Our quiz is not only FUN, but you will receive 2 complimentary tickets to our next CEO seminar for completing it!

Here is a brief test of your business knowledge:

1.  A "small" business is defined as $1 million in sales or less $2 million in sales or less $5 million in sales or less $10 million in sales or less $50 million in sales or less

2.  On average, small businesses have better profit margins than large businesses True False

3.  According to Dun & Bradstreet, what percentage of small business failures can be traced to poor management from lack of knowledge 10% 25% 50% 90%

4.  According to a study by the Forum Group, the reason(s) customers defect is  100% Price 50% price, 50% poor service You cannot control why customers leave 15% prefer other vendor, 15% price, 70% poor service

5.  The popular book Rich Dad, Poor Dad states that your professional life can be classified as: having a job, self-employed, investor, or owning a business.  The author's definition of "owning a business" is   Experience the typical headaches of business ownership Having more than 5 employees Have a physical location You could pay a quality person to run the business for you & still have money left over

6.  A simple yet powerful analysis tool is "SWOT" analysis.  SWOT stands for Soundness, Weaknesses, Options, Teamwork Soundness, Weaknesses, Opportunities, Teamwork Strengths, Weaknesses, Opportunities, Threats Strenghts, Weirdness, Ornriness, Timelessness

7.  The Boston Consulting Group Matrix helps businesses allocate resources between business units based on growth and market share.  The labels are:  Winners, Losers, Newbies, Duds Cash Cows, Winners, Losers, Question Marks Cash Cows, Stars, Question Marks, Dogs Good, Bad, Ugly

8.  According to The Emyth, by Michael Gerber, the single biggest mistake made by business owners is Being too easy on employees Working in their business, not on it Not working hard enough Not having an MBA

Occasionally, we offer CEO informational breakfasts on topics of interest to CEOs.  Past topics have included: sales, marketing, cash flow management, technology forecasting, IT, and general management.  Click on "CEO Seminars" to view information on our next meeting.

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