HOW HEALTHY IS YOUR BUSINESS?
Measure how healthy your business is with our Business Health Check in just five minutes or less. Simply select the most suitable answer as they apply to your business today under the 6 Business functions - then check the colour coded results with commentary below.
Strategy |
No
Sort of
Yes |
I have clear, written 3-year goals and objectives | |
I know what differentiates me from my competition | |
I understand and follow industry trends | |
I have an Exit Strategy for my business with a clear date | |
I review and update my Strategic plan / assumptions annually | |
Strategy Result : |
Sales & Marketing |
No
Sort of
Yes |
I have an annual Marketing Plan and metrics to track performance | |
I am satisfied with the amount of new leads I receive weekly | |
My prospects clearly understand why I am different from my competition | |
I am satisfied with the performance of my Sales Team | |
I have ongoing product training for my Sales and Distribution channels | |
Sales & Marketing Result : |
Operations |
No
Sort of
Yes |
We use Key Performance Metrics (KPI's) to monitor operational efficiencies | |
We have accurate procedures to track job costs and manage inventory | |
My Net Working Capital is less than 20% of Revenue | |
We routinely review our suppliers to ensure the best pricing and service | |
We have a written program for cost reduction and operational improvement | |
Operations Result : |
Systems |
No
Sort of
Yes |
We have written Standard Operating Procedures manuals | |
We have a written New Product Development/Service Procedures | |
We have written Safety and Security programs and teams to monitor them | |
We measure & track Customer Satisfaction to see where we need improvement | |
I don't have to be here every day to make this business run smoothly | |
Systems Result : |
People |
No
Sort of
Yes |
We have a current Employee Handbook and so do all our employees | |
We have a formal New Employee Training & Orientation Program | |
We conduct annual Performance Reviews | |
We have one or more processes to monitor/maintain employee morale | |
We have periodic Company meetings to ensure effective communication | |
People Result : |
Finance |
No
Sort of
Yes |
We have a written Budgeting, Planning & Analysis system (FP&A) and use it | |
I understand how to read and use financial statements | |
We use Key Performance Metrics (KPI's) to track financial performance | |
Revenues and profits are growing each year | |
I am satisfied with the amount of money I make | |
Finance Result : | |
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Business Health Result : | |
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