Not Registered Yet Quiz

1. Do you regularly review your business income and expenses?

Pick the answer that feels the closest match to your situation.

I rarely look at my numbers - I leave it to my accountant.

Yes, I track everything monthly.

I check my finances occasionally but not consistently.

2. Do you have a proven system to track it (Software or Excel sheet)?

Pick the answer that feels the closest match to your situation.

Yes, I have user-friendly software, and it takes me about 1 hour or so to finalise figures for a month.

Why would I make my life more complicated by having a system to track my numbers?

I have software (or a spreadsheet) that I use, but I struggle as I am not sure how to do it efficiently.

I have software where accountants make all entries, and I only use it to invoice my clients and review the reports.

3. Do you know how much profit you can take home each month?

Income - expenses - future taxes = PROFIT to take home.

Yes, I track my profit monthly. I roughly know how much tax is due, so I make sure I take just the profit after tax.

I am so early in building my business, and I do not have profits yet.

I don’t always track profit closely. But I do have a separate account for tax, where I put at least 20% of my sales. So I know I can take home whatever is left.

I assume that if I have money in the bank account, that is my profit to take home. No?

4. What’s your approach to tax savings?

Pick the answer that feels the closest match to your situation.

I save, but don't know how much I need to put aside. Most of the time, I save too little, and it causes me stress.

I plan and set aside money for taxes as I always know my profits.

I wait until tax season ends and hope for the best.

5. Do you separate business and personal finances?

Pick the answer that feels the closest match to your situation.

Yes, I have separate bank accounts and budgets.

I have separate bank accounts, but I mix funds when needed.

No, I use one bank account for business and personal.

6. How do you decide your pricing?

Pick the answer that feels the closest match to your situation.

I go with what feels right or what I think people will be willing to pay.

I started with low prices, but as my confidence and expertise grew, I now charge premium rates that reflect the high value I deliver.

I check what others in my industry charge and try to stay somewhere in the middle.

I honestly just guessed when I started and haven’t really revisited it since.

I calculate my costs, include my time, and add a profit margin - it’s a strategic decision.

7. Do you have a cash flow buffer in case of slow months?

Pick the answer that feels the closest match to your situation.

No, I rely on clients paying on time and never running out of new clients.

Yes, I have an emergency fund or savings to cover business expenses for at least 3 month.

I try to save, but I don’t have a set system.

8. Do you track which products/services make you the most profit?

Pick the answer that feels the closest match to your situation.

No, I just focus on selling whatever brings in revenue.

I think I have an idea, but I don’t look at detailed numbers.

Yes, I analyse profitability and focus on my highest-earning offers.

9. Do you regularly check if you’re overspending on unnecessary business expenses?

Pick the answer that feels the closest match to your situation.

Yes, I review expenses and cut what isn’t necessary at least a few times a year.

I look at expenses sometimes but don’t make major changes.

No, I don’t track small expenses - they don’t seem significant.

10. How do you handle payments in your business?

Pick the answer that feels the closest match to your situation.

I confirm the price and ask for payment first. If the client requests it, I send an invoice afterward.

I take full payment after the work is done - I want to make sure the client is happy first.

I start the work immediately and invoice later. I trust the client will pay when they can.

My products are digital, so payment is required upfront. Once paid, the system automatically sends an invoice.

I issue an invoice and won’t start work until it’s paid. If it’s not paid, I follow up with a reminder, and then a phone call if needed.

I issue an invoice and wait for payment before I begin, but I don’t chase unpaid invoices - I assume they’re no longer interested.

11. Do you have a plan for scaling your business?

Pick the answer that feels the closest match to your situation.

I think scaling should happen naturally.

No, I focus only on keeping my business running for now.

Yes, I reinvest profits and have a growth strategy. I set regular goals.

12. How often do you review your financial systems and processes in your business?

Pick the answer that feels the closest match to your situation.

Regularly, I’m always looking for ways to make things smoother or save time/money. If something feels clunky, I tweak it

Rarely, I learned a system once that works “well enough” and haven’t had time to review or improve it.

Never - I avoid it because numbers confuse me, and I don’t feel confident changing anything.

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