Is your business financially stable — or just busy?
A MasterPeace Uganda Business Resilience Diagnostic
Your business may be making money. But how financially stable is it?
Starting a business is one thing. Building one that can survive is another. A business can have customers, sales, employees, stock, equipment and money coming in — and still be financially vulnerable. The real test is what happens when:
• Sales unexpectedly decline.
• A major customer delays payment.
• Costs suddenly increase.
• Cash is unavailable when suppliers, salaries, rent, taxes or debt repayments are due.
• An emergency requires immediate money.
• The owner becomes sick, injured or unable to work.
• The business needs to operate without its founder.
• The owner eventually wants to retire or step away from the business.
There is another important question: Is your business creating financial stability for you as its owner?
The MasterPeace Uganda Business Owner Financial Stability Scorecard™ helps you examine the financial and operational systems supporting both your business and you as its owner. In approximately 5–7 minutes, you will examine 13 areas, including Market, Margin, Cash Flow, Reserves, Debt, Financial Visibility, Separation, Owner Compensation, Systems, Owner Interruption, Continuity, Owner Wealth and Financial Independence. At the end, you should have a clearer understanding of your strengths, vulnerabilities, and next practical steps.
Starting a business is one thing. Building one that can survive is another. This Scorecard is a business and financial education self-assessment. It does not replace professional accounting, legal, tax, investment, insurance or other professional advice. Completing the assessment does not automatically constitute a recommendation to purchase any financial product or obtain financing.
