It’s important to regularly review the financial status of your business to make sure you’re on the right track and to help with future decisions. Our quick and easy tool has 10 short questions that will help you do that.
What is a business health check?
A business health check is a look into the financial status of your business. It’s an easy way to find any potential issues, and gives you ways to fix those issues too. A health check will make sure you’re on the right track to success.
How to use our financial health check tool
Answer 10 short questions and we’ll prepare a list of recommended actions for you to take. We’ll also give you information and templates to help you implement any proposed changes. We won’t ask for any personal information and your answers are not stored – plus it’s free and only takes a few minutes to complete.
1. Knowing your break-even point
It’s essential to know how much you need to sell to break even.
2. Cash flow forecasts
You need to know how much money is coming in and going out of your business. You can use our cash flow template to keep track of your expenses.
3. Cash reserves
Do you have a financial buffer?
4. Managing debt
Are your customers paying their bills on time?
5. Your own debt
Making sure you’re keeping on top of your own bills.
6. Is there anything big coming up?
You need to be aware of any big financial issues that could be looming in the future.
7. Are you making a profit?
Are you making money on everything you sell or do?
8. Early warning signs
Do you keep a close eye on all your business operations?
9. Sales performance
It’s important to monitor your sales performance on a monthly basis.
10. Good advice
Do you have business mentors and advisors you can turn to when tough decisions need to be made?
Use our business health check tool to identify potential issues in your business.
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Please note that the information in this tool isn't intended and should not be relied upon as professional or personal financial product advice. You should seek professional advice before making any decision that could affect the financial health of your business.