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How Healthy is Your Business?

Grab a pen and a cuppa and take 10 minutes to complete this health check and work out just how healthy your business is.
1) Cash Flow    
    • Can you meet your debts as they fall due?                                                                                                                               


Yes/No
2) Profitability
    • Does your business provide you with financial independence?
    • Can you take time off when you desire, including any length of time?
    • Does your business provide the desired level of income, allow for growth, taxes and other social
      responsibilities?


Yes/No
Yes/No
Yes/No

3) Vision
    • Are you clear on your Company Goals?
    • Do these goals extend beyond the lifetime of your business?
    • Is there energy and action taken towards achieving those goals?


Yes/No
Yes/No
Yes/No

4) Flexibility & Adaptability
    • Are you personally able to adapt to unforseen circumstances?
    • Are your products or services adaptable to the changing market?
    • Can your business adapt and survive due to unforseen circumstances?
    • Are your employees happy, hardworking and diligent?
    • Do they contribute to your business success?
           


Yes/No
Yes/No
Yes/No
         
Yes/No
Yes/No

 
5) Debt/Equity Ratio
    • If your overall assets were cashed up would they cover your short and long-term liabilities?
    • Is the debt on your balance sheet good debt (ie it allows growth and helps generate cash and revenue)?


Yes/No
Yes/No

 
6) Working Capital Ratio
    • Is your working capital at least 1.3 times your liabilities so that you can meet your short term liabilities?


Yes/No
 
7) Financial Knowledge
    • Do you know your monthly figures and how much money you've made each month?
    • Have you got enough money in other accounts for tax and growth?
    • Do you understand the key drivers of your business and track and measure them?  


Yes/No
Yes/No
Yes/No

 
8) Products/Service Life Cycle
    • Is your product/service still relevant, fresh and sought after?
    • Is there potential left to grow your products and services?

Yes/No
Yes/No


9) Customers

    • Do you know your customers well and keep in touch regularly?
    • Do you have ways of communicating with them directly with new offers and information on your business?


Yes/No
Yes/No

10) Systems/Procedures
    • Do you have good systems and procedures to manage everything from employee contracts to OSH?


Yes/No
Now lets see how healthy your business is! Add up the number of questions you answered yes to.

0 to 5 Yes  - Time to call Accounting Solutions Pronto
6 to 10 Yes - Still time to call Accounting Solutions!
11 to 16 Yes - You're halfway there. Let us take you all the way to total success.
17 to 23 yes - Wow, well done! Share your secret with us!




  • "With our previous accountant, I had all this information but didn't really get a grasp of what it meant. Now with Accounting Solutions I understand my overall business and where we are going."
    -Richard Allin, Managing Director, Push Bikes Ltd
  • Accounting Solutions has surpassed my previous experience of a large international accounting firm. An experienced accounting team who can manage complex financial tasks."
    -Phil Bryant, Channel X
  • "We have been clients of Accounting Solutions for over 13 years now. Their proactive approach has helped our business to continue to grow and helped make business simple, profitable and enjoyable."
    -Bernie Hunt, Managing Director, Sydenham Joinery Limited
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P: 03 374 9393
F: 03 374 9392

77 Gasson Street
Sydenham
Christchurch 8023

MAIL TO PO BOX 7790
CHRISTCHURCH
8240
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