1. I think the following make a business successful:
What makes a business successful?
I think the following make a business successful:
A product or service that customers want
A product or service you can sell at a price customers can afford
Being able to make a profit
Using the knowledge and skill you have
Gaining skill and expertise to use benefit the business
Resources and money you are able to invest

2. Research four different businesses in the local area
Research four different businesses in the local area. Describe the businesses and the features that make them successful (a feature is a distinctive characteristic of a good or service that sets it apart from similar items)?
Primark: Primark is a large clothes retail store which has many locations around the UK. Its main feature is it sells high end fashion at low prices to its customers.
My Cafe:.....
My Car garage:.....
My Supermarket:.....
My Newsagents:

3. You need to select two of the previous businesses and identify the similarities and differences. Also, identify the features, strengths and weaknesses. Use the table below:
Primark
Kwik Fit
Features
Sells female and male clothes at low prices.
Sells products for cars and also provides a service for car maintenance.
Strengths
Achieving economies of scale.
High market share.
Flexibility of production.
Distribution network.
Brand reputation.
Employee skills
Weaknesses
Poor relationships with your employees.
Manager inexperience.
Weak or unrecognizable image.
Weak or unrecognizable brand.
Marketing failing to meet objectives.
Low innovative skills.
Similarities/Differences
Both are large popular companies across the united kingdom which sell products. However, Kwik fit also provide a service and are known to be one of the more expensive car garages. Whereas, Primark are know to be one of the more affordable clothes retailers.

4. list of different business ideas suitable for your local area
list of different business ideas suitable for your local area. Each idea should include information on:
The product/service
Its features and benefits
Why is there a demand
The target customers
Competition
How would you market it
Resources needed (equipment, skills & expertise)
Are there legal aspects that need to be considered

5. Select one of your ideas and provide a full explanation of how that idea will meet the needs of the targeted customers. You need to then explain why you think the idea is likely to succeed in relation to similar business.

6. Useful Websites http://www.entrepreneur.com/article/200730