Ask yourself the following questions:
- Are monthly income statements and balance sheets prepared on a timely basis and compared with a budget and prior year results?
- Have key performance indicators been established for daily, weekly and monthly comparison to a goal?
- Is each month of the year profitable? Are profits consistent, inconsistent or increasing?
- Does a culture of accountability exist within the business?
- Have operating losses been funded with bank debt, delaying payments to vendors or personal savings? As owner, do you find yourself in uncharted business territory?
Unsatisfactory answers to the Business Wellness Test indicate a need to take advantage of the free initial consultation with CrossRoads Business Advisors LLC. Please contact us to schedule your free initial consultation by calling (574) 309 2437 or emailing firstname.lastname@example.org.