THE BIZ QUIZ

Quiz Questions

• 1.
  Is your business currently up and running?

  • A.
    Yes
  • B.
    No
• 2.
  Do you have an EIN?

  • A.
    Yes
  • B.
    No
• 3.
  Do you have a marketing strategy in place to attract new customers or clients?

  • A.
    Yes
  • B.
    No
• 4.
  Do you have a sales strategy in place to close new business?

  • A.
    Yes
  • B.
    No
• 5.
  Do you have an accountant or bookkeeper close your books on a monthly basis?

  • A.
    Yes
  • B.
    No
• 6.
  Does your business have a website?

  • A.
    Yes
  • B.
    No
• 7.
  Do you forecast your revenues on an annual basis?

  • A.
    Yes
  • B.
    No
• 8.
  Do you use a bookkeeping system, such as QuickBooks or Freshbooks, to track your expenses?

  • A.
    Yes
  • B.
    No
• 9.
  Do you develop a monthly, quarterly, or annual budget to determine your company’s spending?

  • A.
    Yes
  • B.
    No
• 10.
  Does your company have an operating agreement?

  • A.
    Yes
  • B.
    No
• 11.
  Is your business incorporated with the state in which you reside?

  • A.
    Yes
  • B.
    No
• 12.
  Do you pay taxes on the income earned from your business?

  • A.
    Yes
  • B.
    No
• 13.
  Do you pay your business taxes on a monthly or quarterly basis?

  • A.
    Yes
  • B.
    No
• 14.
  Do you have any employees (not independent contractors) in which you are responsible for payroll?

  • A.
    Yes
  • B.
    No
• 15.
  Do you have your company’s policies and procedures written down in an easily identifiable place?

  • A.
    Yes
  • B.
    No
• 16.
  Is your company registered to do business with either the local, state, or federal government?

  • A.
    Yes
  • B.
    No
• 17.
  Are you interested in contracting with local, state, or federal government agencies?

  • A.
    Yes
  • B.
    No
• 18.
  Have you ever secured any public contracts with local, state, or federal government agencies as a prime contractor?

  • A.
    Yes
  • B.
    No
• 19.
  Have you ever secured any public contracts with local, state, or federal government agencies as a sub contractor?

  • A.
    Yes
  • B.
    No
• 20.
  Have you ever submitted a bid to respond to a request for proposals or qualifications from a local, state, or federal agency?

  • A.
    Yes
  • B.
    No
• 21.
  Do you have a business attorney?

  • A.
    Yes
  • B.
    No
• 22.
  Do you have a balanced score card for each employee?

  • A.
    Yes
  • B.
    No
• 23.
  Do you have an exit strategy or succession plan ?

  • A.
    Yes
  • B.
    No
• 24.
  Do you have a thorough understanding of your standard financial reports?

  • A.
    Yes
  • B.
    No
• 25.
  Do you have a binder of essential Corp. documented legal papers?

  • A.
    Yes
  • B.
    No
• 26.
  Do you have a strategic plan? 

  • A.
    Yes
  • B.
    No
• 27.
  What is your ethnicity?

  • A.
    Black or African-American
  • B.
    Hispanic of Latinx
  • C.
    White, non Hispanic
  • D.
    Native American
  • E.
    Other
• 28.
  Are you a veteran?

  • A.
    Yes
  • B.
    No
• 29.
  Gender Identity

  • A.
    Female
  • B.
    Male
  • C.
    Other
  • D.
    Rather Not Say
• 30.
  Annual Company Revenue

  • A.
    Less than $100,000
  • B.
    $100,000 - $249,000
  • C.
    $250,000 - $749,000
  • D.
    $750,000 - $1,000,000
  • E.
    More than $1,000,000
• 31.
  How many years have you been in business?

  • A.
    Less than 1 year
  • B.
    1 - 3 years
  • C.
    3 - 5 years
  • D.
    5 - 10 years
  • E.
    10 - 15 years
  • F.
    More than 15 years

Quiz Outcomes

• 1.
  FOUNDATIONS

  Image Source

  Your business profile matches our 12-week Foundations program. This program is offered in partnership with Operation Hope, Urban League, and First Tennessee. It is designed to expose new and aspiring entrepreneurs earning less than $50,000 in business revenue to the basic business principles needed to run a successful company.
• 2.
  FRAMEWORK

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  Your business profile fits our five-week Framework course. The course is designed to support entrepreneurs in evaluating their business structures in a way that positions their companies for growth. This course emphasizes strategic planning, operational efficiency, and maximum profitability.
• 3.
  GROUNDWORK

  Image Source

  Your business profile matches our six-month Groundwork program. Our Groundwork program is a business acceleration program for new and aspiring entrepreneurs who earn between a minimum of $50,000 and a maximum of $250,000 in business revenue. It supports entrepreneurs in implementing the financial, legal, marketing, and human capital structures to transform their startup or idea into a thriving company.
• 4.
  MIGHTY OAK

  Image Source

  Your business profile matches our Mighty Oak program. Our hallmark incubation program guides established business owners through our signature stages of business. This program requires a minimum three-year commitment and is specifically for those companies best positioned for growth.
• 5.
  ELEVATE

  Image Source

  Your business profile matches our Elevate program. This six-month program for emerging government contractors is designed to demystify the public contracting process for business owners who fall within two distinct categories: professional services and construction/construction-related.