The new financial year is under way and it's a good time to review the health of your business, in particular what areas you need to focus on and improve to drive the most value in the year ahead.
Often business owners use this opportunity to:
- review and update the training and development plans of their teams
- review business lines and team performance
- consider product pricing and offerings for the year ahead
- examine expense and revenue budgets and opportunities to sustain and enhance margins, along with operational and capital expenditure budgets.
Our free online Business Health Check tool has been designed to help with this process by 'taking the pulse' of your business today and identifying key issues to focus on in the 12 months ahead.
A key service
When we started JPAbusiness 23 years ago, one of the first diagnostic services we offered business advisory clients was to conduct a Business Health Check.
The aim was to uncover performance-impacting issues in our clients' businesses that weren’t obvious to them and, sometimes, not even remotely on their radar.
We recommend conducting a Business Health Check at least once a year, but you can do it more frequently as a way of checking in with yourself and your senior team on how the business is performing from a variety of perspectives, including:
- financial and operational performance
- staff performance
- systems and processes
- health and wellbeing
- risk management
- brand and marketing.
Whether you use the Business Health Check tool annually or more frequently, we recommend it becomes a regular part of your business review processes to ensure you have a good understanding of what is impacting your business performance and can then take timely steps to address it.
The JPAbusiness team provides Business Health Checks as well as a range of other business advisory services.
Contact the team on 02 6360 0360 or 02 9893 1803 for a confidential discussion about your business health and direction.