Business Planning

Question 1

What is in Colliers’ Five Year Strategy

Answer 1

1. Build Scale
2. Strategically acquire
3. Expand client relationships
4. Make culture count
5. Amplify our brand
6. Innovate with technology

Question 2

What are the different types of business structure?

Answer 2

Plc, Ltd, Partnership, Sole Practitioner

Question 3

What is the difference between Ltd and partnership?

Answer 3

They have different ownership structures. Ltd is run by shareholders and has limited liability whereas Partnership is owned by partners and doesn’t need to register at Companies House

Question 4

Why is business planning important?

Answer 4

Helps inform business decisions and it key to knowing how a business will reach its targets/objectives

Question 5

What are your company’s values?

Answer 5

1. Be enterprising to exceed expectations
2. Collaborate to drive exceptional results
3. Invest in relationships to deliver enduring value
4. Be experts to lead our industry into the future
5. Do what’s right for our clients, people and communities

Question 6

How is your team’s performance measured?

Answer 6

Fee targets at the beginning of the financial year, weekly WIP meetings to track progress, Net Promoter Scores.

Question 7

What would be included in a Business Plan

Answer 7

1. Analysis of the opportunities and risks of a business.
2. Resources required to service clients