Individual business proposal - Essay Example

The product will be highly purchased due to its high quality that will meet the needs of our customers. Initially, the business will be established as a sole proprietorship but in future it will increase its capital base by becoming a limited company. Political- UK political system is democratic and the government has created a good business environment. Despite the 2008 economic crisis and, the UK government has ensured that its investors and business communities are provided with opportunities to borrow from banks for the purpose of expanding their businesses.

Environment- In order to ensure that firms are in line with the government regulations, the UK government has continued to create conducive environment for the companies (Werner, 1984). For example, the government has established simple six steps to establish a business in the country. In addition, the government reduced the corporation rate from 26% in 2012 to 23% in 2014. In this way, companies have higher net profits an aspect that makes them to easily expand in other areas. Social- Due to social as well as political campaigning, business and individual consumers have increased the rate at which food has been wasted.

This implies that UK government should come up with better policies curb food wastage. Legally, the government has also come up with a regulation that requires banks to expanding lending rates otherwise they may be highly taxed. Technological- Based on the high technology that UK adopts for example the use of smart phones among other innovation, firms are able to effectively market their products. Other companies that have penetrated the UK market include Google, Apple, Symbian and Microsoft among others.

The use of face book by approximately 73% of internet users also makes the country a very viable business opportunity. This implies that Great Coffee will employ the modern