Take this quick business finance knowledge quiz to find out if you’re confidently leading your business finances — or if it’s time to call in a financial co-pilot.
Instructions:
Pick the answer that best describes you for each question.
At the end, see which letter you chose most often to get your result.
1. How often do you review your financial statements?
A. Every month — it’s part of my routine
B. A few times a year when I remember
C. I avoid them unless I absolutely have to
2. Do you know your profit margin after all expenses?
A. Yes, I could tell you right now
B. I think I know, but I’d have to check
C. Not really sure what that number is
3. Do you track your cash flow and know what’s coming in/out?
A. I have projections and tools to track it
B. I check the bank account and make decisions based on that
C. I mostly cross my fingers and hope
4. How do you make financial decisions like hiring or investing?
A. Based on reports and forecasts
B. Based on gut and general trends
C. When it feels urgent or I hit a problem
5. Do you know your break-even point?
A. Absolutely — I use it in planning
B. I’ve heard of it but never calculated it
C. I don’t really think about that
6. Do you have a budget for your business?
A. Yes, and I follow it
B. I have one somewhere, but don’t stick to it
C. I’ve never created one
7. Is your payroll, tax filing, and compliance always up to date?
A. Yes, without fail
B. It gets done, but sometimes at the last minute
C. It’s a constant stressor — I’m always catching up
8. Do you work with a financial professional?
A. Yes — I get regular reports and insights
B. I work with someone but they just file things
C. I’m DIY’ing it or not doing much at all
9. Do you track which products or services are most profitable?
A. Yes, and I use that data to grow smarter
B. I have a general idea
C. Not really — I focus on whatever brings money in
10. Do you have a clear financial growth plan?
A. Yes — with specific targets and milestones
B. Sort of — it’s more like a wish list
C. Not at the moment — I’m focused on day-to-day
💡 Your Results
Mostly A’s — Strong Financial Foundation
You have a solid handle on your numbers and are using them to guide decisions. This means you’re well-positioned to plan, grow, and respond strategically to challenges. Keep refining your systems and consider deeper financial forecasting if growth is on the horizon.
⚠️ Mostly B’s — In the Middle Ground
You’re doing better than most, but there are some knowledge or consistency gaps that could lead to stress or missed opportunities. Strengthening your financial habits and gaining more regular visibility into your numbers could bring more peace of mind and control.
🛠 Mostly C’s — Time to Build Your Financial Toolkit
You’re likely operating reactively rather than strategically when it comes to finances. That’s common for busy owners, but it can limit growth or create long-term risks. Building some simple financial systems and support can go a long way — even small changes can lead to big results.
Ready to Know Your Numbers?
If you’re tired of guessing, hoping, or winging it — it might be time to partner with a Fractional CFO.
Anthem will help you get expert financial guidance without the full-time cost. Get in touch today.
