Business Planning - Summary Of Experience

Question 1

What is your firm’s current objective?

Answer 1

At Alpha Browett Taylor we pride ourselves on connecting with not only our clients but our tenant’s as well, providing reasoned advice in a professional manner, visiting premises and sitting down with tenants which we find formalises better working relationships. Our objective is to keep maintaining this strategy as well as seeking new clients.

We are also implementing ESG objectives for all of our clients.

Question 2

If you were a sole practitioner, how would you set up a business plan?

Answer 2

When setting up a business plan, I would set out the objectives for the year, clearly stating the strategic goal, the objective and how I/we would measure our success.

When building towards a new future in regards to a financial plan, I would create a chart showing where the business is expecting to receive income and identify areas of regular expenditure.

Question 3

What is a business plan?

Answer 3

A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.

Question 4

Why do you need a business plan?

Answer 4

Clarify your business idea
Spot potential problems
Set out your goals
Measure your progress

Question 5

What typical components are included in a business plan?

Answer 5

Executive Summary
Company Description
Market Analysis
Competitive Analysis
Description of Management
Breakdown of Product & Services
Marketing Plan
Sales Strategy
Request for Funding
Financial Projections

Question 6

What is the standard VAT rate?

Answer 6

20%