More on Using the Holiday Period for You and Your Business

First, you – taking time off, being with friends, cooking and baking with others – if that is something you like – all can be done during the holidays.

You can also spend your time on your business – doing things that need to be done in a leisurely way. What are the tasks it makes sense to pay attention to at this time?

1. Review your financial information. Are your books up to date? Are you getting the reports you need?
2. Make sure your billing is done and you are collecting the money due you.
3. If you buy products from suppliers, determine whether you can get extended terms.
4. If you sell items, check your inventory and plan to rid yourself of slow-moving items. You might offer them as a holiday special by offering them free with another purchase or by discounting the slow movers.
5. Check your prices. If you are going to raise them, this is the time of year to do it when raises are less likely to be noticed.
6. Plan your marketing strategy. I am advising clients this is a good time to put up or work on their website, form a social media group, plan mailings, campaigns for the year, etc.

Make the most of the holiday season – for yourself, your family, and your business.