Financial Checkup Checklist

To check in on your financial health, answer the following questions “yes” or “no.”

  • Do you currently have debt or loans that are more than three years old?
  • Have you recently applied for a loan or government program?
  • Do you know what your credit score is?
  • Do you track expenses on a monthly basis?
  • Do you know what your largest expense category is? 
  • Have you taken an audit of your business in the past 2 years?
  • Have you talked with your clients in the last 90 days?
  • Have you met with the top 20% of clients in the past 30 days?
  • Is your business ahead of trends in your industry?
  • Do you send invoices in a timely manner?
  • Do your customers or clients generally pay on time?
  • How do you collect owed payments?
  • Do you know where your financial documents are, i.e. income statement, tax returns, credit reports, etc.
  • Do you have a succession plan? 
  • Do you have an emergency fund?

If you answered “yes” to all 15 questions, Congratulations!  You’re in great fiscal shape!  If not, set up a FREE account at loan mantra today!