A medical health check will assess key aspects of your health such as blood pressure, cholesterol, BMI etc. Key information to help you know if you are in good shape or to spot worrying trends early, so that you can do something about it.
The financial health check does the same thing for your business. We look at the key aspects of running your business (the pulse of your business) to assess whether it is in good shape and to identify areas where attention is needed in the short and medium term as well as any trends that may give cause for concern. Some numbers are hard to understand in isolation, but put into a graph over a number of years and trends become obvious.
Is your debt collection getting slower? Are sales growing at the expense of profit margins? Are wages getting out of line with the productivity? Is your ability to service your debt declining?
This is a bespoke service completely tailored to you and your business. It involves spending time with you (and possibly your employees) in your day-to-day environment. We will ask you a series of questions designed to analyse the way your business operates including some financial and non-financial information.
The results will be presented to you in a clear report with a simple traffic light system to identify Red, Amber and Green levels of risk. We will work through the report with you and explain each point so that you are clear on the areas where action is needed. After that it’s up to you!
You can make the recommended changes yourself, we can give your team training sessions tailored to your specific areas that require improvement showing them how and setting goals and action plans or we can work with you to implement the changes. The key is taking the necessary action.