Mentor Group Application

Interested in moving to a Mentor Group?  Complete this assessment to see if you meet the parameters.

To move to a Mentor Group in Roundtables, you must meet the following criteria:

Company Profile

  1. Your company must have produced a minimum of $2,000,000 in annual revenue in your last completed fiscal year.
  2. Your company must have been actively in business for a minimum of 10 years.
  3. The Retained Earnings of your company must show as a positive number on your balance sheet.
  4. Your Total Owners Compensation (Personal compensation and Net Profit before profit sharing bonuses) must reach a minimum of 4% of Revenue as a three-year average.

Roundtables Best Practices

You must be able to answer in the affirmative to the following statements:

My fellow members and current group would agree that

  1. I actively participate in meetings, offering succinct, practical insights.
  2. I arrive for all Roundtables meetings on time, prepared and ready for engaging discussions.
  3. I participate in the MicroBoard Phone Groups consistently.
  4. I consistently meet the commitments that I make to my peers in our Roundtables Group.

 

In addition, Mentor members must reach a minimum 75% out of 100% score when completing the assessment accessed here.

 

Following are the assessment questions for you to review. Your score will be delivered at the completion of the assessment.

Part 1: Your Role

1) How much of your time is spent fighting fires and fixing problems?*

( ) 0-10%

( ) 11-25%

( ) 26-50%

( ) over 51%

2) If you took a 3 month hiatus, your company would:*

( ) Go on as normal, without a hitch

( ) Suffer a little, but survive

( ) Suffer a lot, but probably survive

( ) Be unable to function without me

( ) Unsure what would happen

3) How much of your company’s revenue is sold by you?*

( ) None – I don’t sell anything

( ) 1-25%

( ) 26-50%

( ) 51-75%

( ) 76-100%

( ) I don’t know

4) Which areas are you primarily responsible for (check all that apply)*

[ ] Sales

[ ] Design

[ ] Estimating

[ ] Production Management

[ ] Marketing

[ ] Financial Management

[ ] Bookkeeping

[ ] Carpentry / Hands-on Construction

 

Part 2: Your Staff

7) Which of these key managers do you have on staff (check all that apply).*

[ ] Office Manager

[ ] Production Manager

[ ] Sales Manager

[ ] Marketing Manager

[ ] None of the above

8) Which of the following BEST describes your management team?*

( ) We have a strong management team in place

( ) We have one or two talented managers, but we need more.

( ) Our managers are good at their jobs, but they don’t think nor act like leaders

( ) We have one or more senior people who kind of act as leaders, but their leadership roles are not clearly defined.

9) When a problem occurs in your company, which is the most likely scenario to take place?*

( ) The manager in charge of that department handles the problem quickly and efficiently.

( ) The manager in charge of that department tries to handle it but often needs me to step in and assist.

( ) All problems come directly to me to be resolved.

 

Part 3: Your Customers

10) Please estimate the percentage of your customers whom are VERY SATISFIED with the services you provide.*

( ) 0-50%

( ) 51-75%

( ) 76-85%

( ) 86-100%

( ) I don’t know. We don’t measure customer satisfaction

11) What percentage of your leads come from past clients? (either referring others or hiring you to do additional work)*

( ) 0-25%

( ) 26-50%

( ) 51-75%

( ) 76-100%

( ) Unsure

12) What percentage of your annual revenue do you invest in marketing?*

( ) less than or equal to 1%

( ) 1.1 to 5%

( ) Over 5%

( ) Unsure

 

Part 4: Your Personal Life

13) Do you have a PERSONAL financial plan? (ie retirement, etc.)*

( ) Yes

( ) No

14) Are you on track to meet your financial goals for retirement?*

( ) Yes, I’m on track

( ) No, I’m LESS than 20% off track

( ) No, I’m MORE than 20% off track

( ) Unsure

15) True or False: In the last three months I’ve missed at least one important event (child’s activity, family dinner, get together with friends, etc.) because of the demands of my company.*

( ) True. I work too many hours

( ) False. My hours are reasonable and allow me to maintain a strong personal life.

16) How many WORKING DAYS did you take off for vacation in the past 12 months? (don’t include weekends and holidays)*

( ) Fewer than 5 vacation days

( ) Between 5 and 10 vacation days

( ) Between 11 and 15 vacation days

( ) Between 16 and 20 vacation days

( ) Over 20 vacation days

 

Part 5: The Numbers

17) What is the targeted Gross Profit Margin for the work produced by your company? (Gross Profit is defined as the percentage of money left over from sales after accounting for the cost of goods sold.)*

( ) Under 20%

( ) 21-30%

( ) 31-40%

( ) Over 40%

( ) Unsure

18) True or false: On the last three projects we completed, we achieved our targeted Gross Profit Margin within a 2% variance either way.*

( ) True

( ) False

( ) Unsure

20) When comparing your most recently completed financial year with the previous year, did your revenue:*

( ) Decrease

( ) Remained the same or slight increase

( ) Increased between 5% and 10%

( ) Increased between 11% and 20%

( ) Increased between 21% and 30%

( ) Increased between more than 30%

( ) Unsure

21) Based on your current year’s annual budget, what are you projecting your revenue to do this year?*

( ) Decrease

( ) Remain the same

( ) Increase up to 10%

( ) Increase between 11% and 20%

( ) Increase more than 20%

( ) We don’t use an annual budget

22) Which of the following best describes your approach to financial management?*

( ) We don’t generate regular reports

( ) We generate reports regularly, but don’t review them

( ) We generate reports regularly and I review them, but I don’t know how to use the information to help me improve my business

( ) We generate reports regularly and I fully understand how to use the information to improve my business

in .All Things Roundtables