Families in Business

1.1 Rate your level of concern regarding the following issues:
[1 - No Concern | 5 - Major Concern]

• Competition Select 1 2 3 4 5
• Changes in business conditions Select 1 2 3 4 5
• Declining profits Select 1 2 3 4 5
• Amount of time spent with family Select 1 2 3 4 5
• Health and wellbeing Select 1 2 3 4 5
• Access to funding Select 1 2 3 4 5
• Willingness to increase debt Select 1 2 3 4 5
• Loss of key staff Select 1 2 3 4 5
• Absence of family successor Select 1 2 3 4 5
• Limited sale options Select 1 2 3 4 5
• Lack of potential buyers Select 1 2 3 4 5

2.1 What stage are you at in your business?

2.2 Rate your level of understanding of the following: [1 - Low | 5 - Excellent]

• Growth Planning Select 1 2 3 4 5
• Succession Planning Select 1 2 3 4 5
• Estate Planning Select 1 2 3 4 5

2.3 Do you have a detailed plan for the future growth of your business?
Yes No

2.4 When do you consider growth planning to be important to your business?
Now
< 1 Year
1-5 Years
> 5 Years

2.5 In two sentences outline your growth plans.

2.8 In two sentences outline your succession plans.

3.1 Which of the following barriers prevent you from developing and achieving your growth and succession goals?
Time
Understanding of needs
Limited Knowledge
Cost       
Advice and Support   
Other

4.1 Do you know how much your business is worth today? And what it will be worth in the future?

4.2 Which of the following do you consider to be the most important in maximising the value of your business?
Sales Growth
Profit Improvement
Best Practice

5.1 Best Practice [1 - Strongly Disagree | 5 - Strongly Agree]

• I can produce accurate and timely financial reports Select 1 2 3 4 5
• I improve my business and management skills through regular training Select 1 2 3 4 5
• I regularly conduct market and customer analysis Select 1 2 3 4 5
• I have HR policies for staff recruitment, management and retention Select 1 2 3 4 5
• I believe the business can operate without me Select 1 2 3 4 5                  

5.2 Lifestyle [1 - Strongly Disagree | 5 - Strongly Agree]

• I spend time with my family as often as I would like to Select 1 2 3 4 5
• I enjoy my work Select 1 2 3 4 5
• I spend time doing things I enjoy Select 1 2 3 4 5
• I can be available if a friend needs my help Select 1 2 3 4 5
• I pay attention to my diet and overall health Select 1 2 3 4 5

5.3 Growth

• Do you believe opportunities exist for you to grow your business? Yes No Unsure Select
• Do you own your business premises? Yes No Unsure Select
• Are you interested in buying a similar business? Yes No Unsure Select
• Do you have enough capital to grow your business? Yes No Unsure Select
• Are you interested in your management and staff Investing In the business? Yes No Unsure Select

5.4 Succession

• Are you willing to transfer control of the business? Yes No Unsure Select
• Have you set a retirement date? Yes No Unsure Select
  
• Is there a potential family successor? Yes No Unsure Select
• Have you determined a value for the business? Yes No Unsure Select
• Is the business ready for sale? Yes No Unsure Select

5.5 Estate Planning

• Do you have an estate plan? Yes No Unsure Select
• Do you have a valid will? Yes No Unsure Select
• Do you an enduring power of attorney? Yes No Unsure Select
• Do you have a business succession agreement? Yes No Unsure Select

Your Name:

Company Name:

Position:

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