Cash Flow Quiz  |  Gauging Your Business's Financial Health artwork
The Cash Flow CFO Podcast

Cash Flow Quiz | Gauging Your Business's Financial Health

  • S2E64
  • 11:48
  • May 13th 2024

“You want to make sure that you have a really good open relationship … that you're always talking to your business banker so that they know how business is going.”

-Andrea Jensen

Welcome to a brand new episode of the Cash Flow CFO Podcast. Join me on this solo episode as I share valuable questions about the current financial state of your business.

Join us to learn the whole story!

“it's so important to understand how ready are you to take on new contracts, to have a new opportunity come your way.”

-Andrea Jensen

Assessing Financial Readiness

In today’s episode, I dive into essential questions every business owner should ask themselves to gauge their financial readiness. I regularly discuss financial goals with entrepreneurs, prompting me to share these key questions with our audience. We go through crucial aspects like the ability to generate timely financial statements, the presence of a budget, and understanding customer acquisition costs.

Evaluating Management Practices

Listeners are encouraged to assess their businesses by answering simple yes or no questions regarding financial management practices. From the frequency of budget comparisons to the existence of a financial dashboard, each topic sheds light on the health of their operations. Additionally, I emphasize the importance of maintaining open communication with financial advisors, bookkeepers, and bankers.

Strengthening Financial Foundations

You’ll gain insight into your financial preparedness and are invited to share the quiz results for further discussion. Whether achieving 100% or identifying areas for improvement, these questions serve as a valuable tool for businesses aiming to strengthen their financial foundations.

Embracing Continuous Improvement

These questions serve as a litmus test for the financial robustness of any business. Achieving a perfect score on this quiz indicates a well-rounded team of financial professionals supporting your endeavors. Even if you didn't ace the quiz, it's not a cause for alarm. Instead, it's an opportunity to identify areas for improvement and take proactive steps towards enhancing your financial management practices.

“You should have somebody that is … forward thinking, helps you make strategic spending decisions in your business, somebody that has a financial background.”

-Andrea Jensen

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The Cash Flow CFO Podcast

Hey everybody, welcome to The Cash Flow CFO podcast, the show that explores the financial side of running a business for people who want to maximize profitability and scale with confidence.

If you want to make smart financial decisions based on data and put more of your hard-earned profits into your pocket, this is the podcast for you.

The Cash Flow CFO Podcast is brought to you by The Cash Flow CFO. Did you know that, on average, business owners have up to 84% of their personal net worth tied up in their business? Our team of virtual CPAs and CFOs, as well as accounting and bookkeeping experts empower business owners just like you to make big leaps that help them maximize profitability and scale with confidence.

Visit for more information, and thank you for listening.