Be business smart

Business life isn’t all glamorous lunches and record-breaking months. It’s also an entire world of decision-making. Looming deadlines. And having people rely on you. It’s wondering if you’re ready to scale, hire new staff, and navigate new systems. It’s writing to-do lists, keeping tabs on your expenses, and knowing when it’s time to say no.

At Clover Financial Solutions, we know it’s easier when you have a team to turn to. People that have the knowledge, skills, and experience to offer professional advice and help you make the right decision. That’s exactly what we’ve done for plenty of businesses across Melbourne and around Australia.

Before we get started, we like to get to know you and your business so that we can prepare a proposal of recommendations to suit your unique circumstances. We’ll also provide any information and templates you need to introduce these suggestions into your business.

All we ask is that you answer these 10 short questions. We won’t ask for any personal information and we promise not to store your answers either. Did we mention that it’s free and only takes a couple of minutes to complete too?

1. Know your break-even point

It’s fundamental for any business to know how much needs to be sold to break even.

2. Cash flow forecasts

Do you know how much money is coming in and going out of your business each week? Month? Quarter? Year?

3. Cash reserves

Do you have a financial buffer?

4. Managing debt

It’s the dirty D-word that keeps every business owner awake at night. Are your customers paying their bills on time?

5. Your own debt

And what about your personal debt too? Are you keeping on top of your own bills?

6. What’s around the corner?

We might not be able to predict the future, but we can look ahead to identify any potential financial issues that could be looming down the track.

7. Are you making a profit?

Plenty of people get so caught up in running their business, that they forget to calculate how much they’re actually earning. Are you making money on everything you offer? Or do you have some products or services that are actually costing you?

8. Know the early warning signs

Keeping a close eye on all of your business operations is the most effective way to identify any potential issues before they arise. When you know the early warning signs, you respond almost immediately.

9. Sales performance

It’s important to monitor your sales performance on a monthly basis so that you can identify any trends, emerging consumer behaviors, or potential opportunities for your business.

10. Good advice

Behind every successful person is a team of mentors or advisors offering a wealth of knowledge and support. Who do you turn to when tough decisions need to be made?

Now that you’ve answered these questions, it’s time to get in touch with the Clover Financial Solutions team to book your introductory meeting.