Business Planning Flashcards
Tell me about your involvement with business planning?
i have advised clients on elements of their business plan, including ways in which they as a firm can increase their revenue.
i also attend regular meetings with my firsm rural department to discuss fee’s, policys etc
What are the corporate objectives of your firm?
- diversity
How do you work towards your firms corporate objectives in your role?
What are some of the typical things you’d find in a business plan?
- mission statement/objectives
- company structure
- products/services
- identifiction of market opportunities
- operations plan
- current financial performance
How can an up to date business plan help an organisation in the current economic climate?
market analysis can encourage and help a firm to adapt, idenfify opportunties and make informed decisions
How do you use networking to further your business planning skills?
- ability to discuss and identify new avenues of work
- make connections with other professionals and create working relationships
Why is relationship building important in your role?
- create trusts
- encourages future working relations
What is SWOT/PEST analysis?
SWOT - Analysis method looks at Strengths, weaknesses, opporunties and threats of an idea, product etc
PEST - analysis method that looks at political, econimic, social and technological considerations of an idea/product
Can you tell me about when you have use one in your role.
SWOT analysis when carrying out a development appraisal of some land at hurcott.
What insurance types have you dealt with and what risks have they protected against?
car insurance
house/building insurance
Explain the objectives of the RICS Coid 19 recovery business plan.
- RICS qualifications in demand
- becomes 21st cenutry sustainable profesional body
- trusted by stakeholders & society
- influential thought leader
Why are the RICS consulting on their business plan?
to review its key pillars and and inform its future strategic position
What is the RICS business plan strategic review called?
defining our future
what is business continuity and why is it important?
the abiliity of a company to maintain or quickly resume its operations after a disruption.
important to maintain service to clients and protect from threats
Explain how the apprenticeship levy works?
a tax levy on firms over 3 mil in revenue that requires them to pay 0.5% of their payroll into the levy
Why might the apprenticeship levy be beneficial to a business?
- encourages training on the job
- firms able to ‘mould’ apprentices into what they need
- investing in staff = investing in your firm
