Tuesday, 11 June 2013

Unit 10: Personal Selling in Business

Introduction:

In this unit of assignment I am going to talk about "Personal Selling in Business", covered topics: The Role of Sale Staff and Selling Skills and Processes.

P1: In this task of assignment I am going to describe the role of sales staff of The Cavendish Hotel (4 star hotel).

First of all, sale staff  works in different kind of business; it could be in a shop in high street, hotel, etc. A sale staff should be polite and friendly to all customers because if not, the business will be in trouble and may not even survive in its first year.

The main role of a sale staff is to promote or sell the goods/products of the company including; making the product look very interesting to encourage people to buy and it is also important to have knowledge about the product that the company sells or to provide service too such as to do customer satisfaction including; help the customers. It is also part of sale staff's role to help customers to match the products/services depending on their 
requirements which means a good sales staff will link the product surround to the customer's lifestyle and needs.

As a sale staff it is also important to build up relationship with customers to get ideas of what they want and need that's the reason why sale staff should establish customers needs/requirements such as:

-Price: it could be crucial for most of the customer but they do not really mind for others.
-Availability: it is a hard time for some who needs the product/service urgently.
-Appearance: it could be vary depending on the customer and the product.
-Specific Needs: a customer could need a blazer with a bigger size to fit for her/his daughter.
-Benefits: a customer can have a guarantee to exchange the product or a free delivery when they purchased a lot.

For example:

"As a staff of The Cavendish Hotel my main role in this company is to serve customers with respect and to make it happen I always do the right things to show that I care about them and I am happy to help them at all times.

It is also part of my role to promote our  new promotions for example: afternoon teas; the prize could be cheaper or same price but including a glass of champagne, dinner; encourage the guest to buy/order other side dishes, cold and hot drinks or try to up sell other things that they might interest.

As a conclusion, it is important for me to have knowledge about the place where I work because most of the guests ask questions such as the prices for breakfasts, what are the promotions we have for the month of June, how many rooms do we have and more. If I am able to answer all of these basic questions of guests, they will have a good impression about the hotel and staffs; there's also a chance that they will come back again and share their experienced with their families, friends and relatives."

P2: In this task of assignment I am going to identify and explain the techniques that sale staff used when making personal sales and I am also going to identify whom and when they might be used.

-Cold Calling: is the call that recipient doesn't expect but this is the way to contact a firm or to communicate to people privately and individually just to get a new business.

It can be use in different business situations, especially when they have new product released and new offer. For example: Three mobile network. 

Three mobile network call all three customers to inform them that for this month they are having this promotion for example: SAMSUNG GALAXY S4 for only £25/m and upfront cost is only £19. They will always try to persuade you to close a deal with them.

-Face-to-Face Selling: is the way to call customers by appointment just to promote the new products, provide information about the products and get feedback from customers.

It can happen to all in store. Why? because people go to the store to buy their needs and this is also an opportunity for salespeople to show their customer service and also the chance for them to make customers' happy and satisfied. If customers are happy and satisfied there is a possibility that they will come back again which is good for your business.

-Drop-in-Visit: is made by casual sellers who may call on small shops and house holders to sell their wares/product.

Drop-in-visit happens when casual sellers come to you or visit your business to promote their products and inform you about their new promotions. It happens more often in small businesses such as kiosks

-Inward Calls: is the way to respond to all customers inquiries.

-Telemarketing: is use to contact potential customers by phone (often calls from call centre).

Telemarketing is almost like the same as cold-calling. It can be use in different business situations, especially when they have new product released and new offer. For example: Three mobile network. 

Three mobile network call all three customers to inform them that for this month they are having this promotion for example: SAMSUNG GALAXY S4 for only £25/m and upfront cost is only £19. They will always try to persuade you to close a deal with them.

P3: In this task of assignment I am going to explain the knowledge and skills that sale staff used when making personal sales and about The Legislation Affecting Personal Selling.

-Good Sales Habits: As a sales staff it is important to have a good sales habits to help you to promote your products.  I have researched and I found out a lot of ways of Good Sales Habits.

-Good Sales Techniques: Never trick customers because it is very important to always be honest to make a sale because you can build a relation with customers and there's a possibility that they're coming back and buy your products, it is also important for the company if a sale staff is continually focused on the needs and expectations of the customer.

-Product Knowledge: It would be an advantage for you and for the company that you know the products that you sell because most of the customers ask about the products and it would look so impressive if you answer their queries without reading the paper. This kind of technique will build up a good image/reputation of your company.

-Inwardly Motivated to Sell: When you are happy on what you doing/working. This motivates you to achieve the company goals such as increasing sales, deliver high standard of customer service, etc.

-Ability to Close a Sale: It is really a big help and it benefits you and the company if you have/build up your self-confidence because it gives you the ability to promote the products and make customers want to buy the goods/products that you offer to them.

-Rewarding and Motivating Staffs: Organisations should motivate staffs and gives rewards too because this help them to motivated themselves to do their job properly.

