For small business owners, the holiday season can be a time of celebration and relaxation, but it can also bring about unique financial challenges.
Commonly referred to as the "silly season," the period encompassing Christmas and New Year's can disrupt the regular flow of business operations. Offices close, clients go on leave, and the recovery of debtors can slow down significantly. This can have a substantial impact on a small business's financial stability, making it critical for business owners to be well-prepared.
In this episode, lets discuss and explore the various financial aspects of the silly season and provide key strategies to help navigate this challenging period successfully.
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Key moments throughout the episode;
- Strategies you can implement now to help cope throughout the silly season [04:18]
- How to address those staffing challenges during this time [05:30]
- Ways to handle reduced client activity [09:26]
- 10 Cashflow Management strategies to provide financial stability during this time [13:17]
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