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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="shaikishaq" data-source="post: 134023" data-attributes="member: 22153"><p><strong>PESTLE</strong></p><p></p><p></p><p><u>Political</u></p><p></p><ul> <li data-xf-list-type="ul">Where am I securing the perishable ingredients from- coffee beans, flour, sugar, salt, baking soda, etc? Should I look into local sources or import these it personally from outside of the UK? Which would be cheaper and allow for a greater profit margin. Are any ingredients I am sourcing subject to trade restrictions? Will I look at EU sources or other international sources?</li> <li data-xf-list-type="ul">How/Where am I getting the machinery required for the functioning of the shop? What are the restrictions on where I can source these? Which would be more appropriate given my budget?</li> <li data-xf-list-type="ul">How/Where am I sourcing furniture from? Will I purchase used furniture locally or through international routes?</li> <li data-xf-list-type="ul">Can I supply my commodities in bulk, under order? Can I supply pastries made in another kitchen? What are the permits I need to acquire? Are there any laws which regulate this?</li> <li data-xf-list-type="ul">Will my business also consist of home delivery/subscription services? How will regulations affect this?</li> <li data-xf-list-type="ul">What is the permitted timings a coffee shop can remain open?</li> <li data-xf-list-type="ul">How can I advertise the shop? What are the regulations? How am I designing my shop’s logo? Would it violate any other shop’s IP rights?</li> <li data-xf-list-type="ul">Given the volatility of the pound and the FTSE 100 index, would opening a shop now be a good idea?</li> <li data-xf-list-type="ul">Any restrictions on number of employees?</li> <li data-xf-list-type="ul">Are there any tax credit considerations employed by the government? How do I qualify for those? Are there any other bursaries active currently for my business?</li> </ul><p><u>Economic</u></p><p></p><ul> <li data-xf-list-type="ul">How am I financing the opening of the shop? Do I have a partner or someone who wants to invest in my shop? Am I securing the financing through debt? If so how much of it? What would be secured under the debt?</li> <li data-xf-list-type="ul">Am I going to outright buy all the things required for the shop like machinery furniture, etc. or have an alternative fee arrangement?</li> <li data-xf-list-type="ul">Am I looking at buying brand-new things for my shop or have it bought second-hand?</li> <li data-xf-list-type="ul">Where am I opening my shop? What are the property prices there? Are there any cheaper alternatives close-by which wouldn’t affect the strategic position? What is the size of the shop?</li> <li data-xf-list-type="ul">What decorations will I add to my shop? How am I going to change the ambience of the shop unit? How would those affect over-head costs?</li> <li data-xf-list-type="ul">What are high-traffic areas which I could utilise to maximise profits? What are the prices I am going to set on my products? What are the products I am planning to sell? What is the type of business I wish to run- high street, moderately priced or coffee priced competitively? How would this affect my profit turnover compared to the location demographics?</li> <li data-xf-list-type="ul">How would the pound volatility affect the ingredients I source from outside the UK? Will the weakening of the pound adversely affect my business and ability to remain profitable?</li> <li data-xf-list-type="ul">How many people am I employing in the business?</li> <li data-xf-list-type="ul">How would the current rampant interest rates versus my profit turnover affect my business?</li> </ul><p><u>Social</u></p><p></p><ul> <li data-xf-list-type="ul">What demographic of the population will my shop cater to?</li> <li data-xf-list-type="ul">Will I try to include a product in my shop which will be synonymous with its brand? How will I advertise this?</li> <li data-xf-list-type="ul">How will the demographic affect my shops’ products’ pricing?</li> <li data-xf-list-type="ul">Will I call my different coffee sizes unconventional interesting names? Will I name my pastries and desserts the same way to appeal to the younger population?</li> <li data-xf-list-type="ul">How would I incorporate cultural and seasonal festivals in my shop to appeal to a greater customer base?