6 Tips for Small Business Owners Preparing for the Christmas period

- Steph Said
How To Prepare Your Business for the Christmas Period

With 40 days until Christmas, the End of Year preparation should start now. Whether you’re in retail and Christmas is your busiest time of year, or you’re choosing the close of the holiday period, it’s important to stay on top of tasks and alleviate any stress. Prepare your business and employees for the coming busy period with our expert tips.

1. Stay organised with communications

Staying motivated throughout the holiday season comes from making sure everyone’s on the same page and can reduce any unexpected disturbances. Identify what tasks can be completed in advance and create a detailed plan to ensure you complete them efficiently. This may include payroll requirements, opening hours and KPIs.

2. Identify staffing needs

Define your timeline and staffing needs for this holiday period. Set specific closure and reopening dates to help determine staffing requirements and additional preparation needs. Look at previous years to identify if extra staff is needed and what the likely busy days will be.

3. Tackle the tasks you’ve been putting off

The end of the calendar year is the best time to make changes and start the new year off with a fresh look. Whether you’re thinking about a renovation or overhauling your processes, the end of year is the perfect time to make those changes! Your customers are sure to take notice and see you investing in your business.

4. Back up your servers and shut down equipment

Reduce any security threats and back up data to avoid any catastrophes. Ensure your IT providers are on standby to deal with any issues that may arise whilst the office or business is closed. Properly shut down any computers, copiers or devices likely to consume energy, such as microwaves and other kitchen appliances.

5. Finalise all outstanding invoices

We know it can be hard to keep up with invoices during the holiday season, but it’s important to not fall behind so you can avoid playing catch-up in the new year! This also goes for chasing up unpaid invoices – you don’t want to be chasing up payments after the busy period or not having enough cash flow to sustain any closure periods.

6. Invest in professional advice

Consider making a resolution to invest in professional accounting services. A reliable accounting firm can be a strategic partner in achieving your financial goals. From tax planning to financial analysis, outsourcing certain financial functions can free up your time and resources, allowing you to focus on growing your business.

Want to learn how you can set up your business for the busy period? Contact our expert team today: hello@mksgroup.com.au

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