Business Planning Flashcards
SWOT Analysis - Strengths of your firm
Relatively small team which enables us to provide a more personal service and respond quickly to changes in regulation.
A stronge core client base with good personal relationships
SWOT Analysis - Weakness of your firm
Not a national brand which a more corporate client may require.
Lack of marketing of business services.
Small team so only a certain amount of workload can be handled.
SWOT Analysis - Opportunities for your firm
Targeting new clients in insolvency and disposal
Increase our workforce to increase our workload capacity.
Implementing new systems/technologies to manage our business more efficiently.
SWOT Analysis - Threats to your firm
Compeititor businesses marketing to our client base.
Uncertain economic environment with Brexit/COVID 19
JPS Company objectives
To continue to provide a high standard of service to the current core client base.
To organically build on the client base.
To continue to support employees in their education and career progression.
To support local charities and businesses.
How do you business plan at JPS
We have monthly Directors meetings to discuss opportunities, company procedures and marketing.
We also have regular staff meetings to discuss workload.
Can you give an example of business opportunity discussed.
We discussed the possibility of offering our valuation and disposal services to different sectors.
Can you give an example of company procedure discussed.
The creation of an asset collection form to help record the collection and location of assets.
Can you give an example of a new regulation discussed in business planning.
When the RICS brought out the latest version in January 2020 we discussed changes to be made to our terms of enagagement and valuation reports.
