Business Health Check Quickly and easily identify issues in your business – grow your profit, cash and value Successful organisations analyse their business’s performance to identify areas which require improvement. Addressing these areas of inefficiency results in improved business performance, which leads to increased profits, better cash flow and growth in the value of the business. How healthy is your business? Business owners typically rely on rudimentary performance analysis techniques. These analysis methods are often misleading and fail to accurately and efficiently identify the critical areas which require improvement. How effective is the management of your key performance indicators (KPIs)? All too often there is a misunderstanding about what drives business performance. If you are to understand, manage and measure your business’s performance you must know the operational KPI’s. They provide a business owner with an indication of future potential issues and allow responsive problem solving. Advisory Successful businesses monitor the critical financial indicators so they are able to direct their attention to the areas that they have identified need it most. Is your ability to create cash flow constraining your ability to grow and create value in the business? “Cash is King”. Profitable organisations can “grow broke” if they don’t manage their cash flow. Efficient management of cash flow and especially the working capital on the balance sheet can dramatically increase business value and create wealth. Do you know what your business is currently worth? Is your business worth what it should be? Do you have financial indicators capable of highlighting issues within your business? Business owners often overestimate the value of their business. An understanding of current business value versus expected business value allows you to implement strategies to bridge the value gap. Most business owners have a sense of where things aren’t quite right. A business health check will help owners understand business issues and improve business performance. Talk to one of our advisors Please contact your local Crowe Horwath advisor to find out how we can assist you. Connect with us: @CroweHorwath_AU Crowe Horwath Australia A business health check allows you to: ■■ Identify and manage weaknesses ■■ Improve profit ■■ Maximise cash flow ■■ Increase business value Our business health check report includes: ■■ A composite scorecard of key financial indicators ■■ An analysis of the key dimensions of financial performance (profitability, breakeven, cash flow) Financial Scorecard ■■ Recommended financial measures and industry based targets ■■ Appropriate non-financial indicators you can use to drive your business ■■ Identification of where potential issues may lie ■■ A comprehensive list of measures and strategies to improve your business and create value The Financial Scorecard is designed to quickly and easily identify potential issues in your business. Cash Flow Analysis About Crowe Horwath Crowe Horwath Australasia is the largest provider of practical accounting, audit, tax, business and financial advice to individuals and businesses from a comprehensive network of over 100 offices. Crowe Horwath is part of a global accounting network that delivers high quality audit, tax and advisory services in over 100 countries. We are the relationship that you can count on – large enough to offer a range of expertise and skills – and small enough to provide the personal touch. Tel 1300 856 065 www.crowehorwath.com.au The relationship you can count on This fact sheet provides general information only, current at the time of production. Any advice in it has been prepared without taking into account your personal circumstances. You should seek professional advice before acting on any material. Liability limited by a scheme approved under Professional Standards Legislation (other than for the acts or omissions of financial services licensees) in each [State or Territory other] than Tasmania. Crowe Horwath (Aust) Pty Ltd is a member of Crowe Horwath International, a Swiss verein. Each member firm of Crowe Horwath is a separate and independent legal entity. Crowe Horwath (Aust) Pty Ltd and its affiliates are not responsible or liable for any acts or omissions of Crowe Horwath or any other member of [Crowe Horwath and specifically disclaim] any and all responsibility or liability for acts or omissions of Crowe Horwath or any other Crowe Horwath member. Crowe Horwath (Aust) Pty Ltd ABN 84 006 466 351. Date: March 2015