growth strategies

Business Navigation Questionnaire




1. What initially got me started in my business or career (what motivation, occurrence, etc.)?
2. When I first started, where did my clients or promotions progress come from (what process, method, or action did I use)?
3. Why did clients originally buy from me (or buy me)?
4. Why do clients buy from me (or buy me) now?
5. What primary method of generating clients was used to build my business/career?
6. Which of my marketing or sales efforts brought in the bulk of my sales or clients? What percentage of my business comes from this particular effort?
7. Do I test the various aspects of my marketing and selling activities to make sure they are producing the best and most profitable results?
8. How well connected or how involved am I with my clients at the sales/networking or transaction level (do I still sometimes take orders or sell or follow up)?
9.

What ongoing sales/networking efforts do I personally perform today? How do these functions differ from those I performed when I started my business/career?

10. Where do my clients come from specifically (demographics)?
11.

Would I rather attract more new clients or garner more money from my existing clients, and why?

12. Who else benefits from my success, excluding my clients, my employees, and my family members?
13. How many of my suppliers/business colleagues would be motivated to help me grow my business more because it will directly benefit them at a very high level? Who are they?
14. When I create a new client for my business or profession, who else have I directly created a new client for?
15. Describe completely what my business/career does (what I sell, how I sell it, and whom I sell to by industry, commercial category, or specific niche).
16. What is my business philosophy as it relates to my clients?
17. How have my methods for doing business, or the product or service line(s) I market, changed since the inception of my business?
18. What are my sales per employee or personal/departmental performance levels? Is that above, below, or equal to my industry average?
19. What is the lifetime value of my typical client (or my contribution to explore) (i.e., how much revenue will he or she generate for me over the entire period he or she does business with my company)?
20.

What is the biggest client complaint about my company, and how does my company successfully address this problem?

21. What is my unique selling proposition or USP? (Why do my clients buy from me-what is it about my product and/or service that distinguishes me from my competition? Do I have more than one USP for different product/service lines or segments of my business)?
22. Is my USP a consistent theme in all of my marketing and sales efforts? If yes, how, and if no, why not?
23. Briefly describe my marketing program or marketing mix (all the different types of marketing I use and how they interrelate- i.e., sales letters, direct mail, direct sales, personal networking inside, outside my company, industry, marketplace, Yellow Pages, spot advertisements, etc.).
24. Who are my biggest competitors and what do they offer that I do not?
25.

What steps do I take to offset their advantage? Are they working?

26.

What is my competition's biggest failing, and how do I specifically fill that void?

27.

What do my clients really want (be specific, don't just answer "a quality product or service") How do I know?

28. Do clients buy from me exclusively or do they also patronize my competitors? What steps can I take to get the main portion of their business (preempt and dominate)?
29. What's my market potential (universe) and my current share of that market?
30. What does it cost me to get a new client? (If I ran an advertisement that cost $1000 and I obtained two new clients, my cost would be $500.) Translate this to whatever your acquisition cost is.
31. What is my biggest and best source of new business, and am I doing everything possible to secure this business?
32. What has been my biggest marketing success to date (defined as a specific promotion, advertising campaign, sales letter, etc.)?
33.

What is my biggest marketing problem or challenge today? Describe it in its entirety as candidly and directly as possible, including personal, financial, and transactional implications it may impose.

34. How many better ways could I reduce the risk of transaction, lower the barrier of entry, or reduce the hurdle for my client to make it easier for that person to do business with me?
35. After the initial sales, are there systematic, formal methods I use to communicate and resell to my clients-strengthening the relationship and bonding them to me?
36. Do I have an adequate supply of client testimonials, and is there a system in place for their capture? Are they written, on audiotape, or on videotape, and how are they used in my marketing? Also, can I measure, compare, or quantify the tangible impact I make on my clients?
37. Do I actively solicit referral business?
38. Have I ever tried to reactivate my former clients and unconverted prospects? Do I maintain systematic contact?
39. Have I ever tried selling a list of my unconverted prospects to my competitors, or turning enemies into allies?
40. Do I make consistent efforts to communicate with my clients about what my company is doing to help them?
41. In what ways do I try to up-sell my clients?
42. Do I need to make money on first-time buyers, or am I satisfied with only making it on the back end (reorders), short or long-term strategy.
43. Do I ever barter my products, services, or assets with other companies in exchange for their products, services, or assets?
44. What kind of guarantee or warranty do I give my clients, to take away the risk of the transaction, and how does it compare with my competitors' or what the industry at large offers?
45. What is my client attrition rate?
46. How do I capture the names, addresses, and phone numbers of all my clients and prospects? Do I use them in my marketing programs?
47. What is my average order, transaction size, amount, and what are the steps I can take to increase it?
48. How much is the initial sale to a new client worth?
49. Do I use a list broker or data experts? If not, where do I get my prime prospect names?
50.

Do I joint venture my client names with other companies? If so, what were the results?