3 tips for you and your small business this holiday season
We’re about to start the season when it seems everybody takes at least some time off, even if it’s just the public holidays. If you’re running your own business, it’s important to take time off to recharge your batteries and get ready for the new year ahead.
Here are 3 tips to help you unwind so you can out your feet up and not worry about your business over the holiday season.
Tip 1 - Collect any money owing to you before you go on holidays
Don’t let any of you accounts fall overdue. It will hurt your cash flow if you do.
Tip 2 - Get rid of your old stock
Have a Christmas sale and offer discounts on any slow-moving stock so you won’t have to face it again in the new year. Slow-moving stock ties up your money unnecessarily.
Tip 3 - Get offline for specific periods of downtime over the holidays
It’s important to disconnect if you want to unwind. Make sure you schedule plenty of downtime where you won’t be online or thinking about your business at all.
You can also schedule some reduced times where you do connect with your business if you need to over the Christmas break (and doing that might even help you to relax more during your scheduled down time).
How we can help
At Scorpion Bookkeeping, we’re a Xero-certified advisor. We can help you to set up a Xero bookkeeping system to help you to stay on top of your business finances so they’ll be one less thing for you to worry about.
We can also help you with any bookkeeping support services that you may need, no matter what type of business you have. We currently have clients in a diverse range of industries in South Australia, Victoria and New South Wales.
Contact us today to find out how we can help your business!