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Check Financial Status
- Are there outstanding debts or loans in your business exceeding a three-year duration?
- Have you recently submitted applications for loans or government funding programs?
- Are you familiar with your business's current credit score?
- Do you maintain a monthly expense tracking system for your business operations?
- Can you identify the primary expense category in your business's financial records?
- Have comprehensive audits been conducted on your business within the last two years?
- Have you engaged in discussions with clients within the past 90 days to assess ongoing financial needs?
- Have you prioritized meetings with the top 20% of your client base within the past month?
- Is your business positioned ahead of prevailing industry trends?
- Are invoices routinely dispatched in accordance with agreed-upon terms and deadlines?
- Are customer payments typically received within specified payment terms?
- What methods are employed to facilitate the collection of outstanding payments?
- Are key financial documents such as income statements, tax returns, and credit reports readily accessible and organized?
- Have plans for business succession been established?
- Is there an established emergency fund to mitigate unforeseen financial challenges?