Have You Taken a Step Back to Compare Your Business Growth This Year?
- Manoj Pahwa
- Mar 8
- 2 min read
As the financial year draws to a close, now is the perfect time to assess your business’s growth and financial health. Comparing last year’s performance with this year’s numbers helps identify strengths, weaknesses, and areas for improvement.
Key Areas to Review Before Closing the Year
1. Revenue & Profit Trends
Has your revenue grown, stagnated, or declined?
Check profit margins, operational costs, and sales growth.
Identify high-performing products/services and those needing improvement.
2. Cash Flow Management
Do you have enough liquidity to cover expenses?
Address delayed payments, excessive credit sales, or poor expense tracking.
Optimize cash reserves to sustain operations smoothly.
3. Debt & Loan Management
Are you managing loans efficiently or over-leveraged?
Consider refinancing, restructuring, or early repayments to improve your balance sheet.
Review interest costs and repayment schedules to optimize debt servicing.
4. Expense Optimization
Are unnecessary costs affecting profitability?
Review overheads, subscriptions, and inefficiencies to cut unnecessary expenses.
Implement cost-saving measures without compromising business operations.
5. Tax & Compliance Status
Have you maximized deductions and ensured timely GST, TDS, and ITR filings?
Late compliance can lead to penalties and interest charges.
Ensure tax planning aligns with your business goals to reduce liabilities.
6. Working Capital Health
Check inventory turnover, accounts payable, and receivables.
Ensure efficient working capital management to avoid liquidity crunches.
Optimize supplier and client payment terms for better cash flow.
7. Balance Sheet Strength
Compare assets, liabilities, and equity from last year to this year.
Does your financial position look stronger or weaker?
Assess financial ratios to determine business stability and growth potential.
8. Investment & Expansion Readiness
Is your business ready for the next phase of growth?
Identify areas for strategic investments that can boost profitability.
Plan for funding, expansion, and technology adoption in the new financial year.
Before March 31st, Take a Step Back & Analyze Your Business Health!
Make informed financial decisions
Improve your balance sheet
Optimize your tax position
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