Business Planning

Question 1

What is a SWOT analysis?

Answer 1

SWOT analysis is a strategic planning / management technique used to help a person / organisation identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning

Question 2

From a business planning perspective what can budgets, cash flows and financial accounts help with?

Answer 2

• the allocation of resource and expenditure

Question 3

What are the different types of business vehicles?

Answer 3

• Sole practitioner
• Partnership
• LLP
• Limited company
• PLC

Question 4

What is a business plan?

Answer 4

A formal statement of the business goals, reasons why they are attainable and the plan for reaching the goals. Provides employers with common ground to focus on.

Question 5

What is a ‘Terms of business’ agreement?

Answer 5

A document that sets out what has been agreed between you and your customer.

Question 6

RICS business plan

Answer 6

• incorporating Levitt report
• payback furlough of RICS employees
• reduce the need
• seek to minimie subscir