Understanding how to measure business health as a company director

As the director of a limited company, it’s your responsibility to act in the best interests of the company and safeguard the financial health of your business. You’ll need to plan to make sure your business can stay viable in the event of trading uncertainty and unprecedented market conditions. Your business can also deteriorate if you do not keep a watchful eye on the financial performance of your business. Understanding how to measure business health can increase your chances of survival and reduce the likelihood of experiencing long-term financial distress. Without this knowledge, your business could experience irreversible damage and…