THE FUTURE PROOF BUSINESS QUIZ
Recent data from Companies House confirms that only 28% of businesses survive more than 10 years and only 10% survive more than 20 years.
Do you want to defy this norm of company failure and become a resilient and sustainable business into the long term?
Discover your Future Proof Business Score right now:
It’s FREE and only takes 6 minutes. It is multi-choice so no wrong answers.
See your score instantly.
Identify Key Area(s) of Improvement.
Discover what area(s) you should be focusing on to best future proof your business.
Personal PDF report with detailed feedback.
Receive a PDF report with detailed information about where you are right now, and what you can do to improve.
6 Areas of Your Business You Must Future-Proof
Discover where you are right now and how to improve.
Better Decision Making
Accurate and up-to-date financial data is essential to making better decisions. How do you keep the records in your business?
For any ambitious entrepreneur aiming to build a better future, you have to have the best data possible on which to base your decisions.
Safeguarding Your Assets
As a business owner you will have probably built assets and created wealth but how are you protecting these?
Ambitious entrepreneurs are not averse to taking risks but they also want to protect what they have today and in the future.
Cash Resilience
Ambitious entrepreneurs don’t just want to survive an economic downturn.
They want to be in a position to take advantage of the opportunities that arise from having a war chest of cash as they continue to build better futures.
Greater Profit
Greater profit typically leads to more success and ultimately more freedom. Ambitious entrepreneurs want to build more than a lifestyle business.
How are you growing your business? Is this growth sustainable?
Passion, Focus And Accountability
Building a better future for you and your family does not happen by accident. What is your vision and what are your goals?
How will you make sure you get there and on time? Who is holding you to account as you follow your journey and what happens if you take a wrong turn?
Legacy And Freedom
Ambitious entrepreneurs want to build a business they can sell or pass on to a successor. To do this they are looking to maximise the value of their business which usually means having a great team around them.
What systems and processes are in place to ensure your business is not solely dependent on you?
Discover your Future Proof Business Score Right Now:
100% free. Takes 6 minutes. See your results instantly on completion.
From the Learning Center
Why is it important to set up processes and systems for a business to be successful?
Setting up processes and systems is essential for a business to be successful for several reasons: Efficiency: Having processes and...
Why is it important to work on your business rather than just in it?
Working on your business means focusing on the bigger picture and long-term goals of the business rather than getting caught up in...
What does SWOT analysis mean and why is it important for businesses?
SWOT analysis is a strategic planning tool used to evaluate a business or project's strengths, weaknesses, opportunities, and threats. The...
Is there any evidence that writing down goals and having them visible improves success?
Yes, there is evidence to suggest that writing down goals and keeping them visible can improve success rates. Research conducted by...
Why is it better for a business to have a niche rather than be a jack of all trades?
Having a niche is generally better for a business than trying to be a jack of all trades for several reasons: Specialisation: When a...
How do I work out which customers are profitable and which are making losses?
To determine which customers are profitable and which are making losses, you'll need to gather and analyse data about your customers'...
How do I calculate my breakeven point and why is it so important to understand?
The breakeven point is the level of sales where the total revenue received by a business equals its total costs. In other words, it is the...
What is the ideal level of cash savings that a business should hold to protect itself from future downturns?
There is no one-size-fits-all answer to the ideal level of cash savings that a business should hold to protect itself from future...
What is the cash conversion cycle and why is it important to understand?
The cash conversion cycle (CCC) is a financial metric that measures the length of time it takes a company to convert its investments in...
Why have a Power of Attorney?
A power of attorney (POA) is a legal document that grants a designated individual (the agent or attorney) the authority to act on behalf...