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Business Viability Assessment
Are you wondering “If your business is truly viable”?
Take this short assessment to find out. The result will be sent to your email. Please give us the email you check it the most.
By answering the following questions, you will be able to discover the strengths of your business and where your focus needs to go to achieve ultimate business success
How do you make informed business decisions?
We have a bookkeeper that runs our numbers, but we struggle to make strategic decisions
We know our numbers and they drive our decision making
We let present situation and circumstances dictate our decisions
We have an accountant that takes care of taxes but we don't have proper oversight
Are you satisfied with net profits your business is making?
Yes - It exceeds our expectations
Yes - Enough to keep the doors open
No - We have an urge to reach our potential
No - We are loosing money
Do you have enough cash every month to sustain your operation?
Yes - We have cash overflow every month to cover future expenditures
Yes - But We will run out after monthly expenses are fully paid
No - We have credit card debts/ loans to cover monthly cash deficits
No - We rather not to think about it!
Do you have a detailed budget to track your business perfromance?
Yes - We maintain & track our actual performance against budgets regularly
Yes - Our accountant tells us if we are on track or not
No - We don't see the benefit of having one
No - We don't have enough support or expertise to develop a budget
How do you handle customer account balances and receivables?
We have a strict 30 day pay policy & all our customers are fully paid
We trust our customers to fully pay on time
As we have no collection policy, our receivables are getting bigger and bigger
My accountant knows the details
How do you pay your suppliers?
On time, every time as we receive extra discounts for early payments
We have to pay on time as we don't have a good credit history with suppliers
We always get a special extension as we have great relationships with our clients
We mostly pay past due dates as we can hardly manage our cash flows
What is the plan for growing your business?
We are completely satisfied with where our business is at
We are constantly reaching out for new customers and/ or new markets
We can only keep up with our competition
Our approach is to always innovate - from our products or processes to our approach
Do you have a clear business vision and an exit strategy?
Yes - We have a 5 year strategic plan and we know how we want to carry out the business when it matures
Yes - We somewhat have a 3 year plan
No - We assess and make decisions as we go
Yes - We have a plan but we don't know if that's the best strategic choice
What is your name and/or company's name?
What's your Industry?
What is your email address to receive the survey result?
Thank you very much for taking the time to complete the assessment
Your assessment report will be in your inbox shortly. Don't forget to claim your 30 minutes free consultation session by visiting us at: www.revivelandgroup.com/contact-us
