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16 Important Questions

Howard Mann of The Business Brickyard shared 16 really smart questions that every business should ask. The answers aren’t as easy as you think.

  1. What products or services do you sell?
  2. What is your core purpose?
  3. What are the biggest opportunities for your organization/product/service?
  4. What are the biggest challenges/dangers to overcome?
  5. What are your unique abilities/strengths?
  6. Who are your customers?
  7. List your top 5 primary competitors and their specific strengths as you and/or your market see them
  8. Who do your target clients think of first when “shopping” your category?
  9. What is the biggest issue that is dragging down your entire industry?
  10. What do you dislike most about your market and/or your industry?
  11. What makes your business a “tough business”?
  12. What is your organization’s durable competitive advantage? In other words, what can you say that no one else can say?
  13. Your “Skyscraper” Business. Describe (in as much detail as possible) what you would want your business to be like 20 years from today. Revenue, profit, offices, clients, staff, etc…
  14. What are the medium-term goals of your organization? (Within 3 years)
  15. What are the short-term goals of your organization? (Within 12 months)
  16. If we were sitting one year from today, what (specifically) would have happened with your business to make you VERY happy with the results?

Suggestion: Put a note in your calendar to ask yourself these questions every six months.

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  1. Robinsh August 19, 2013 at 2:05 pm #

    I think my answer for the first question would go something like “I offer free event listing services for business event organizers of India”, and yeah if you have not clear objectives and business goals then these questions would be tough enough.

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