Taking a holiday this summer is good for you and good for the business. Time out for relaxation, beach, sun, fun and time with family and friends. Great to refresh oneself for the stresses of work in the forth coming year. You can make this holiday much more enjoyable knowing that your cashflow management is working. Here are some tips that will let you get the most out of this holiday season.
How many days have you got before closing up and then reopen. You’ve got functions, staff obligation and work to complete.
Be proactive in the run up to the holidays. Everybody is busy, but you must keep on top of the cashflow.
Incentives go a long way in keeping up the relationships you’ve worked hard to establish.
Check out your stock. This is a good time to clear out slow moving or near redundant stock and ease the pressure on cashflow.
Don’t add to your costs if the holiday season is your quiet time. Close down or provide a diminished service. Not only does it save on costs, it requires staff to use up leave entitlements and freshen up everybody for the new year.
Does the information system employed provide you with the comfort that the business is working well? Although important all year round, it’s exceedingly relevant at this time of year that the cashflow system shows the extent of the business financial health. These days there are a number of software packages that provide reporting on cashflows, invoicing and expenses and the state of receivables and payables. With the advent of cloud accounting software the information is both seemingly instantaneous and accessible from wherever you may be. A vital tool in managing the business and cashflows during the holiday period.
AS Partners recognize that cashflow management is vital for business success no matter whether cashflows are positive in busy times or struggling in quiet times. We assist our clients with:
Finally, enjoy the holiday break and take lots of photos. It helps to recall the fond memories in future times.
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