Most small-business trouble comes from the same handful of gaps: no reserve, no written agreements, taxes not set aside, records in one person's head. Each one is easy to fix once you see it.
The ten questions
- Is business money in its own accounts?
- Do you have at least three months of expenses in reserve?
- Do you set aside money for taxes from every payment?
- Does every client have a written agreement or scope?
- Are your insurance policies current and right for the work?
- Are your records backed up somewhere other than one device?
- Do invoices go out within two days of finishing the work?
- Do you know your profit margin on your main service?
- Are your renewals and filings on a calendar?
- Could someone keep things running if you were out for two weeks?
Fix the no's one at a time
Start with the one that would hurt most if it went wrong this month.
Our business health check scores your answers and links to the tool for each gap.
This article is general information, not legal, tax or regulatory advice. Rules change; confirm current requirements with the responsible agency or a licensed professional.
