Why an Annual Business Health Check
Business is about understanding the past but more importantly planing for the future. But working closely on your business day-to-day can make it difficult to take in a bigger picture view and notice the small changes that can turn into big problems tomorrow.? ? A business health check is your second set of eyes, to help you see what you are doing well and where improvements can be made.
The health check is tailored to your business and conducted by an experienced small business CFO that covers the financial and operating health of your business.? Your review will cover what you have in place and how you measure success. For example, your CFO will look at:
Your strategy - Values, Purpose, and Competencies.
How you are executing your strategy
How you are managing your team
Your business value, what's driving your profits, what financial levers you have and your cash flow.
Your business health check is designed to help you understand your business' strengths, weaknesses, opportunities, and threats so that you can allocate your time and resources to areas that improve value and help you succeed.
What will you get?
A business health check from Numbersowl will help you:
Celebrate what's working and act on others before they become a problem.
Understand what drives your profit and business value.
Help you identify what needs to be done to achieve your goals.
Help you figure out if you are complying with tax, super and workers compensation requirements.
Give you external feedback on your business' objectives.
What’s covered in a business health check.
Do you have enough cash to achieve your plans?
Your Business’ Financial Health is crucial for your ongoing success. We look at how cash is generated and how cash is spent. Small improvements to your working capital can free up cash - helping you to hire staff, develop new products, or even expand to new locations.
People are often the largest cost for a business. Not managing your people effectively can result in not having the right people when you need them. We help you look at your hiring plans for the next 12 months and ensure these match to your overall objectives and budgets.
A strategy is more than having a few objectives, it’s about having a purpose and a way to measure your progress.? With a strategy on a page, we’ll show you how to get your business moving to achieve the objectives.
Ready to get a business health check?
Are you ready to take a step back and work on your business rather than in it, or just not sure if you could be doing something better. We are here to help, leave us a question and our team of CFOs will contact you to organise your business health check.
Reach out today - a small change today can prevent pain tomorrow.