Business Planning Flashcards

1
Q

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

A
  • 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
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2
Q

Why is it important to forecast fees?

A

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

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3
Q

What sort of financial planning would you use?

A

Budgets, cash flows and financial/audit controls.

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4
Q

What is Corporate Social Responsibility?

A

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

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5
Q

How does your firms objectives pass to individual teams?

A
  • Regular presentations from the leadership to the teams.
  • Strategy days to ensure individual teams are aligned with the company strategy.
  • Email bulletins on the business performance.
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