Business Planning

Question 1

Contents of a business plan

Answer 1

– Executive Summary
– Marketing and sales strategy (current & target position)
– Management and personnel (current & target)
– Finance and operations

Question 2

How does your role contribute to the achievement of your organisation’s objectives?

Answer 2

– Delivering projects
– Providing a high standard of service
– Maintaining good client relationships and starting new ones

Question 3

How do you ensure a profit as a business?

Answer 3

– Timesheets
– Resource planning
– Financial software
– Fee/cost reconciliation

Question 4

What are the ways to analyse a business opportunity? / What are the main types of market analysis?

Answer 4

– SWOT
○ Strengths
○ Weaknesses
○ Opportunities
○ Threats
– PESTEL
○ Political
○ Economic
○ Social
○ Technological
○ Environmental
○ Legal

Question 4

What are the benefits of an updated Business Plan?

Answer 4

– Allows for organisations to respond to change
– Target new customers
– Seek funding

Question 5

Corporate Objectives of TfL?

Question 5

Objectives of the RICS Covid-19 business recovery plan?

Question 6

Why are the RICS consulting on their business plan?

Question 7

Explain the apprenticeship levy? When is the levy payable?