Testing Your Business IQ
Below is a MRR and PLR article in category Internet Business -> subcategory Web Hosting.
Testing Your Business IQ
Engaging with Your Business Potential
Overview:
This Business IQ Test is straightforward. For every "Yes" answer, award yourself three points. For every "No," subtract three points. If your answer is somewhere in between, you get zero.
Questions to Consider:
1. Does your business have 1, 3, and 5-year plans?
2. Do you know the turnover needed to break even?
3. Are you aware of your fixed and variable costs?
4. Do you know how many leads you need daily to meet your goals?
5. Do you have a clear plan for generating new leads?
6. Do you know what percentage of leads become customers?
7. Do your employees have performance measurement tools?
8. Is there a training program for employees?
9. Do you provide training for new hires?
10. Is there a rewards program for high-performing staff?
11. Do you regularly consult with employees to discuss plans and values?
12. Do you have a policy to improve staff health and safety?
13. Are employees aware of your business goals and targets?
14. Is there a plan to build customer loyalty?
15. Do you assess your competitors regularly?
16. Can you name your top five competitors?
17. Are you aware of your competitors' strengths and weaknesses?
18. Does your business have a mission statement?
19. Have you read any quality business books in the past three months?
Scoring:
- Score over 45: You're on your way to business success.
- Score 30 or more: Consider making a few improvements.
- Score below 25: Time to make significant changes?"perhaps revisit your strategies.
Closing Thoughts:
This test isn't about dictating how to run your business. It's designed to highlight potential weak spots and inspire new business ideas. Take it as a tool for growth and reflection.
You can find the original non-AI version of this article here: Testing Your Business IQ.
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