Business Planning Flashcards
What is a limited company?
Company only is liable for the debt.
- Personal assets of shareholders will not be at risk if company is in financial difficulty.
What is a public limited company?
Public Limited Company – as above but shares offered to the public.
What is a partnership?
Partnership – 2 or more parties manage and operate a business, parties share legal and financial liability equally.
- Individuals personally responsible for the debts the partnership takes on.
What is a limited liability partnership?
LLP – liability is limited to the assets in the partnership. Partners personal assets are protected.
What is a sole practitioner?
Sole practitioner – no separation between business entity and owner.
- You are responsible for the business. You can employ staff. All profits flow directly to the owner.
How is business performance assessed?
Business performance assessment measures:
Turnover / Profit vs last year and vs target
How do you forecast fees?
Forecast fees – AUM fees, transaction fees, new business
What are the current risks to your business?
Risks to the business – Client’s disinvesting from real estate, falling retail values, loosing big clients, older senior management team (succession planning)
What are your company objectives / business plan?
Company Objectives / Business Plan (Objectives, SWOT)
- Revenue and Profit Targets
- Assist with capital raising for the new Co-Living Fund
- Continue to provide high standard of service for clients
- Assist the BD team with new clients
What do you understand by CSR? What initiatives has your work implemented?
CSR – diversity, work experience 1+ initiative, environmental initiatives, concerned about more than just profit
When did C&W IPO and how much was raised?
C&W IPO in August 2018 – raised $765m
Tell me about one of your SWOT analysis on a property?
SWOT Analysis – Willerby, lease renewals & potential void, KFC drive through, retail market in general, rents are sensible, prominent scheme
