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Home Start your journey Finance Finder Back to Finance Readiness Checker Finance Readiness Checker Business Overdraft 01 02 03 04 05 06 Q.1 Do you have a written business plan? Yes No A business plan is a written document that describes your business. It often includes information about your management structure, goals, strategies, marketing, and sales plans as well as financial forecasts. Back to business overdraft Next step Q.2 Do you have a written cash flow forecast? Yes No A cash flow forecast is an estimation of the money you expect your business to bring in and pay out over a period of time, usually 12 months. Go back Next step Q.3 Do you have a written balance sheet? Yes No A Balance sheet is an important document that shows what your company owns, what it owes, as well as the amount you and other shareholders have invested. Go back Next step Q.4 Do you have a written profit and loss statement? Yes No A profit and loss statement, (also called a profit and loss account) tells you if your business is making a profit or a loss over a specific period. Go back Next step Q.5 Do you have a business account? Yes No Having a business bank account enables you to keep your business finances separate from your personal finances. Go back Next step Q.6 Do you have a good understanding of your credit history and current business credit score? Yes No Your business credit score works a lot like your personal one and is intended to reflect the financial health and credit worthiness of your business.It’s used by banks and other potential lenders (as well as investors) to make decisions about whether to lend or invest. Go back See results
