Mulcahy & Co Business Health Check Form

Page 1

Are You Financially Secure? Your Annual Review

Our core purpose is ‘TO HELP COMMITTED CLIENTS ACHIEVE FINANCIAL SECURITY’ THE PROCESS • • • •

Complete as much detail as possible A meeting is scheduled Are You Financially Secure? summary report is updated Outcome – you on track to achieve Financial Security

At Mulcahy & Co we are in a unique position to provide the expert advice and solutions of accounting, financial planning, lending, legal and information technology all under the one roof. This makes a normally complicated process seamless to help you on your way to becoming financially secure.

WHAT DOES BEING FINANCIALLY SECURE MEAN? It means assessing your personal and business goals and developing a plan to achieve them. 1. Goals & objectives 2. Estate plan 3. Risk plan 4. Asset protection plan 5. Taxation plan

Name:

6. Debt plan 7. Retirement plan

Date of review:

8. Business plan 9. Superannuation plan 10. Investment plan FOLLOW OUR 10 STEPS TO SUCCESS TO ACHIEVE FINANCIAL SECURITY... Visit www.mulcahy.com.au for more information

mulcahy.com.au MULCAHY.COM.AU

MULCAHY & CO | P 03 5330 7200 | F 03 5330 7250 | INFO@MULCAHY.COM.AU | 300B GILLIES ST NTH, BALLARAT


Business Health Check

Our core purpose is ‘TO HELP COMMITTED CLIENTS ACHIEVE FINANCIAL SECURITY’

BUSINESS

CURRENT POSITION

Business name:

Yes

No Do I know my current net asset position?

Yes

Position title: Mr/Mrs/Miss

Yes

Family name:

First name:

Middle name:

Yes

Daytime phone:

Mobile phone:

Yes

Email address:

Yes

No No No

No

Do I know what my current lending interest rates and repayment commitments are? Do my current business and investment structures provide adequate asset protection? Do I have the appropriate personal insurances in place, Life, TPD, Trauma, Income protection etc? Do I have appropriate insurance cover for my business & know what I am covered for Public & product liability, Assets, Management, Travel etc? Do I have documented Vision, Mission and core values?

Business street address: Suburb:

No

Yes State:

No Do I take time out to work on the business (not in the business)?

Postcode:

FUTURE How much do you know about your business and how to make it a success?

Yes

No

Yes

No

Do I know what my business is worth now?

FINANCIAL Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Do I know how and when I will exit my business?

Do I have access to up to date financial reports?

Yes

No

Do I have a budget/cashflow forecast that I review and update against actual results?

Do I have a documented succession plan? Do I have a personal will and business will that deals appropriately with my business?

Do I know my break-even level of sales? Yes

No

Yes

No

Do I know my most profitable products or services?

BUSINESS GOALS Yes

No

Have I completed a bottom up budget? Yes

No

Do I know how much profit I want to make? Yes

No

Do I know how I compare to the industry benchmarks? Yes

STAFFING Yes

No Am I paying staff per the correct industry award?

Yes

No

Yes

No

Do all staff have formal job descriptions?

Yes Yes

No No

Do I have a staff structure diagram outlining each staff members responsibilities and authority? Do I have adequate workcover and appropriate industry classification and estimated annual remuneration? Do I pay all employee superannuation obligations by the due date?

If your answering “No” to these questions, we invite you to speak with one of our experienced team to help reach financial security for your business. Phone 03 5330 7200 or email info@mulcahy.com.au for a complimentary business assessment today!

MULCAHY.COM.AU

Do I have a business plan or action plan for the next year? 3 years?

Yes

No No

Do I know how to keep myself and the people around me motivated? Am I able to clearly define what success looks like for my business? Am I happy in my business?

TOTAL SCORE

/27

Is there a friend, relative or business associate that you think would benefit from becoming financially secure with Mulcahy & Co

Our mission or key purpose is to help committed clients achieve financial security ARE YOU FINANCIALLY SECURE? Follow our 10 steps to success to achieve financial security... Visit www.mulcahy.com.au for more information

mulcahy.com.au

MULCAHY & CO | P 03 5330 7200 | F 03 5330 7250 | INFO@MULCAHY.COM.AU | 300B GILLIES ST NTH, BALLARAT


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