A Team of Business Advisors
Focusing on:
 
RFB Quiz

"You read a book from beginning to end. You run a business the opposite way. You start with the end, and then you do everything you must to reach it."

Harold Geneen

 

"In absence of clearly defined roles, we become strangely loyal to performing daily acts of trivia."

Unknown

 

"Don't spend time beating on a wall hoping to transform it into a door."

Dr. Laura Schlessinger

 

"Leave no stone unturned."

Euripides


"Everything should be made as simple as possible, but not simpler."

Albert Einstein

 


  • Most owners see their business as an income stream and lifestyle but not as a value for future investment.  They invest all their savings in order to make a present day living.  

  • There is a myth about that "Great American Dream" of entrepreneurship.  Anyone in America CAN start a business, but not everyone will thrive in that business.  

  • Most people aim at nothing and they hit it with tremendous accuracy.  

  • You can build a business with your skills but you can't let it be run on your skills.  To be in business means it must run itself.  

  • If you value something, then you're willing to pay for it.  

  • Most business owners function first as a technical worker instead of first as a business manager.  

  • The minute you realize you have a one man business is the minute you realize you have a job.

  • 80% of businesses starting out, won't be there in 3-5 years and of the 20% left, 80% of those will fail within the next 5 years.

  • Most owners see their business as an income stream and lifestyle but not as a value for future investment.  They invest all their savings in order to make a present day living.  

  • There is a myth about that "Great American Dream" of entrepreneurship.  Anyone in America CAN start a business, but not everyone will thrive in that business.  

  • Most people aim at nothing and they hit it with tremendous accuracy.  

  • You can build a business with your skills but you can't let it be run on your skills.  To be in business means it must run itself.  

  • If you value something, then you're willing to pay for it.  

  • Most business owners function first as a technical worker instead of first as a business manager.  

  • The minute you realize you have a one man business is the minute you realize you have a job.

  • 80% of businesses starting out, won't be there in 3-5 years?  And of the 20% left, 80% of those will fail within the next 5 years. 

1.

Have you identified a value for your business so you can choose when to get out?

YES

NO

2.

Have you taken your business to a "more" successful level?  (and that means your business is becoming a security coverage for you and your family)

YES

NO

3.

Do you know your exit strategy?

YES

NO

4.

Have you gone beyond "survival mode" (meaning cash flow is sufficient)?

YES

NO

5.

You started your business because you had a skill or area of expertise.  Do you designate a certain amount of time to work on just business skills?

YES

NO

6.

Have you given your customers the "right" to come back to you?

YES

NO

7.

Have you given your team members the "right" to take care of the customers?

YES

NO

8.

Did you do anything today that could be measured?

YES

NO

9.

Do you have the time to enjoy your business success?

YES

NO

10.

Do you have, on paper, what you are aiming for?

YES

NO

11.

Have you implemented a plan to replace yourself?

YES

NO

12.

Will your customers stay with your company if you are not there for an extended period of time?

YES

NO

13.

Are you learning in your business?

YES

NO

14.

Do you know what it means to take your business to a different level?  Can you do it?

YES

NO

15.

Have you been monitoring and enforcing the adherence to daily systems?

YES

NO

16.

Do you take the advice of outsiders (rather than preferring to stay within the skills and advice of just family members)?

YES

NO

17.

Are you capable of freeing up 80% of your time on any given day?

YES

NO

18.

Do your customers value what you give them?

YES

NO

19.

Have you stopped the practice of discounting your prices after a customer complains?

YES

NO

20.

Do you know how many referrals you get within a week?  And do you know what happens with those referrals?

YES

NO

21.

Can you expect different results if you are doing the same things the same way as you've always done them?

YES

NO

 

 

 
 
 
 

Resultants for Business, Inc.© 2008