Business Planning Flashcards
Please can you give me a list of different business plans?
S.D.O.C
- Strategic
- departmental
- Operational
- Corporate
Please can you provide the elements of a Business plan?
- Executive summary
- Company description
- Market analysis/research
- Companies organisational & management chart
- Outline of services
- Financial projections
Please can you provide examples of financial benchmarking techniques?
- internal cost data
- Spons
- BCIS
Are you aware of some of the aims highlighted in the RICS 2021-22 business plan?
- Continue to support the profession as economies recover from Covid-19, and seek to minimise any increase in fees subscription.
- Maintain and increase a demand for RICS qualifications with a goal to ensure RICS qualifications remain relevant
What is a SWOT analysis?
- Strategic planning method used to evaluate
Strengths
Weaknesses
Opportunities
Threats
How do you/your company ensure you are making a profit?
- Resource planners
- recorded timesheets
- team meetings
- performance reviews
- project reviews
Can you provide an example of financial benchmarking techniques?
- In house cost data
- SPONS
- BCIS
- RICS published data
How do you think an up to date business plan can help an organisation in the current economic climate?
- Help secure additional funding
- Help gain new clients
- Focus on the business priorities
What are your organisations overall business plan and objectives?
- Strategic growth
- £100m turnover in the next 2 years
- Plan to grow through additional acquisitions
- continue to recruit competent staff
What are some of your organisations long term and short term goals?
Long term: £100m turnover in 2 years
Short term:
- Retain good client relationships
- referrals
- High quality services
- Hitting monthly targets
What are your organisations marketing strategies?
- Obtain frameworks from public sector clients
- Looking for new opportunities in all sectors