The Legislation Affecting Personal Selling.
The Legislation affects personal selling when customers purchase a products or asking for service they have to make a contract with the seller/company or an organisation.
The customers can contact the seller/company by:
-Writing them an e-mail or a letter.
  • A sales contract from mobile company such as Three, O2,etc.
  • Using an order form from the company catalog.
  • Credit agreement. (When customer agrees to pay monthly for the goods, the seller/company need to have an agreement contract.)
-Phoning them and have a verbal agreement.
  • Having a verbal agreement it can happened when a sales staff call the customer to offer any new products that they have and if the customer agrees to buy it, the seller accepts the payment through phone.
There's a lot of different ways to close a deal/contract, these are:

a) Performance: which is the customer/s accepted and paid the goods and services that they get.

b) Agreement:It usually happens when customer/s return the product and claim a refund.

c) Breach of contract: It happens when the terms and conditions of the deal (contract) have not been close. (For example: The products that the seller sells are faulty and customers do not pay for what they buy.)

Different types law that customers should know to protect themselves from the sellers.

-Consumer Protection (Distance Selling Regulations Act 2005): This law is important because it protects the costumer against products or services sold by catalogs (mail order), telephone, fax or e-mail. This law has been passed in year 2000 and it has been amended in year 2005. Therefore, some B2B transactions are not included from the  Distance Selling Regulations Act 2005.

-Consumer Protection (Distance Selling Regulations Act 2005): This law gives ideas and provide information to everyone as customer/s that they should get the proper product/service information. They should also get a confirmation e-mail or SMS after they purchase and the most important thing is customer will have a full refund when their order are not delivered.

-Sale of Goods Act 1994 /Sale and Supply of Goods Act 1994 / Supply of Goods to Consumers Regulations 2002: These laws are all stating that the new or secondhand products should be proper and clearly describe, make sure that the product has got high satisfactory quality and it is fit on purpose.

-Consumer Protection Act 1987: This law covers about the product/service prices and their safety uses. It also states that it is an offence to: Trick customer/s about the prices of products or services this include exaggerate discounts, sell/provide bad quality and unsafe products (General Product Safety Regulation 2005). 

-Supply of Goods and Services Act 1982: This law relates customers against selling products especially about providing services because according to the law services should be completed within a reasonable in time, care & skills and also should be completed using proper and durable materials Therefore, customer/s should only pay for reasonable charge.

-Consumer Credit Act 1974: This law protects all the customers from credit loan agreements. Organisations that offer loan agreements should have licensed to do. (For example: protects customers against interest rates.)

-Trade Description Act 1968: This law covers the offence by selling goods or providing services which have been wrongly describe by the producer/manufacturer and also by making fake claims for services.

P4: In this task of assignment I am going to talk about how to prepare to make personal sales it is also part of the role play that I have made. Therefore, I have made a list to show what do's you have to apply to make customers' happy and what don'ts you need to stop to improve your selling skills.

Most of the companies spend a lot of money on advertising their business and products online, newspapers, billboards, etc. They're doing this to attract customers and encourage them to buy your products. Therefore, sales people must have these skills and abilities to be able to impress customers. These are:

-Job satisfaction
-Product knowledge
-Determined, hardworking, friendly and patience
-Up-to-date sales training for everyone
-The ability to meet customers needs and expectations.
-The ability to fit the product to the customer based on their age.
-The ability to solve customers problems/complaints.
-The ability to close a deal with customers.
-Lastly, as a salesperson it's important your cleanliness and your appearance.

There are also few things to remember as a salesperson these are:

-Do not be aggressive to customers, stay calm and be more patience with them.
-Never talk about your life, customers have no interest to know about your life.
-Never go to work and approach customers smelling of alcohol or cigarettes because they may find disrespectful.
-Do not argue with customers, stay calm and simply ask questions or their needs.
-Never criticise other brands, just tell them what's the difference of your products and theirs.
 

P5: In this task of assignment I am going to use selling skills and processes to make sales. I am going to make a role play video to cover these following topics.

• Approach a customer
• Identify their needs
• Promote your products
• Respond to objections
• Conclude the transaction 

Therefore, I am going to use AIDA (Attention, Interest, Desire and Action) to be able a close a deal with customers.

AIDA  is the way which salesperson should be focus with customers to reach successful sale and be able to close a deal.

Attention: As a sales staff it is important to allow enough time for yourself to talk to the customer to show interest  that you are willing to help them.However always remember that spending too much time with the customer may feel annoyed and it may lead the customer to leave the shop right away.

Interest: It's important to meet the customer's needs because it shows your interest and willingness to help them looking for what customer's want and need, to make it happen, you need to make conversation with the customer asking for what is she/he looking for. For example if you are working in clothing you have to ask the customer such as:

-What size are you looking for?
-What color are you looking for?

This questions will help the salesperson to ensure that the customer will get the right product that they are looking for. If they are happy of what they bought and they are happy with your service there's a possibility that they may come again.

Desire: The desire for the customer to love the product as the sales staff engaged with the features of the product to meet customer's needs and expectations.

Action: As a salesperson it is important to make sure that the customer purchase the right product that they want this way you can avoid returning product because one simple mistake can ruin the sale.

M1: In this of assignment I am going to explain the role of sales staff and also to find out how and why sales people are important to an organisation and then, I am going explain the sales techniques who used by personal sellers.

