For some small business owners, this time of the year can be full on.
That’s why we wanted to share a few tips of ours to help make these Easter Holidays as carefree as possible.
1. FOR THOSE NOT OPEN OVER THE BREAK – MANAGE YOUR CASHFLOW!If your business is closed over the holiday season, make sure you can sustain to pay wages and expenses. Send your invoices immediately. As soon as the contract is signed, or the work is completed, send the bill. If you’re not in a habit of sending invoices quickly, you are delaying your payment and creating a hole in your cycle. Instead, send invoices ASAP to be paid ASAP.
If you’re looking to thrive your business over this Easter Holiday period, find out how a Business Loan could help by giving your business access to capital in just 48 hours.
2. IF YOUR BUSINESS GETS BUSIER - STOCK UP ON INVENTORYBefore the peak period arrives, make sure you’re covered with enough stock. Look back at sales from last year and forecast your sales and targets. By better understanding the demands of your customers and the patterns of your business, you can predict your stock levels better and purchase accordingly. Many suppliers may not be open over the holiday period and last thing you need is to be worrying about the small things when things are busy.
3. HIRE NEW STAFFHoliday periods = peak shopping season. There may be a high demand for casual staff to boost the workforce during holiday period. So if you know you'll be busier than usual, make sure you’re prepared and train new staff to cover well in advance.
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