Unless you're a Seasonal or Retail based business, it's no secret that business will slow down around the holiday season. Right around October is where you can see a big drop in sales. These Holiday months can be rough on small businesses, so How do you continue your company's growth into the holidays? If you agree that there might not be any customers to sell to during this time, what do you do with the extra time?
It's crucial to not become idle and complacent during this Holiday season. As a business owner, there's always things to be improved on and not hustling through the Holiday season can allow competitors to close in on your market. No matter what industry you're in, there's always challenges that need to be addressed. The harsh reality is - businesses fall victim to the Holiday slow season and end up closing doors.
Stay ahead of competition and prepare for the Holidays. While others slow down and sit around, get the edge with these 4 tips.
Follow up on overdue Invoices
If you're a small business, there's a high chance that there's outstanding invoices that haven't been paid. With the additional downtime, make an effort to cash in on these invoices. Sometimes it's as easy as invoices that you forgot about. Other times, it's more difficult cases that need to be sent to collections - either way, you shouldn't leave money on the table. Any money coming in is helpful to your books.
Make sure to keep note of why invoices are outstanding. Later, you can improve your billing process this way to ensure no more leaks.
Trim fat by cutting expenses
It's easy to allow monthly expenses to get out of control. When business is doing well, you don't notice the small thing. But You don't have to wait until urgent times to do a review of your business expenses. There's always ways to cut back. Where to start? Try Asking your employees. For Example: You can reduce your marketing expenses if your employees know that the ROI won't be good or You can ask for email subscription/marketing services to be suspended a month. Finding ways to trim your expenses will give you extra cash flow into the new year.
Another expense you can look into reducing is your payroll. You can increase your employee morale and satisfaction by offering an option to have 1-2+ weeks of unpaid vacation. Some Employees will appreciate this option as they cherish time with their family and loved ones. In exchange, you get to reduce payroll for the month, and It's a great way to keep everyone happy.
Build up a cash reserve
It's always good to have a 2-month operating cash reserve, regardless if it's the Holidays or not. In the months leading up to the last quarter, stash away some money for your cash reserves. If times get rough, you'll be glad that you have it. You never know if you might need it for some unexpected tax liabilities or other operating expenses.
Reflect and Plan your attack
During the slow season, you should reflect on the past year of business. Meet with your accounting department to see what month was the busiest, then plan accordingly. Plan to apply strategies that were the most successful and make a note of what services or expenses offered the best ROI. Then Challenge yourself with a realistic goal that you want to beat. This will encourage growth and serve as a benchmark for you to work toward.
It's not easy running a business. But between balancing your books, keeping your employees happy and solving problems daily - sometimes you forget about relaxing. Our final piece of advice is about stepping away. Taking a Vacation won't destroy your business. The best time to take some personal time off is during the Holiday slow down. Going away for a vacation can do wonders for your thought process. According to (Forbes), 3/5 people reported having better clarity with their thoughts after an extended vacation. Use our tips to ensure productive use of your downtime.
We all need vacations to take a break from the monotony of our work. They help us to relax and rejuvenate. If you are looking for a vacation amidst the beauty of nature, there can be nothing better than canoeing vacations. Canoeing is sailing in a small narrow boat which is normally human powered, using paddles. However, nowadays, they are also powered by small electric or gas motors. There are many travel companies which provide some of the most incredible canoeing vacations for you, whether you are with your family, in a group or single.
Although there are a large number of destinations where you can go for a canoeing trip, but the canoe holiday trip packages to Croatia are one of the most popular amongst a lot of. The pleasant climate of Dalmatia, Croatia makes it a favorite spot for canoeing. Canoe trips are mostly arranged in Dubrovnik, Split, Zadar, Istra and Zagreb areas. You get a chance to unwind yourself while paddling along the beautiful Dalmatian Coast. You can canoe all over the Adriatic Sea. The campsites are registered campgrounds with indoor bathroom and are located in proximity to the sea and the guest house. Most of these companies offer packages that are multi-day trips including multi-sport excursions as well.
Many tours and travel firms offer fully equipped and guided canoe trips in the pristine waterways of Central Florida namely the Wekiva River, Silver River and Lil’ Amazon. You can not only paddle these spring fed rivers but also swim, snorkel, fish or do bird watching. A typical day can last anywhere from 2 to 8 hours depending on what you want to explore.
You also get a chance to go on a canoeing and kayaking trip to Alaska’s Prince William Sound, known for its tidal glaciers, sea caves and abundant wildlife. One does not require any prior experience for it. That would be an adventurous trip.
The canoe trips to NE Minnesota Boundary Waters give you the experience of a lifetime. The package includes fully outfitted canoe camping vacation as well as guided fishing trip. You also get the opportunity to go on canoeing trips to the beautiful Shenandoah River, situated near Shenandoah National Park and Luray Caverns; Washington DC.
You can find a lot of companies online that offer the best canoeing packages. However, if you are unsure of which company’s service you want to avail, you can log on to
. The renowned company provides pre-defined packages as well as customized expedition to the clients. As a part of the trip, they also provide help guides, light weight gear and supplies excellent lodging and delicious meals. Besides canoeing, it arranges various other adventurous trips as well such as ballooning, biking, kayaking, rafting, scuba and snorkeling, hiking and trekking and many more.