Not even those of us who live in a permanent state of denial cannot fail to notice that the holiday season is fast approaching, some lucky people are planning for holidays but for a good portion of business owners this is an important period for ensuring their future business success.
The approaching holiday season reminds us of the seasonal nature of many Northland businesses.
It reinforces the importance of understanding and managing your cash flow which is a constant endeavour.
By understanding the seasonal effects on your turnover and costs you can be better placed to manage your cash flow and have sufficient working capital to see you through the slow periods of the year.
If your business is to be closed over the holiday season, how do you make sure that you are still front of mind with your customers? What contingencies have you made to ensure that when you are back to work in the New Year also back are your customers.