Tuesday, 20 September 2011

Setting up a pizza delivery business


You have decided that you want to run a pizza delivery business - now decide how you will achieve this. Will you:
  • buy an existing business
  • start up a new business from scratch
  • operate as a franchisee
The course of action you choose will affect the costs you will incur and may also affect how soon you start to receive income from the venture.

Franchises


Some very useful links to help with the first part of the controlled assessment:
Business Link - http://online.businesslink.gov.uk/bdotg/action/searchBasicMode?resultPage=1&expression=franchise

Online test to see if Franchising is right for you - http://www.whichfranchise.com/diagnostic_tool3.cfm

General advice on starting your own business including franchising - http://www.whichfranchise.com/onlineseminars/whatIsFranchising.cfm
Business startups - http://www.startups.co.uk/SearchResults.aspx?q=franchise

Which Franchise.co.uk - http://www.whichfranchise.com/resources.cfm

Promotional video on Nancy's pizza (USA) - http://www.youtube.com/watch?v=fUeVhJDgq8k&feature=related

Promotional video on Nick and Willy's pizza (USA) - http://vimeo.com/7223456

Video about Papa John's pizza delivery (UK) - http://www.youtube.com/watch?v=CfALNU01Xnc

Papa John's website - http://www.papajohns.co.uk/franchise/

Perfect Pizza and Pizza Hut delivery franchises - http://www.franchisedirect.co.uk/foodfranchises/pizzafranchises/220?gclid=CMqHspnbq6sCFYUJtAodUhMy7g
Domino's franchse - http://www.whichfranchise.com/franchisorPage.cfm?CompanyID=275

Real-life experience of someone who bought a Domino's franchise - http://www.independent.co.uk/student/career-planning/getting-job/pizza-franchises-buying-into-the-dominos-effect-410283.html

Wednesday, 30 March 2011

American blue cheeses


Note: 8oz (US) = 224g
32oz = 900 g (approx)
Comparing the cost of Bowton Blue with American blue cheese, you divide the 900g price by 4 and then multiply by the US exchange rate of £1= $1.60 approx.

i.e. £30/4 x $1.60 = $12. This compares with approximately $10 for the US cheese. Of course shipping to the US would be extra on top of this.

The big question is how would American cheese buyers respond if the exchange rate changed resulting in a change in price? This is all to do with the how sensitive customers are to a change in price. (known as Price Elasticity)

Q. How much would the Bowton Blue cost in the US, if the exchange rate:

a) increased to £1 = $1.70 (i.e. the £ strengthened or appreciated)
b) decreased to £1 = $1.50 (i.e. the £ weakened)


http://www.selectcheeses.com/Blue-Cheese-USA-50-States-cheese.asp?p=1

Exchange rate questions

From BBC Bitesize:

http://www.bbc.co.uk/scotland/learning/bitesize/standard/maths_i/numbers/foreign_exchange_rev1.shtml

Wednesday, 23 March 2011

Comparison of exchange rates over time


Interesting site which allows you to see how the £ has strengthened or weakened over time against 5 other currencies.
http://www.oanda.com/currency/historical-rates/