Financial Checklist for Business Success

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?

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