Business Planning

Question 1

What is a business plan?

Answer 1

Strategy to look ahead, how to achieve goals and key targets whilst considering problems and opportunities.

Question 2

What does a business plan include?

Answer 2

Description of the company
Overview of their products and services
Market analysis
Forecasts for the business
Financial information
Management team details

Question 3

What different types of business plan are there in the construction industry?

Answer 3

Start-up – Initial plan that a new company may give to potential investors, Strategic, Feasibility, Operations, Expansion plan – Company is looking to grow, consider resource allocation, new staff.

Question 4

Can you tell me some different types of organisational structures?

Answer 4

Hierarchal, Teamworking, Functional, Flat.

Question 5

What is G&T’s business plan?

Answer 5

Staff and client retention, Remaining an independent body, World-class service, Hiring and training up the industry’s best talent.

Question 6

What is SWOT analysis?

Answer 6

Used to review the strengths and weaknesses of a company and can inform the business plan.

Strengths, Weaknesses, Opportunities, Threats.

Question 7

Why is it important to retain existing clients?

Answer 7

Cheaper than winning new clients.
Allows repeat work to be achieved.
Illustrates a good reputation in the market.

Question 8

What tools does your company use to ensure you are making profit?

Answer 8

Timesheets.
Resource planners.
Team meetings.