Business planning

Question 1

Talk me through the typical headings that you would expect to see within a company’s business plan.

Answer 1

Financial goals, market/competitor analysis, SWOT Analysis, services on offer, company values

Question 2

Tell me about your involvement within VW with business planning ?

Answer 2

Growing green, BD initiatives

Question 3

What is SWOT analysis?

Answer 3

Strengths weaknesses opportunities and threats

Question 4

What are the different vehicles/types of business?

Answer 4

Sole Practitioner, partnership, limited co and PLC

Question 5

What is the Modern Slavery Act 2015?

Answer 5

legislation to combat modern slavery- includes whistle blowing, training and corporate social responsibility.

Question 6

What is the purpose of forecasting?

Answer 6

To ensure you hit minimum profit margin and can help plan new business ventures

Question 7

What are some different methods of financial planning?

Answer 7

Budgets, forecasting, cash flows and financial controls

Question 8

What are KPIs?

Answer 8

key performance indicator- a quantifiable measure of performance.

Client Retention
customer satisfaction
Profit margin