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Entering the 4th Quarter
As we enter the month of September, we want to maximize all our resources to make sure we get the most out of the final quarter of the year. That is why positioning your business for success in the 4th quarter is very important.
How to Begin Positioning Your Business for Success in the 4th Quarter
There are a number of ways you can do this. First, the fact that your business is still operating and that you have not given in or given up is something to be proud of.
You can begin to look at the goals that you set in place at the beginning of the year. Are you on target with what you set out to do this year? Have you fallen off track? These are just some questions you may consider as you are positioning your business for success in the 4th quarter.
Holiday Planning
The next thing you may want to consider is the approaching busy holiday season. Is your business in a position to boost sales during this season. This is the peak time of the year for most businesses to increase revenue for the last quarter.
Beginning the Process
You can begin this process by outlining the specific targets for the holiday spending that you would like to focus on. If this involves modifying or updating your current inventory now is the time to do so. This time is the best time to position your business for success because you have just enough time to plan out the last quarter and get things lined up the way you would like to. It also allows you enough time to work through the kinks. Every plan is not perfect and so there will be bumps along the way.
Some Things to Consider
As you are positioning your business for success in the 4th quarter it is a good time to review your finances. Here are a few suggestions to assist in that process.
- Are you keeping accurate records and bookkeeping
- Are you steering clear of mixing personal and business funds
- If you are pressed for time can you possible hire assistance for the busy season ahead
- Are you clear on the strategy that you are following and not copying a model set by others
- Are you managing your time How Well are you Managing your Time
What is the Goal of Positioning Your Business for Success in the 4th Quarter
The goal of positioning your business for success in the 4th quarter should be to use everything that has been working for your business all year and push forward. It is not meant and should not be to add undue and unnecessary pressure to yourself and others associated with your business or side hustle. This is a learning process and with every success or failure, hopefully there is something you are learning in the process.
As you organize the process of how you will position your business for success in the 4th quarter, remember to have fun and be as creative and adventurous as you can be. Challenge yourself to step out just a little more and see what happens, Until next time my readers continue to…..
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