New business of the year | The BIBAs: Lancashire's Premier Business Awards

Please either download this PDF 2012-New-Business-of-the-Year or complete the form below.

Rules: Total word count should be no more than 2000 words excluding questions and rules. All entries must be electronic and supporting information is not permitted. Please enter the entrants name and company name as you would like to see it appear on a trophy should you become a winner. Please ensure that you answer all questions. Any entries not adhering to the rules (http://www.thebibas.co.uk/the-rules) will be eliminated at the next round.
Contact name
Name of entrant
Company name
Company address
Email(valid email required)
Website
Telephone number
Fax number
Business sector
Nature of business
Main product/service
Number of employees
Legal Status of company
Year that the business started trading
Turnover in 2010
Turnover in 2011
Projected turnover in 2012
Net profit in 2010
Net profit in 2011
Projected net profit in 2012
Please provide a brief description of your business, the products or services it supplies, its customers and the markets that it operates in.
You should cover: The nature of your business. Your products and services. Your customers. Markets that you operate in.
Please outline the overall trend in your sales turnover and profit development together with a brief description of key events that have led to these changes where appropriate.
You should cover: How your sales turnover has developed. How your profit has developed. The key events that have led to any changes. (Please provide an explanation.)
What are the objectives for your business over the next 3 years?
You should cover: Main objectives for the next 3 years. How these will be achieved. Effects that these will have on the overall business.
Please expand on a key event or change that has contributed to business success over the last twelve months.
Please provide related information on product/service development, customer/consumer demand, change in business practice, workforce development etc.You should cover: Detailed information about the key event or change and background information of how and why it occurred. How this has impacted on the business and the business success achieved.
Please outline your methods for assessing the skills requirement within your workforce e.g. training needs analysis and skills development plans.
You should cover: How you assess the skills requirement within your organisation e.g. training needs analysis, skills development plans etc. Give examples of a circumstance that stimulated the need to introduce or review employee development plans.
Please summarise why you decided to start your own business and what your vision is for your business?
You should cover: Rationale for founding your company, e.g. demand for products, gap in the market. How you see the company developing in terms products, services, turnover etc in the future.
What research was undertaken in developing the plans for the business? Please explain the types of research undertaken, the sources and the impact that these had on your decision process.
You should cover: Methods of research prior to launching the business. Results that the research uncovered. Impact of these results on the development of the business.
How do you measure business performance against your vision and business objectives? Please supply a summary of key events that may have affected changes in your financial growth.
You should cover: Methods of measuring business performance against your vision and business objectives. What you do with the results once measurements have taken place and how they are shared. Key events that have affected changes in the company’s financial growth.
What makes your business stand out from the competition? What is your competitive advantage?
You should cover: Reasons why you think your business stands out from the competition, e.g. products, services, customer care, price. What you consider your one competitive advantage to be.
Please give examples of how specific strategies undertaken by your business have driven growth.
Outline the strategy and the impact it has had on your business. Choose a maximum of four strategies, covering areas such as marketing, workforce development, customer service and customer loyalty, environmental impact, financial planning and control, supplier relationships and management, operations, IT, and innovations. You should cover: Brief details of up to 4 strategies which you feel have driven growth in your business. Growth achieved and main impact that each strategy has had on the business.
Please provide a short summary of why your business deserves to win this award.
You should cover: Summary of main reasons why you feel your business stands out from other entrants.

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