Business Viability | Business Assessment

Are you worried about the Viability of your Business? For Many Businesses this next 12 months or so coming out of Melbourne Covid Lockdown will be critical. 

The number one thing you need to asses your business viability is up to date financial data, are you tracking this regularly? I check the numbers in my business most weeks, things like money in the bank, who owes me money and my profit this month so far, last month vs the same month last year. During this critical period you may also want to track key indicators like number of clients seen per day, number of new clients or other key indicators that are specific to your business.

The ATO has recently released a great tool to help you check how your business is tracking

If you want professional help with your business please contact our Business Accountants here