Blog

It can be very difficult to plan six months from now! Unless it’s for that well-deserved holiday, right? Yeah… We feel you completely! But imagine how much better you will feel planning for that holiday knowing that your business is taken care of (at least on paper!) for the next few months. 

Yes, we know its February, but whether you plan for it or not, Easter and Christmas come around the same time every year. Think about what you would like to offer. Do you need ads? Will you need imagery or videos? How much is your budget? What is your ultimate objective? Depending on your audience and objective, you will be able to decide between print or digital media. 

Will your store/service hours change? Will you be adding a new holiday themed product? What holidays are you going to include exactly? Deciding now will help you plan better financially and mentally for the rush. 

Send an email off today letting them know you would like to have the conversation earlier rather than later. It will alleviate so much pressure for you and your employees if you have a set plan ahead of schedule. 

Think of your bookkeepers, advisors, tax accountants, business coaches, financial pleanners - even your insurance broker!

You should also have a look at your previous year to see where you fell short or exceeded your financial expectations. Ask them what would change the game for you!

Also check what type of financial compliance obligations you have - from income tax to employee tax to workers insurance. 

Most businesses experience a lull at some point during the year. Have you identified which one is yours? Many service-based businesses experience a slow down around the holidays. Others are slow in January-February-March. If this is the case with you, will you have the cash set aside by the end of November to help you push through period when you are not generating enough sales to pay all your expenses and staff salaries? 

This is part of cashflow forecasting - if you haven’t got an advisor in this space in your business - we recommend you get one. Make this the year! We offer services in and around this area - helping you keep the business healthy!

All businesses are different, even one’s in the same industry! What issues could you be better prepared for this coming year? Sitting down with a team member could also help you to identify them.

By doing this, you won’t simply be on react mode when issues crop up. You will have a set plan ready to implement when the time is right! Plus, you can now go plan that holiday with a guilt free conscience knowing that your business is taken care of. 

If you feel that you could do with an extra set of eyes on your finances, our team at Talo is very happy to help you out! Does your business need accounting, bookkeeping or other financial help? Why not get in touch with our firm so that we can assist in making your business happier and more prosperous.