12 Key Metrics to Analyize Your Organization’s Ability to Succeed

1. Is the organization performing at your expected level?

Yes    No

2. Do you have the necessary skills, risk tolerance and commitment to continue to make it successful?

Yes    No

3. Have you determined that you have the proper business form to meet your future needs (i.e.- Sole Proprietor, S-Corp, LLC, etc.)?

Yes    No

4. Have you determined the amount of capital you will need to meet your future requirements and do you have access to this level of funding?

Yes    No

5. Do you have a measurable set of strategic goals and objectives and have they been communicated to the entire organization?

Yes    No

6. Do you have a written business plan?

Yes    No

7. Do you clearly understand the market for your product (who are your customers, where are they, what are they willing to pay for your product or service, how will you reach them, etc.)?

Yes    No

8. Have you determined the need and timing for additional personnel?

Yes    No

9. Are you positioned correctly to meet your competition and allow your organization to hold or gain market share?

Yes    No

10. Are your business and operational processes effective?

Yes    No

11. Do you believe you’ve identified all the barriers that exist for your business to be successful (availability of raw materials or supplies, facilities, capital equipment, patented processes, technology, market timing, regulatory issues, growing to rapidly,etc.) and have a strategy to meet these issues?

Yes    No

12. Do you have advisors, mentors, board of directors or a support structure in place to monitor your progress and offer solutions to correct problems?

Yes    No