Time for a check-up? Not you, your company!
Posted by Bill McDermott on Fri, Jan 13, 2012 @ 03:14 PM
Ok, I was a little overdue for my annual physical (should've been in June). Work's been busy, our daughter got married in June. I'm full of excuses. I took time off between Christmas and New Years and made an appointment with my doctor for a physical.
The results were pretty much what I expected. However, there were a few new things to treat. The doctor told me to make a few changes to get back to optimum performance. I'm a little overweight (probably more than a little). So, I need to eat better and exercise more. Check. I use to be able to manage this with better diet or more exercise, at my age it now takes both. I have a new medication to get some of my blood levels more in line with where they should be. Ok, wasn't expecting that one. Check.
Just like your body changes as you age, your company changes too. This current economic environment of slow growth and tight credit can literally starve your business for cash. Cash flow tight? Maybe your clients are paying you a little slower. (Maybe you have one or two in there that aren’t paying you at all)
Did you have an operating loss last year or the year before, maybe you borrowed the money to fund it rather than kick in your own. Now the bank says it’s time to pay up but you don’t have the cash. What are you going to do? Maybe you have a little too much debt and are having a hard time finding financing.
It’s time to stop putting it off like I did, get a financial health check up for your business. Find out what it’s going to take to get your business back to optimum performance.
Schedule a Financial Health Checkup Today!
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