#financial review

[evisionmediasusanfriesen]

How a Fall Financial Review Can Help You Boost Your Revenue This Holiday Season

With fall just a couple of days away, and the holidays closing in fast, you’re probably looking forward to some much-needed rest, relaxation, and time with family.

But if you own a business, before you can enjoy any of that, you’ve got to get through what is likely your busiest time of the year.

And whether it’s the pressure to meet increased demand, working longer hours, ensuring sufficient staffing, dealing with inventory issues, or something else entirely, this time of year can overwhelm even the most seasoned business owners.

With that in mind, rather than waiting until it’s too late, and scrambling at the last minute, now’s the perfect time to set your business up for success with a fall financial review.

To be fair, when there’s this much going on, it might seem like there’s no time for this sort of thing, but if you put a solid strategy in place by doing a financial check-in now, you can avoid a ton of stress later on and ensure you and your business are ready to make the most of the holiday rush.

So, if you’re ready to increase your profits over the holidays, gain greater clarity, make more informed decisions, and start the season feeling more confident and organized, you’re going to want to keep reading.

Harvest More Revenue During the Holidays With a Fall Financial Review

If you want to be in a better position to handle the hustle and bustle of the holiday season, and have greater peace of mind as it arrives, preparing ahead of time with a fall financial review is one of the best things you can do.

Taking the time to do this will allow you to enter the holidays feeling more organized, less stressed, and ready to capitalize on the holiday rush.

With that in mind, the following tips will help you assess the financial health of your business, identify potential problem areas, and be as prepared for the holidays as you can possibly be.

Review Your Financial Statements

If you want to conduct a thorough financial review, your first step is to take a detailed look at your financial statements, including your balance sheet, income statement, and cash flow statement.

Each of these documents provides crucial insights into the financial health of your business, and here’s how:

Balance Sheet: This document shows your business’ assets, liabilities, and equity at a specific point in time.

Reviewing this is important, as it will help you understand how much capital you have available and what debts need to be settled before the holiday season.

Income Statement: Your business’ revenue and expenses over a specific period of time are reflected on this document, and reviewing it can help you identify trends in revenue and expenses, which is especially important as you prepare for the potentially high expenses and revenues that go along with the holiday season.

Cash Flow Statement: Cash flow is king, particularly during the busy holiday season, and a thorough review of your cash flow will help you determine whether you have enough liquid assets to cover increased operating costs during the holidays for things like extra inventory, seasonal staffing, and marketing campaigns.

Identify Opportunities to Reduce Costs

Once you’ve reviewed your financial statements, it’s now a good time to look for opportunities to reduce unnecessary costs.

With that in mind, here are some areas where you might find savings:

Inventory Management: Over-purchasing inventory for the holidays can lead to excess stock and tied-up capital, but by analyzing your sales trends from previous holiday seasons, you can make more informed purchasing decisions and reduce waste.

Subscriptions and Recurring Expenses: Many business owners pay for recurring services that they may no longer need or can downgrade.

That being said, this is the time to audit those expenses and eliminate or reduce them wherever possible.

Streamlining Operations: In an effort to reduce costs, you may also want to consider automating certain aspects of your business, like accounting or customer service, which can save you a ton of time and money in the long run, especially as demand increases during the holidays.

Finding ways to save in these areas is important for a fall financial review, as it allows you to reinvest that money in things like marketing or extra staff, which will directly contribute to your success this holiday season.

Set Realistic Revenue Goals

The holiday season is a great time to boost your revenue, but it’s important to set realistic revenue goals that are based on your past performance and current market conditions.

Having said that, here’s how to establish clear, actionable targets:

Analyze Past Holiday Sales: Start by looking at your sales data from previous holiday seasons so you can identify which products or services sold the best and which months or weeks saw the highest sales volume.

This will help you predict demand and set sales goals for the upcoming holiday rush.

Consider Market Trends: Next, you should think about whether there are any emerging trends in your industry that could impact holiday sales.

For instance, if you own a retail business, you might want to ask yourself if there are specific products that are predicted to be in high demand.

