Explain the characteristics of the local business environment Essay Example
1-The key area in Kentish town is the high street. This is where it is always busy and also where the tourists are attracted to. On the high street there are a number of different types of shops selling things like clothes and toys. Also food stalls and furniture shops for household goods are on Kentish town high street.
2-Kentish town has transport links mainly trains and buses, the bus routes as such as 134, 24, 214 and the C2 go to Kentish town. The northern line train stops at Kentish town and the over ground also at Kentish town/west station.
3-The types of business in Kentish town are; the supermarkets (Sainsburys and Costcutter) , banks like Lloyds and Barclays, independent food specialists for example; Earths Natural Foods and Harry’s fine f
...oods, historic buildings like Kentish town baths and The Assembly, the industrial businesses are Asphaltic Roofing Supplies and UPS, the media related companies are Autograph Sound and Ten Alps, the local amenities for example Kentish Town Health Centre and The library , the leisure facilities as such as Talacre Sports centre and Kentish Town sports centre and finally restaurants like Bull and Last and Kentish Canteen. The industrial sector is bigger in Kentish town rather then the rest of the Camden borough.
4-The population level in Kentish town is normally high due to the tourist attractions near by, the high street and the train station. The family income in Kentish town is high, interest in current affairs in Kentish town is very high, housing with mortgage is low in the area of Kentish town mainly as it is very
expensive in the borough of Camden, and the level of people educated to degree in Kentish town is very high also. There are higher unemployment figures than the Camden average. also there is a high number of households with no parents working and high number of residents of working age, with no experience and no employment.
5-Kentish town was in decline, due to the recession effecting small business in the area, the government funding for new developments such as Kentish town sports centre is set to continue, therefore Kentish town is now in growth, improvements to parks and streets are going to be made, London borough’s average is 8.5%. The population in the borough of Camden is set to grow by 13% by 2026, and the employment in Camden is also set to grow by more than 33,000 jobs in 2016.
6-Business in Kentish town face legal issues for example; planning applications, pollution control and street trading. Planning applications- if you are planning to develop your business premises or convert your home to allow you to work from home you will need to have planning permission. Also by law you are required to notify the council of any changes that are being made to properties. Substancial building works will need planning permission also.
Pollution control-businesses are required to adhere top regulations, which control the impacts of these activities on the environment.
Street trading-to be able to trade at a street market or and individual street trading site, you must have a licence from the Camden council. Also a fee determined by Camden council. Then you are able to trade at street
markets or Individual Street trading sites.
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