Most business owners have a basic vision for their business. Few, however, have a practical plan for growing and achieving the goals outlined in their vision statement. And it’s easy to get so caught up in the daily operations of running a business, that you don’t pause long enough to look at the overall health of your organization. A business assessment is an objective and unbiased analysis of your business that’s designed to provide a clear picture of where your business is, where it’s going, what factors are impeding growth, and what factors can help you get from where you are to where you want to be. The primary purpose of an assessment is to gauge how well your plant is managing and executing in areas that impact the bottom line and influence growth. There is no uniform method of conducting a business assessment. It looks different in every setting, situation, and organization. Assessments take on all sorts of angles and focuses. There are financial assessments, marketing assessments, tactical assessments, leadership assessments, management assessments. The SWOTT Analysis (Strengths, Weaknesses, Opportunities, Threats, and Trends) is perhaps the most widely used business analysis. The GPCT Analysis (Goals, Plans, Challenges, and Timeline) is also popular. Repeat the business assessment process quarterly. Building a business assessment practice into your quarterly planning guides you through the growth and development of the essentials needed to grow your business to success that is sustainable and predictable. A business assessment ensures your business has what it needs to deliver on your goals. It helps you expand and grow your business in a way that is smart and strategic. It provides a solid foundation for making sound decisions. Most importantly, the real power of a business assessment is the process itself. It’s the time when you put your business on pause, step back from the day-to-day grind of running your business, to objectively evaluate what your business needs to make sure it’s headed in the right direction.
Business Assessment consists of four slides. All slides in this template enable you to prepare a professional presentation on the Business Assessment topic. For example, you can prepare a company analysis using SWOT technology – Strengths, Weaknesses, Opportunities, Threats. This slide will be useful in preparing strategic development plans. The last slide of the template gives you the opportunity to divide your analysis into six phases – Planning Phase, Preparatory Phase, Evaluation Phase, Implementation Phase, Refinement Phase, Reporting Phase. The slides of this template will be useful for crisis managers when preparing a profit-increasing program. You can also break down your analysis into categories – Technology, Process, People. Then analyze each of the categories by answering questions. What are we? What are the risks? What will we do? Go it done! Did we succeed? This analysis will be useful to the manufacturing company and service providers. Conducting a Business Assessment is very important especially now during a pandemic. If necessary, you can independently change the size, color and position of the template elements.