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1. Have you implemented a written business plan that will deliver profitable revenue growth?
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2. Do you leverage your business strengths to counter threats from competitors under cutting prices to win jobs? (e.g. reputation, quality of work)
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3. Are you using budgets and funding solutions to help manage cash flow?
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4. Have you identified your top 5 business risks and how to reduce them? (e.g. work flow, job activity, licensing, work place health and safety etc.)
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5. Are you using accurate financial information to regularly monitor your jobs costs and profit margins?
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6. Do you have a good spread of customers, so you could lose one without impacting your profit and cash flow?
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7. Are you effectively balancing your time between managing or completing jobs and growing your business?
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8. Do you have a medium to long-term strategy to 'get off the tools' and build business goodwill?
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9. When tendering or quoting for work, do your job costings take into account variations, delays, increases in materials and resource costs?
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10. If a trigger event were to occur are your personal, family and business assets protected? (e.g. ill health, bankruptcy, relationship breakdown, death/TPD)
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