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ARTICLE · 05 FEBRUARY 2018

Thoughts for business owners on getting through Janu-worry

January is the ideal time for owners to review cash-flow budgets and set realistic expectations on future cash flows.

AustraliaAccounting and Audit

The period before Christmas and the summer holidays is a time to enjoy the festive season, connect with friends and family, and celebrate the successes of the past year. For some small businesses, it's a crucial period where they attempt to maximise the benefits of increased trade. In these instances, business resources can be stretched, often necessitating business owners to work in the business, rather than work on the business. This can leave business owners feeling more fatigued than festive.

OTP_SqueezeAs the dust starts to settle, business owners can recharge their batteries but more importantly look to re-engage with the business books and consider how the festive trade has affected the business's financial position. Understandably, being on the tools during the busy period may have led to a lack of focus on some vital key areas that ensure the business's continuing viability. For those that close during the Christmas period and have a slow January, the lack

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