Some Business Questions For You To Think About
Mike Patterson Profit Improvement Specialist
Helping Accountant Business Owners break through from Stagnation to Exponential Growth | Assisting them Identify & Implement different proven, guaranteed strategies that explode Monthly Recurring Revenues
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1.?????What 3 things, starting today are you going to do to increase business sustainability & cashflow?
2.?????How often does your organization assess its strengths, weaknesses, opportunities, and threats in order to understand the current business climate?
3.?????How effectively does your organization form and make profitable use of partnerships?
4.?????How efficient is your organization from an operational standpoint?
5.?????How often does your organization analyze the competition in order to understand competitive advantages and disadvantages as well as identify areas for investment or needs for improvement?
6.?????How well does your organization strategically differentiate from the competition in terms of the capabilities of its product?
a.?????How clear is your organization’s strategy for this?
b.?????Is our long-term view reflected in your short-term priorities?
7.?????Are you putting effort into initiatives today that have connections with where you and the market expect to be in the future?
8.?????How effective is your organization’s strategic vision?
a.?????Do you have one that inspires your team?
9.?????Is your organization pursuing growth and new business / market development or is it just trying to survive?
a.?????With that in mind, what is your strategy for sustainable growth?
b.?????Do you have a strategy for this?
10.??Have you accurately calculated your Customer Acquisition Cost?
11.??Do you know how to acquire clients at breakeven?
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12.??What is your average Customer Lifetime?
13.??What is the average profit on your first sale?
14.??What is your average Customer Marginal Net Worth?
15.??When was the last time you carried out an N.P.S. Survey and what were the results?
a.?????How have you improved them since then?
16.??What is your Quality Ranking Score?
17.??What is your Quality Rating Score?
18.??Do you have Comprehensive Referral Strategies in place?
a.?????If so how many?
b.?????Which is the most effective?
19.??How are you using the 3 (Basic) Ways to Grow a business effectively?
20.??If you’ve been in business for 5 years or more, how are you using the 3 Advanced Ways to Grow a Business?
Were you able to answer all of the above?
If not, then guaranteed, your business is no-where near as profitable as you may think.
Contact me to find out how to maxmise your profitability.
#businessmastermind #businessowner #entrepreneur #founder #profitability
Chairman at Up & Arrow Consultancy
2 年These are great questions. Indeed finding their answers are the success and growth blue print for any corporate.
Business Development | B2B Enterprise Sales | Solution Selling: Enthusiastic Solver & Chief Humor Officer??
2 年Love this list!!! I actually ask many of these questions in interviews. I will be filling this out and sharing with my organization.
Helping Accountant Business Owners break through from Stagnation to Exponential Growth | Assisting them Identify & Implement different proven, guaranteed strategies that explode Monthly Recurring Revenues
2 年Book a confidential gratis strategy session with me here: https://calendly.com/businessmasterydxb/strategy-intro