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David Baker And Patrick Baker's 2-Minute Taste-Test On Family-Owned Businesses

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.

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Question 1 of 10

From whom did David and Patrick learn the work ethic of an entrepreneur?

A

Family friends

B

Their father

C

Their mother

Question 2 of 10

Why did David and Patrick’s fast food business fail?

A

The business plan was flawed.

B

Their customers didn’t really like to eat chicken.

C

They got the cash-flow forecasts wrong.

Question 3 of 10

Why is David and Patrick successful in business together?

A

They both like to travel.

B

They enjoy bantering and making jokes.

C

They love what they do and have complementary personalities and skill sets.

Question 4 of 10

According to Patrick, what does humor achieve in a business environment?

A

It takes the fear out.

B

It makes it easier to meet deadlines.

C

It builds a strong culture.

Question 5 of 10

What, according to David, becomes more important as the business grows?

A

Cash-flow management.

B

The need for everyone to become more accountable.

C

Caring for employees’ families.

Question 6 of 10

What is one of the greatest advantages of a family business?

A

The huge sense of trust inherent in it.

B

You don’t have to pay your family members a salary.

C

You can give your children jobs.

Question 7 of 10

What does the bowler hat in the Sir Juice logo represent?

A

Superiority.

B

The company’s dress code.

C

Humbleness.

Question 8 of 10

What is an extremely important component of building a brand?

A

A catchy name.

B

The product must be available.

C

A jaunty logo.

Question 9 of 10

What must be built into your cash-flow forecasts?

A

The worst-case scenario.

B

The loans you think you will need.

C

The value of your brand.

Question 10 of 10

What does it mean to borrow from your customers?

A

You hike your prices.

B

Your investors and customers are the same people.

C

You decrease the need for loans by increasing sales.

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