Business Assessment

  • The Millennia Business IQ Test

    Start the Test

    Read This Before You Begin

    Congratulations on your decision to invest a few minutes of your time to gain some insight into your business knowledge, or lack thereof— I assure you, it will be time well invested

    I’d like to offer a single piece of advice for getting the most out of this test.

    Answer the questions honestly.

    There is nothing to be gained from guessing or pretending to know the answer.If you are unsure, or you don’t know, be honest with yourself and answer accordingly.

    The aim of this test is to provide you with a summary of areas where you can improve your knowledge of business and answering dishonestly will only provide you an inaccurate reflection of your current understanding.

    As Confucius once said… ‘Real knowledge is to know the extent of one's ignorance’.

  • 1 of 25

    Which of the following best describes your business?

  • 2 of 25

    Which of the following best describes your business?

  • 3 of 25

    Which of the following best describes your average workday?

  • 4 of 25

    Which of the following best describes your business?

  • 5 of 25

    Is customer satisfaction important to you and your business? Do you know the percentage of your customers who are satisfied customers?

  • 6 of 25

    Which of the following best describes your business?

  • 7 of 25

    How do your customers define quality as it relates to your product or service?

  • 8 of 25

    When an issue arises in your business, what is generally the underlying cause of the problem?

  • 9 of 25

    As a business owner, what makes you an effective leader?

  • 10 of 25

    When you are interrupted by a team member with a question or issue, what is your typical first response?

  • 11 of 25

    Which of the following do you think best defines communication?

  • 12 of 25

    At its core, what is the sole purpose of a business?

  • 13 of 25

    When a potential buyer looks at a business, what is the most important factor guiding their potential purchase?

  • 14 of 25

    Which of the following best describes your knowledge of recurring revenue?

  • 15 of 25

    How many systems does your business have in place?

  • 16 of 25

    In your mind, which of the following is the essential measure of effectiveness in a business system?

  • 17 of 25

    If you were to analyse your time on any given workday, what percentage of your day is dedicated to activities that directly generate income?

  • 18 of 25

    If you stepped completely away from your business for 3 months with no contact whatsoever, what would your business look like when you returned?

  • 19 of 25

    If you spent $10,000 on advertising across various mediums, and you got $100,000 in sales as a result, is your advertising well spent?

  • 20 of 25

    Which of the following best describes your understanding of business systems?

  • 21 of 25

    Which of the following two factors when present leave a business stuck in the condition known as the ‘Price Point Pitfall’?

  • 22 of 25

    Looking at it through the eyes of a potential buyer, which of the following attributes make a business more valuable?

  • 23 of 25

    Is experience an important contributor to success in business?

  • 24 of 25

    How would you describe your business journey so far?

  • 25 of 25

    Which of the following best describes you?