In any case, considering these aspects will ensure your revenue goals are grounded in reality.

Factor in External Challenges: Things like inflation, supply chain disruptions, and changing consumer behaviours can all impact holiday sales, so make sure to account for these external factors when setting your revenue targets.

Then, once you’ve established your revenue goals, try breaking them down into smaller, more manageable targets.

For instance, you can set weekly or even daily sales targets to help you stay on track.

Read: 10 Tips to Help You Get Back to Business This Fall

While they are extremely important, as a business owner, you’ve got more to worry about than just your finances.

And whether you’re organizing tasks, updating your website, dealing with scheduling, or something else altogether, the fall is a great time to focus on your business.

With that in mind, this article offers advice on how to get back to business this fall, so you can move into the holiday season with the best chance to succeed.

Keep reading here.

Assess Your Cash Flow and Plan for Extra Expenses

The holiday season often requires additional spending on everything from inventory to seasonal employees.

So, after reviewing your cash flow, you should begin to plan for these extra expenses.

That being said, here are some key considerations to make regarding cash flow and extra expenses during the holidays:

Holiday Inventory: If you sell physical products, now is the time to assess whether you’ll need to purchase additional inventory in order to meet holiday demand.

In doing so, make sure to use your past sales data so you can make smart purchasing decisions, avoiding both stockouts and overstocking.

Marketing: The holidays are a competitive time, so investing in marketing is essential.

As such, you should allocate part of your budget for holiday-specific marketing efforts, as running targeted holiday promotions, social media campaigns, or even paid ads during this busy time can significantly boost your revenue over the holidays.

Seasonal Staffing: Depending on the nature of your business, you may need to hire temporary staff to help manage the holiday rush.

If this is the case, make sure to plan for these additional payroll expenses during your financial review, and ensure you have enough capital to cover them.

Emergency Fund: It’s always a good idea to have an emergency fund in place, especially during the holiday season, as unexpected expenses, like shipping delays, vendor issues, or equipment breakdowns can arise.

At any rate, having a financial cushion will ensure that these problems don’t derail your business during the holidays.

Audit Your Payment Processes

During the holiday season, your sales volume will more than likely increase, so now is a great time to audit your payment processing systems and ensure everything runs smoothly.

Here’s what you’re going to need to consider:

Payment Options: Are you offering a variety of payment options to accommodate all types of customers?

Consumers appreciate the flexibility to pay with credit cards, mobile wallets, and other digital payment methods, and if you don’t offer it, they may choose to go elsewhere.

So, if you want to avoid turning customers away, you should make sure you’ve got a seamless, secure payment system that will accept all forms of payment.

Fees and Costs: Payment processing fees can add up, especially during the holiday season when transaction volumes increase.

Having said that, you should look for opportunities to negotiate better rates with your payment processor or explore alternative providers that might offer lower rates.

Security: With increased transactions comes a heightened risk of fraud, so it’s crucial that you make sure your payment systems are up to date with the latest security protocols so you can protect your business and your customers from any data breaches or fraudulent activities.

Revisit Your Pricing

As part of your financial check-in, it’s worth revisiting your pricing strategy ahead of the holidays.

The increased demand during this time offers a great opportunity to adjust prices, but it’s important to do so strategically by doing things like:

Seasonal Promotions: Offering limited-time discounts or bundled deals can entice customers to spend more during the holiday season. But you should make sure that your promotional prices still allow for healthy profit margins.

Price Adjustments for Increased Costs: If you anticipate higher costs for inventory, staffing, or shipping, you might want to consider adjusting your prices accordingly.

However, you should be mindful of not pricing yourself out of the market and conduct competitive research to make sure your prices remain attractive to consumers.

Plan Your Marketing Strategy

If you want to increase your profits during the holidays, a robust marketing strategy is essential.

So, during your fall financial check-in, make sure to allocate some funds for your holiday marketing efforts and ensure your strategy is well-planned. Here are some ideas:

Email Campaigns: Email marketing offers a great way to start building excitement with a series of holiday-themed email campaigns. These emails can offer sneak peeks of upcoming deals, special promotions, or gift guides to entice your audience to spend more.

