200 Point Business Checklist
• John Vandivier
It's not actually 200 points at the moment, but here's the checklist:
- Do you have an accounting issue?
- Do you have dedicated accounting staff?
- Do you have dedicated accounting software?
- Consider some.
- QuickBooks
- Quicken
- PeachTree
- Bookkeeper
- Excel is OK for very small ventures (Once there are more than 5 people, including owners, consider dedicated software.)
- Consider some.
- Do you have an SOP for accounting procedures?
- You need one. Develop one.
- Do you have a labor issue?
- Quantity?
- Do you offer internships?
- Pay competitive wages?
- Offer competitive benefits?
- Quality?
- Would making the hiring process more rigorous help?
- Do you have a sufficient training budget?
- What are the differences between your good and bad employees?
- Noticed during the hiring process?
- Noticed afterwards? Consider an evaluation if the answer is unknown.
- Quantity?
- Do you have a reputation issue?
- How was the issue identified?
- Who is saying what?
- How can we treat the symptom of low reputation?
- How can we treat the disease which caused low reputation?
- Do you have a marketing issue?
- Do you have a branding issue?
- Colors?
- Logo?
- Name?
- Slogan?
- Do you have a marketing effort issue?
- Spend?
- Mix?
- Implementation?
- Do you have a branding issue?
- Do you have a capital issue?
- Marginal benefit
- Do you have a money issue?
- Do you have a performance issue?
- Competitive analysis.
- Do you have a profitability issue?
- Long term or short term?
- Long term
- Savings plan issue?
- Short term
- Demand or supply issue?
- Long term
- Tax issue?
- Long term or short term?
- Do you have a growth issue?
- Business plan
- R&D
- Do you have a legal issue?
- Can it be resolved with a decent lawyer?
- Can it be resolved with certain legal agreements?
- Can it be resolved by taking business online/offline?
- Can it be resolved by changing business location?
- City?
- County?
- State?
- Country?
- Do you have an issue where the root is unknown?
- Consider a business evaluation. Like an in-person one. Not an automated one like this. Because automated ones can only output a solution when the proper information is input, but in-person evaluators can uncover the proper information where it does not yet exist.
- Do you have a quality website?
- Website exists?
- Traffic level?
- SEO?
- Bounce rate?
- Conversion rate(s)?
- Ad.
- Sales.
- Social.
- Search Engine.
- Other.
- Do you have a data issue?
- Do you have an email list?
- Do you have a contact or consumer database with more than names and emails? What about phone numbers, mailing addresses, age, gender, and more?
- Point of Sale data collection.
- Systematic data collection.
- Do you have an email list?
- Do you have a social issue?
- Favor social connection over performance in the hiring process, sales process, or B2B interactions?
- Social connection over performance can be acceptable from a business perspective if and only if those social connections result in gains to the business in excess of their costs to the business.
- Intra-firm interpersonal conflict?
- Conflict between consumers and the firm?
- At large or identifiable individuals?
- Look for reputation issues as well.
- Favor social connection over performance in the hiring process, sales process, or B2B interactions?
- Do you have a structural issue?
- Size or scale issues?
- Layers of management?
- Centralization? Legal structure?