{"id":790,"date":"2022-12-16T07:34:34","date_gmt":"2022-12-16T07:34:34","guid":{"rendered":"https:\/\/www.agilisbooks.com.au\/?p=790"},"modified":"2022-12-16T07:34:34","modified_gmt":"2022-12-16T07:34:34","slug":"holiday-cashflow-for-your-small-business","status":"publish","type":"post","link":"https:\/\/agilisbooks.com.au\/?p=790","title":{"rendered":"Holiday Cashflow For Your Small Business"},"content":{"rendered":"<h2><span style=\"font-weight: 400; color: #99cc00;\">Leading up to the holiday period, is your business cash flow in good health to carry you through? <\/span><\/h2>\n<h2><\/h2>\n<h2><span style=\"font-weight: 400; color: #99cc00;\">This time of year can be hard on small businesses, so you should make a plan early to ensure healthy cashflow over the holidays.\u00a0<\/span><\/h2>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-791\" src=\"https:\/\/agilisbooks.com.au\/wp-content\/uploads\/2022\/12\/Books-xmas.png\" alt=\"\" width=\"526\" height=\"317\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Whether you\u2019re heading into a holiday period, or just planning to take a break (and congratulations, because a healthy business means work-life balance), it\u2019s important to keep your cash flow under control. This means pre-planning and being proactive.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When you\u2019re not in the office, there are still overheads and salaries that need to be sorted. If taking time off means that less cash will be coming in, it\u2019s essential to plan for this period to make sure that these costs can be comfortably covered. Make sure you have a clear picture of your payroll, and any other planned expenses that will need to be accounted for.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If there\u2019s even a possibility that there could be a shortfall, it\u2019s essential to meet this head-on. Whether this means talking to your supplier or creditors to figure out an arrangement, or compromising on other business outgoings, you plan to ensure that the business, or your staff, won\u2019t suffer.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Tips to minimise the stress of cash-flow over the holiday period<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Invoice early<\/b><span style=\"font-weight: 400;\">\u00a0&#8211; Send any invoices that you can, and in advance if possible. Perhaps consider whether you have any regular clients or customers that you could offer a retainer or similar deal to if they book services or make a purchase from you in advance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Chase payments<\/b><span style=\"font-weight: 400;\">\u00a0&#8211; Use this opportunity to chase up any outstanding payments. Strong communication and relationships matter &#8211; talk to clients and chase invoices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Talk to suppliers<\/b><span style=\"font-weight: 400;\">\u00a0&#8211; Honesty can go a long way. Perhaps they can extend a line of credit for your payments to them. In most cases, a good supplier would rather offer a little flexibility to keep an ongoing business relationship.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Review your costs<\/b><span style=\"font-weight: 400;\">\u00a0\u2013 It is also a good idea to do a general review of expenses. Business costs can creep up, and it\u2019s a great idea to make a time to check on your expenses regularly, no matter what your financial situation. Review your regular payments and subscriptions as well as upcoming costs. There may be travel, functions or purchases which you can decide on an alternative approach to.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Talk to the bank or tax department<\/b><span style=\"font-weight: 400;\"> &#8211; If cash flow is tight, make sure you have conversations early so you have everything in place to see you through.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>Talk to Agilis Books If You Need Assistance This Holiday Period<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">When you\u2019re planning for a break, and need some help with minimising cashflow stress, <\/span><a href=\"https:\/\/agilisbooks.com.au\/contact\/\"><span style=\"font-weight: 400;\">contact Agilis Books<\/span><\/a><span style=\"font-weight: 400;\"> today.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We can help you navigate the holiday period, so you can get a well-deserved break.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>This blog was originally published by BOMA.\u00a0<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading up to the holiday period, is your business cash flow in good health to carry you through? This time of year can be hard on small businesses, so you should make a plan early to ensure healthy cashflow over the holidays.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,4],"tags":[],"class_list":["post-790","post","type-post","status-publish","format-standard","hentry","category-financial","category-small-business"],"_links":{"self":[{"href":"https:\/\/agilisbooks.com.au\/index.php?rest_route=\/wp\/v2\/posts\/790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agilisbooks.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agilisbooks.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agilisbooks.com.au\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/agilisbooks.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=790"}],"version-history":[{"count":0,"href":"https:\/\/agilisbooks.com.au\/index.php?rest_route=\/wp\/v2\/posts\/790\/revisions"}],"wp:attachment":[{"href":"https:\/\/agilisbooks.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agilisbooks.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agilisbooks.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}