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
2
Q
Why is it important to forecast fees?
A
Plan future business activities and ensure you hit your desired minimum profit margin.
3
Q
What sort of financial planning would you use?
A
Budgets, cash flows and financial/audit controls.
4
Q
What is Corporate Social Responsibility?
A
Businesses considering their role in relation to the community, the environment, customers and staff.
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.