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Aspiring Lawyers - Applications & General Advice
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Practise your commercial awareness for your next interview using PESTLE & SWOT.
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<blockquote data-quote="TN" data-source="post: 133621" data-attributes="member: 9246"><p><strong>P</strong>: Are there any trade restrictions (at the moment or likely to be) imposed on the importation of coffee beans on countries from where I source the beans? </p><p>The political climate in such countries is stable or unstable so that it won't disrupt the supply chain of my coffee beans?</p><p>Any issues surrounding labour/workforce of my suppliers? </p><p></p><p><strong>E</strong>: What is the current interest rate, as this relates to my cost of borrowing - how much should I borrow, and if so, should my loan be on fixed rate or variable rate? What is the current inflation rate - whether my targeted consumers have disposable income for my coffee? Where and how am I going to rent the property for my shop, at what rate? What is the current value of sterling, as this will impact on my import/raw materials costs?</p><p></p><p><strong>S: </strong>What design/vibe of my coffee shop would align with the current trend? Ethically sourced coffee? Organic coffee? What marketing strategies or social media channels to adopt to target the key audience?</p><p></p><p><strong>T</strong>: What sort of coffee making machine to be used? An app to order coffee? Payment system?</p><p></p><p><strong>L</strong>: What would be my business structure (e.g joint venture,...)? How would I hire new staffs that would comply with employment law? What does my business need to do to comply with safety standards and food regulations? How would my lease agreement look like? Do I need IP right protection for my branding? If the business is going to collect customer data, how is my data privacy policy going to look like? </p><p></p><p><strong>E</strong>: Any business practices to be incorporated to reduce the carbon footprint of my business? Recyclable cups? Renewable energy source? Ethically sourced coffee beans?...</p></blockquote><p></p>
[QUOTE="TN, post: 133621, member: 9246"] [B]P[/B]: Are there any trade restrictions (at the moment or likely to be) imposed on the importation of coffee beans on countries from where I source the beans? The political climate in such countries is stable or unstable so that it won't disrupt the supply chain of my coffee beans? Any issues surrounding labour/workforce of my suppliers? [B]E[/B]: What is the current interest rate, as this relates to my cost of borrowing - how much should I borrow, and if so, should my loan be on fixed rate or variable rate? What is the current inflation rate - whether my targeted consumers have disposable income for my coffee? Where and how am I going to rent the property for my shop, at what rate? What is the current value of sterling, as this will impact on my import/raw materials costs? [B]S: [/B]What design/vibe of my coffee shop would align with the current trend?[B] [/B]Ethically sourced coffee? Organic coffee? What marketing strategies or social media channels to adopt to target the key audience? [B]T[/B]: What sort of coffee making machine to be used? An app to order coffee? Payment system? [B]L[/B]: What would be my business structure (e.g joint venture,...)? How would I hire new staffs that would comply with employment law? What does my business need to do to comply with safety standards and food regulations? How would my lease agreement look like? Do I need IP right protection for my branding? If the business is going to collect customer data, how is my data privacy policy going to look like? [B]E[/B]: Any business practices to be incorporated to reduce the carbon footprint of my business? Recyclable cups? Renewable energy source? Ethically sourced coffee beans?... [/QUOTE]
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