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BUSINESS
SELF
ASSESSMENT
What's YOUR Score?
6 QUESTIONS
TO SEE IF YOUR COMPANY IS PREPARED TO
SURVIVE
THEN
THRIVE
IN A DOWN MARKET
BUSINESS
SELF ASSESSMENT
6 QUESTIONS
TO SEE IF YOUR COMPANY IS PREPARED TO
SURVIVE
then
THRIVE
IN A DOWN MARKET
My 2023 Annual Budget is completed, documented and distributed
(I have also adjusted revenue and expense projections to account for market conditions)
1 - NO
2
3 - IFFY
4
5 - YES
I have completed and documented a 12 Month Cashflow Forecast
(Includes contingencies for adjusted sales prices and margins with market conditions)
1 - NO
2
3 - IFFY
4
5 - YES
I have adjusted my team size and payroll for market conditions
(If your production numbers have decreased, have you adjusted your team and payroll to match)
1 - NO
2
3 - IFFY
4
5 - YES
I have a documented Profit Control Plan to maximize profit margin
(We have a plan to combat high labor and material prices and an ability to track active profit margin)
1 - No
2
3 - IFFY
4
5 - YES
I have an effective Sales Funnel to generate leads and sign contracts
(We track Sales Funnel numbers weekly to assess conversion from lead generation to contract)
1 - NO
2
3 - IFFY
4
5 - YES
I am prepared to survive this downturn, and am actively preparing for the opportunities that will come as the market improves
1 - NO
2
3 - IFFY
4
5 - YES
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