Some of the questions you should be asking of your business:

1.    What is your breakeven point, i.e., how many sales do you need to generate to break even?

2.    Do you have adequate cash reserves to survive for 4 months?

3.    Do you have a method of forecasting your cash flow?

4.    Do you regularly look at your debts / receivables to chase payments?

5.    Are all services / products that you provide profitable, if not why not?

6.    Are your sales levels increasing from year to year?

7.    Is your inventory level / work in progress too high?

8.    Is your gross profit and net profit increasing from year to year?

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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