Q1. came as a manager to the Managing Director (MD) asking him to give me an employment. He said how much do I want as salary per month. I told him H80,000.00. He further ask, what value can I add to the business can I give the organization or the investment N2,000,000.00 per month. What would be your answer as a manager?
Q2. How many records do you keep in your organization or investment?
Q3. What is your budget in each quarter concerning marketing you business?
Q4. Even if your business is a one man business do you normally organize Annual General Meeting (AGM) at the end of the year, looking at your strength and weakness?
Q5. As manager or Managing Director, do you know how to cut down on cost? E.g. imp-rest system has to be applied.
Q6. As a business man or woman, do you have a target for your business in a month, quartly, or year, on where you want your financial position to be, e.g as sales man can you make (N5,000) a day. Your weekly target would be
Weekly |
7 x 5,000 |
35,000 |
Monthly |
4 x 35,000 |
140,000 |
Yearly |
52 weeks x 35,000 |
7,280,000 |
Q7. Do you Know that you need to have a daily sales target for that your investment e.g. daily, weekly, monthly or yearly? How do you know?
Q8. What is your 5-50 year development plan, call it short term or long term. What are the first things you consider under the arrangement
Q9. When you hear Manager complained that customers are not coming to patronize your business, what do you do to bring customers to your business as a Manager or Managing Director?
Q10. From, your profit, how much do you save on a daily basis concerning that investment of yours?
Q11. Most modern day Managers and Directors complained that, if they leave their business premises people e.g. sales person will seal their goods. It is true. So what do you need to know?
Q12. As a Manager or Director, do you know how to value your stock in that investment or organization or yours?
Q13. What control measures have you put in place as the Manager or chief executive officer (CEO), as a check to control that stock?
Q14. Since you started your investment or business as a Manager or
M.D. when last did you attend a business seminar for the growth of your investment
Q15. Attitude is everything about a business, as a top manager what is your attitude towards your customers?
Q16. As a trained Manager, do you know how to determine your loyal customers
Q17. As the Manager or Director of your own investment, when last did you send a thank you message to your customers* Do you know it results
Q18. We are told that, what is permanent about life is change, what level of knowledge do you have about the levies you pay tax?
Q19. As a Manager or Director of that small business do you know the different types of taxes you need to pay?
- PAYE
- Sanitation
- Business Premises RenewalPermit
- TenementRate
- Economic DevelopmentLevy
Q20. As a business mugu /manager or M.D. have you made an effort to capture your business/investment on pay direct with Rivers State Internal Revenue Service (RIRS} or Federal Inland Revenue Service (FIRS)?
Q21. Is your investment registered with Corporate Affairs Commission, so that you gain other benefit that is associated with registration of your business?
Q22. No matter how your business small, do you have a tax consultant to advice you on your matters
Q23. If you ask us to advise you, we can also handle all your vehicle particulars and issue of making use of wrong agent would have been a thing of the past in your organization.
Q24. As a tailor/seamstress, do you know how to deliver on your mandate concerning that services that you provided
Q25. What insurance policy as a Manager are you ready to pick concerning that your business? Who is your adviser?
Q26. As a Manager or Managing Director, you should know the three motive for holding money- it’s very necessary for the growth of every business*
- TransactionaryMotive
- SpeculativeMotive
- PrecautionaryMotive
Q27. What is the feasibility study you have to present on the issue of capacity building before your enter into that new line of business.
Q28. Do you know to prepare Profit and Loss Account for your organization? And extract a Balance Sheet. Do you also know how to separate trading, profit and loss at the end of every periodP
Q29. As an Accountant in your organization, Manager or Chief Executive Officer (CEO). Do you know how to calculate your consolidated income tax for your organization /investment How do you handle your manufacturing accounts?
Q30. As the M.D/Manager, when last did you brief the members of staff of your organization or hold meeting with them and direct them on the issues of growth about their investment.
Q31. We performed special services on the following areas:
- Vehicle particular g. drivers’ license, insurance, platenumber.
- Information gathering/formregistration
- We present seminars /training and
- Very important, we advise on how to cut down on cost in yourbusiness
- We advise on how to get tax clearance certificate both FIRS and RIRS.
- We give advice on how to get your Tax Identification Number(TIN) FIRS and
- If you have a child that is in SS1 — SS3 want to enter intouniversity we can give you material that will guide him or her for It is titled 111 ways of unlashing your potential in academics.
Q32. As a Manager, Managing Director or CEO, do you know how to prepare Trading, Profit and Loss Account and Balance Sheet at the end of the accounting period?
Q33. As a Manager or Chief Executive of your organization when last did you conductor a financial intelligent test for your self and your staff.