Halloween is over, which means there’s nothing else standing between your business and the biggest shopping season of the year. That’s right! Although we’re still a few weeks out from Thanksgiving, holiday shopping commercials and promotions have already begun to circulate from America’s biggest brands. Which begs the question, is your business physically and financially ready for the holiday rush?
Just about every industry experiences a positive economic impact from the holiday season, whether it’s more sales in a retail store or larger orders for a company that supplies food to restaurants.
Many business owners fail to adequately prepare for the holidays season, leaving them regretting lost revenue when the dust settles. Don’t be one of them!
Keep reading to discover important preparations you can make now, and remember, if you need an infusion of working capital in order to prepared for the holiday season, The Commercial Finance Group in Atlanta has receivables financing options that can help.
5 Steps To Get Your Business Ready For The Holidays
- Examine Last Year’s Performance – The best way to prepare for the future is to learn from the past. What types of customers appeared during the holidays last year? What marketing strategies were most effective? What items did you consistently run out of or have trouble procuring from vendors?
- Review Your Inventory – Customers can’t purchase what you don’t have. During the holidays, it’s especially important to offer goods and services at a wide variety of price points. More people are willing to splurge during the holidays, but that doesn’t mean they can afford your highest priced items. Offering a selection will help to attract new customers as well as retaining previous ones. If you need to mobilize some working capital in order to purchase additional inventory, contact The Commercial Finance group for receivables financing.
- Hire Seasonal Help – Every large company in the retail space hires additional staff members for the holidays. This allows them to offer expanded hours and ensure that customer service doesn’t decline because people are spread too thin. If you don’t have the cash to cover additional payroll costs during the holidays, receivables financing from The Commercial Finance Group may be able to help.
- Update Your Social Media Presence – How long has it been since your business’s Facebook page got an update? Are you even on Facebook? Social media is an extremely important promotional tool for small businesses during the holidays, especially for retail or service-based industries.
- Market Holiday Promotions – People love specials that help them to squeeze extra value out of the holiday shopping dollars. If you’re not running promotions, rest assured that your competition is, and they’re probably going to earn extra revenue because of it. If you don’t have cash on hand to help you create and market holiday deals, receivables financing from The Commercial Finance Group in Atlanta can help you to turn unpaid invoices into cash you can use now.
Prepare For Holiday Success With Receivables Financing
Don’t start the first quarter of 2017 filled with regret. Prepare for and capitalize on the holiday shopping season with financial help from The Commercial Finance Group in Atlanta! Using receivables financing we can help mobilize your business and catapult you into future growth. Contact us now.
