Where’s your head at?

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Quiz Questions

1.
Do you often feel overwhelmed in running your business?
- A.
  No not really
- B.
  Everyday!
- C.
  Sometimes
2.
Is your business fulfilling the hopes and dreams you had when you started this journey?
- A.
  Life was definitely easier when I was employed!
- B.
  Oh yeah! Living the dream baby!
- C.
  I love what I do, but I wasn't planning on working 60 hours a week!
3.
Do you feel inspired by your business?
- A.
  Yes, I look forward to working on my business and I am always coming up with new ideas!
- B.
  Sometimes I feel the rush that I had when I first started my business.
- C.
  It's the same ol' day in and out!
4.
Are you expecting your business to grow by just doing what you do well?
- A.
  I was hoping it would and I would just hire someone to do the other stuff!
- B.
  No, I get that there are other areas of my business that need attention.
- C.
  Totally!
5.
Do you have days where you wake up and dread going to work on your business?
- A.
  I have good days and bad days.
- B.
  I hit the snooze button 7 times in a row!
- C.
  Nope, I love what I do!
6.
When you see the term "Business Operations" what comes to mind?
- A.
  What I do daily in my business.
- B.
  Bookkeeping
- C.
  Everything that helps to run my business outside of the core business focus.
7.
When was the last time you strategically planned for your business?
- A.
  Within the last 60 months
- B.
  Within the last 12 months
- C.
  Never
8.
Do you often avoid trying new technologies in your business for fear of "getting it wrong"?
- A.
  Nope, I love looking at new things that may help my business grow.
- B.
  I try to keep up with new technologies, but there are so many!
- C.
  There are so many things I should be doing but I don't understand a lot of it.
9.
Do you know the difference between revenue and profit? Do you know what these numbers are?
- A.
  Are you speaking a foreign language right now?
- B.
  Yes, I also know my expenses, costs of goods sold and break-even points :-)
- C.
  I know how many sales I did last month.
10.
Do you have budgets set for various areas of your business?
- A.
  Yes, marketing is super important or I would totally run out of money!
- B.
  Yes, for office supplies and equipment.
- C.
  No, I just spend what I need when and if I can afford it!
11.
Do you often network and meet new people and then fail to follow up?
- A.
  I add their business card to the collection of business cards that are growing on my desk with the intent of following up when I get around to it.
- B.
  I usually connect with new people a few days after meeting them.
- C.
  I usually lose their business card.
12.
Do you know what your growth was for the last 12 months?
- A.
  About 2 inches around my waist!
- B.
  I have an idea of what my sales have been.
- C.
  Yes in dollar value and percentage.
13.
Is there a pressing process or technology you need for the business that you feel is holding you back in your growth?
- A.
  There are a couple of areas I really need to work on defining some processes for.
- B.
  Yes, there are lots of areas in my business that need to be organized and updated.
- C.
  I have most things covered, nothing springs to mind.
14.
Do you struggle to keep to your business commitments and/or deadlines?
- A.
  I am always forgetting to do things or send stuff out. My clients/customers often have to chase me down for things.
- B.
  No, I have a pretty good handle on time management.
- C.
  I sometimes have trouble getting things done on time and I have to ask clients/customers for extensions, or I run behind on my appointments.
15.
Are you tracking your receipts and expenses?
- A.
  I am supposed to track this stuff?
- B.
  I am sure I know exactly what I am spending money on.
- C.
  I have all my receipts and expenses in orders and I track them online.

Quiz Outcomes

1.
Small Business Novice
It sounds like you have a limited understanding of your business operations and that you may struggle in your role to carry out the operational tasks needed to run a successful business. Could be the reason your business is not experiencing the growth you would like, and it’s time to strategically plan and carry out a SWOT analysis of the three main areas of business operations (Human Resources, Operations, and Finances). A SWOT will help you understand where improvements are or a change of direction may be required to boost growth. www.magbusinesssolutions.com
2.
Small Business Competent
It sounds like you have a basic understanding of your business operations and that you are somewhat effective in your role to carry out the operational tasks needed to run a successful business. If your business is not experiencing the growth you would like, then it could be time to strategically plan and carry out a SWOT analysis of the three main areas of business operations (Human Resources, Operations, and Finances). A SWOT will help you understand where improvements are or a change of direction may be required to boost growth.
3.
Small Business Expert
It sounds like you have a good understanding of your business operations and that you are competent in your role to carry out the operational tasks needed to run a successful business. If your business is not experiencing the growth you would like, then it could be time to strategically plan and carry out a SWOT analysis of the three main areas of business operations (Human Resources, Operations, and Finances). A SWOT will help you understand where improvements are or a change of direction may be required to boost growth.