Mandatory - Business Planning Flashcards
What is a business plan?
Describes a company’s goals and how they plan to achieves them.
Why are business plans important?
Enables a business to plan for change and keeps up a high standard of service to clients.
What are the different types of business plan?
Strategic – outlines goals for next 5 years
Operational – strategy for next 1-2 years of development.
What is included within a business plan?
- Executive summary
- Financial targets
- Growth targets
- Client objectives
What is a SWOT analysis?
A strategic planning and strategic management technique
S – Strengths
W – Weaknesses
O – Opportunities
T – Threats
What are the different types of business vehicles?
Sole practitioner
Partnership
Limited Liability Partnership
Limited Company (CBRE)
Public Limited Company
What is your company’s business plan?
- Actively build on existing client relationships and build new ones
- Incorporate clients, deals, opportunities within Property Portfolio database
- Revenue to increase 10% per annum
What is your department’s business plan?
- Expand service line into alternative sectors
- Increase collaboration with other CBRE service lines
- Increase revenue by 5%
What is your department’s target?
£2mill
What is a mission statement?
Summary of company values and goals.
What is your company’s mission statement?
To realize the potential of our clients, professionals and partners by building the real estate solutions of the future.
Can you name some forecasting techniques?
Straight line
Moving average
Simple linear regression
Multiple linear regression
