What's Your Financial Health Score?

What's Your Financial Health Score?

Ever wondered how healthy your business finances are? Take this short 10-question quiz to find out if your business is on the path to prosperity or if it might need a financial check-up!

/10

When was the last time you checked your business's bank balance?

Tax time? Or was it that last overdraft scare?

Sometime last month, if memory serves.

Wait... we're supposed to check that?

This morning, and every morning. It’s better than coffee!

/10

Describe your cash flow:

A solid stream, with the occasional rapid.

Like a majestic river, strong and unending.

Less flow, more ebb... like a lazy brook?

What's cash flow? Oh, you mean that myth?

/10

Have you ever found unexpected expenses catching you off guard?

Often, and it's a real problem.

Rarely, I try to keep an emergency fund.

Never, I plan for contingencies in my budget.

Sometimes, it's part of doing business, right?

/10

How often do you review your financial statements?

When I remember - maybe yearly?

Monthly, or even more frequently.

Quarterly, it seems sufficient.

What are financial statements?

/10

Do you use financial software or tools to manage your business finances?

No, I do everything manually or not at all.

Just the basics, nothing too fancy.

I use a mix of software and manual methods.

Yes, I automate as much as possible.

/10

How do you approach budgeting for your business?

I have a budget but revisit it only when necessary.

With precision - I review and adjust it regularly.

Budgeting? I'm not even sure where to start.

I set some expectations once a year and hope for the best.

/10

When it comes to financing, do you...

Have multiple options and a strong line of credit?

Have access to credit but haven't thought about optimizing it?

Rely on credit more than I'd like to?

Feel lost or overwhelmed by debt and financing options?

/10

Do you regularly invest in the growth of your business?

Occasionally, but it's not always well-planned or consistent.

I invest when I can, focusing on proven growth areas.

I'm not in a position to invest much right now.

Yes, I invest strategically and track ROI meticulously.

/10

How do you manage your taxes?

I do the basics, sometimes it feels a bit last minute.

I stay informed and handle taxes diligently.

I have a tax strategy to minimize liability and maximize returns.

Taxes are confusing and stressful for me.

/10

When making financial decisions, do you...

Base them on robust data and analysis.

Feel like I'm guessing. I'm not sure what's the best choice.

Go mainly with my instinct, it's worked so far.

Use a combination of data and gut feeling.

Money Maestro

Congratulations! You have a rock-solid financial foundation. Your business is thriving and you've got this money thing figured out.

To fine-tune even more, look for a trusted partner that can help you build an effective financial plan for the future.

Connect with Kehler Accounting

Profit Pro

Your finances are stable, but there's room for improvement. Keep an eye on those numbers and you'll be scaling financial heights in no time!

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Budgeting Beginner

You've got a good start, but some cracks are appearing in your financial planning. Time to get back on track!

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Fiscal Fledgling

Looks like you might be just starting out or finances aren't your forte! Don't worry, with a little learning and planning, you can take control of your business finances.

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