Criteria A – Inquiring & Analysing

Part B:

B. Plan a business and explain the following:

i. Purpose of your Business
ii. Levels of Management
iii. Type of Business
iv. Explain your business and profit/loss
v. How can a database help your business

The type of business I have chosen to undertake the process of a database is ‘Architectural
designing’.

The purpose of a business is to present expenses of the product and services to the
customers, who value the product with equivalents of cash. Successful businesses most
certainly receive the money than, fund a minimum amount of money towards the
functioning business so, the business could be operating smoothly and provide purposeful
needs for lifetime. After employees have received their dedicated salary then, at the
process, any excess or extra money with instantly be funded within the business so, future
investments or future needs and security could be funded. The proprietor should constantly
control and operate the business, with reliable databases. Management of the business is
extremely important. If a business dedicates organisation and self-management to manage
a business than, potentially will be on the top level of receiving customers. A successful
business and reliable business should consistently think realistically and critically when, it
comes to profit and loss.

Part A:
Justification of 5 Reasons why your business needs a good database?

1. Centralised System
2. Organised management of human resources (HR) matters
3. Managing customers data and relationships
4. Efficient inventory tracking
5. Planning for growth

Centralised System: If your self-determined business is exceptionally expanding and you

have dedicated staff to help develop your business, observance of the increasing number of
data could be difficult and time consuming. A well developed and highly maintained
database could help manage and organise accumulation of your business, critical data
centrally, safely and securely. In any occasion you need to chance of success.

Organised management of human resources (HR) matters: Applying a human resource to

manage staff records could be less time consuming and which, the business could save
extra money. It most certainly could streamline majority of the human resource
requirements, automate routine professions and accelerate the processing of data, for
example, staff required times, leave, benefits, payroll and etc. This could give you more
allowance to more often focus on developing your business.

Managing customers data and relationships: If clients or customers are the purpose of
your business, which than a communicative customer relationship management database
which, should be highly considered, for future growth plans. Fully modernised and
featured databases consistently authoritative enough to store and process everything
required, such as, client contact details, interaction history and accounts, to developed
prospects, leads and business opportunities. Some highly advanced database technologies
and systems help your business run efficiently and indicate marketing campaigns, for
example, email newspapers.

Efficient inventory tracking: Management of a business’s inventory could occasionally

have the feeling of a balancing act. It’s tranquil to contain acceptable number of products.
If your products are convening on selves than, there’s a major risk of wastage o the
product or, if your product is displayed in little amounts then, the customers would be
disappointed, and you’ll effect your reputation towards your dedicated occupation. If a
specialist or business owner is tracking the inventory manually, it would be possible to
easily miscount, compose data entry miscalculation or disorganise spreadsheets and
annotations. By a business’s suggestions. Exploiting an inventory tracking database,
specifically the modernised computerised data intersections and also, universal product
code scanning devise. There are several strategies especially avoid those deliberate risks
minimisations of lost sales while, self-developed businesses could have the opportunity to
maximise their growth.

Planning for growth: Majority of businesses contain some sort of conformation relating to
reporting proficiency which is from analysing assimilated data and productive tracking
mechanism’s so, to prognosticate future tendency’s client’s requirements. If a particular
business is scheduling and planning a procedure for increasing their growth within their
business, a prosperous database system could be the foundation of your business and
valuable resource.

Advantages of Databases for Any Type of Business:

1. Ability to store large amounts of information
2. Sharing information
3. Having quick access to information
4. Eliminating duplications
5. Increasing productivity
6. Reducing storage space
7. Information security
8. Easy maintenance

Bibliography:
5 reasons why your business needs a good database
nibusinessinfo.co.uk. (2015). 5 reasons why your business needs a good database. [online]
Available at: https://www.nibusinessinfo.co.uk/content/5-reasons-why-your-business-needs-
good-database [Accessed 9 Nov. 2019].

Written By: Showaib Sarwary Yr10