Small Business Stability Questionnaire
KEY POINT: Please try to respond from the perspective of an employee or key adviser.
Please provide main industry of operations
Primary industry:
0/75
Experience and Support
1. How many years has this business been in existence?
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5 or more years
3–4 years
2–3 years
1–2 years
Less than 1 year
2. Including all businesses they may have owned, how many total years experience does the owner/operator have running a business?
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5 or more years
3–4 years
2–3 years
1–2 years
Less than 1 year
3. Is the owner/operator aware of their strengths and weaknesses?
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Yes
No
4. Does the owner/operator intentionally surround themselves with a team to complement their weaknesses?
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Yes
There are team members who are available to provide support in specific areas of need, but it wasn't planned or intentional
No
5. Does the owner/manager have a mentor or experienced and trusted advisor?
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Yes
No
Business Structure and Environment
6. Does the company have a mission and a vision statement?
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Yes, the organization has both statements
We have a mission statement but no vision statement
We have a vision statement but no mission statement
No, we don't have either statement, what are they and are they important?
7. When was the last time your long-term business plan was updated?
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5 or more years ago (0)
3-4 years ago (0)
2-3 years ago (2)
1-2 years ago (3)
Less than 1 year ago (0)
N/A - Plan does not exist (0)
8. Are roles, responsibilities and objectives clearly documented and understood by all personnel?
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Yes
No
9. Are company and personal annual goals written and measured?
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Yes
No
10. Are goals and targets regularly achieved?
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Yes
No
I'm not really sure
11. Do you track KPI's (Key Performance Indicators) in the business?
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Yes
No
12. Which group of words best describes the work environment / culture?
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Innovative, Collaborative, Empowering, Results-Driven, Growth-Oriented, Agile, Fun, Respectful, Positive, Inclusive
Formal, Established, Structured, Competitive, Risk Averse, Fast-paced
Rigid, Bureaucratic, Stressful, Cliquey, Controlling, Hierarchial, Demanding, Hostile, Toxic
13. How would you describe a typical day at the company?
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Calm, structured and organized
Fast paced and fun
Frequently stressful but manageable
Pure Chaos
Risks
14. Does the business have appropriate insurance coverage?
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Yes
We have some but need broader coverage
No, we have exposure
15. Is there a documented contingency or disaster recovery plan?
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Yes
No
16. Are critical business data and systems backed up at least daily?
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Yes
No
17. Is there a succession plan if the owner or a key person is unable to work?
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Yes
No
18. Your top 3 clients/customers (combined) make up what percentage of your annual revenues?
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Greater than 75%
Between 60 and 75%
Between 50 and 60%
Between 40 and 50%
Less than 40%
Striving for Success and Willingness to Adapt
19. When was the last time the company evaluated your key products and services product / market fit?
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Within the past 6 months
6 months to 1 year
Between 1 and 2 years
Never
20. How often does management seek out new technologies, efficieniencies and / or product offerings?
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Quarterly
A few times a year
Once a year
Almost never
21. Is the owner open to changing strategies based on market feedback or performance data?
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Yes
No
22. How would you describe your company's utilization of AI?
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Extensive deployment, and we consider ourselves ahead of the competition.
Have deployed it for multiple uses, it has increased productivity and saved considerable time and money
We are trying to keep up with the rapid changes but don't know how effective our attempt at utilization has been
We have started to read about it, but have yet to try to deploy it for any work processes
We continue to stick our heads in the sand and pretend it isn't changing the business landscape
Financial
23. Who handles all of the forecasting, accounting, and recordkeeping?
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The owner / manager
Internal staff
Internal or external staff with an accounting degree
24. Does owner / operator believe the financials are accurate, up to date, complete and reliable?
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Yes, they are trusted and relied upon
We rely on them to evaluate the business, so I certainly hope that they are accurate and complete
I really am not sure, nobody has reviewed them
We know for a fact that they are not reliable
25. Is there a budget or forecast used to manage the business?
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Yes
No
26. Does management understand the financial statements well enough to make the critical business decisions that are required?
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Absolutely
I/we think so
No
27. How would you describe your visibility to cash flow over the next 90 days?
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The organization has a clear and reliable projection
We hope that we will have enough cash on hand to cover payroll and bills
It is a guessing game, but my intuition hasn't failed me yet
28. How much would the organization benefit by having a strategic advisor who would provide clarity, structure and guidance in the decision making process, and make you aware of potential blind spots?
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The organization would absolutely benefit from that support, and it would certainly achieve new levels of success sooner than without that guidance
The benefits are clear and obvious, but we are small and not sure we are ready for it yet
I wish we could, but money is tight and not sure we can afford to bring on that type of resource
We don't need help and are confident that we will be successful without that guidance
Please list any other concerns about your organization that you feel are Areas for Improvement and/or Added Focus
Upon hitting submit, your responses will be evaluated. Please provide a name and email to receive the results
Name
First Name
Last Name
Email
example@example.com
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