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= __Business E-Portolio__ = = =  The business Smooths is an ironing service. It creates wealth by paying for the electricity, water, rent ect. and selling the time taken to iron cloths for more than the combined costs. Smooths currently employs between 3-5 people depending on the number of bags of ironing to be done. The business was set up because Ann O’Connor, the owner felt that her previous job was boring and had always wanted to start up her own business. Smooths is a sole trader, this means that it is owned by only 1 person, although she employs a few other people to work for her. This means that she makes all the decisions and gets all the profits. This however, is a double edged sword. The success sits completely on her shoulders, if she makes bad choices the business would fail, also if wrong decision is made her profits would be damaged and unlike her staff she would make less money. If things go really bad, because she is a sole trader she could loss absolutely everything this is called unlimited liability. Smooths is in the tertiary sector like most British businesses nowadays. This is because she provides a service. The main business objective of Smooths is to service provision, this is because as an iron business if the cloths are not done to high standard then customers will not come back and she will lose business. Her second objective is to survive, this means that she may have to cut profits and not try to get bigger so that she will not go bust and could go on and make, if not as much some money. This seams to be working as smooths is currently moving into its 3rd successful year. Throughout the life of smooths it has been a member of the “federation of small businesses”. This allows it to receive benefits that would have been unattainable without the support of the F.S.B. = = []