Christmas break is a perfect time to relax with family and leave your worries behind. However, don’t underestimate how the extra downtime can give your business that extra boost!

It’s tempting to sit around and do nothing the entire time you’re enjoying your holiday. But in reality, there’s no better time to prepare yourself to begin the next year with momentum.

Here’s your checklist of important year-end considerations:

1. Set A New Budget For 2017

Reflect on your current financial position and use that as the basis for determining next year’s targets.

Do you have a goal of reducing business expenses?

Would you like to reach a new sales target?

Whatever your business’ needs may be, getting organised with an Excel spreadsheet is a great way to get started. You might even check out accounting software functions such as the budgeting tool in Xero.

2. Review Policies And Procedures And Make Changes

Are the policies and procedures you currently have in place sufficient? Or could they use a little improvement?

Carefully examine these areas:

– Staffing structure

– Billing procedure

– Manuals and procedures for both new and existing staff

– Practice management

3. Get An Early Spring Cleaning

Christmas break is an excellent time to give your workplace the facelift it needs!

See what could use some freshening up, be it paint color, landscaping, or dirty carpets. Now is the time to get all those cleaning and maintenance projects out of the way.

4. Review Your Website

Never underestimate the power of a great website.

Your website could very well be the first encounter with your business that most of your potential customers have.

Is it relevant to your target market? What would an outsider think of your company from simply by browsing your site?

Collect some ideas by checking out other websites and make updates to yours, as needed.

5. Design A Strategic Plan

Don’t simply assume that your business is headed in the right direction. Take action to ensure it stays on track to a bright future.

Where do you see yourself, your team, your company in a year’s time? How about three or five years down the road?

The road to achieving your goals begins now.

Make the most of your Christmas break to lay out the course of direction for everyone in your organisation. Use this time to make some plans!

Lastly, don’t forget to take some time to relax and enjoy your Christmas break! This will leave you refreshed and ready to go for the year 2017.

Need accounting, finance and business advice? Contact us at Nitschke Nancarrow. Reach us at (08) 837 9950 or send me an email.

– Kym Nitschke

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