Real Business Age Assessment

Written By admin Published September 21st, 2009

Are You In Need Of Evaluating Your Real Business Age?

For a quick look at how your business may be measuring up, take our free Real Business Age Assessment below. Simply answer these few questions and click ‘submit’ for an instant look at a few key areas of your business that will either lead to your success or failure. This assessment should be helpful in identifying your business strengths, weaknesses, opportunities and threats (SWOT test) – if you have not completed that yet.

Real Business Age evaluates the status of your business at a moment and time such as your balance sheet. It measures the true health and vitality of your business i.e. what phase and development it is in vs. the chronological age of your business or how long it has been in business.

Select the best answer. Each answer you choose has an explanation on the following page. At the end, to see your results, click on submit.

1) How long has your business been in business?

Less than 1 year
1 to 2 years
2 to 3 years
3 to 5 years
5 years

2) What legal form is your entity?

Sole Proprietor
General partnership
S Corporation
Limited Liability Company
C Corporation

3) Do you have an experienced accountant or CFO who has calculated your true revenues and expenses?

Yes No

4) Have you verified your real product or service revenues and expenses to know if you really are profitable and making the margins you believe:

Yes No

5) How many variations of your products and services SKUs do you have in total (such as colors, sizes, flavors, digitals, non-digital)?

75
50-74
31-49
10-20
1-9

6) Do you have a documented lead capture system in place for sales?

Yes No

7) Who does the key sales for your business?

Employees
Commissioned sales people
Outside trained sales people
Founders and/or Chief Executive

8) Do you have a full sales system in place?

No
In part
Yes

9) Do you have a clearly defined market niche?

No
Somewhat
Yes

10) Do you know your target client/customer?

No
Somewhat
Yes

11) Have you segmented your potential and existing clients/customers into different personalities?

No
Somewhat
Yes

12) Because of the gap between collections and expenses, do you rely heavily on bank financing?

No
Somewhat
Yes

13a) Do you have a high percentage of fixed assets such as real estate or equipment?

Yes No

13b) If so, do you finance them with mostly debt and/or leases?

Mostly Financed
50% Financed
Little Financing

14) As an entity, do you have a high amount of debt (leverage) compared to equity?

No
Somewhat
Yes

15) Our company has a written marketing plan covering the various channels of distribution, the opportunities and the specific customers.

No
Somewhat
Yes

16) Our company has a plan for using computer technology to provide the maximum return for our business.

We are not computer/technology savvy and do not place much attention on our computer and other technology.
We do review our computer and other technology requirements but not as much as we should.
We feel we stay on top of computer and other technology needs.

So that we may send you info about the other 4 secret steps, please give us:

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Investing in Your Destiny® & Coaching Program - Wealth Building Summit Dallas, Texas

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