Recession Readiness Assessment

1. Does your company have a written action plan for the next recession or major shock to your company’s system (i.e., losing your biggest customer)?*

Yes
Maybe/Some
No
I don't understand

2. Does your company’s leadership team understand and track basic economic indicators (for example, the yield curve and the unemployment rate)?*

Yes
Maybe/Some
No
I don't understand

3. Are your company’s vision, mission, and values documented in writing and exemplified daily through behaviors at all levels of the company?*

Yes
Maybe/Some
No
I don't understand

4. Does your company have a written, long-term, focused strategic plan and do you spend at least one day each quarter updating it?*

Yes
Maybe/Some
No
I don't understand

5. Does your company’s leadership team understand the financial health of its major customers and vendors?*

Yes
Maybe/Some
No
I don't understand

6. Is your company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin “best in class” for your industry?*

Yes
Maybe/Some
No
I don't understand

7. Does your company have five to ten percent of its next twelve months of estimated revenue as equity on your balance sheet?*

Yes
Maybe/Some
No
I don't understand

8. Does your company’s leadership team regularly meet with its bank representatives to discuss the company’s line of credit to ensure the limit is right for current and future business needs?*

Yes
Maybe/Some
No
I don't understand

9. Does your company’s leadership team know all restrictions in place on any company debt and do they review these “covenants” monthly to ensure compliance?*

Yes
Maybe/Some
No
I don't understand

9. Does your company’s leadership team know all restrictions in place on any company debt and do they review these “covenants” monthly to ensure compliance?*

Yes
Maybe/Some
No
I don't know

9. Does your company’s leadership team know all restrictions in place on any company debt and do they review these “covenants” monthly to ensure compliance?*

Yes
Maybe/Some
No
I don't know

10. Do your company’s owners regularly review any personal guarantees on company debt and are they actively working to reduce them to zero?*

Yes
Maybe/Some
No
I don't understand

11. Does your company have cash or debt available to fund growth?*

Yes
Maybe/Some
No
I don't understand

12. Does your company have a board of advisors that meets at least quarterly with the leadership team to help set plans for growth, ask challenging questions, and hold the team accountable for its action plans?*

Yes
Maybe/Some
No
I don't understand

13. Do you have an excellent company culture, hire only awesome people, and immediately exit people who are not awesome or who don’t fit your culture?*

Yes
Maybe/Some
No
I don't understand

14. Does your company have a continuous improvement process in place and do you regularly measure progress against established goals?*

Yes
Maybe/Some
No
I don't understand

15. Does your company’s leadership team have an accurate method of tracking its backlog, its current work in progress, and its pipeline of potential new work?*

Yes
Maybe/Some
No
I don't understand

16. Does your company have a method to track the productivity of each employee?*

Yes
Maybe/Some
No
I don't understand

17. Does your company’s leadership team compare actual financial results achieved against intended results at the completion of each project or quarter (whichever is most appropriate for your business)?*

Yes
Maybe/Some
No
I don't understand

18. Is your company’s customer base diversified?*

Yes
Maybe/Some
No
I don't understand

19. Is your company’s revenue diversified? Do you serve some market sectors that are counter-cyclical or unaffected by recessions?*

Yes
Maybe/Some
No
I don't understand

20. Does your company’s leadership team have a way to measure for early warning signs that your business is headed in the wrong direction?*

Yes
Maybe/Some
No
I don't understand

21. How did your business perform during the last recession (2008-2010)? Skip this question if your business didn’t exist during 2008-2010...

Yes
Maybe/Some
No
I don't understand

Step 1 of 3 - About You