1. In 1992, two friends spent a winter skiing in the Alps
In 1992, two friends spent a winter skiing in the Alps. To make some money, they started designing and selling T-shirts. One of the friends travelled regularly to and from London. He took the designs to manufacturers in London and brought the finished T-shirts back to the skiing resort. They did this for two years, then opened their first shop in London, called Fat Face. Now there are more than 100 Fat Face shops, selling mainly to young people who want to look sporty and fashionable. It has grown into a large and profitable limited company.
Identify two problems any business is likely to face when starting up. i.
Raising enough finance
ii.
Raising the capital to expand
iii.
Meeting the costs of starting an unlimited company
iv.
Coping with problems caused by falling interest rates v.
Identifying a profitable gap in the market
vi.
Coping with high demand during a recession
vii.
Keeping the value added low enough to survive

2. In 1992, two friends spent a winter skiing in the Alps
In 1992, two friends spent a winter skiing in the Alps. To make some money, they started designing and selling T-shirts. One of the friends travelled regularly to and from London. He took the designs to manufacturers in London and brought the finished T-shirts back to the skiing resort. They did this for two years, then opened their first shop in London, called Fat Face. Now there are more than 100 Fat Face shops, selling mainly to young people who want to look sporty and fashionable. It has grown into a large and profitable limited company.
Identify two problems any business is likely to face when starting up. i.
Raising enough finance
ii.
Raising the capital to expand
iii.
Meeting the costs of starting an unlimited company
iv.
Coping with problems caused by falling interest rates v.
Identifying a profitable gap in the market
vi.
Coping with high demand during a recession
vii.
Keeping the value added low enough to survive