</li> </ul><p><u>Technological</u></p><p></p><ul> <li data-xf-list-type="ul">How will I roast my coffee? Will I get a roaster? How will I grind my coffee- will it be hand ground or automatically ground?</li> <li data-xf-list-type="ul">Will I utilise automated pastry making machines?</li> <li data-xf-list-type="ul">Will I sell self-branded coffee pods for people to buy?</li> <li data-xf-list-type="ul">Will I have a vending machine selling fresh juice, toys and or fast selling electronic items (chargers, earphones, etc.)</li> </ul><p><u>Legal</u></p><p></p><ul> <li data-xf-list-type="ul">What would my shop be classified as? Would it be a partnership or a separate entity? Who would take care of the registration at the Company House?</li> <li data-xf-list-type="ul">How much and how to declare tax write-offs for acquisition of new property for a business? How will the opening of my new shop affect my tax declarations? How long do I have until I have to start calculating the tax payable, depending on when I am opening in the fiscal year?</li> <li data-xf-list-type="ul">Depending on the scale of the opening of my shop, which model of business would be most useful? How can I maximise my profits while balancing audit costs? Who will file tax returns?</li> <li data-xf-list-type="ul">Do I have employees? How many should I employ to ensure maximum efficiency? Should I hire managerial, part-time and full-time staff? How much should I pay each of them? Should I pay them the minimum wage? Who will calculate and file employee tax returns?</li> <li data-xf-list-type="ul">How will I provide training for my staff?</li> <li data-xf-list-type="ul">How am I arranging insurance for my shop? What will be insured? Will my staff be insured as well?</li> <li data-xf-list-type="ul">How will I adhere to safety obligations like food, premises and materials.</li> </ul><p><u>Environmental</u></p><p></p><ul> <li data-xf-list-type="ul">How would I incorporate equality in my shop? Through employees, certification, recognition, gender neutral bathrooms or another fun way?</li> <li data-xf-list-type="ul">Will I incorporate sustainable sourcing to my ingredient? Incorporate it in different ways? Will I sell household brand products to appeal to the demographic of the area of my shop for attraction?</li> <li data-xf-list-type="ul">Will I incorporate sustainable materials in my shop- paper coffee cups, paper straw, high sustainability rated lighting and toilets, biodegradable plastics?</li> <li data-xf-list-type="ul">Will I include custom orders or have a pre-set menu?</li> <li data-xf-list-type="ul">What factors would affect my supply chain- recent unrest in South America (farmland fires, political unrest, etc.), rising fuel prices due to geopolitical situation, local strikes, inflation?</li> <li data-xf-list-type="ul">How will I dispose of waste?</li> </ul><p></p><p></p><p></p><p><strong>SWOT</strong></p><p><strong></strong></p><p> <strong></strong></p><p></p><p><u>Strengths</u></p><p></p><ul> <li data-xf-list-type="ul">An independent coffee shop allows for greater flexibility in terms of products offered. Like specially sourced coffee, make of own blend by customers, availability of customisation options.</li> <li data-xf-list-type="ul">Due to its potential for flexibility, can allow for a loyal customer base.</li> <li data-xf-list-type="ul">Due to its independent nature, products could be attractively priced.</li> <li data-xf-list-type="ul">Free to follow a convenient theme.</li> </ul><p><u>Weaknesses</u></p><p></p><ul> <li data-xf-list-type="ul">Presence of a high level of competition.</li> <li data-xf-list-type="ul">Difficult to quickly gain a loyal customer base.</li> <li data-xf-list-type="ul">Could be unable to survive force majeure fluctuations without money rich organisational backing.</li> <li data-xf-list-type="ul">Property prices are high in London and would be difficult to maintain overhead costs before the gaining of a customer base.</li> <li data-xf-list-type="ul">Small economic fluctuations could have a big impact on success of the shop.</li> <li data-xf-list-type="ul">Brand recognition will be time consuming.</li> <li data-xf-list-type="ul">In an economy of volatility and rising inflation with local strikes, ransomware group attacks and falling consumer spending, running a new business profitably would be difficult.</li> </ul><p><u>Opportunities</u></p><p></p><ul> <li data-xf-list-type="ul">Due to ease in advertising and recent popularity in finding ‘hidden gems’ through online platforms, there is an opportunity for great success.