What areas should I look at to see if poor financial management is an issue for my SME?

What areas should I look at to see if poor financial management is an issue for my SME?

Do you have that nagging doubt that your financial management is not that great.

Running an SME is hard work and finance is often the area which is left until last. So what level of Financial Management is critical to an SME?

What can you get by on and what areas should you absolutely make sure you are covering?

Well of course this will all depend on your company and its  stage in its lifecycle and  more importantly what speed of growth are you aiming for.

I have developed a  basic Financial  Management Healthcheck Questionnaire. This covers what I see as the development of Financial Management requirements as your business grows. The questions you should be asking yourself will depend very much on whether you are in startup mode, growth or fast growth.Download this simple file, print off and answer the questions.

I have colour coded the questions so that  you can focus on those areas which reflect you business now and whether you are aiming to grow slowly or quickly.

Brown-  These areas are  critical to start up  companies

Green- Additional to Brown plus further areas to be covered for slow growth or newly post launch businesses.

Fast Growth companies  should evaluate  all the questions to discover their areas of weakness.

If you would like to discuss your area of weakness  get in contact with me today, via the contact details on my website.

Download (DOC, 76KB)

 

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