Bowton Spice Bazaar Section 1 - Introduction

GCSE OCR BUSINESS A293

Lesson Objectives

• Be able to discuss the reasons that Chloe’s restaurant shut

• Be able to discuss the reasons behind the poor cash flow at her restaurant

• Be able to discuss Ade and his strengths and weaknesses

Chloe Seaton

• This is Chloe Seaton.

• She ran a restaurant in Bowton

• In December 2011 she had to close the restaurant because of poor cash flow. This was not the only reason...

Why did the restaurant close?

• There were indicators that the UK economy was in recession and consumer confidence was weak

• Team Discussions

1. What is recession?

2. What is consumer confidence?

3. Why would these factors mean that Chloe would have to close her business?

• Unemployment in the town has risen.

• Video on unemployment

Why did the restaurant close?

Create a mindmap of all the effects that

unemployment will have on people of the town of

Bowton.

Online Mindmap maker

• VAT had been raised by 2.5% to 20% in January 2011

• If a meal cost £25.00 what would be the VAT at 17.5% and what would be the VAT at 20%

• Now imagine she serves 100 meals a day 6 days a week. What is the difference?

Why did the restaurant close?

• World food prices were rising

• What kind of day-to-day supplies would a restaurant use. Can you draw up a list?

• How much of this list would be imported goods (worldwide)?

Why did the restaurant close?

• The population in Bowton fell as people who had arrived from Eastern Europe began to return home

• Video about EU migrants returning home

• Video about Polish Migrants and why they are going home

Why did the restaurant close?

Discussion pointWhy would this have

affected Chloe’s restaurant?

WHAT DID CHLOE DO AFTER HER RESTAURANT CLOSED?

Chloe starts the BSB

• Chloe and her friend Ade Kundele started the Bowton Spice Bazaar

Where did the idea come from to start BSB?

• Chloe had developed an interest in spices when she travelled the world after leaving University.

Was this a good way to find an idea for a

business?

Short video about a spice market

Chloe and spices

• Chloe had always experimented with spices when developing dishes in the restaurant

• She believed there was a market to import spices, roast and blend them and sell them

• Even though there were many similar businesses in the UK

• Schwarz Case study PDF

Do you think she was right?

What about Ade?

• Ade had experience as a production Manager in a factory which made caravans.

• Start a sheet of pros and cons of Ade’s skills in the new business

Lesson Objectives

• Are you able to discuss the reasons that Chloe’s restaurant shut?

• Are you able to discuss the reasons behind the poor cash flow at her restaurant?

• Are you able to discuss Ade and his strengths and weaknesses?

BySarah Hilton

@revisionstation2013

www.revisionstation.co.uk