Can Your Business Survive Holiday Season?
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It's a fact.
One way or another, knowing or unknowingly, Holiday season challenges every business. It’s the time your business inevitably gets put to the test.
All weak links surface. All your issues get flushed out and transparent. Processes that are broken or can't hold up to circumstances, get exposed. People that are not invested in the vision of the company show their true colors.
These are the common questions and challenges business owners ask themselves around the holiday season.
Do I have the cash flow, Inventory and infrastructure to accommodate holiday volume?
Can I afford to be closed for 1 day?
The full week?
An extended holiday period?
Is my business set up so that I can take off for the holidays, leave a day early, get back a day later - while having others step in?
As a business owner we hope to be able to reap some benefits of running our own show.
Shouldn’t decisions like these be possible?
Do they seem unfathomable to you?
The Big question is, what makes those decisions possible for some business owners while others not?
The one common thing of all business owners who survive and thrive through the holiday season, is that at the root of it all they are really good at PREDICTING.
Becoming good at predicting short term and long term is crucial for every business.
It means being proactive rather than reactive.
Setting Quarterly Priorities (we call them ROCKS) and staying laser focused on them.
Predicting your One Year Plan, Three Year Picture and 10 Year Target.
This enables you to plan in advance for holidays and closures.
(Here you can learn more about strategic planning)
But you can't become good at planning long term without becoming an expert at predicting short term.
Short term predicting builds Long term predicting.
Short term predicting means setting up your team and business for success each week.
Having effective meetings that scope out the week’s worth of To Do’s, Solves issues effectively and permanently and eliminates unnecessary emails and back and forth communication..
Predicting short term means becoming really good at tracking actionable data so you can make better decisions faster and in the long term you have the data to look at for holidays and special events.
(Learn more about tracking data here)
If you would like to set yourself up for success for the next holiday season, feel free to reach out and chat!
May this year bring much peace of mind and prosperity!
Happy Holidays.
Chag Sameach to all those Celebrating!
Learn more about me and the work I do here https://www.eosworldwide.com/rachel-lebowitz
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