Business Planning

Question 1

What is contained within a business plan?

Answer 1

1) Gross and net revenue
2) Profit
3) Return on Investment
4) Resourcing needs
5) Capability
6) Marketing
7) Business development
8) Client details
9) Key actions

Question 2

What was your company’s business plan for 2025?

Answer 2

Focused on
1) Strategic priorities for 2025
2) Current landscape
3) Talent, efficiencies and partnerships
4) Markets

Question 3

How can a business be checked for it’s financial stability?

Answer 3

Undertake a credit check using Dun & Bradstreet

Question 4

Hiw can you test the validity of a business plan?

Answer 4

It should be ambitious but at the same time realistic.

Question 5

What is a business plan?

Answer 5

Strategic document outlining businesses goals and objectives and how they are to be achieved.

Question 6

What’s the difference between a strategy and a business plan?

Answer 6

Strategy: overall direction of travel of a company
Business plan: specific implementation of aspect of the strategy

Question 7

Does RICS have a business plan?

Answer 7

The latest business plan is 21-22 reaponding to the financial implications of the pandemic.