Take the TIPS Quiz and see how well you are doing in business
Through my many years of extensive business research, I have found that more than 90% of all business plans fail because they do not take into account predictable human behavior.
If entrepreneurs would simply take the 5-minute TIPS test, they would immediately see why their business plans are doomed to fail.
Answer the following ten questions on a scale from 0-10 (0 being the lowest and 10 being the highest)
1. How well does you product and/or service satisfy the needs of men?
2. How well does you product and/or service satisfy the needs of women?
3. How well does you product and/or service satisfy the needs of boys?
4. How well does you product and/or service satisfy the needs of girls?
5. Give yourself 5 points for every product you sell (max 10)
6. Give yourself 5 points for every service you sell (max 10)
7. How competitive is your market (10 means no competition - 0 is bad)
8. Does it cost a lot to make your product or service? (10 means low cost - 0 for high cost)
9. How long can you last in business with your current capital (10 means 1-2 years - 0 means no long)
10. How many international cultures can use your product or service (10 means a lot - 0 means not many)
NOW - ADD UP YOUR POINTS
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*** 80-100 You are doing well - congratulations - keep up the great work |
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** 60-80 You are making a nice living - however, there is room for improvement |
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* 0-60 You are having difficulty making ends meet and you need to rethink your strategy |
To make a lot of money in this difficult economy, companies must satisfy the needs of men, women, girls and boys by providing immediate value in the form of products and services that they can use and afford.
In order to do this, entrepreneurs must evaluate their products and services in four areas; cost, competition , cost, culture and capital.
Jeffrey Taylor can be reached at (602) 708-4981 or JeffreyArizona@aol.com