Social Media Promotions: You can also use social media to engage your audience and boost holiday sales with festive content, giveaways, and limited-time offers.

Moreover, paid ads on platforms like Instagram and Facebook can also help you to drive traffic, increase visibility, and boost your revenue over the holidays.

Website and eCommerce Readiness: This goes without saying, but you should ensure your website and/or eCommerce platform is ready to handle the increased traffic that comes during the holiday rush, as a smooth, user-friendly experience can boost conversion rates and entice customers to keep coming back over the holiday season.

Collaborations and Partnerships: Another great marketing strategy, especially during the holidays, is to partner with complementary businesses for cross-promotions.

For example, if you sell home décor, you might want to consider teaming up with a local florist or furniture store to offer joint discounts.

Referral/Loyalty Programs: One of the best ways to encourage word-of-mouth is by offering incentives to existing customers who refer friends or family, as a discount for both the referrer and the new customer can be a powerful motivator.

What’s more, you can also boost repeat business by offering loyalty points or discounts to customers who make multiple purchases during the holiday season.

Influencer Marketing: Collaborating with influencers who are relevant to your industry can help give your brand additional exposure, as they can showcase your offerings in holiday gift reviews, explainer videos, and other festive content.

In any case, by reviewing your financial statements, and doing things like cutting unnecessary costs, setting realistic revenue goals, planning for seasonal expenses, and strategically marketing your business, you can ensure a more successful and profitable holiday season.

And with the right strategies in place, you can avoid the stress that comes with the holiday rush, and instead, turn it into a season of growth and opportunity for your business.

If you’d like to share the results of your fall financial review, go ahead and leave a comment below. I’m interested to know how it goes!

Looking to boost the success of your business? Why not set up a free 30-minute consultation with me to find out how we can help?

To your business success, Susan Friesen

P.S. If you liked the article, you might want to subscribe to our newsletter. We publish tons of valuable content to help you learn more about marketing, and subscribing is the best way to ensure you don’t miss out. Additionally, if you’d like to learn more about building a search engine optimized website, click here for our free website guide.

[townpostin]

Jamshedpur Banks Achieve 53.86% Credit-Deposit Ratio in District Review Meeting

DCC and DLRC meetings held under DM Ananya Mittal’s guidance; focus on improving agriculture loans and expediting government schemes. Jamshedpur banks reached a 53.86% credit-deposit ratio, surpassing the 50.19% target, in a review meeting chaired by ITDA Director Deepankar Chaudhary. JAMSHEDPUR – Under the direction of District Magistrate Ananya Mittal, Jamshedpur’s District Consultative…

[accountiod1]

One Main Financial Reviews

Experiencing a financial crunch? Seek assistance from OneMain Financial, trusted by thousands for personal loans, title loans, and insurance products. Read our reviews for insights on application process, fees, interest rates, and charges. #OneMainFinancial #FinancialAssistance 💼✅

[coolreallifes]

How to Choose the Best Broker for Stock, Forex, and Crypto Trading in 2024?

Navigating the world of trading can be overwhelming, especially when it comes to selecting the right broker to meet your trading requirements. Whether you’re interested in stocks, forex, or cryptocurrencies, the choice of broker can significantly impact your trading experience and success. In this post, we’ll explore the key factors to consider when choosing a broker and introduce you to ForexJudge.com, a reliable resource that offers comprehensive reviews and detailed analysis of the world’s best brokers.

Factors to Consider When Choosing a Broker

Regulation and Security:

Ensure the broker is regulated by a reputable financial authority. Regulation provides a level of security and oversight, protecting you from fraudulent activities.

Look for brokers that offer robust security measures, including encryption and two-factor authentication, to safeguard your funds and personal information.

Trading Platform:

A good trading platform should be user-friendly, reliable, and equipped with essential tools for analysis and trading.

Consider whether the platform offers mobile compatibility if you plan to trade on-the-go.

