Most busi­ness own­ers are lousy at finance.  The bru­tal fact is finance isn’t your first love.  You just want it to work and not scare the heck out of you.  The good news is, you are in good company.

Finance brings up a range of emo­tions, from fear to frus­tra­tion and every­thing in between.  Because mon­ey-cen­tric emo­tions are the kind you tend to avoid, it becomes easy to set­tle for a sec­ond-rate finan­cial foun­da­tion.  In the short run, it is sim­pler to focus on the things you like to do, like sell­ing and inno­vat­ing, than it is to trou­bleshoot your finances. Watch out, this will catch up with you when you least expect it.

When I speak with busi­ness own­ers these are some of the things I hear:

  • I hired the best per­son I knew, and I hope it is ok, but I don’t know
  • No, I don’t look at my finan­cials, just my net income, sales and cash
  • If I am hon­est, I wor­ry about what I don’t know, but most of the time I don’t have time to think about it
  • I know that if I have a sol­id finan­cial tool box, I’d make bet­ter deci­sions, avoid road­blocks and find more oppor­tu­ni­ties but how do I get there?

How do you know what you don’t know?  Where do you start to build con­fi­dence in your finan­cial sys­tems? How do you assess your cur­rent finan­cial sys­tem, so you know where improve­ment is needed?

At Mack­ey Advi­sors, we have a tool to help you answer those ques­tions.  It is our Finan­cial Fac­tors Score­card. ™ It is user friend­ly, and you don’t have to become an accoun­tant gain insights from it.  The tool let’s you eas­i­ly and quick­ly assess where your busi­ness is in 8 of the most impor­tant areas of Finance:

  1. Income Tax Management
  2. Inter­nal Controls
  3. Finan­cial Statements
  4. Cash Flow
  5. Bud­get & Forecast
  6. Finan­cial Trans­paren­cy and Buy-in
  7. Finan­cial Analysis
  8. Own­er Satisfaction

If you are curi­ous to know where  you stand, click here to down­load the score­card.  Instruc­tions are includ­ed.  If you need more help, con­tact me at or 859–331-7755