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Assessment of Current Business Functions

How does your business measure up for success? Are you happy with your results? In this assessment we will review what areas of your business can improve, where you currently excel and which areas of your current business functions need improvement and what quick action steps can be taken immediately. 

There are 15 major questions, each should only take a few minutes for you to answer. Once you complete the assessment, please check your email for a copy. Please complete this assessment in one session. This process will take about 15 minutes. You will not be able to pause and restart. 

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Question 1 of 13

Describe your business. What industry? How old is the business? Who are its ideal customers? 

Question 2 of 13

Which of the following reasons do your customers buy your product or service. Please select one answer.

A

My business offers the lowest price for my product or service.

B

My business offers the best customer service when they purchase my product or service.

C

My customers buy from my business because they cannot find this product or service anywhere else.

D

I'm not sure why my customers purchase from me compared to any other competitors.

Question 3 of 13

Do you hire employees in your business? Select one answer.

A

No, I do not hire employees at this time and do not have plans to hire them in the future.

B

No, I do not hire employees at this time and have plans to hire them in the future.

C

Yes, I have employees and only offer a wage. No benefits.

D

Yes, I have employees and offer a wage and benefits comparable to my competitors.

Question 4 of 13

If you have employees, do you require them to acknowledge receipt of company policies that include a non-disclosure agreement?  Please select one. 

A

Yes

B

No

C

N/A

Question 5 of 13

Many business owners are unable to say "no" to an employee, vendor, or other business relationship. Have you or are you able to terminate a relationship that is not beneficial to the success of your business? 

A

Yes, I have terminated employees, vendors, or other relationships with my business.

B

No, I'm afraid to lose the relationships I currently have even though they may not best suit my business for success.

C

I have encountered this situation and am not sure if I can terminate a relationship.

D

I have not encountered this situation, but I know I can terminate a relationship that does not benefit my business.

Question 6 of 13

How many checking accounts does your business have? Please select one answer. 

A

One checking acount

B

Two checking accounts

C

Three or more checking accounts

D

No checking accounts

Question 7 of 13

Were you able to borrow money to launch your business? Please select one answer. 

A

No, I bootstrapped my business using my own funds.

B

Yes, I borrowed money from a lending source such as a bank or venture capitalist.

C

No, I was not able to borrow money from a lending source and used a combination of my personal funds and money from family and friends.

D

I started my business with no outside money.

Question 8 of 13

How many banking relationships does your business have? Please select one answer. 

A

My company has a relationship with a smaller community bank.

B

My company has a relationship with a large commercial bank.

C

My business has relationships with both large commercial banks and smaller community banks.

D

My business uses no banking relationships.

Question 9 of 13

This question is about credit card processing. Please select all that apply to your current business. 

(Select all that apply)
A

No, my business does not accept credit cards

B

Yes, my business accepts credit cards

C

My business currently uses more than one credit card processor to receive customers receipts.

D

My business has used a variety of credit card processing services but uses only one at a time.

E

My credit card processor demands they keep a reserve of my customer's payments.

F

Yes my business accepts credit cards and customers have filed credit card disputes on charges

G

Yes my business accepts credit cards and the fees are higher than what my company was quoted when signing up with the processor

Question 10 of 13

This question is about your business and social media. Please check all that apply. 

(Select all that apply)
A

My business has a presence on social media

B

My business is not on social media

C

My business has experienced fake negative reviews on social media

D

My business has not received any negative reviews on social media

E

My business has taken legal action on fake reviews on social media

F

My business has employees who signed our social media policy

G

My business has employees and does not have a social media employee policy

H

My business includes a social media policy in the terms and conditions customers agree to when making a purchase from us

I

My business does not require customers to agree to any terms and conditions when purchasing

Question 11 of 13

This question is about building a solid support system for your business. Please check all that apply. 

(Select all that apply)
A

My business currently has a mentor advising us on building and following a business strategy

B

My business creates and implements a business strategy with no outside help

C

My business currently does not have a formal strategic plan

D

My business has contracted with an executive coach

E

My business currently has or has used an HR Consultant

F

My business currently has financial metrics in place to measure the success of its operations and management

G

My business currently or has used a marketing agency

H

My business currently or has used a press agent

I

My business currently has an outside CPA or accountant

J

My business currently has or has used in the past investment bankers

K

My business currently has a relationship with an attorney or legal team

L

My business currently has or has used in the past a private investigator.

Question 12 of 13

This question asks how you protect your business with insurance. Please check all that apply. 

(Select all that apply)
A

My business has a general liability policy

B

My business has business interruption insurance.

C

My business has employees and I carry workmen's comp insurance

D

My business has employees and does not have workmen's comp insurance

E

My business does not have any commercial autos and does not carry commercial auto insurance

F

My business has commercial autos and does not carry commercial auto insurance

G

My business sells advice and services and does not carry errors and commissions insurance

H

My business sells advice and services and does carry errors and omissions insurance

I

My business occasionally hosts events and does not purchase event insurance

J

My business hosts events and does purchase event insurance for each occassion

K

My business is a corporation and carries Directors and Officers insurance

L

My business is a corporation and does not currently have Directors and Officers insurance

M

I currently own the business with partners and do not carry partnership life insurance

N

I currently own a business with partners and each partner has a life insurance policy with the business.

Question 13 of 13

This question is about an Exit Strategy for your business. Please check all that apply. 

(Select all that apply)
A

My business has been valued by a professional

B

My business has not been valued by a professional

C

I know the value of my business and have a plan to exit in the future

D

I don't know the value of my business and have a plan to exit in the future

E

I have no exit strategy for my business at this time

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