This particular Assessment is designed to provide entrepreneurs a platform to receive valuable information on:
This amazing tool is part of our Vertex Business Accelerator Program. Clients who take this introduction assessment receive data that directs their attention to problem areas within the organization.
Every entrepreneur must take time to step back and evaluate where you are and how you're going to achieve your goals. Throughout the entire Business Maturity Model, you'll be faced with with challenges that can positively or negatively change the direction of your company. Having a strong understanding of the business is how successful business owners always seem to pivot when the economy changes. Knowing what move to make is just as important as knowing when to make the move. Establishing proper framework (systematic approach) and having this knowledge can eliminate 60% or more of the desperate decisions made by entrepreneurs who have found themselves struggling to survive.
Our goal is to persuade entrepreneurs to spend more time evaluating their business using assessment tools and surveys. The hope is that you will be encouraged to implement this activity and motivate your team to become part of the process.
This survey consist of a number of strategic questions that you can rate in relation to your current business position. The survey is divided into key elements that are part of our Vertex Businss Accelerator program. Each question (Element) comes from proven business models utilized by the top businesses around the world. Models such as TQM, Business Analysis, Malcom Baldrige, Lean & 6 Sigma tools and others. Each group of questions reflect the core compartments of any successful business. Read each question and answer as honest as you possibly can. Try to use your immediate response and capture all of your thoughts on a separate paper which will be helpful for establishing a game plan to corrective actions.
Once you've completed the survey, go back to your notes and respond to the questions you identified during the survey. You want to look for the following items:
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Now is the time to do some soul searching. Ask yourself if you still enjoy being an entrepreneur? You have to be honest with yourself. Being an entrepreneur has great benefits if you're building the right business. However, it can also have negative outcomes such as health, financial implications, and personal family strain if you have any doubts about your intentions.
Of course, winning is never instant and never is success building a business. Therefore, you'll do yourself a favor by focusing on improving your business every single day. You can't improve something that you can't identify and this is why we want you to take this time to find out where you are and what needs to be changed.
Next you want to add an evaluation date on your calendar. You want to review your business as often as needed. Some evaluate once a quarter, others bi-annually, and of course, you have those who do it once a year. There's no set time table that fits every business but if you're having problems in some key elements, it may be best to evaluate monthly. Its up to you and your situation to dictate that schedule. Just give yourself time for the change items to actually work before giving up on the results.
Remember, this is an introductory assessment tool. If you're truly committed to getting your business on track to amazing growth, schedule a FREE Strategy Call with our team. Bring your results with you and we'll take our time together and attack one or two of these items with you.
Good luck and we hope to hear from you soon.
Coach Scott A. Coulter, CLC/CVBC/LSSYB/MTi
Co-Founder, Vertex Business Solutions