Business Assessment Template

A business assessment helps you to achieve your company’s goals. It helps you to expand and grow your business in a smart and strategic way. As the company owner, you have to look at the strengths and weaknesses of your company – not your own, your partners or employees. The output of the assessment helps to identify the critical areas of the strategic plan. Taking the first step in this process will put you on a path to running your business more strategically. Think of it as an MRI for your business that compares your business to others in the same industry. The business assessment will help you to:

  • Discover weak points in your business strategy
  • Provide a foundation for smart business decisions
  • Discover insights into your business’ state of health
  • Discover what your business will sell for

Business Assessment Template

A business assessment helps you to achieve your company’s goals.

It helps you to expand and grow your business in a smart and strategic way. As the company owner, you have to look at the strengths and weaknesses of your company – not your own, your partners or employees. The output of the assessment helps to identify the critical areas of the strategic plan. Taking the first step in this process will put you on a path to running your business more strategically. Think of it as an MRI for your business that compares your business to others in the same industry.

The business assessment will help you to:

  • Discover weak points in your business strategy
  • Provide a foundation for smart business decisions
  • Discover insights into your business’ state of health
  • Discover what your business will sell for

Sign up now to customize the Business Assessment Template
To customize this template after signing up, choose ‘Business Assessment’ as example when creating a new survey.
To customize this template after signing up, choose ‘Business Assessment’ as example when creating a new survey.

The Importance of Business Assessments

To make it clear you don’t have to point out everything that’s wrong with your business. You have to look at it as a way to identify opportunities to grow your business. As an entrepreneur you have to make your own SWOT- analysis. But what does SWOT mean? Well, you have to look at your company ’s strengths, weaknesses, opportunities and threats, this is exactly what the business assessment does.

  • Strengths: these are positive qualities that can give something an advantage
  • Weaknesses: these are critical properties that may be detrimental
  • Opportunities: these are (a number of) circumstances that can bring potential benefits
  • Threats: these are (a number of) circumstances that can make a negative contribution to the intended goal.

A regular business valuation is beneficial to your success as an entrepreneur, knowing what makes your business valuable and desirable to potential buyers can steer you in the right direction and keep your business healthy throughout the years. This Business Assessment Template gives a good indication of what buyers will look at when buying your business.

Why use Survey Anyplace as Business Assessment Tool?

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Business Assessment Template

To use this sample business assessment, sign up for Survey Anyplace , and choose ‘Business Assessment’ as template when creating a new survey.

Tips on How to Conduct a Successful Business Assessment

  1. Be truthful when evaluating the condition of your business. It’s really in the best interest of your business to be objective during the business assessment process to get a clear, honest answer of what’s really going on in your organization. If it becomes too difficult to remain objective, you can always ask for help from a trusted advisor.
  2. Write down your progress. Give yourself credit for your achievements. Remember, a business assessment is not to beat you up for the business development that awaits you. Growing a business is an ongoing learning opportunity.
  3. Identify the next best piece of business development. Select the one or two opportunities you can achieve within the next three months. It will become too overwhelming if you focus on too many aspects at once.
  4. Repeat the business assessment process quarterly. Business assessments should be done periodically and should be included in your business planning cycle. By building a business assessment practice into your quarterly planning, it guides you through the growth and development of the essentials needed to grow your business to success.
  5. A business assessment should be designed to identify problems clearly to address things that you can change, and evaluate the impact of things you cannot.

Business Assessment Example Questions

As can be seen in the above sample, the business assessment should at least include the following element:

  • Questions about your company’s strengths e.g. “What are you doing better than your competitors?”
  • Questions about your company’s weaknesses e.g. “What should be avoided within the organization or the project?”
  • Questions about your company’s opportunities e.g. “ What interesting trends are there that the organization could respond to?”
  • Questions about your company’s threats e.g.” Are there any possible risks for the company?”
  • Questions determining industry outlook e.g. “ What is the outlook for your industry?”
  • Questions determining dependability
  • Questions about the financial situation of your company e.g. “What has been the trend for your revenues and profits over the past 5 years?”

It is essential that the assessment gives a carefully tailored answer depending on the responses. Our assessment software enables you to score every question and answer according to the importance of their role in determining business value.

Evaluate your business today!