Preslane

Growing Business

Business Health Check

Please print this page and fax the completed Health Check to

Preslane Marketing FAX: 07 5575 8302  

 

If you don't have a fax machine or would prefer to do the Health Check on line click HERE.

 

 

Name: _____________________             Company: ___________________

 

Date: ___ / ___ /2005                             email: _______________________

 

Ph:  ____________________                  Fax: ____________________  

 

 

These are some of the things you might need to think about in assessing the health of your business.

 

This is what you look at when you are working "ON your business" rather than "IN your business”.

 

 

 

 

YES

NO

Priority
1 - 5

Do you have

a business plan - including a development plan?

 

 

 

 

an understanding of your eligibility for government funding support for part of your development plans?

 

 

 

a marketing plan?

 

 

 

a set of financial plans?

 

 

 

(profit, cash flow, balance sheet forecasts; capitalisation plan; etc)

 

 

 

a system to review & report against these plans?

 

 

 

more than 10 hours / quarter to work ON your business quite apart from working IN your business?

 

 

 

a clear vision of what your business will look like in 3 years?

 

 

 

an exit strategy?

 

 

 

Mission statement

is there one?

 

 

 

Vision for the future

is there one

 

 

 

Corporate strategy

is there one

 

 

 

 

are these meaningful to you & your team?

 

 

 

has the Mission, Vision & Corporate strategy been discussed with all staff?

 

 

 

does everybody understand the Mission; Vision & Corporate strategy?

 

 

 

are your key team members committed to them?

 

 

 

Markets

 

 

 

 

Do you know in detail

your target market segments

 

 

 

 

how big they are?

 

 

 

where they are?

 

 

 

how competitive they are?

 

 

 

who your main 3 competitors are?

 

 

 

what their strengths & weaknesses are?

 

 

 

what your "sustainable competitive advantages" are?

 

 

 

Financial management

is there any?

 

 

 

 

do you understand the difference between "profit" & "cash"?

 

 

 

is there a budget or forecast for 1 year or 3 years out?

 

 

 

do you have a monthly financial reporting system?

 

 

 

do YOU know the true cash position in your business every day?

 

 

 

do you have an enforceable credit management procedure?

 

 

 

Operations

 

 

 

 

Do you have

a detailed organisation chart?

 

 

 

 

position descriptions for all staff including owners?

 

 

 

written systems for each area of business?

 

 

 

wages, tax, super, workcover, etc 

 

 

 

BAS

 

 

 

HR, staff training, etc

 

 

 

compliance, etc

 

 

 

a commitment to training so all can do what is expected of them?

 

 

 

accountability for your people

 

 

 

regular team meetings to review & reset targets?

 

 

 

a computer system back up procedure?