Why We Do It: Because a business can't grow if it looks like this...
...or has more than 4 of these symptoms of financial weakness:
• No time to focus on business strategy • No budget or off-target by wide margin • Can't see profitability by product/service or customer • Unsure of break-even sales level • Financial statements not accurate, timely or meaningful • Not sure controls & safeguards are adequate • No key metrics to gauge critical success factors • Don't know what next 8 weeks cash flow will be • Trouble negotiating favorable banking terms • No comparison of performance to peers • Financial reports not aligned with strategy • Unilateral responsibility for meeting financial targets • Frequent calls from vendors about late payments • Can't invoice customers within 2-3 days • Can't collect receivables on time • Advisors not proactive or growth-oriented |