</li> <li data-xf-list-type="ul">The possibility of making a very unique and interesting looking coffee shop which would attract business initially due to novelty.</li> <li data-xf-list-type="ul">Could capitalise on straying away from a conventional coffee shop and selling specialist things- coffee, pastries and desserts and make the shop more attractive to the customers.</li> </ul><p><u>Threats</u></p><p></p><ul> <li data-xf-list-type="ul">Proximity of another coffee shop. Would be exacerbated if the coffee shops are big chains like Starbucks, Pret-a-Manger, Costa, etc.</li> <li data-xf-list-type="ul">Inflation, rising interest rates, supply chain issues, strikes and lowering consumer spending.</li> <li data-xf-list-type="ul">Increasing over-head costs- utilities, rent, maintenance and raw materials.</li> <li data-xf-list-type="ul">Bad reviews.</li> <li data-xf-list-type="ul">Poor marketing.</li> </ul></blockquote><p></p>
[QUOTE="shaikishaq, post: 134023, member: 22153"] [B]PESTLE[/B] [U]Political[/U] [LIST] [*]Where am I securing the perishable ingredients from- coffee beans, flour, sugar, salt, baking soda, etc? Should I look into local sources or import these it personally from outside of the UK? Which would be cheaper and allow for a greater profit margin. Are any ingredients I am sourcing subject to trade restrictions? Will I look at EU sources or other international sources? [*]How/Where am I getting the machinery required for the functioning of the shop? What are the restrictions on where I can source these? Which would be more appropriate given my budget? [*]How/Where am I sourcing furniture from? Will I purchase used furniture locally or through international routes? [*]Can I supply my commodities in bulk, under order? Can I supply pastries made in another kitchen? What are the permits I need to acquire? Are there any laws which regulate this? [*]Will my business also consist of home delivery/subscription services? How will regulations affect this? [*]What is the permitted timings a coffee shop can remain open? [*]How can I advertise the shop? What are the regulations? How am I designing my shop’s logo? Would it violate any other shop’s IP rights? [*]Given the volatility of the pound and the FTSE 100 index, would opening a shop now be a good idea? [*]Any restrictions on number of employees? [*]Are there any tax credit considerations employed by the government? How do I qualify for those? Are there any other bursaries active currently for my business? [/LIST] [U]Economic[/U] [LIST] [*]How am I financing the opening of the shop? Do I have a partner or someone who wants to invest in my shop? Am I securing the financing through debt? If so how much of it? What would be secured under the debt? [*]Am I going to outright buy all the things required for the shop like machinery furniture, etc. or have an alternative fee arrangement? [*]Am I looking at buying brand-new things for my shop or have it bought second-hand? [*]Where am I opening my shop? What are the property prices there? Are there any cheaper alternatives close-by which wouldn’t affect the strategic position? What is the size of the shop? [*]What decorations will I add to my shop? How am I going to change the ambience of the shop unit? How would those affect over-head costs? [*]What are high-traffic areas which I could utilise to maximise profits? What are the prices I am going to set on my products? What are the products I am planning to sell? What is the type of business I wish to run- high street, moderately priced or coffee priced competitively? How would this affect my profit turnover compared to the location demographics? [*]How would the pound volatility affect the ingredients I source from outside the UK? Will the weakening of the pound adversely affect my business and ability to remain profitable? [*]How many people am I employing in the business? [*]How would the current rampant interest rates versus my profit turnover affect my business? [/LIST] [U]Social[/U] [LIST] [*]What demographic of the population will my shop cater to? [*]Will I try to include a product in my shop which will be synonymous with its brand? How will I advertise this? [*]How will the demographic affect my shops’ products’ pricing? [*]Will I call my different coffee sizes unconventional interesting names? Will I name my pastries and desserts the same way to appeal to the younger