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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