Many business owners have a thriving business as long as they are well and can work. Also the type of business you are in makes a difference in the amount of income you can generate. But there are many other factors that can affect the success of your business. In order for you to have a thriving business, you must possess many skills in running your business. If you do not have the appropriate skills necessary, then you either need to learn the skill your self, or hire someone to handle that part of the company. Depending on the needed skill, you can hire an outside professional, or an employee to handle that part of the business. The following questions helps you to determine if you have "ALL YOUR BASES COVERED" in running your business efficiently.

BUSINESS PLANNING

1. Do you know all the strengths and weaknesses of your business?
Yes ___ No ___
2. Do you have a business strategic plans for the future completed?
Yes ___ No ___
3. Do you have a Business Plans for financing purposes completed?
Yes ___ No ___

LEGAL SETUP

4. Is your business set up properly to avoid loss of personal assets?
Yes ___ No ___
5. Is your contracts reviewed by an attorney to ensure proper protection?
Yes ___ No ___

FINANCIAL MANAGEMENT

6. Do you have all the necessary financial information in-house to manage your business properly?
Yes ____ No ____
7. Is your cash flow adequate to cove all your costs, and then leave some for you?
Yes ___ No ___
8. Do you control your expenses properly?
Yes ___ No ___
9. Do you know how to price your products properly and know when to accept lower prices?
Yes ____ No ____
10. Do you know how to bid on projects properly to ensure a profit?
Yes ___ No ___
11. Do you know how to utilize your excess cash and invest it properly?
Yes ___ No ___
12. Have you and your accountant developed your tax strategies during the year?
Yes ___ No ___
13. Do you have an accountant to do your annual tax preparation and fillings?
Yes ___ No ___
14. Do you know when and where to use outside funding for your business?
Yes ___ No ___
15. Do you ensure that your company and you have adequate insurance or bond coverage?
Yes ___ No ___
16. Do you have Cost Effective Plans for you and your employees retirement; estate planning; key-man plans; medical, life, dental insurance coverage in place where needed?
Yes ____ No ____
17. Do you need a bank loan? Yes ___ No ___
18. Do you know when to lease business equipment? Yes ___ No ___
19. Do you have all the skills necessary in running a business properly?
Yes ___ No ___

SALES & MARKETING

20. Have you developed marketing strategies that works for any situation?
Yes ___ No ___
21. Have you done a thorough Market Research on your products or services you offer?
Yes ___ No ___
22. Have you used professionals to develop marketing materials to be used in any marketing campaign?
Yes ____ No ____
23. Have you trained your sales staff into being more effective sales people?
Yes ___ No ___
24. Do you use telemarketing effectively? Yes ___ No ___

ORGANIZATIONAL DEVELOPMENT

25. Are you using outside help when necessary to give you more time with your family?
Yes ___ No ___

INVENTORY CONTROL

26. Do you have good control over your inventory to keep costs down?
Yes ___ No ___

OFFICE MANAGEMENT

27. Is your office environment arranged for the best use of space?
Yes ___ No ___
28. Do you have a "quite area" in your house that you can concentrate and do your work effectively?
Yes ____ No ____
29. Is your office set up with the right technology for the best result?
Yes ___ No ___
30. Are you thoroughly familiar with all the software you are using on your computer?
Yes ___ No ___
31. Do you study your market or industry by doing daily reading?
Yes ___ No ___
32. Are you managing your "work time" effectively? Yes ___ No ___

CONCLUSION

Now that you have finished this test, are you happy with the results? If the answer is NO then contact The Profit Doctor for more information on how we can help you.

St. Louis Business Alliance, "The Profit Doctor" can help you to overcome any of the weaknesses you just discovered in your self or your business. Call us NOW to find out how we can help you overcome these weaknesses 1-636-936-1099 or E-mail: ProfitDr.Profit-Doctor.com