The Boost Profits Scorecard

Most businesses have hidden profit boosters just waiting to be discovered.

Let's see where yours are hiding...

Have you increased your prices by at least 10% in the last 6 months?

Yes

On a scale of 'Cheap & Nasty' at the low end, 'Commodity' in the middle and 'Worthy of a Premium' would the market see you at the higher end?

Yes

Does your business have a revenue of more than $1,000,000 per year?

Yes

Are you 100% sure that your current fast growth is sustainable?

Yes

What level CEO would you attract if you paid them the same salary you pay yourself currently?

Yes

Would you enthusiastically re-enrol every one of your current clients?

Yes

Would you enthusiastically re-hire every one of your current team members?

Yes

Would you enthusiastically re-engage every one of your current business partners?

Yes

If needed, do you think there would be at least 10% worth of non-essential overheads that could be trimmed from your expenses?

Yes

Do you aim for ZERO Debtor Days, so as to minimise the number of days it takes to collect that cash the it is owed?

Yes

Do you aim for ZERO Stock or Inventory days, so as to minimise the number of days a product sits on the shelf before it is sold?

Yes

Do you receive part or all of your revenue before you deliver your product or service?

Yes

Can you tell 3 months in advance if there will be a shortfall or excess of cash?

Yes

Do you have a recurring revenue product or service (retainer, subscription, repeat order) that you earn more than 50% of your revenue from?

Yes

When you're presented with a BAS or Tax bill, do you usually pay them in full and on time?

Yes

If no revenue came in for 12 weeks, could you meet payroll, lease and loan payments?

Yes

Does your monthly recurring revenue exceed your monthly recurring expenses?

Yes

Do you have a recent independent valuation for what your business is worth?

Yes

Do you have detailed systems & procedures in place for how things are done in your business?

Yes

Do you have a clear exit strategy in place?

Yes

Are you regularly fending away acquisition, buy in, merger or investment offers?

Yes

Are you actively paying down business & personal debt?

Yes

Outside of work and family, do you have hobbies that you regularly participate in?

Yes

Do you spend as much time with family and friends or pursuing personal hobbies as you'd like to?

Yes

Are you on track to be able to retire in the next 3 - 5 years if you wanted to?

Yes

Do you get more than 6 hours per night sleep?

Yes

Is your business profitable even after you take a reasonable personal income from it?

Yes

Other than your main operating account, do you have a separate account where you put money aside for profit, tax or GST?

Yes

Do you run a business performance dashboard that shows your key performance indicators week to week?

Yes

Do you use a cloud based accounting system like MYOB??

Yes

Do you (or your bookkeeper) keep your accounts up to date each and every month like clockwork?

Yes

Do you have an up to date business model, business plan and business budget and review it monthly?

Yes

Do you have a 13-Week Cash Flow Forecast to help you get and maintain clarity about your true cash picture. and update it weekly?

Yes

Have you taken the 1% Pledge, a commitment to give back 1% of Equity, Time, Products, Revenue or Profits?

Yes

Do you have a business coach, CFO or accountant who is helping you improve Cashflow, Revenue & Profits?

Yes

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