Professional Service Firm | Finance

  1. How do we rate ourselves on financial management?
  2. Do we have a clearly articulated financial strategy and planning process that establishes revenue and earnings goals?
  3. Do we track both lagging and leading financial indicators?
  4. Do we produce very thorough, timely reports on all of the relevant metrics to run the business?
  5. How closely do we manage cash flow from collections and working capital?
  6. How transparent are the financial goals and results to the partners’/equity owners?
  7. How do we rate ourselves on accountability against financial goals?
  8. Do we invest in the people and tools to appropriately manage and track financial performance?
  9. Do we have any of the following early warning signs of failing financial health?

Warning signs of failing financial health

 

 

Test Your Performance on the PSF Leadership Model

To gage your performance on each of the 10 critical areas of management focus, take some time to review and discuss the following series of questions.

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