Spring Clean Your Business
As the ground thaws, and the trees begin to bloom it’s time for small businesses to participate in the age old tradition of spring cleaning! After a long winter it is important that small businesses take some time to regroup and make sure the business is headed in the right direction.
It’s been three months since you made those resolutions back in January, and now is the time to reevaluate!
It’s been three months since you made those resolutions back in January, and now is the time to reevaluate! Take a step back and see if you are on target to hit your goals! Take a look at your numbers over the past three months and see if you are on pace to meet your annual goals. If you’re having a slow start to the New Year it is better to be aware of the situation early on. This will give you plenty of time to make adjustments and still reach your 2014 goals.
Take a look at your current inventory and see what’s been profitable and what has not. Leave inventory that has been selling and earning you a profit, and if there is room on your shelves put out left over stock to fill space. If you don’t pay for your products upfront, try to see if you can sell back any unused product to vendors. If not, offering incentives and sales will help to get these items off your shelves.
The definition of “spring cleaning” can vary depending on every business and what your needs are. Look at this time of year as an opportunity to ensure your business is on the right path. The first day of spring usually means warmer weather is near which is an exciting time for most people. You can expect sales to pick up as more people want to leave their homes after being inside all winter, so this is a great time to prepare!