6 Ways to Prepare for Lower Revenue Over the Holiday Period

18/11/2024 9 min Temporada 5 Episodio 43
6 Ways to Prepare for Lower Revenue Over the Holiday Period

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Episode Synopsis

Silly season is almost here - and for a lot of us, it means taking a break from business. Sure, rest and recovery from a busy year is important - but it’s not without its drawbacks. Hitting pause on your business inevitably comes with a significant dip in revenue. So how do you prepare for this cycle of lower revenue, whether it’s over Christmas, school holidays or a period where you just need some downtime? Personally, I’ve discovered a blend of mindset shifts and practical actions that have really helped me reshape my approach to maintaining stability during lower revenue months. Today, I’m sharing 6 ways that will not only help you stay afloat over the holiday period, but set yourself up for success for the year ahead:1. Build a Financial Cushion Throughout the Year2. Offer Bite-sized Products3. Plan for the Year Ahead4. Understand Your True Needs5. Streamline Your Expenses6. Embrace Late OpportunitiesThe golden rule is not to surrender just because it’s late in the year. Ensure you continue selling until your curtain drops for the holidays. Watching your energy reserves and managing time effectively is equally critical. After all, the last thing you want is to enter your well-deserved break feeling drained, anxious or unwell.I'd love to hear how you plan to take on these tips. Have you managed to avoid succumbing to holiday period stress before? Perhaps you've got a strategy that's worked wonders. Let’s keep the conversation going!LINKS:WebsiteFor a copy of Emma's book, 'Go-getter: Raise your mojo, shift your mindset and thrive' – https://www.emmamcqueen.com.au/book/

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