1 Do you control your business the correct way ?
2 Do you know how to delegate and the benefits of delegation ?
3 Do you understand the dangers of journal entries ?
4 Are you aware of the proper method of
recording business transactions ?
5 Do you know how to properly cost your sales ?
6 Do you understand the power and magic of break even analysis ?
7 Do you understand electronic recording ?
8 Are you able
to read and understand financial statements ?
9 Are you able to interperate financial statements ?
10 Are you able to get the most out of your employees ?
11 Are you able to properly budget a profit forecast ?
12 Are you able to
prepare a cash flow ?
13 Do yo understand the difference between a partnership and a corporate ?
14 Do you know the responsibilities of being a director ?
15 Do you know the difference between an accountant and an auditor ?
16 Are you aware of the different sources of obtaining capital for your business ?
17 Do you know what to look for when buying or selling a business. ?
18 Do you understand the basic concept of taxes ?
19 Do you know the
implications of selling on credit ?
20 Are you aware of your rights if one of your customers goes into bankruptcy ?
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