As a sale staff, you should be always polite and friendly to all the customers, even they give you a hard time you should be patient with them to encourage them to buy your products because if not the business will struggle and may not even survive. 

Why sales people are important?

The people who work in sales play the most important role in all the business organisations because they are the public face of business who deal with the customers wants and needs. Their attitude and performance will automatically affects the business' revenue and profits, which means, they are directly helping and contributing to meet all goals of the business. These are:

-First point of contact: The first point of contact with customers is a big challenge for sales people because they need to deliver great customer service to impress customers because customers' first impression is very important for the business because there will be a possibility that they will come back again and spread their experience with their family, friends and relatives which means there will be a chance that they will visit your store and buy some of your products.
-Provide Information: This is one of the common ways to get customers interest because in this way you have the chance to talk to them and there's a possibility to meet their needs/expectations.
-Developing Customer Care: It's important for all sales staff to identify their clients to be able to help them and it shows that they care about them and always willing to build up relationship with their customers.
-Gathering Feed backs: Gathering feed backs from customers are such a good thing for the business because it helps the business to know what things they need to improve and work out to deliver an excellent customer service.

There are also different sales techniques that sale staff used to get customer's attention and try to encourage them. These are:

-Cold Calling: is the call that recipient doesn't expect but this is the way to contact a firm or to communicate to people privately and individually just to get a new business.
-Face-to-Face Selling: is the way to call customers by appointment just to promote the new products, provide information about the products and get feedback from customers.
-Drop-in-Visit: is made by casual sellers who may call on small shops and house holders to sell their wares/product.
-Inward Calls: is the way to respond to all customers inquiries.
-Telemarketing: is use to contact potential customers by phone (often calls from call centre).



"As a conclusion, every company/organisation has got different way to make money especially how to promote their products/goods and also being a sale staff has got the most important role in the retail because they are the one who face and encourage the customer to buy the products".

M2: In this chapter of assignment I am going to compare the selling skills and processes used in different situations. I am going to choose 2 different situations one is face-to-face (selling your products in store for example: Cars/Motorbike) and the second one is phone call (promoting your product via phone call for example: Talk talk broadband). I am also going to identify their similarities and differences.

One of the similarities between the two selling situations I have identified is to build up relationship between the salesperson and customers to get the opportunity to get their trust and to be able always keep them in touch including to get feed backs from customers to find out in which area does the business need to improve to be able meet customers need and expectations.

Face-to-face selling technique is easier to use to encourage customers. This technique can be actually used when customers go to shop, where a salesperson can encourage and to help customers to make sure that they buy what exactly they want or if they are interested in any. I choose KFC as an example of Face-to-face selling technique. KFC uses this selling technique because they are the first who usually communicate with customers. KFC's customer service is very simple when you analyse it. It is like this:

1) Greet customers
2) Ask for their order/meal
3) Ask customers if they want anything else
4) Take the payment
5)Prepare customers' meal and give it to them
6) Say "Thank you, enjoy your meal"

Telemarketing technique is the other way to promote new products or offers through calling specific target. They always call their potential customers at the right time and place when/where they are not busy and have time to talk to them and have time to listen. I am going to use Carphone Warehouse (Mobile and Network seller: 02, Orange, etc). This company use this kind of technique to be able to promote/advertise their new offer to catch customers' attention. Now a days they randomly called you just to inform you about the new things they have. Telemarketing processes is long because they will need to wait until people pick up their phones before they start talking about the product and offers. These are few steps to be a good telemarketer:


This is face-to-face and telemarketing selling  techniques have similarities when it comes to selling because both of them have got the same goal which is to make money by selling the product to public. They have same sales skills to be able sell products and make more money for the company. Another similarity I have identified is the way how they handle customers' complaints.This is another similarities of face-to-face and phone call selling because if they get customers' complaints both of them will try their best to resolve the problem as soon as possible to make customers' happy and not lose their trust. 


One of their differences between the two selling situations I have identified is face-to-face selling is easier for the salesperson to encourage and persuade the customer to buy the products because salesperson can show the product personally which means it is easier for you to sell your products. In this way there's a possibility that the customer will buy the product that you offer to the customer. However, phone call selling doesn't work all the time because most of the customers don't give a chance the salesperson who's on the phone to explain the reason why they are calling because most of the customers are not bothered to listen and they can easily say to the salesperson that on the phone that they are not interested and they are busy so, they just hang up the phone.

D1: In this chapter of assignment Zainab (customer) and me (salesperson) made a video of different type of selling situations as an evidence to be able to demonstrate the confident use of personal selling skills when making sales.

D2: In this task of assignment I made video as an evidence where I was acting as a salesperson  and my partner Zainab was acting as a customer. I am also going to evaluate the preparation, skills and processes used in different situations.

In my role play, I made three scenarios which are phone calling (to take an order from customer), face-to-face (to make a refund for the customer) and sending an e-mail (to solve the problem with the customer's complaint). I think I showed my confidence in our role play even though, my partner (Zainab) and I didn't have enough time to practice. Therefore, we practiced before we started the role play to make sure that we were both aware of what we need to do in the role play. 

