Business Planning Flashcards
What is a business plan
“Document that sets out business objectives for a period of time
financial, expansion etc”
What would be included in a business plan
"Exec summary Company background Strategy Objectives Target markets Financial projection"
What is included in your business update
“It provides a look ahead
new clients, frameworks etc
Allows management opportunity to let us know of progress in last 6 months”
What is a SWOT analysis
“It is an analysis tool
Strengths - agile (SME), financial stable (A rated), Independent
Weaknesses - Lack of critical mass, Ability to win private sector works, Brand identity
Opportunities - Increase private sector works, develop service offerings (PD,PM)
Threats - Staff retentions, skills shortage”
What are you companies short and long terms goals
“Grow revenue by 15%
Reduce overheads
Increase margin by 1%
Expand across the UK
Manage and maintain industry reputation “
What is a PESTLE
“another analysis tool
Political Economic Social Technological Legal Environmental"
