Business Planning Flashcards
1
Q
What is a business plan?
A
Document that summarises the operational and financial objectives of a company.
- likely timescale is 3-5 years.
2
Q
What is included in a business plan?
A
- Exec summary
- financial forecast
- management team and personnel
- mission statement
- training plans
- SWOT analysis
3
Q
What are the types of business plan?
A
Strategic - long term
Operational - day to day running
Tactical - helps achieve strategic
Contingency - plan for unforeseen event
4
Q
What is your companies business plan?
A
- increase staff size
- increase turnover
- move into new sectors
- new office
5
Q
What are your company’s strategic objectives?
A
- digital (use BIM effectively)
- carbon (continue to be carbon neutral and promote this on projects)
6
Q
What is the RICS business plan goals
A
- Trusted by stakeholders
- increase RICS membership
- involved and engaged members
- Sustainable 21st century body
7
Q
What is the RICS key objectives?
A
- improving stakeholder trust and confidence
- increase diversity in RICS members
- build engagement with members
- Strong renewal of memberships
8
Q
What should you consider if starting a business?
A
- Advise the RICS
- create a business plan
- create H&S policy
- register with companies house
- set up a complaints handling procedure.
- correct insurances are in place:
1. Public indemnity
2. Run off cover
3. Public liability
