Subs: Business Planning

Question 1

What are some of the key things to include in a business plan?

Answer 1

• Analysis of some of the key risks and opportunities facing the business
• Resources required to service clients
• Market/competitor analysis
• Products and services
• Marketing and sales strategy
• Financial plan

Question 2

Why is it important to forecast fees?

Answer 2

Plan future business activities and ensure you hit your desired minimum profit margin.

Question 3

What sort of financial planning would you use?

Answer 3

Budgets, cash flows and financial/audit controls.

Question 4

What are the different forms of business vehicle?

Answer 4

Sole practitioner, partnership, LLP, limited company and PLC.

Question 5

What is your firms vision?

Answer 5

To be the leading industrial real estate developer / operator, of choice in the notoriously undersupplied urban industrial markets .

Question 6

What is your firm’s business strategy?

Answer 6

Aim to increase the revenues from lower-yielding industrial buildings, by improve the buildings overall performance and specification, both operationally and environmentally.

Question 7

What risks does your firm face?

Answer 7

Weakening occupier market.
Higher construction finance costs
Higher value uses

Question 8

What opportunities does your firm face?

Answer 8

Supply scarcity
Existing unfit for purpose stock
Changing consumer habits

Question 9

What is Corporate Social Responsibility?

Answer 9

Businesses considering their role in relation to the community, the environment, customers and staff

Question 10

How does your firms objectives pass onto individual teams?

Answer 10

Regular presentations from the various Bloom Departments
Strategy meetings to ensure individual teams are aligned with the company strategy
Email bulletins on the business performance