Fees and Commissions:

Compare the fees and commissions charged by different brokers. Lower fees can significantly enhance your profitability, especially if you trade frequently.

Be aware of hidden fees, such as withdrawal charges, inactivity fees, or charges for additional services.

Range of Assets:

Ensure the broker offers the range of assets you’re interested in trading. If you plan to diversify your portfolio, choose a broker that provides access to stocks, forex, and cryptocurrencies.

Some brokers specialize in specific asset classes, so make sure your chosen broker aligns with your trading preferences.

Customer Support:

Reliable customer support is crucial, especially if you encounter issues with your account or trading platform. Look for brokers that offer multiple support channels, including live chat, phone, and email.

Check reviews to gauge the quality and responsiveness of the broker’s customer service.

Education and Resources:

Many brokers offer educational resources such as tutorials, webinars, and market analysis. These resources can be invaluable, especially for beginners.

A broker that provides regular market updates and trading insights can help you stay informed and make better trading decisions.

How ForexJudge.com Can Help

With so many brokers available, making an informed choice can be challenging. This is where ForexJudge.com comes in. ForexJudge is a trusted platform that has compiled detailed reviews and analysis of the world’s best brokers. By providing comprehensive information and user feedback, ForexJudge helps traders make well-informed decisions.

Detailed Broker Reviews

ForexJudge offers in-depth reviews of brokers across various asset classes, including stocks, forex, and cryptocurrencies. Each review covers critical aspects such as regulation, fees, trading platforms, and customer support. By reading these reviews, you can gain valuable insights into the strengths and weaknesses of different brokers, helping you choose the one that best meets your needs.

User Feedback and Ratings

In addition to expert reviews, ForexJudge features user feedback and ratings. This community-driven aspect allows traders to share their experiences and provide honest assessments of brokers. This real-world feedback can offer a clearer picture of what to expect and help you avoid potential pitfalls.

Regular Updates and Alerts

The trading world is dynamic, with brokers frequently updating their services, fees, and policies. ForexJudge keeps you informed with regular updates and alerts, ensuring you have the latest information at your fingertips. This proactive approach helps you stay ahead of the curve and make timely decisions.

Making the Final Decision

When choosing a broker, it’s essential to consider your trading goals, risk tolerance, and preferred asset classes. By leveraging the resources available on ForexJudge, you can make a well-informed decision that aligns with your trading strategy.

Steps to Follow:

Identify Your Needs:

Determine what you want to trade (stocks, forex, crypto) and what features are most important to you (low fees, robust platform, educational resources).

Research and Compare:

Use ForexJudge’s detailed reviews and user feedback to compare different brokers. Pay close attention to factors such as regulation, fees, and customer support.

Test the Platform:

Many brokers offer demo accounts. Use these to test the trading platform and ensure it meets your needs before committing real funds.

Start Small:

When you choose a broker, start with a small investment to test the waters. As you gain confidence and experience, you can increase your trading capital.

Conclusion

Choosing the right broker is a crucial step in your trading journey. By considering factors such as regulation, fees, trading platforms, and customer support, you can make an informed choice that enhances your trading experience.

For a reliable resource in your broker selection process, turn to ForexJudge.com. With its comprehensive reviews, user feedback, and regular updates, ForexJudge provides the insights you need to make the best decision for your trading needs.

Happy trading, and may your investments be fruitful!

[keyofjetwolf]

Just made the last payment on my school loan heeeyyyyyy

[nooradeservedbetter]

Morning Comes

By Stria on AO3

The stranger gestures at what they’re wearing, and oh, it’s not a shirt, it’s a white crop top, black lettering star against it. It says I ♡ SUBMISSIVE MEN in bold, capital letters.

One Shot || Harry/Louis || ~5k

Written for the @bhficfest

[alphacrone]

this is your reminder that 99.9% of employers care more about money than you and even if they are kind and fair now they WILL at the end of the day put profits over your well being so absolutely do not sacrifice your life for them.

[not-souleaterpost]

Ever wished that a trailer DOES lie?

