Whether you're just starting out or have been in business for years, tracking your financial health is a key part of operating a sustainable, profitable business.

By monitoring key financial elements regularly, you can spot trends, identify issues early, and uncover opportunities for growth. Here are four core areas to keep an eye on:

· Cash Flow

Track how money moves in and out of your business. This helps you avoid shortfalls, plan ahead for expenses, and ensure you always have the cash on hand to meet your obligations.

· Profit Margins

Understand how much profit you’re making after covering your costs. Are your products or services priced correctly? Are there areas where you can cut unnecessary expenses or increase efficiency?

· Operating Costs

Regularly review what you're spending to keep your business running—rent, subscriptions, software, utilities etc.—and look for areas to reduce costs.

· Break-even Point

Know how much you need to sell each month to cover all expenses. This helps you set realistic sales targets and pricing strategies.

Reviewing these monthly or quarterly can help you stay on track, make better decisions, and ultimately build a stronger, more profitable business.

If you need help getting started – get in touch with us today!