Business Planning

Question 1

What is a business plan?

Answer 1

A document that defines the business objectives and suggests steps to be taken to realise the business strategy over the next 3 years.

Components of a Business Plan:
* Division of the business into service type or client segment
* Financial performance targets
* Plan business opportunities and allocate staff resource
* Budgeting and cash forecasting money in vs. money out to understand what you can afford to pay because you estimate what you will earn
* Plan business opportunities, identify the resource required.

Question 2

What are the business objectives of your company?

Answer 2

Mace’s Purpose is to redefine the boundaries of ambition.
Business goals are:.

• 20% growth in margin each year
• 10% year on year reduction in emissions
• 85% Client satisfaction score by 2026
• 3.5% R&D investment by 2026
• Grow the business to 8000 employees

Question 3

What are Mace’s goals?

Answer 3

• Become a leading global contributor to reducing carbon in the built environment
• Invest in digital, new technologies and the skills we need to transform how we build and operate on behalf of our clients
• Expand our business across the globe into target markets
• Become the most inclusive employer of choice in our industry

Question 4

How do you contribute to your employer’s business strategy and goals?

Answer 4

By making sure to deliver the best service possible, delivering on my scope of services.
Looking to engage with clients to promote the profession, and my companies business.
By cross-selling alternative services
By suggesting and pushing the sustainability agenda on all my projects