Calculator – Business CPR

Businesses are unfit to compete and are at increased risk of flatlining when they have poor cash flow from operations and weak profits. Both cash and profit problems are the results of poor usage of financial statements that can readily show where a business is at increased risk if used effectively.

By completing this business fitness check, your fitness to compete calculated results will tell you how at risk your business is to suffering failure from business cardiovascular disease over the next three years.
Year your business was founded
How many years have you worked in your industry
How many years have you owned your business
Is owners’ equity greater than liabilities?
- Yes
- No
Net Sales last year
Gross Profit %
Number of employees receiving a paycheck
Type of business ownership

Do you currently run your business out of your check book because you trust your bank account more than your financial statements?
- Yes
- No
If no, do you have a projection of how much cash you should have in the bank in four weeks?
- Yes
- No
If yes, what do you project your week five beginning bank balance to be?

Do you trust that your financial statements are an accurate reflection of how much profit your business is earning?
- Yes
- No
If yes, what is your current year-to-date:
Net Sales (top number)
Net Income (bottom number)

Which one of the following statements best describes your typical monthly use of your financial statements?
- I do a monthly variance analysis of my actual financial results compared to my planned financial results before the 10th of each month
- I look at my P&L statement monthly to see how much I sold and what we spent in the previous month
- I haven’t looked at a monthly financial statement in some time
How many times a year does your accountant review your financial results with you either in person or over the phone?
- Every month
- Every quarter
- Once a year
- My accountant only sends me my tax filing to sign

Business Fitness to Compete Calculator