What your balance sheet should look like [infographic]

Posted by James Price | JPAbusiness on 24-May-2017 05:13:00

Many business owners, in small and large firms, don’t really focus on their balance sheet.

They look at their profit and loss and if they’re making a profit they think ‘everything’s fine’.

From our experience, the balance sheet of a business is often the key to its success.

This is because a healthy balance sheet is often the key to being able to withstand shocks; it gives financiers the confidence to support your business with additional funds when things are tight.

What does a healthy balance sheet look like.png 

How to control your bank’s appetite for lending

In our free eBook, Managing Your Banking Relationship, we outlined our top tips for controlling your bank’s appetite for lending.

A bank, financier or equity investor focuses on three S’s when considering their appetite for your business. They are:

  • Servicing
  • Security
  • Surety

A healthy balance sheet is key to ensuring the second ‘S’ on that list, your security, is in a positive position.

Managing Your Banking Relationship eBook | JPAbusiness

If you would like advice or support contact the business advisory team at JPAbusiness on 02 6360 0360 for a confidential, obligation-free discussion.

 

JAMES PRICE | JPAbusinessJames Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.

 

Business Buyer's Checklist | JPAbusiness

Topics: Advice, Banks and lending, Running your business, infographic, Banking

 
Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog. 
 
 

 

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