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The Financial Blind Spot Score
Answer eleven quick questions to see exactly where your business has strong financial visibility, and where it doesn't. Your personalized results are sent straight to your inbox.
What is your business's approximate annual revenue?
*
A
Under $1M
B
$1M to $3M
C
$3M to $8M
D
Over $8M
How do you currently manage cash flow forecasting?
*
A
I track my bank balance and have a general sense of what is coming in and going out.
B
I have a basic spreadsheet I update occasionally but it is often out of date.
C
I have a rolling cash flow forecast that I review regularly.
D
I have no formal cash flow process in place.
How often do you review your financial statements?
*
A
Monthly, and I find them useful for making decisions.
B
Monthly, but I am not sure I fully understand what they are telling me.
C
Quarterly or less frequently.
D
Mainly at tax time.
Do you know which projects, contracts, or revenue streams are most profitable for your business?
*
A
Yes, I track margins by project or revenue stream and review them regularly.
B
I have a general sense but I do not track it formally.
C
No, I know the overall business is profitable but not at the project level.
D
I am not sure how to measure it.
When you make a major financial decision (hiring, a new contract, expansion), what do you base it on?
*
A
A financial model or forecast that reflects the specific decision.
B
My financial statements and a general sense of the business.
C
Primarily gut instinct and experience.
D
I avoid major financial decisions when I can because I am not confident in the numbers.
How would you describe your revenue growth over the last three years?
*
A
Strong and consistent growth year over year.
B
Growing but slower than I would like.
C
Relatively flat, revenue has not changed much.
D
Inconsistent, some good years and some difficult ones.
What financial support do you currently have in place?
*
A
A bookkeeper and a tax accountant, nothing else.
B
A bookkeeper, tax accountant, and an internal office manager or controller.
C
I handle most of the financial side myself with some bookkeeping support.
D
I have a CFO or senior finance person on staff.
If you took a two-week vacation with no phone or laptop, what would happen financially in the business?
*
A
Everything would run exactly as it should.
B
Mostly fine, but a few things would need my input.
C
Things would start to slip within the first week.
D
The business would struggle to function without me.
Do you have a financial plan that supports your longer-term goals for the business?
*
A
Yes, I have a clear plan with financial targets and milestones.
B
I have a general idea of where I want to go but nothing formal.
C
I have not thought much beyond the next twelve months.
D
I am thinking about selling or exiting in the next three to five years but have not started planning for it.
On a scale of 1 to 5, how confident are you in your understanding of your business's current financial position?
*
A
1, I have very little visibility into where things actually stand.
B
2, I have a rough sense but I would not rely on it for major decisions.
C
3, I understand the basics but there are gaps I know I am missing.
D
4, I have reasonable visibility with a few areas I would like to improve.
E
5, I have strong financial visibility and rely on it regularly.
Which of the following best describes your situation right now?
*
A
I have a specific financial challenge or decision coming up and I need better visibility urgently.
B
I know my financial systems need work but it is not an immediate crisis.
C
I am growing and I want to make sure my financial infrastructure keeps up.
D
I am exploring options but I am not sure if I need this level of support yet.
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