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Business viability assessment tool You can use this tool to help you determine whether a business is viable. The assessment considers a range of information that is linked to the financial performance and position of the business. Viability is defined as the ability to survive. In a business sense, that ability to survive is ultimately linked to financial performance and position.
A business is viable where either: What you will need to complete your assessment The following documents for the year to date and the two preceding financial years: Using the tool Based on the financial data and answers you enter, this tool will provide you with a business viability assessment report.
How to interpret your viability assessment results If your assessment returned predominantly with ticks, this may indicate that your business is trading viably. If your assessment returned predominantly with crosses, this may indicate that your business is not trading viably and the financial performance and position of your business may be at risk.
Some questions are considered to be more important in assessing the viability of a business. These questions are highlighted in bold in the summary.
It is important to understand that in interpreting your results, the tool is provided for information purposes only and does not constitute a comprehensive business analysis. The tool is designed to provide an overview of business viability only and any results generated by the tool should not be considered as conclusive or definitive in relation to an assessment of your business viability or solvency.
If, as a result of using the tool, you have any concerns or issues in relation to your business viability, you should seek professional advice from an accountant, solicitor or insolvency practitioner in the first instance We do not keep a record of your personal information on our systems.
Your information is only retained for the purpose of completing the assessment. Use the Business viability assessment tool. Professional advice Seeking advice at the earliest opportunity helps to ensure you address financial issues before they escalate or become unmanageable.
For more information, seek professional advice from an accountant, solicitor or insolvency practitioner, or visit the following external websites:Ve el perfil de Minnie Yang en LinkedIn, la mayor red profesional del mundo.
Minnie tiene 5 empleos en su perfil. Ve el perfil completo en LinkedIn y descubre los . Business viability assessment tool. You can use this tool to help you determine whether a business is viable.
The assessment considers a range of information that is linked to the financial performance and position of the business.
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