ECONOMICS AND ACCOUNTING

Economics and Accounting

Business description

I have a plan to start a “Sport Retail Outlet” with the name of “Jocky Sports”. At Jocky Sports, all kind of items (e.g. Polo gloves, Polo Helmet and Shoes) that are used in “Horse Riding” would be sold, and these items will be imported directly from Pakistan because Pakistan has big name in sports products (especially in leather products) and it has great demand in U.K. Moreover, importing from Pakistan would cost less than other countries with better quality. The items that I have planned to import from Pakistan are:

Polo gloves

This style of gloves for high competence is constructed of selected durable digital cabretta leather for superior grip, feel, and durability and with the revolutionary Aegis polymer to provide protection against bacteria and fungus growth, which weakens leather. Double-knit spandex finger gussets provide breathability and comfort. They are available in different colours.Adjustable velcro closure. This pair of glove will be priced at 50 pounds each.

Polo Helmet

The Bauti style helmet is made of a braided reinforced fiberglass structure, covered by a layer of polyurethane padded foam, of 4 mm, for the absorption of impact.. The Bauti style is aimed at the young players, women and the amateurs. This will cost customer 225 pounds each.

Polo boots with velcro (615)

This important piece of equipment for the player is hand made with carefully selected and inspected matted oil leather. They are fully lined with thick leather for a better security, safety and protection to withstand and diffuse the pressure from the strongest bump or ride off of the strongest shot. The pair of boots will be sold at 600 pounds each.

Start-up Summary

I would make sure that the starting costs for my new business remains at a minimal level. The start-up costs for the business would be simple & cost effective. One of the main expenses at the start-up would be the deposits for obtaining a place for rent and utilities. I would spend a comparatively large amount of money on the advertising of the business, and would use a number of different techniques for promoting my business, to create awareness among customers regarding my business. Then there would inventory for my business, which would be a major cost. The inventory for my business would consist of sports items. I want to finance the initial costs of my business through my own investment and a small loan, ...