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 the majority owner's race/ethnicity?

  • A.
    African-American
  • B.
    American Indian or Native American
  • C.
    Asian
  • D.
    Hispanic or Latino
  • E.
    Native Hawaiian or Pacific Islander
  • F.
    White
• 28.
  Are you a veteran-owned business?

  • A.
    Yes
  • B.
    No
• 29.
  Gender Identity of Majority Owner

  • A.
    Female
  • B.
    Male
  • C.
    Other
  • D.
    Prefer not to answer
• 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

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  Thank you for taking the Biz Quiz! The Results are in: You are ready for our Foundations program! What’s Foundations?Foundations is NBIC’s 12 week course to help you create a solid business plan so the seeds of your ideas will be well nurtured to develop. You’ll learn how to grow your sales and revenue by building the basic foundational principles to position your business for success! Ready to get started? Next Session: Fall 2024 Register for Night Program: HERE Register for DAY Program: HERE
• 2.
  FRAMEWORK

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  Thank you for taking the Biz Quiz! The Results are in: You are ready for our Framework program!Your business profile fits our five-week Framework program. This 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.Are you ready to take the next step in growing your business? Framework Spring '24 April 24- May 22, 2024 - Wed 9:30-11a | Register HERE |
• 3.
  GROUNDWORK

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  Thank you for taking the Biz Quiz! You are on the right track and ready for our Groundwork program!Groundwork is NBIC’s business acceleration program. We’ll help you assess your business and put processes and procedures in place for your company. Major emphasis is placed on establishing and growing your company’s digital presence to both market and sell online using multiple tools to create or update your website and social media. We’ll also help you create meaningful relationships with financial advisors, business strategists, mentors, sponsors and many more. Get ready to clear a path to take your business to the next level as a major producer of your goods and services on your trail to growth! Are you ready to join the Groundwork program?
• 4.
  MIGHTY OAK

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  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. One of our staff will be in touch soon to discuss your application and BizQuiz results.