In the first part of the scenario which is phone calling, where Zainab called me to make an order that she saw online. I greeted her, I asked her how could I help? and when she gave me the details, I was patient to check the product for her to be able to meet her expectations and needs and also to make her feel satisfied, after a 2 minutes, I found the jeans the she was looking for, I also tried to up sell with her by asking her is she would like to add anything else because if she will order more than £40.00 she will get a free delivery but she said "NO" to me, so, I just took her details to be able to complete her purchased. In the second part of scenario which is face-to-face, when she walked in store, I approached her on how could I help her? She said wants to return the product that she bought online so, I asked if she wants a new one instead or to exchange it to another but she told me that she wants a refund so, I did the refund for her and after that, I asked her if there was anything else I could help? and she said nothing else and she was happy and satisfied because she got what she wanted. Last scenario which is replying to customer's complaint, I used formal language to show that I was serious and sincere to apologies for what happened and I assured them that it ill never going to happen again. I also offer them discounts whenever they buy something from in store and a free delivery for a month when they order anything from online.

This is the example of replying to a customer's complaint an-email:


In my opinion, my partner (Zainab) and I did really a good job with our role play because both of us gave our very best to be able to meet one of the important criteria in this unit covering: to demonstrate my confidence of being a salesperson, to be able to up sell other products and I also gave my best to be able to demonstrate of good customer service, for example:  asking her of what is she looking for (designs, size, colors) to be able meet her needs and expectations. I also explained to her about the policy of our delivery just in case she wants to order through online. However, there are  things to improve for the next transaction with customers. These are:

-Offer the customer for more selection. In  this way, it helps you to increase sales of the business.
-Give or send them feed back card after they purchase in store or online.






Wednesday, 1 May 2013

Extension Projects (Task 5 and 6)

Task 5: 
In this task of assignment I am going to compare 3 different websites (Private Sector: H&M company, Public Sector: TFL and NGO: Barnardos Charity) regarding to their construction features.



These are the 3 websites that I have chosen: I chose H&M Company for Private Sector, TFL for Public Sector and Barnardos Charity for NGO.

Differences:

=H&M Company and TFL have got the same menu bar position but not with the website of Barnardo’s Charity.
=These 3 websites have used different colour scheme: H&M Company used black for their headings, white for their background and red colour for their logo, TFL used blue for their logo and headings and white for their background and Barnardo’s Charity used Green for their logos and headings and white for their background.
=Each website used different kind of images where they put in different positions.
=Each website has got different purposes:

-The purpose H&M Company’s website is to encourage people to buy their products through online.

-The purpose of TFL’s website is to provide daily service updates for everyone but on the other hand; their other purpose is also to make money by selling oyster/travel cards through online.

-The purpose of Barnardo’s Charity is to encourage people to help children to change their lives and also to make money by encouraging people to donate and buy their products such as cards, book, etc.

Similarities:

-These 3 websites have the same logo’s position.
-Their menu bars are on the top.
-They also have got the same main purpose this is to make money for their business.


Task 6: 
In this task of assignment I am going to talk 2 different organisations (JustFab UK and Barnardo's Charity) and then, I am going to compare their main job roles and functions.

"JustFab stands for JustFabulous, founded by Don Ressler and Adam Goldenberg and launched in year 2010. It is an online fashion retailer selling; bags, shoes, clothes, jewelries, etc. If you want to join or register you do not have to pay anything."

Aim: JustFab's aim is to be the best online fashion retailer in the UK.

Objective: is to expand their business internationally within 5 years.


"Barnardo's Charity was founded by Thomas Barnardo in year 1867. Barnardos is one of  the popular charities in the UK"

Aim: is to give hope to children who are victims from abuse, poverty, etc. and help them to change their lives and make them always happy to be able forget their pains.

Objectives: is to raise/make profit/money from selling their products though in stores or through online. Also having a fundraising activity for the charity is very helpful to get financial support for children’s needs.

"JustFab and Barnardos have also got same things to be such as both of the organisation want to be successful but they both have different ways to make it happen; JustFab cbe an successful by selling the products through online and the money that they make goes to shareholders but in Barnardos is very different because Barnardos charity make money by selling products through instore, online and donations but the money that they make they put it back in the charity to be able give children’s needs."

Functional Areas Of 2 Different Organisations

JustFab UK
Barnardo's Charity
IT: The IT department of JustFab is one of the important vital functional area for their business because this is the department who is in charged to make sure that their website is working and people are able to make orders.
IT: is the department who make sure that all the computers are working including Bernardos website.
Finance: This is the department who controls the money of the business. Including: payrolls, etc.
Finance: is the department that controls the money that is coming in and out, also the department who calculate the annual budget for their activities.
Human Resources: Is the department who are in charged to hire people who are willing to work for the company and have passion in fashion. 
Human Resources: is the department who provide advices about employee relations and discipline, in charged in trainings (health and safety training), specially hiring and firing staffs.
Marketing:This is the department who is in charged to advertise the products to get customer’s attention and interest.  
Supporter Marketing: is responsible for recruiting new donors to the charity through direct mail, or face-to-face fundraising, telemarketing and also marketing.
Retail: This is the department who are in charged to choose, sells products such as bags, shoes, clothes, jewelleries, etc.
Retail: Barnardo's have over 450 shops in the UK where they sell donated items such as clothes, accessories, books, DVDs & CD, etc. they can make valuable funds each year to change the lifestyle of the children.
Production: This is the department who is responsible to research new things to improve all the products and they are also responsible to keep safe all the products all the time and to ensure that they are in good condition.
Advertising and Communications: this department who communicate to the public to advertise Barnardo’s campaign. It also works through online (Barnardo’s website).
Legal Team: This is the department who does all the legal review for JustFab such as copyright policy , customer issue, etc. 
Children's Services: this is the department who give family support, taking care all the children, keeping them safe from physical and emotional.
Ecommerce: This is the department who are in charged to research on how to improve the customer’s experience. 
Fundraising: is the department who help all the children to keep away from poverty/abuse. 
Logistics and Supply: This is the department who is in charged to ensure that all the products will be place where it meant to be.
Legacies: is the department who deal with all the legacy giving.
Customer Care: This is the department who provide helps, advices and supports to all customers.
Supporters Service: is the department who are responsible for the processing and reconciliation of Barnardo’s voluntary income.

