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Business Health Check List |
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Written by David Willetts
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How does YOUR business measure up?
Ask YOURSELF the following questions:
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Yes
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No
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Balance Sheet
Do you understand your Balance Sheet and analyse the movements and trends regularly?
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O |
O |
Profit & Loss
Are your profits decreasing? Can you identify the causes? Do you know the appropriate course of action to take?
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O |
O |
Overheads
Are your overheads under control? Are action plans in place to eliminate waste and unnecessary cost?
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O |
O |
Cash Flow
Do you forecast your cash flow on an ongoing basis and take action as appropriate?
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O |
O |
Products/Services
Do you know which of your products or services are most profitable?
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O |
O |
Customers
Do you know which of your customers generate profitable business?
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O |
O |
Suppliers
Do your suppliers provide reliable and cost effective products and services?
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O |
O |
Quality
Are robust quality systems in use which protect your product and service from failure?
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O |
O |
Performance
Do you have key performance indicators and measures in place that are regularly reviewed and acted upon?
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O |
O |
Future Direction
Do you have a business strategy for the immediate, medium and long term? |
O |
O |
If you answered NO to even one of these questions, you could now benefit from the services of DAW Consulting. Would your business benefit from the services of a part time Finance Director?
A forward thinking, structured and detail level approach together with excellent interpersonal and communication skills support DAW Consulting’s grasp of business management and financial reporting.
With their expertise they can help you realise business opportunities you may not have identified with tangible benefits brought to your business through their skills.
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