Business Planning Flashcards
What is the purpose of a SWOT and PESTLE analysis?
The SWOT helps understand internal products through each SWOT
A pestle analyses macro external factors impacting on future business operation
Why is it important to include staff resource requirements in a business plan?
This enables appropriate resources to align with future business operation
How does your day to day role help the company achieve its targets in the business plan?
I ensure my work is on time and of high quality to ensure we retain and attract new clients - expanding the business.
Why is a business plan important?
Helps identify weaknesses
To make sound decisions
Communicate ideas with stakeholders
What financial information is included in a business plan?
Financial projections
Give an overview of the companies act?
Incorporation process
Directors duties
Shareholder rights
Company Naming rules
Solvency
