What to do if you are shutting down during the festive break – Close off the current year properly. Review successes and failures. – Let your customers know when you will be away – send them an email or a text message notifying them about the dates of your holiday shutdown. – Have an out-of-office notification on all your communication channels which includes when you will be back, as well as an emergency number. – Have all your social media posts scheduled for the holiday period.
4-Steps to complete your financial prep – Start by reducing discretionary expenses. Re-evaluate your company policies for travel, entertainment, and office supplies, for example. – If you expect a seasonal cash flow crunch, prepare for it by speaking to your bank about an overdraft. – Get your invoices out at soon as possible and make those phone calls where necessary to get what is due to you before the shutdown. – Take advantage of any special deals that might be relevant for your business.
READ: The Top 5 Accounting Software in SA - This tool helps you do tasks like record transactions, send invoices, store receipts, and track sales taxes, cash flow management, as well as tax management.
Comments