Didn't come up with some clever pun or whatever to express what I want so I'll put it bluntly: Does anyone agree that new Napoleon movie looks kinda lame from the trailers?

Like the first one was like the two types of cliche trailers one after the other - with all the "boom" sounds and mach cuts, while then doing the whole "eq-so-it-sounds-distant childlike song" thing. But what I found worse is turning Napoleon into Thanos (havent seen a Marvel movie after Iron Man 3, so I might be wrong) - but all the stoic cool guy one liners and weird self-agrandising cliche uterances - only to end with putting on the Crown on himself as if it was that stupid plastic gem-gauntlet... Should just have snapped and said "France Won" and go all the way while showing the Austo-Hungary disolve.

The second trailer seems to be more of the same, with even having the Black Sabbat song to make it artsy but not to artsy. Idk maybe I'm being to harsh and hypocritical, but aften then having the love interst say "look down at my crotch - I control you with it" - I just cant take it seriously - gives me flashbacks to being a kid and seeing my dad watch game of thrones and realises that half the charachters are screwing their sister and brothers cause thats the only way to make something "Mature"...

But why am I writting a whinning post? Don't I try to make some contrived point in these? Yeah, at first I didint even want to post this, so I dont be one of these cynical movie guys, feel bad for these who now seemingly in nearly their fifties just whine about how bad hollywood is and how superheros suck while only reviewing them while their is a great new Scorsesse movie which they ignore- And instead of continuing this passive agressive attack on RLM, I better segway into my whole point: "The Killers of the Flower Moon" - A movie I recently saw and enjoyed quite a lot - surprisingly because I thought from the trailers "Yeah, Scorsee got old and is phoning it in" - cause from the trailers it just seemed like a generic by the numbers exploitation film, where victims kill their oppressors with the whole "happy ending" being both overly sweet and bitter - because how unrealistic yet saddistic it would be, even as a fantasy only leaving the reality of resentment and bloody revenge.

But thankfully, it was nothing like that - so the trailer lied, and I was happy - or more happy that even when it lied I thought "well going to the cinema with friends is more important, and why not see a scorsse movie on the big screen, if he dies, or I, soon, I'll regret it, even if it was a piece of shit..."

So maybe that's the point I'm making - maybe a very weird and pointless one - but yeah, maybe Napoleon won't be as bad as I think? Even if it is a far-cry from the Napoleon Kubric would have made, Ridley Scott is still a director with a certain esteem, and who the hell didn't like Gladiator? Even still have an old VHS with a cutot of a tv-magazine of it that my father used to tape over to just pirate the movie old schoo way lol. Still, I'm not saying to mindlessly buy and watch everything - but to just think - maybe even a disapointing movie is worth the human connection one will make (cause who goes to the movies alone?) - so if somebody says "hey lets watch it, its like if the Joker was French" - why not, maybe even it will turn out to be:

[invisibleicewands]

Michael Sheen is electrifying in NHS origin story Nye — theatre review

It will be, says Michael Sheen’s Nye Bevan, eyes blazing, as he steps to the front of the National Theatre’s huge Olivier stage, “the most civilised step this country has ever taken”. He’s talking about the National Health Service, about the great, humanitarian principle of a health service free at the point of delivery, about an institution that remains cherished above all others by the British people. And in Tim Price’s epic new play about the Welsh Labour politician Aneurin “Nye” Bevan, he’s speaking across the decades to the present day, when the beleaguered NHS lies on its own sickbed, delivering an account of how and why the health service was born and the radical impulse behind it. A mighty, moving and sometimes messy piece of theatre, it’s really, at heart, a state-of-the-nation play. And like Dear England and Standing at the Sky’s Edge before it, Nye (a co-production with the Wales Millennium Centre) seizes this venue’s great potential as a national public forum to frame critical questions about who we are and who we want to be.

