'Tis the season for perspective

bookkeeping christchurch

Ahh, summer. Firing up the coals for a backyard barbecue with friends, dusting off the bat to play beach cricket with the kids, or packing the car for a road trip along the coast. However you like to spend the summer months, and whatever business you run, the festive season is a perfect opportunity to step back and take stock.

As a traditionally quiet trading period for many industries, it’s not unusual to hear negative narrative about small businesses struggling over the festive season. Instead, we want to share how small business owners on Xero are taking the opportunity to turn reflection into action – and why it’s the perfect time to do so.

So with that in mind, here are some top tips for taking charge of the summer months.

Cut the costs

The change of pace in summer can be a good opportunity to review your overheads and see where you can cut back, even if only during the festive season.

Xero customer Michael Venn from MJV Plumbing Services is a proud lean operator,. “I don’t have many outgoings,” he says. “I mean, I have my ute and my bookkeeper! But in terms of other operations, everything just goes in my diary. People call me, I write the jobs in and write the hours against that job. At the end of the week I sit down to do my invoicing.”

Ask yourself what overheads you can reduce across the December and January period ahead. This can include non-essential overheads, like pausing a subscription that’s ... Click here to view full article.

Article sourced from Xero.com