Do you see a shift in your business with the seasons? For some folks, nearly all of their annual revenue might come in a short burst. For others, revenues are similar from month to month. For small business owners, understanding these fluctuations and their impact on cash flow is important.
Similarly, there may be macro issues that can impact your business. It’s been a while since there’s been a recession but we may be entering/in one. Were you in business in 2008? 2001? Those were our two most recent recessions. Do you think your customer base will be impacted or not? What can you do to build more resiliency into your business for the rest of the year?
Let’s build the resiliency we need for success no matter which season we’re in!