7 Steps To A Successful Year End

Posted on Feb 28, 2011 | 0 comments

1. Review cashflow: Keep a check on your income and spending. Christmas bonuses and low or high productivity can all have an impact on cashflow

2. Enhance client relationships: Use the holiday period to organise your client base. It costs 5 times more to gain a new client than it does to retain an old one.

3. Keep staff motivated: Give your staff clear targets they must work towards before the holidays start. Bonuses, like Christmas parties, are another measure to boost staff morale and productivity.

4. Staff leave: Find an open and fair way of designating holidays to your staff members.

5. Data protection: With most people on holidays, theft is a major issue around the Christmas period. Ensure that you have installed all the appropriate measures to avoid being burgled.

6. Business evaluation: As businesses compete for holiday shoppers, now is a good time to assess your position in the market and start preparing for next year. Draw upon your strengths and remedy your weaknesses.

7. Keep marketing Despite the likelihood of your customers being on holidays, your marketing strategies should remain on track. Now is also a good time to strategise for when the busy period once again commences.

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