Business Health Check

Tick what is true for you. There are no wrong answers. Every statement below is common in a growing business. Skip what does not fit your work. Professionals: read “stock” as pending work and “product” as service or client.

5 minutesInstant scorePrivate & confidential

A My business needs me every minute 0 / 5 Rates, discounts and payments wait for my approval, one by one. Staff call me for information they should be able to check themselves, such as rates, stock or dues. When I am away, I cannot see on my phone what is happening in the business. I follow up pending tasks by calling people one by one. Quotations or proposals are made by hand, and I check each one myself.

B Cash flow and collections 0 / 5 I do not know in advance whether next month’s cash will be short or surplus. Payment reminders to customers are sent by hand, late, or not at all. I cannot say today how much is due to me, and since how long. Supplier payments are made without a due-date schedule. I do not get a daily summary of balances across all my bank accounts.

C Knowing my real profit 0 / 5 I know my real profit only when the CA finalises the accounts. I do not know which product, service or client gives me the best margin. My costing does not update when purchase prices change. Expenses keep rising, and I cannot say exactly where. I do not compare a monthly budget with actual results.

D Stock, projects and pending work 0 / 5 Stock in the books does not match the godown, and differences are found late. Some items or material have not moved for six months or more. Wastage, rework or yield is not measured every month. I do not compare the actual cost of a job or project with its quote. I find out an item is out of stock only when a customer asks for it.

E Trust and control 0 / 5 Daily cash and bank entries are not matched and reported to me. Discounts or credit beyond the limit are given without my knowledge. Bills can be cancelled or edited without anyone noticing. Unusual entries, such as large expenses, cash withdrawals or rate changes, are not flagged to me. Partners or family members see different numbers.

F Reports and data 0 / 5 My accounts are updated late because entries are made by hand. I get no daily or weekly report unless I ask for it. Data lives in WhatsApp, diaries and separate Excel sheets. The same data is entered twice, in a register and in the software. Reports for the bank or partners take days to prepare.

G Compliance and tax 0 / 5 GST and TDS returns are filed at the last minute. Input tax credit mismatches are found late. I do not know my estimated tax until the year ends. There is no single tracker for department notices, replies and their due dates. Renewals of licences, insurance and registrations are remembered at the last minute.

H Growth and planning 0 / 5 I want to expand, but I am not sure the numbers support it. Preparing a project report for a bank loan or limit is a hassle. There is no 12-month target that I review every month. I cannot see which customers have stopped buying or are buying less. Enquiries, quotations and their conversion are not tracked in one place.

In your own words Anything else that takes your time or worries you in your business? If you could fix only one thing in the next 90 days, what would it be?

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Thank you

Your score: / 40

In each section: 0 to 1 ticks, fine · 2 to 3, keep a watch · 4 to 5, fix first.

What happens next: Adarsh has received your answers and will call you to talk through your top areas and a first quick win. Want to talk sooner? WhatsApp now or call 98260 80804.