check

Willem Haarhoff's 2-Minute Taste-Test On Measuring Success

Before you get stuck into the recipe, test your skills in this supa quick 10-step assessment below. Then, try again at the end to see your improvement. 

Click below to begin the assessment.

Start

Question 1 of 10

How did Willem and his partners come up with the name of their new company?

A

They drew straws.

B

They played word games.

C

They paid a marketing consultant.

Question 2 of 10

Storytelling as an approach to sales and business development works because______.

A

Everybody loves a good story.

B

Not everybody likes facts and figures.

C

It gives salespeople more flexibility.

Question 3 of 10

What is the starting point when it comes to pricing your product or service?

A

What the competition charges for a similar offering.

B

How much you want your annual profit share to be.

C

The basic arithmetic to figure out how much you need to charge to survive.

Question 4 of 10

What allows you to charge a premium for the value you offer?

A

The human science element of pricing.

B

The prestige of your brand.

C

The prestige of your client list.

Question 5 of 10

What is the most important measure of business success?

A

Seven-figure turnover.

B

Listing on the stock exchange.

C

Leaving a meaningful legacy.

Question 6 of 10

A budget gives you a goal to achieve and is a tool for _________________.

A

Accountability.

B

Business planning.

C

Performance measurement.

Question 7 of 10

What are the two numbers every business owner should have at their fingertips?

A

Cash-burn rate and runway.

B

Cash-burn rate and turnover.

C

Gross margin and runway.

Question 8 of 10

A budget and a forecast are essentially the same thing.

A

True.

B

False.

Question 9 of 10

What is the most important accounting principle for entrepreneurs to know?

A

The difference between a debit and a credit.

B

The difference between gross and net profit.

C

Accounting services is not a grudge purchase.

Question 10 of 10

What is the most basic business measurement entrepreneurs should have in place?

A

A system that helps you understand what drives your sales.

B

A system that keeps track of employees’ time and attendance.

C

A system that tracks your website SEO.

Confirm and Submit