Policy and Research Unit: this department who find different ways to improve the lives of children through influencing public policy and practice.

Tuesday, 30 April 2013

Extension Projects (Task 1,2 and 3)

Task 1: 
In this task of assignment I am going to talk about the benefits of starting your own business. I am also going to give an example of someone who started their own business. (Bill Gates)

Now a days, people have chosen to become self-employed because their jobs are not secured. Therefore, there are a lot of advantages of being self-employed such as:

-Be your own boss which means you can make your own decisions without asking anyone but on the other hand, it also brings its own responsibilities and challenges.

-Making money/profit: Having your own business means you can make money by selling your products or providing services. You should put back some of your profit into your business to survive and the rest you can keep it for yourself. It is your decision how to manage your money; it is either use it to expand your business or merge with other company.

-Create your own success which means your business success is in your hand and it is in your decision; you do not have anyone to blame but yourself, So think twice before you decision and also always be prepared to take the risk.

-Gain new experience in life which means being in business society is a good experience because its improve your self-confident to solve problems which can be your strength too.

All of these are just few examples of being self-employed. Therefore, you need to research about your competitors and make a clear plan for your target market such as: which strategies you may need to encourage customers to buy your products.

Starting up in a business is not easy, but it is challenging for everyone; especially for those people who have passion in business.



Bill Gates is one of examples of successful businessmen in the world, he is the CEO of Microsoft (the largest computer software in the world). He is ranked as the world's wealthiest people from 1995 to 2009; except year 2008 which he was third. In year 2011 he was the wealthiest American and the second wealthiest in the world.

"He didn't have a proper study plan and he also spent plenty of time using the school's facilities such as computers. Bill Gates remained in touch with Paul Allen. Then, the following year they both saw the release of the MITS Altair 88 00 based on the Intel 8080 CPU and both of them saw the chance to start their own computer software company."


Conclusion: Everyone have got opportunity to be successful in life like other successful businessmen/businesswomen, all we need to do is to work hard and be wise.


Task 2: 
In this task of assignment I am going to make a list and explain all the possible benefits for customers and business in developing an online business.

Customer's Benefits:

-Save Time: Customers don’t have to go to the shop, they can just relax at home and go to the company's website where they can make order and within 3-5 working days it will get delivered in their house. This is very convenient for everyone especially for all disabled customers because they do not need to carry heavy shopping bags. All they need to do is to make order through online and wait.

-Able to order anytime: Online shopping are available 24/7 which means you can make orders anytime and anywhere. You do not need to wait in a long queue and waste your time. All you need to do is choose your things that you want to buy and when you checked out you all you need to do is enter your card details and it is done.

-Different type of payment methods: Customers can choose different type of payment methods they can choose paying through Credit/Debit Cards, Payslips, Paypal, etc. It is also  keep your details safe and confidential  especially when you register at online website.

-Discounts: Online websites offer massive discounts. It can be much cheaper buying things online instead of in store products.

Businesses' Benefits:

Having your own website is very convenient for you and for your business because it has 24/7 presence for customers; they can still check and order something anytime from your website. It is also very helpful and useful because you can easily control all the contents of your products such as changing the prices, adding new products, etc.


Task 3: 
I am going to analysis of  three different aspects (Regulations and Laws, Marketing and Sales & Financial Issues) that will affect business.

Regulations and Laws:


Distance Selling Act (DSA): this is one of very well-known policy that have been made in business. The main purpose of the Distance Selling Act is to protect customers’ rights and keep their details safe and confidential   from shopping online or making a contract from distance supplier. This happens when customers don’t meet personally. (Source)

This policy provide customers the right to..

- Get proper and honest information about the products/goods from the supplier.
- An order cancellation period of 7 working days in which means pull out the contract from the supplier/customer.
- Protection of credit card payment which is to avoid identity fraud.


Employees’ Minimum Wage: this law helps the employees to get the right amount of payments from their employers and it helps all the employers to have ideas on how much do they need to pay their employees depending on their ages, working hours, etc. (Source)

The Current National Minimum Wage Rates 

There are currently aged based national minimum wage rates and an apprentice rate, which is always updated every month of October every year. The rates have been applied from 1st October 2012. These are.. 

