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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="Lily721" data-source="post: 134659" data-attributes="member: 8053"><p><strong>P: Where would I import beans for? Would the war in Ukraine and Covid have any impacts on the supply chain?</strong></p><p><strong></strong></p><p><strong>E: Funding the business – how can lower interest rate be secured given the rise in inflation? Also costs associated with the shop – where should it be located, location can impact rent, recent crisis has caused spike in utility bills, could this significantly reduce any profit margins. </strong></p><p><strong></strong></p><p><strong>S: Customers shopping patterns – UK is headed (is in) recession, inflation is high and people are spending less or going for cheaper options. How can I insentivise people to buy from my business. </strong></p><p><strong></strong></p><p><strong>T: could I use technology to my advantage e.g. card payments, advertising online etc. </strong></p><p><strong></strong></p><p><strong>L: how can I ensure my shop is compliant with food/drink regulations, health & safety codes. Also ensure I have the proper insurance coverage. </strong></p><p><strong></strong></p><p><strong>E: how can I ensure the coffee beans I am importing are fair trade and sustainable? Can I do anything to reduce the CO2 associated with importing the coffee beans? How can I ensure I am environmentally friendly – instead of plastic, use paper cups? </strong></p><p><strong></strong></p><p> <strong></strong></p><p><strong></strong></p><p> <strong></strong></p><p><strong></strong></p><p><strong>S: independent coffee shops can stable consumer base in London due to heavy foot traffic, population density and a lot of workplaces. Can look to turn the coffee shop into a franchise – open shops in multiple locations. </strong></p><p><strong></strong></p><p><strong>W: a lot of independent business and shops around London means there is a lot of competition and difficult to distinguish youeself. </strong></p><p><strong></strong></p><p><strong>O: could create more “unique” drinks to draw interest from customers, could try different and fun presentations. </strong></p><p><strong></strong></p><p><strong>T: a lot of competitors such as established franchises like Nero, Costa, Notes etc. </strong></p></blockquote><p></p>
[QUOTE="Lily721, post: 134659, member: 8053"] [B]P: Where would I import beans for? Would the war in Ukraine and Covid have any impacts on the supply chain? E: Funding the business – how can lower interest rate be secured given the rise in inflation? Also costs associated with the shop – where should it be located, location can impact rent, recent crisis has caused spike in utility bills, could this significantly reduce any profit margins. S: Customers shopping patterns – UK is headed (is in) recession, inflation is high and people are spending less or going for cheaper options. How can I insentivise people to buy from my business. T: could I use technology to my advantage e.g. card payments, advertising online etc. L: how can I ensure my shop is compliant with food/drink regulations, health & safety codes. Also ensure I have the proper insurance coverage. E: how can I ensure the coffee beans I am importing are fair trade and sustainable? Can I do anything to reduce the CO2 associated with importing the coffee beans? How can I ensure I am environmentally friendly – instead of plastic, use paper cups? S: independent coffee shops can stable consumer base in London due to heavy foot traffic, population density and a lot of workplaces. Can look to turn the coffee shop into a franchise – open shops in multiple locations. W: a lot of independent business and shops around London means there is a lot of competition and difficult to distinguish youeself. O: could create more “unique” drinks to draw interest from customers, could try different and fun presentations. T: a lot of competitors such as established franchises like Nero, Costa, Notes etc. [/B] [/QUOTE]
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Practise your commercial awareness for your next interview using PESTLE & SWOT.
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