Like it or not; most small businesses are seasonal. And because you cannot mess with changing of seasons, many times you are forced to dance to the rhythm.
For instance, while Memorial Day may be the kickoff of summer season sales for most micro-businesses, for others, it is a low-sales period. So depending on the product you sell, the health of your small company may sometimes directly influenced by the seasons.
The most common retailers affected by seasons are those that offer travel services to tourist. During summer, B2B (business-to-business) and service companies may not receive as many orders as they do as their clients leave businesses for vacation.
So what’s the trick for micro-business survival offseason? Find out below.
- Augment your Financial Management
Don’t concentrate too much on profits, maintain your cash flow—that’s what small business rely on. If you experience higher sales in summer then begin setting aside …