Running a business means it’s easy to get caught up in daily activity and lose sight of the big picture. Taking stock of your business health is essential.
Key Health Indicators
- Cash flow: do you consistently have enough cash to cover expenses, or are you always scrambling?
- Profitability: are your margins healthy? Is profit growing year on year?
- Debtor days: how long does it take clients to pay you? Over 30 days is a warning sign.
- Revenue concentration: does one client represent more than 25% of your revenue? That’s a risk.
- Employee satisfaction: high turnover is expensive. Are your team engaged and motivated?
- Compliance: are your BAS lodgements on time? Is payroll STP-compliant? Is super up to date?
- Systems: are your processes documented and efficient, or does everything rely on tribal knowledge?
The 5-Minute Health Check
Score each indicator from 1 (poor) to 5 (excellent). A total under 21 suggests areas that need attention. Under 14 means it’s time to get professional help.
We Can Help
If your score raises questions, start with a free discovery call. We will talk through where your business sits today and whether a deeper review is worth it.
For that deeper look, our fixed-fee Business Health Check reviews your books, compliance and systems and gives you a prioritised plan to improve.
