This week was focused on adding to our already existing businesses plants to achieve high marks. We looked into referencing and was research we would need to explain and back up why we would want to do certain decisions.
With my simply do platform, I knew I needed to research into why I would want to set up an online business instead of a shop etc. For the research I looked into the way were the main ways people shopped and where were the most popular shopping centres to weigh it out.
With my research I also looked into costing as this was quite challenging for me. I decided to look into factory costs, website costing, ad costs etc to create a gross profit sheet and a profit loss sheet. Creating these sheets definitely helped me to see what a real life business would cost me and how much I could profit.
