The Tectona Partnership Financial Health Check
How financially healthy is your business? Take the test now to find out.
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Quiz Questions
1.
How confident are you when making big financial decisions?
A.
Very confident. I have clear, forward-looking insight.
B.
Reasonably confident, although more insight would help.
C.
Not confident. I rely heavily on instinct and historical data.
2.
How accurately can you predict your cash position for the next 3-6 months?
A.
Extremely accurately. Our modelling tools are very reliable.
B.
Fairly accurately, but greater certainty would help.
C.
Not accurately at all. It's mostly guesswork.
3.
To what extent does finance pull you away from running the business?
A.
Not at all. Our finance function runs like clockwork without my involvement.
B.
I'd like to be less involved so I can focus more on growing the business.
C.
Financial matters take up far too much of my time.
4.
Do you know which parts of the business are profitable and which are not?
A.
Yes. I have a very clear and up-to-date picture.
B.
More or less, although a clearer picture would help.
C.
Not really. I only know about the business as a whole.
5.
How do you feel about your Management Information (MI)?
A.
Extremely positive. It's concise and genuinely useful.
B.
It's okay. But it could be better.
C.
It's not very useful at all.
6.
How prepared are you for conversations about funding, investment or selling the business?
A.
Our documentation is on point. We're ready for anything.
B.
More or less. We'd need to pull a few things together though.
C.
Not at all. We'd need to do a lot of work before being ready.
7.
How confident do you feel in your financial systems and processes?
A.
Highly confident. Our systems and processes are state of the art.
B.
They're okay, but there's room for improvement.
C.
Not confident. Our systems and processes urgently need updating.
8.
How supported do you feel in your financial decision making?
A.
Well supported with clear insight and financial leadership
B.
Somewhat supported but I'd like to have more insight.
C.
Not at all. I often feel alone in the decision making.
9.
To what extent do financial matters concern you?
A.
Not at all. I feel that everything's under control.
B.
To some extent. I sometimes feel I might be missing something.
C.
More than they should. It feels like there's always something to fix.
10.
What role does your finance function play in your strategic thinking?
A.
It plays a key role in our strategy and allows us to plan well ahead.
B.
It keeps us up to date with what's happened recently, but doesn't indicate what lies ahead.
C.
It's mostly bookkeeping and compliance rather than strategy.
11.
How happy are you with your company's profitability?
A.
Very happy. We're doing well and are in full control.
B.
Reasonably. It would be good to know how we could improve.
C.
Not at all happy. But it's difficult to know what levers to pull.
12.
How would you describe your relationship with your bank?
A.
Strong. We have clear and regular communication.
B.
Okay. We're in touch when necessary and manage to stay on top of things.
C.
We don't really have a relationship. We're only ever in touch when it's absolutely necessary.
Quiz Outcomes
1.
Solid Foundations
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You're in a good place, with strong financial leadership and clear insight. Subscribe to our newsletter to stay ahead of the curve.
2.
Growing Pains
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You've reached a point where financial matters are holding you back. You will almost certainly benefit from some help and guidance.
3.
Leadership Gap
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You’re carrying too much financial responsibility personally and may be missing the strategic support that makes growth easier.
