Business Planning

Question 1

What is a SWOT analysis?

Answer 1

Can be used to analyse internal strengths and weaknesses and external threats and opportunities.

Question 2

What is a PESTE analysis?

Answer 2

Structured method of analysing the key factors influencing market conditions.
Influences:

Political
Economical
Socio-demographical
Technological
Environmental

Question 3

What is a Business Plan?

Answer 3

Formal statement of a business’s goals with reasons why they ought to be attainable and the plan for reaching them.

Question 4

How do you contribute to your company’s goals?

Answer 4

• Focus on safety
• Maintain a high quality of work
• Share knowledge
• Keep up with new technologies
• Support new and junior team members

Question 5

How can an up to date business plan help a firm?

Answer 5

• Assist is gaining additional investment, funding or finance.
• Focus on key priorities
• Respond to change
• Budgeting and setting targets

Question 6

What is contained in a business plan?

Answer 6

• Executive summary
• Company description
• Products and services
• Market analysis
• Marketing strategy
• Financials and budgets
• Vision/goals

Question 7

What is your firm’s current strategy and objectives?

Answer 7

Sustainable and profitable growth across all our services by strengthening relationships with existing and new clients, cross selling proactively and working more efficiently as individuals and teams.

5 year vision
Turnover of £6m providing growth of approximately 10% YOY with a target of 12% profit each year.

Question 8

What is your firm’s mission statement?

Answer 8

To put people and quality at the heart of everything we do, fuelling our growth as the leading property consultancy in the South West through investment in our team members and clients.

We have 4 core values:
1. Integrity - honest, open and straightforward
2. Reliability - clients can count on us to deliver
3. Dedication - to be the best at what we do
4. Initiative - anticipate client needs