Have a seasonal business? 4 tips for year-round profitability.
(By Saige Driver published by www.businessnewsdaily.com 9 Nov 2018)
Being a business owner is stressful, and it can be even more stressful if you’re only profitable during part of the year. However, being a seasonal business doesn’t mean you’re doomed to zero cash flow in the offseason: It’s all about careful planning and creating a strategy to keep you going long after peak season.
Whether you’re gearing up for the holiday season or slowing down after your summertime rush, here’s how to keep your business afloat throughout the year:
- Understand and manage offseason expenses.
- Use the offseason to strategise and plan.
- Look for other business opportunities and diversify services.
- Seek out opportunities with businesses that have longer seasons.
Read the full article at www.businessnewsdaily.com