Purpose-driven entrepreneurs run healthy businesses. The financial health of your business tells the entrepreneur and other stakeholders how well your business is doing and measures its sustainability. From personal experience as well as the experience of my clients, having an unhealthy financial structure in your business is a recipe for disaster. As we see from the experience, we are going through with Covid-19, an unhealthy anything can be harmful, can lead to a pandemic, and can be potentially fatal in the long run.
However, when your business health is assessed, you get a diagnosis, and with a diagnosis, you get the opportunity to stop the route cause from continuing to fester by implementing a proper treatment system. So, let’s get into two of the steps you need to follow to assess the financial health of your business and how to treat any problems identified.