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Profitability Checklist

How would you rank each of the following statements about your organization on a scale of 0 to 10?

  1. We have better than industry average profitability.

  2. We have a well defined budget that we use monthly to better manage the business.

  3. We often discuss how key decisions will impact our profitability.

  4. We have had plenty of cash reserves to allow us to expand as opportunities appear.

  5. Our financial track record has allowed us to develop healthy banking relationships.

  6. We forecast our cash position accurately to minimize any chances of cash flow crunch situations.

  7. We have designed our company intentionally to optimize our profitability and cash flow over the next 3 years.