-21 years old and above: £6.19 per hour
-18 years old to 20 years old: £4.98 per hour
-Under 18 years old: £3.68 per hour
-Apprentices: £2.65 per hour

Partnership: are two or more people own the company and share the risk, cost, profits and business responsibilities. They have equal rights on making decisions. Therefore, partners are both in the risk once the business fails. (Source)

-Business set-up: Each person who involves in this business partnership needs to sign a partnership agreement/contract and also need to register with the Inland Revenue as self-employed.

-Management and raising finance: The people who are involve in this partnership should invest large amount of money for the business and they should also always be ready to face all the problems that they may have, including financial problems.

-Tax and National Insurance: As partners are self-employed, they will be taxed based on their profit share. Each of them needs to pay fixed-rate Class 2 National Insurance contributions (NICs) and Class 4 NICs.

-Profits: Partners share the money they gained.



Private Limited Company: Control and own by directors and shareholder. If the business fails, they only loose the money they invested and they are not responsible for any debts of the company. The worst part is they can't sell their shares to the public (stock exchange). (Source)

-Business Set-up: Private Limited Company must be legally registered (incorporated) at Companies House.

-Management and Finance: Board of directors or shareholders, depends who is the majority make the management decisions. Finance comes from shareholders, borrowing and retained profits.

*Public Limited Companies raise money by selling shares on the stock market, but private limited companies cannot.

-Profits: Their profits are divided to shareholders.

-Tax and National Insurance: The company pays the corporation tax and must make an annual return to the Inland Revenue.

*Company directors are employees of the company and they should pay Class 1 NI contributions as well as income tax on their salaries. 


Payment of Taxes: Any business should go to HM Revenue & Customs (HMRC) to enquire about being self-employed. (Source)

There are two different types of corporation taxes rates that business should pay on time with the right amount. These are:
- Small company business rate of 19% on profits of £0 to £300,000
- Main rate of 30% of profits over £11.5 million

Income Tax: As a sole trader they will need to submit an annual self-assessment form to the Inland Revenue and keep accurate and up-to-date records of all business transactions and accounts. They will also need to pay income tax and National Insurance contribution any on profits. Losses can be offset against tax on other income.

National Insurance: The contributions are collected by HMRC from employed people and are linked to contributory benefits such as the state pension. There are various classes of contributions payable over a certain earnings which can affect the entitlement to benefits at later stage.

Marketing and Sales

Online Marketing Campaign: There are a lot of different ways for marketing online such as Social Networks: It is very effective way to advertise your business and your products too because the adverts fee is very cheap and it is tailored and the targeted marketing is very specify this is very effective and efficient to use because it saves your time and money. Joining in social networks doesn't cost you anything; it is free to make your own profile/page.

Adverts in a Major Newspaper: This is another way to advertise the business you may catch a lot of peoples’ attention but on the other hand this kind of advert may cost you a lot of money it may be expensive or not depending the size you want; it should be eye-catching but simple. 

How to encourage repeat customer? (Source)

Business can be successful because of repeated sales or repeated customers to make it happens you must be devoted to your customers, making them come to you than other businesses that might offer the same service or products of yours. Make sure you stand out and you offer something more or different to set you apart from your other competitor, it maybe by your great customer service, competitive prices range or quality of your products or service.

You can offer them loyalty card by giving them good discount every time they spend more £75 buying your product or they can also collect points that they can use in the future to get extra discount when they purchase stuff, this might help you to encourage them to keep them coming back and even expand the number of customers with the word of mouth referral.

Make sure to have a good business reputation, so you can attract and encourage customer to buy your products and the most important is that your employees should be also polite, friendly and always willing to help. Gain your customers trust is very important and also make sure you do satisfaction survey/check to all the customers to make sure that they are happy with your products or service and if they have any problem don’t get scared, be polite and try to be friendly and  ask them if is it everything alright or what/how can you help them?

What I would do if sales were low?

If the business sales are low, there’s might be something going wrong with the products/goods or services. Business may need some changes on advertising or new different marketing strategy.

At the moment, I am going to research every detail that can possible affects the business. I am also going to research about my competitors in that way I can get ideas on how to improve the products/sells or services that I provide. I think I should try online marketing, because now a days a lot of people do online shopping, I can also do some offers such us 30% discount on selected items or buy 1 get 1 half price. Therefore, the most important thing is I will try to reduce my costs as possible as I can.

Financial Issues

Borrowing money from family and friends: This is a good way of getting money because you don’t need to pay them straight away. You only need to pay them when you are ready; when you have your money and when you pay them back you don’t pay extra which means no interest. Therefore, the money that you borrowed from your family can also invest in your business if they want to be part of your business and it can be a successful business but on the other hand, they can be very disappointed and they may think that they just threw their money once the business fails.

-Borrowing money from the bank: When you borrow from the bank they ask you a lot of requirements that you may need to present to see if you are able to pay them back when they give you the money. However, you will have to pay the bank monthly and the worst part is paying them back with interest.  They will also ask you to give them a copy of your business plan so, they know where or in what will you spend your money. This this is a good thing for some reason because once they grant your request, you have the chance to change your lifestyle and your future.

