Take Care of Business this Holiday Season With These Five Tips

Categories: Small Business

4 December 2018

Christmas is indeed a very busy time for all of us, both in business and at home.

The holiday season is just around the corner, and if you feel that it has crept up on you this year, then worry not, Scott Partners accountants and financial services company, Melbourne, have devised their top five tips to help you get organised and end 2018 with everything running smoothly.

1. Allocate time

It may seem like very simple advice, but during the festive season, business for many can be the busiest time of the year. Often we are so busy just managing day to day operations, that year-end can feel like it has come out of the blue. Setting specific time aside to look at where your business is going, how the past year has gone and what priorities you have for the year ahead can be invaluable.

2. Assess your finances

Whatever the size of your business, it’s important to know the bottom line. Take stock of overheads and all costs including staff. Pay attention to margins and consider getting professional financial advice to ensure you are on the right track.

3. Communicate

Whether it’s with staff or customers, communication is key. Employees need to know about working arrangements and customers must be informed of how you will operate during the holidays. If there is to be a change from your normal routine this is crucial.

4. Talk to suppliers

Having a pre-Christmas financial health check is a great thing to do for your business and your accountant will help you ascertain where savings can be made. Availing of professional advice is a key way to be clear about how to achieve your cost-saving goals.

5. Take pride in your achievements

Once you have taken steps to prepare for this busy season you will feel calmer and more in control. It is certainly not too late to make some beneficial changes which will set you on the right track for 2019.