It’s also a drama that picks up Bevan’s audacity and runs with it, shrugging off sober realism for a swirling fantasia. Here Bevan, who as secretary of state for health spearheaded the creation of the NHS in 1948, lies dying in one of his own hospitals, his life swimming before him as he drifts in morphine-inflected dreams. He actually died at home, but that poetic licence is part and parcel of this show’s ethos, which bundles up the political fight to launch the NHS with a private reckoning with conscience. So, as Bevan’s wife, MP Jennie Lee, and life-long friend Archie Lush (Roger Evans) sit by his sickbed, we dart with his troubled mind around key moments that have brought him to this point: a classroom rebellion against a teacher caning the young Nye for stammering; an epiphany in a public library when he realises how a wider vocabulary can help him; buccaneering moments as a union rep for miners; parliamentary showdowns; a key wartime exchange with Churchill that makes the firebrand young politician see the point of political compromise. At the centre of it all is his sense of guilt and impotence at his father’s terrible death from pneumoconiosis, which Price sees as a key psychological factor in his determination to establish healthcare accessible to all.

Director Rufus Norris stages all this with wit and drive, using Vicki Mortimer’s canny set design of sliding hospital curtains to send scenes tumbling over one another as they do in dreams. At one point the screens stack up in rows, like benches in the House of Commons; at another, several hospital beds — and their startled occupants — are tipped on their sides to form the tables for a committee meeting. Like a Greek chorus, an ever-busy cast plays patients, politicians, miners, doctors — and, in one memorably moving scene, a crowd of desperate ordinary people importuning Bevan on behalf of their sick relatives. There are casualties to this approach. There’s a tendency to reach for stereotypes and to push political points that don’t need pushing. There’s also so much going on that we don’t get enough of an up-close study of Bevan the man, or of the critical period when the postwar Labour party heaved the welfare state into being. The play is often at its best when it focuses on personal exchanges, particularly between Nye and Jennie — a remarkable politician in her own right, played here with fiery wit by Sharon Small.

But this is, unashamedly, a play about principle, passion and compassion, driven by a fantastic ensemble and an electrifying performance from Sheen. Even in his pink pyjamas, his Bevan has a stature that throws down a gauntlet to today’s politicians across the river Thames.

[msburgundy]

anyway, the good news is that my korean teacher wants to take a break before starting the next course so i may actually be able to do it

[lunarlegend]

i think i accidentally got someone in trouble in real life and i feel sort of bad about it

[justinspoliticalcorner]

Sophie Lawton at MMFA:

Project 2025 director Paul Dans told the Australian Financial Review that he thinks a second Trump administration “will adopt” many of the initiative’s radical right-wing proposals. He also suggested that even if Donald Trump loses, Project 2025’s ideas would live on through the conservative establishment. 

Project 2025 is an effort by conservative think tank the Heritage Foundation to plan policy ideas and staffing for the next conservative presidential administration

Project 2025 director Paul Dans told the Australian Financial Review that a 2nd Trump Administration would likely adopt a majority of Project 2025's policy recommendations in some form. Also, Dans noted that even if Trump loses, its influence in determining conservative policymaking will remain.

[allaboutforexworld]

Social Trading in a Nutshell

Social trading has revolutionized the way individual investors participate in the financial markets. By leveraging the collective wisdom and strategies of experienced traders, newcomers can improve their trading outcomes. This article explores the concept of social trading, its benefits, risks, and how to get started. What is Social Trading? Social trading is a form of investing that allows…

[indianfasttrack]

Worldwide Insurance Companies along with detailed information

Gathering a complete list of all insurance companies worldwide, along with detailed information about each, is a vast and complex task. The number of insurance companies globally is in the thousands, varying across regions and industries (life, health, property, casualty, etc.). Additionally, companies frequently merge, change names, or cease operations, which makes maintaining an up-to-date list…

[abirdie]

Gael García Bernal in Mammoth (2009, dir. Lukas Moodysson)

(these gifs also feature Run Srinikornchot and Michelle Williams)

Gifs are all 540px wide so you can click to see larger.

[other gael filmography gifsets]

[namocchi]

a peek into my bookshelves!! and my current tbr :)

i will post more mini reviews soon <3