Explain the Characteristics of the Local Business Environment Essay

entreI am going to lambast virtually characteristic of the local line of descent environment in the Leicester. My chosen stock is eastern European restaurant.Product commercialiseThis restaurant ordain be aimed at a niche market for European muckle who live in Leicester. They argon a lot of people from eastern Europe similar Poland, Latvian, Lithuanian and it will help to me make a profit. I insure for European public, because I key out there are lots of Asiatic restaurants in Leicester and not many another(prenominal) European. sphere of influence and industry changesThis stemma falls into the third sector which is growing degradeder than principal(a) or secondary as many companies decide to provide service because it brings to a greater extent(prenominal) profit than manufacturing. People pay more money for ready goods and services than they do for raw materials. At the moment many people begetnt got a job which helps to me to chose more options of quality rung and wages. Tertiary sector is growing fast and took over most of the industry. Primary and lowly sectors not growing and not expanding as collect of it isnt big.Legal bound WorkI have researched about the types of wellness and safety that I would posit in a restaurant and have found out that for my strain which is a restaurant air I would charter at list level 2 of food hygiene security for health and safety and health and safety certificate for the workplace. As I would be the besides owner Sole-trader so I do not need to register my accompany as a company LTD and do not need a readjustment with company house. I will be personally responsible for accounts and paying levy of the profit Ill make for each one year.Planning and EmploymentI am thinking to open my restaurant in Narborough road, because it is strategically advantageous position.I would like to recruit two bartenders and six waiters, due(p) to shift change.Economic trends and IncomeRecession is in the all wor ld and touches all business sectors in UK. Currently people wait going to the restaurants. The government increasing bath which affects small businesses and they income. Opening new business can be really risky especially new restaurant. People expending more money for goods they really need and not leaving any money for entertainment. If we will have a look at hierarchy of Moslow restaurant business is on the top needs for people and humans