-Costs greater than profits: Meaning of this is that you can be in debts and you might not be able to cover your next operating cost (for stock and other monthly costs). To ensure that you balance this out you should increase the number of sales and research about your other business competitor and start doing some changes that will help you to improve your business for better.

-Not maintaining accurate financial records: for not maintaining accurate financial records could possible affects your business because of all inaccurate figures; if your business costs aren't calculated properly you may lose money and the risk that you won’t have enough sales to cover up and because of the wrong calculation of profits you won’t able to do your break-even which means, will cause you in trouble.

The financial report/record is very important to see if your business is doing better or not and also to get information about your yearly cost budget.









Saturday, 27 April 2013

Unit 4 (P3) Job Description and Person Specification


Task 2C) 

"Introduction"
In this task I am going to make a job advert for my business (A's Fashion Clothing) this will include the job description and the person specification of Sales Assistant/Cashier

A’s Fashion Clothing is looking for someone who can work in retail as a full time (40 hours a week) or casual £6.10 per hour as a Sales Assistant/Cashier. Working hour is flexible to suit you; we are open 24/7 from 9:00 am to 9:00 pm.
If you get through our interview, we will call you for your trial training shift to see the way you work and get the chance to gain new experience working with us and maybe after few days we will call you back or send you an e-mail to discuss if you get the job or not. Therefore, the decision is still yours.
Job description:
The purpose of working with us is to provide the highest standards of customer service at all times, this will help us to ensure that we always do the right things to provide what customer’s wants, needs and expectations from us. The main responsibilities and duties for this role will include, help customers in a polite and friendly manner, ensure the clothes are well displayed (an organised shop is a happy shop) and keep the shop floor clean and tidy. Other duties will include cashiering, handling payments and arrange orders and deliveries.
It is very important that applicants are:

-Friendly and Polite
-Cheerful
-Punctual
-Hardworking
-Patient
-Organised (Neat and tidy in appearance)
-Customer Focus
-Always willing to help to everyone.

“You must speak English formal, clearly and have got the permit to work legally in the UK.”

Benefits from A's Fashion Clothing:

A’s Fashion Clothing offers to all hardworking and deserving members to gain new experience and get the chance to achieve higher position in the future. Being part of A’s Fashion Clothing we provide holiday pay, free uniforms and free meals everyday and also we give 50% discount to all employees when they buy clothes from A’s Fashion Clothing.

Person Specification:



Desirable

Essential

Qualification

Finished/still studying business in College or University.



Finished Secondary School
with at least Grade C in English and Maths.


Skills and Abilities

Punctual.

Hard working.

Helpful.

Polite and friendly.

Fluent English speaking with good communication skills.

Has got good ICT and numeracy skills.

Can work as a team.
Organised and attention to details.


Experience

Previously worked as a sales assistant/cashier before.











What are you waiting for? Apply now!



Please contact us as soon as possible:

Tel: 0208-176-8905
Send and attached your CV and Cover Letter at E-mail: Asclothing@info.co.uk

Monday, 22 April 2013

Personal Swot Analysis

 "My Personal SWOT Analysis"

In this chapter of  assignment, I am going to define my personal strenghts, weaknesses, opportunities and threats.

 
Strengths (Internal):
-I am an organised person, I always meet my deadlines. I am also cheerful, bubbly and a hardworking person.
-I am good at ICT and Numeracy.
-I have got a job (at the moment, I am working as a F&B assistant in a 4 star hotel).
-I can speak Spanish fluently (It is my first language).
Weaknesses (Internal):
-English is not my first language.
-I am shy (I often socialize with other people).
-I don't have self-confidence (Sometimes, I am not confident to make my own decisions).
Opportunities:
-To go to University to study Business and Administration/Management. (after my 1 year business access course this coming September). 
-Get an apprentice to work for another company.
-Get a better part time job and wage .
-Gain more knowledges from my classmates/colleagues from work.
Threats:
-My progression to an access course (I need to get high grades and pass all my exams).
-People are more qualified and have more experience.
-People are more confident.
-Lack of work experience.

3B) In this task I am going to match skills and abilities to 2 job opportunities (Essential/Desirable).

"Retail Sales Supervisor"

Job Description: According to this website (http://www.bauschke.com/download/Retail%20Sales%20Supervisor.pdf).


The The Retail Sales Supervisor is in charge for supervising the daily activities and productivity of the Retails Sales Team, including: ensuring retail sales is complying with high service standards, sales goals and meeting all the strategic objectives. 

Retail Sales Supervisor's duties are:

-Coaching.
-Assessing Performance.
-Improving team member skill levels.
-Tracking and reporting productivity.
-Manages multiple tasks.

The complete job description covers the following topics:

-Essential duties and responsibilities.
-Supervisory responsibilities.
-Performance standards.
-Qualification requirements.
-Education and Experience.
-Language and Numeracy Skills.
-Reasoning Ability.
-Physical Demands.
-Work Environment.