population? [*]How would I incorporate cultural and seasonal festivals in my shop to appeal to a greater customer base? [/LIST] [U]Technological[/U] [LIST] [*]How will I roast my coffee? Will I get a roaster? How will I grind my coffee- will it be hand ground or automatically ground? [*]Will I utilise automated pastry making machines? [*]Will I sell self-branded coffee pods for people to buy? [*]Will I have a vending machine selling fresh juice, toys and or fast selling electronic items (chargers, earphones, etc.) [/LIST] [U]Legal[/U] [LIST] [*]What would my shop be classified as? Would it be a partnership or a separate entity? Who would take care of the registration at the Company House? [*]How much and how to declare tax write-offs for acquisition of new property for a business? How will the opening of my new shop affect my tax declarations? How long do I have until I have to start calculating the tax payable, depending on when I am opening in the fiscal year? [*]Depending on the scale of the opening of my shop, which model of business would be most useful? How can I maximise my profits while balancing audit costs? Who will file tax returns? [*]Do I have employees? How many should I employ to ensure maximum efficiency? Should I hire managerial, part-time and full-time staff? How much should I pay each of them? Should I pay them the minimum wage? Who will calculate and file employee tax returns? [*]How will I provide training for my staff? [*]How am I arranging insurance for my shop? What will be insured? Will my staff be insured as well? [*]How will I adhere to safety obligations like food, premises and materials. [/LIST] [U]Environmental[/U] [LIST] [*]How would I incorporate equality in my shop? Through employees, certification, recognition, gender neutral bathrooms or another fun way? [*]Will I incorporate sustainable sourcing to my ingredient? Incorporate it in different ways? Will I sell household brand products to appeal to the demographic of the area of my shop for attraction? [*]Will I incorporate sustainable materials in my shop- paper coffee cups, paper straw, high sustainability rated lighting and toilets, biodegradable plastics? [*]Will I include custom orders or have a pre-set menu? [*]What factors would affect my supply chain- recent unrest in South America (farmland fires, political unrest, etc.), rising fuel prices due to geopolitical situation, local strikes, inflation? [*]How will I dispose of waste? [/LIST] [B]SWOT [/B] [U]Strengths[/U] [LIST] [*]An independent coffee shop allows for greater flexibility in terms of products offered. Like specially sourced coffee, make of own blend by customers, availability of customisation options. [*]Due to its potential for flexibility, can allow for a loyal customer base. [*]Due to its independent nature, products could be attractively priced. [*]Free to follow a convenient theme. [/LIST] [U]Weaknesses[/U] [LIST] [*]Presence of a high level of competition. [*]Difficult to quickly gain a loyal customer base. [*]Could be unable to survive force majeure fluctuations without money rich organisational backing. [*]Property prices are high in London and would be difficult to maintain overhead costs before the gaining of a customer base. [*]Small economic fluctuations could have a big impact on success of the shop. [*]Brand recognition will be time consuming. [*]In an economy of volatility and rising inflation with local strikes, ransomware group attacks and falling consumer spending, running a new business profitably would be difficult. [/LIST] [U]Opportunities[/U] [LIST] [*]Due to ease in advertising and recent popularity in finding ‘hidden gems’ through online platforms, there is an opportunity for great success. [*]The possibility of making a very unique and interesting looking coffee shop which would attract business initially due to novelty. [*]Could capitalise on straying away from a conventional coffee shop and selling specialist things- coffee, pastries and desserts and make the shop more attractive to the customers. [/LIST] [U]Threats[/U] [LIST] [*]Proximity of another coffee shop. Would be exacerbated if the coffee shops are big chains like Starbucks, Pret-a-Manger, Costa, etc. [*]Inflation, rising interest rates, supply chain issues, strikes and lowering consumer spending. [*]Increasing over-head costs- utilities, rent, maintenance and raw materials. [*]Bad reviews. [*]Poor marketing. [/LIST] [/QUOTE]
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