As December unfolds, it’s the perfect time for businesses to strategise and ensure they make the most of the final month of 2024. Whether you’re navigating increased seasonal demand or preparing for a quieter period, here are key actions to optimise your financial and operational performance.
Strategies for Success
- Forecast Cash Flow: Plan for best- and worst-case scenarios to stay prepared.
- Manage Employee Absences: Factor in seasonal leave and consider temporary staff if needed.
- Stay on Top of Invoicing: Send and track invoices promptly; follow up on any overdue payments.
- Plan for Irregular Payments: Account for early payroll processing, bonuses, or seasonal expenses.
- Optimise Inventory: Ensure adequate stock levels and promote or discount slow-moving items.
Additional Tips
- Clean up financial records and finalise missing paperwork.
- Align your team on year-end goals and expectations for January.
- Check for year-end tax opportunities or funding options.
Expert Support from AG Associates
Let AG Associates help you close out 2024 with confidence and set a strong foundation for 2025. For personalised guidance, contact Angela at info@agassociates.ie or call 021 4824723.
