Altitude Accelerator Health Check Your DetailsFull Name* Email* ProfitDo you know the products and services that make the most money?* Yes No Are your business gross margins greater than industry average?* Yes No Does the business achieve annual profit targets after you draw a market-value salary?* Yes No CashflowCan you tell 3 months in advance if you will have a shortfall or excess of cash?* Yes No Are your customers paying you on time?* Yes No Does the business have sufficient cash to protect it from a major economic or business disruption?* Yes No When presented with a taxation or GST bill, do you usually pay them in full and on time?* Yes No Systems & ProcessesAre you easily able to check profit, sales, expenses, and cash flow at any time?* Yes No Do you know your most important metrics and critically analyse a business dashboard each month?* Yes No Do you have a business management system that produces accurate data on your customers, job, and product profitability?* Yes No Do you have up-to-date and documented systems and processes on how things are done in your business?* Yes No Goals & StrategyDo you have a clearly documented and recently updated strategic plan?* Yes No Do you have a clear action plan that management is executing to achieve business goals that is discussed and reviewed quarterly?* Yes No Do you set an annual budget and cash flow forecast to compare against actual results monthly?* Yes No Do you have a vision for the business that documents where you can grow, your competitive advantage, your target market, and products/services?* Yes No TeamDo you have regular team meetings where business performance is reviewed, and actions are taken?* Yes No Do you worry about what your staff do when you are not there to supervise?* Yes No Is it easy to recruit new staff members?* Yes No Is annual staff turnover less than 10%?* Yes No LifestyleDo you get more than 7 hours sleep per night?* Yes No Are you able to take 8 weeks holiday from your business each year without it suffering?* Yes No Outside of work and family, do you have hobbies that you regularly participate in?* Yes No Do you have a strong set of core values and use them to inform your decision making?* Yes No Do you regularly contribute to your local community and to give back?* Yes No RiskDo you have up-to-date disaster plans in place for unforeseen contingencies such as death, divorce, disaster, product recall, staff shortage?* Yes No Does the business have sufficient insurance cover to cover a major business disruption or crisis?* Yes No Does the business earn more than 20% of its annual revenue from a single customer?* Yes No Do you have an effective management team that doesn’t rely heavily on one or more key persons?* Yes No GrowthIs the annual business revenue and net profit growing faster than 10% per annum?* Yes No Is the business regularly investing in equipment and technology to improve performance?* Yes No Does the business have an up-to-date website and online presence on social media?* Yes No Is the business premises able to support the annual growth of the business?* Yes No TaxationIs your business structured to minimise the amount of annual tax you pay?* Yes No In the last 12 months have you made a significant taxation saving by planning out in advance with your advisor?* Yes No Are your taxation and GST returns up to date and lodged on time with the ATO?* Yes No SuccessionDo you have an up-to-date and documented succession plan or exit strategy?* Yes No Do you have a recent independent valuation of what the business is worth?* Yes No Do you make regular contributions into superannuation or other investments?* Yes No Are your wills up to date?* Yes No Are your personal financial affairs kept separate from those of the business?* Yes No HiddenYour ResultHiddenTotal EmailThis field is for validation purposes and should be left unchanged. Δ
