Business Planning Flashcards
What is RLBs business plan?
A single document presentation
RLB has a 5 year plan, 30 year plan and a 2030 business plan. This involves:
i. Building trust with clients
ii. To be global leader in the market
iii. Grow confidence in market
iv. Empower our people
v. Have a culture to allow employees to succeed
What is a business plan?
A forward lookahead and plan to achieve goals, to achieve profit, grow the company, increase staff count and expand the business, empowering its employees and making the company a good place to work
What is a business model?
a. Market analysis
b. Strategy to generate revenue
c. Products services being offered
d. What sector/niche
e. What clients
Tell me about RLB’s business plan
RLB has a 2030 business plan, which the aim is to expand the company and build on our service offering by this date. The business also has sort term yearly goals, and a consistent 10-year plan which is reviewed annually.
This includes building client relationships and finding and building new ones. Empowering the employees of the company to use knowledge and skills
How do you contribute to RLBs business plan?
Doing a good job, to encourage repeat work, get RICS accredited
- How do you make a business plan?
Identify what’s critical to the business an how to better this.
If you realised the fee proposal was incorrect and the job was losing money what do you do?
Assess if the scope has changed and why the time spent is more than the income, is there additional works, or are the people on the project too senior for the work, and see to amend this, and learn from it for future fee proposals.
What are the 3 categories of a business plan?
Short-, Medium- and Long-term plans
What is a SWOT analysis?
Analysis of internal strengths and weaknesses, and external opportunities and threats.
What is an appointment document?
Appointment of scope of services for an agreed fees to a consultant, Includes service agreement (T&C’s)
