Conducting a health check of your business

22/10/2025 12 min Temporada 5 Episodio 38
Conducting a health check of your business

Listen "Conducting a health check of your business"

Episode Synopsis

Send us a textIn this episode, Stuart and Mena explore why every business owner should conduct regular health checks, not just when things go wrong, but as a proactive strategy for long-term success. They break the health check process into six core areas, starting with financial health, where Mena explains how to assess profitability, cash flow strength, and balance sheet resilience. Stuart then examines client and market health, highlighting the importance of avoiding overreliance on key clients, staying relevant in your market, and keeping your lead pipeline strong.Mena dives into operational health, discussing the need for scalable systems, up-to-date technology, and robust risk management, including cybersecurity. Stuart covers people and culture, identifying key person risk, the value of staff engagement, and building capability for the future. Mena also unpacks strategic health, asking whether your vision is still clear, your competitive edge is still relevant, and whether you're actually executing on your strategy. Finally, Stuart turns the spotlight on the owner’s health: is the business still serving your lifestyle, delivering a return on effort, and capable of running without you?This episode is a practical, thought-provoking guide for stepping back from the day-to-day and making sure your business is truly fit for the future.If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey! Click here to subscribe to our weekly email. SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here. Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website. Follow us: Stuart: Twitter/X and LinkedIn. Mena: LinkedInIMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.