Home Business Tips – Last Quarter Of The Year Tips
Okay, you’re probably wondering what tips would only apply to the last quarter of running a home business. Well, you’d be surprised at what having three quarters of the year behind you can do for you home business. In this article, I’m going to give you three specific things that you should be looking at in order to optimize the final three months of the year. Most people don’t do this and because of that, they’re leaving money on the table. Keep reading to find out more.For starters, you now have three quarters of income behind you. If you’ve been doing accurate record keeping, you should know what that income is and have it at your fingertips. Great, so what does that income have to do with the last three months? Well, if you have a steady business, which most people do have unless it’s seasonal, you should see a definite consistency to your income, more or less. For many businesses, summer months are slow. But usually, first quarter and last quarter are quite similar. Thus, you should already have a pretty good handle on how much you’ll be making these last three months, not counting any growth that you’ve planned for.After income, you need to look at your past expenses. Now, this is important for two reasons. One, you want to budget for the last quarter of the year to make sure that you have enough to cover your advertising and anything else you need. But, and this is where most people drop the ball, you need to also look at what advertising you used in the past three quarters that DIDN’T perform well and eliminate it. This frees up some of your budget for the final three months.Finally, you want to look at WHERE your actual sales came from. Some businesses, like mine, sell multiple products and usually have one big launch for each product. If you found that there was one specific product that did exceptionally well, you might want to consider re-launching it in the last quarter. This might give you some extra income that you weren’t counting on. I usually run an end of year sale on some of my older products. This might be a good chance for you to do something similar.You’ve essentially got three months left to either salvage what’s left of this year or turn it into a record breaker, depending on where you are right now.Take advantage of the time you have left.To YOUR Success,Steven Wagenheim
