Complete business evaluation and advisory form
Initial business assessment score
YOUR TOTAL POINTS
Focus on further growth, development and diversification.Recommendation
This questionnaire will help you assess your business activities according to the counsels of syedna aali qadr mufaddal saifuddin TUS. It will help affirm strengths and identify weaknesses and areas, that need attention. It should take about ten minutes to respond to the questions and evaluate.
Directions: please respond to all the questions. Be open and honest! For each question, circle only one option to indicate your answer. After you have responded to all of the questions, submit your form to view score and interpret results.
“Success in business is only achieved when one remains grateful to allah ta’ala and his beloved, remembering them constantly”.
Does the applicant have any technical skills? *
Debt *
Is the applicant currently taking or giving loan(s) on interest? *
Describe applicant's occupation in detail (Minimum 2-4 sentences)(Years of experience, business knowledge, Roles & responsibilities and etc.) *
Proposed business outlet *
What are the current problems/limitation's faced by the applicant to start the business? *
To resolve the applicant's problems/identified limitation's, what are practical solutions that are being proposed to help the applicant? *
How much financial assistance is required?
The financial assistance will be used for? *
Will yoube having clear roles/ responsibilities for all the employees of the company? *
If the employees desire to leave the company, will yoube having a succession plan in place? *
If there are any future requirements, will your company be having an effective HR plan? *
Will your company be having a system that allows its employees, to maintain and access their documents digitally? *
Will the company provide training of any manner to its employee(s)? *
If yes, mention them: *
Will your business monitor and analyze the teams progress, their strengths and weaknesses? *
Will you conduct 360° feedback with your employees (Giving and taking feedback from employees as well about you and your company)? *
Will your company provide incentives to its employees, if applicable? *
How often will the company give salary increments to the employees? *
Will your company have a team / vendor to handle and manage IT related operations? *
If yes, in case of backup and recovery of data, will the team be reliable and efficient? *
Will your business require you to deal in duplicate or counterfeit merchandise? *
If yes, will you inform your customers beforehand? *
If required to close a deal, will you over promise to your customers? *
In case of financial requirement to grow your business, where will you take help from? *
If you are in a family business or be having a partnership firm, will your partnership deed be drafted according to ShariatMohammediyah? *
Will your company follow accounting practices which conform to accepted standards? *
Will financial statements including the balance sheet, income statements and cash-flow statements be prepared on timely basis by your company? *
Will your company have an accountant who manages all the statements? *
Will you keep digital records of your accounts? *
If yes, what software will you use to maintain your digital records? *
In cases of unforeseen issues, will your company be having a strong budget and cash flow (funds) in place? *
Will you be profitable (upcoming 6 months)? *
Have you ever defaulted on your debts in past? *
Are you having any debts that will take longer than 1 year to pay off (other than Qardan Hasana)? *
Will you ever be doing diversification review of your business? *
If yes, have you calculated your specialized and related ratios (top product / services against other related product/ services)? *
Will you have a 1-to-2-year business goals defined? *
If yes, will yoube having the business plan written down? *
Will your company review business strategies and performance every 3 months? *
Will your business follow a process to identify & manage risk? *
During recession or any other unforeseen outbreaks such as COVID 19, how long can your business manage to sustain? *
How will you rate your business performance? *
If your business is growing, is it forecasted to remain strong in the future? *
If your business is declining, how long will you be able to sustain at the current pace? *
Rate your customer experience *
Will you be satisfied with the quality of services provided by your company? *
Will you beable to meet and effectively manage your business capacity? *
Will you get referrals from your existing clients? *
Will you help mumineen to start their own business? *
Will your business be targeting the right audience? *
Based on the competition in market, what kind of strategy will your business opt for? *
How often will you do a competitor analysis? *
Why will your customers buy from you and not your competitors (USP)? *
Are competitors in this market selling products on long periods of credit? *
Will you use Customer Relation Management to keep track of your leads/ customers? *
Where and how will you sell your products & services? *
Will your business be having a website? *
Will your business connect through social media? *
At a given time, will you know how much inventory you have? *
Will you connect with associates or experts in your industry? *
Will you visit offline events or exhibitions related to your product/ services? *
Will you read blogs/ newsletters/ articles to keep track of the latest trends in your industry? *
Will your business have a proper quality control procedure in place to minimize poor quality for products / services? *
How often will yoube attending seminars and workshops? *
Will you consult with your elders/ experienced regarding the key decisions in your business? *
Will your business conduct surveys to understand and improve services and customer/ client retention? *
Purchase of goods *
Sales of goods *
Will yoube having your own salary defined? *
In case of any financial disputes, what will you think is the best way to get your issues resolved? *