Budgeting Your Business For The New Year
January 1- it’s the perfect time of year to implement your business’ new year budget. We recommend to start thinking about this ahead of the New Year. Early December is the perfect time to sit down and put some thought into your budgeting needs. Below are three tips that you may have not thought of before.
Ask your employee’s their needs
That’s right. See if they are in need of any new supplies. If your printer is on its last leg, think about incorporating that cost into your new budget. What a great Christmas present for your employees. We all want to be thought of.
Plan for the “oopsies”
This one is pretty simple but most people do not implement this concept into their budget. You never know when a camera can break, or you need to call pest control because Sharon keeps leaving her food out.
The slow months
Most businesses have slow months. It’s a normal part of the sales cycle, but this is a great time to utilize a new marketing campaign. Think about your ad dollars here.
Want more tips on this subject? Let us know and we will do a part two!
Contact us here for further advise on how to implement your business’ new year budget.