After I read the job description of Retail Sales Supervisor I can say that I can do and manage to work as a Retail Sales Supervisor because I am confident, hardworking and fast learner person and  at the moment I may be working as a F&B Assistant and it might be nothing to do in retail but I can still apply my experiences in this job and in my opinion they are both the same because they have the same target which is to provide high service standards to customers and deliver great results

At the moment, I am studying Business at Westminster Kingsway. I can use and apply the knowledge that I learned from college and this will help to learn how to face all the responsibilities with confidence. I also have got English Language which can help me to communicate with other staffs and Numeracy Skills to help me tracking and make productivity reports.


"F&B Supervisor"



A F&B Supervisor attends to customer complaints or issues, resolving matters as expediently as possible. Supervisors also oversee food preparation, storage and dining areas, ensuring that the facility remains in compliance with safety regulation and health codes. A F&B Supervisor performs the duties of a human resources manager, recruiting, hiring, training and terminating staff members.


Performance management and disciplinary actions are administered as required. Supervisors also schedule employees for work. They also maintain employee records, payroll and benefits. Also, the management of incoming funds and accounts payable are often responsibility of the F&B Supervisor.

At the moment, I am working as a F&B Assistant at The Cavendish Hotel. My duties are:  serving customers, handle their queries, handling payments, etc. Since I start working at the hotel I gained a lot of experience and learned a lot of knowledge about hospitality. This kind of things will help me in the future to achieve higher position as a F&B Supervisor. All I need to do is to be patient and always work hard.

3C) I am going to talk about my career development plan; the step to my dream job/career.

At the moment, I am a full time student. I am studying business at Westminster Kingsway College, it is from Monday to Wednesday. I am a hardworking, friendly, punctual, cheerful, reliable and trustworthy person. I am able to work with other people and adapt quickly to a new environment and have an ability to learn new skills.

My skills are I am good at ICT, I can use Microsoft Software (Excel, word, PowerPoint, etc) and I am also good at numeracy. I can speak 3 languages; Spanish, English and Tagalog (Philippine Language).


I am also working as a part timer at The Cavendish Hotel, it is from Thursday to Sunday. I have been working at the hotel for 1 year and 7 months and I am really enjoying it because I am gaining new experience learn new skills such as being confident handling guests complaints. This kind of things will help me in the future.

I am looking forward to go to study Business and Finance in the University, but to make it happen there are few steps that I need to go through.


1. To pass my level 2 and access course.

2. To pass all my functional skills exams with good marks.
3. Gain more experience and knowledge from University and at work place.
4. To get merits or distinction.

Maybe after 5-8 years, when I finished my master degree in the University and I finally received my diploma, I have more opportunities to get a proper job and I also have the chance to get promoted into higher position and can able to save some money and later I will run my own business because I can say that as long as determined, hardworking and patient I will become a successful business woman in the future. 


3D) Evaluation. In this task I am going to talk about the Benefits of Online Marketing to the business and customers.

Forms of Online Marketing:

-Social Networks
-E-mails
-Adverts on sites
-Websites

Social Networks: Is very effective way to advertise your business and your products too because the adverts fee is very cheap and it is tailored and the targeted marketing is very specify this is very effective and efficient to use because it saves your time and money. Joining in social networks don't cost you anything; it is free to make your on profile/page.

E-mails: Sending e-mails to customers doesn't cost anything you just need time to do it. Therefore, this is the easiest and quickest way to keep in contact with customers and makes it easy for customers to check the new products of your business.

Adverts on sites: It is very similar to social networks but you just need to pay small amount of money to advertise your products/business. One of the famous way to use is Pay-per-click; google is one of the example, this can be very expensive but it can be also cheap depends on what they've  agreed.

Websites: Having your own website is very convenient for you and for your business because it has 24/7 presence for customers; they can still check and order something anytime from your website. It is also very helpful and useful because you can control all the contents of your products such as changing the prices, adding new products, etc.

SWOT Analysis of A's Fashion Clothing

"A's Fashion Clothing"

-SWOT Analysis and Critical Success Factors:
In this unit of assignment I am going to analyze my business via SWOT (Strengths Weaknesses Opportunities and Threats) Analysis.

Strengths (Internal):
•I have passion in fashion (clothing).
•I have enough money to open a new business.
•Another strength of my business would be if my factory manufacture and produce good quality clothing this may satisfy customers and there would be a chance that they will tell others about my products and this will help my business to get more customers and this might be the start to get a good reputation/image of my own business.
Weaknesses (Internal):
•I don't have any experience running a business.
•Time: It will takes time to finish and produce all my products.
•High rent, when I pay high rent the less chance I gain profits.
•Another weakness of my business is when I decided to expand and when my business starts getting bigger, is the harder to maintain quality control. The more of each product I produce, there will be some clothing that is damaged through the process of production and if it gets in the hands of a customer they might complain and spread the word that the quality of my clothes are not that great as they expect.
Opportunities (External):
•I might do Products offers (student discounts, buy one get one 1/2 price).
•Another business opportunity is that my business may get a chance to network with other business people and get the chance to expand the business to other places/countries it could be nationwide or worldwide.
Threats (External):
•Competitions with other brands this include the prices of my products, it should be the right price of each clothes to encourage people to buy my clothes.
•Location: I have to be careful and think wisely where to open my business. I must choose the place where the population is big and the rent is low.
•Legal changes make it hard for me to open a new business.
•Business Failure: I may be bankrupt and ends up losing all my savings.