fbpx

Bookkeeping

5 Small Business Benefits of Online Accounting Software

It’s easily argued that no one works harder than a small business owner. To streamline your administrative tasks, you need a comprehensive online accounting package.

While large corporations have an equally impressive finance department, entrepreneurs have only a handful of helpers, sometimes none. After dealing with customers, managing staff, and cleaning up after a long day, no one should have to spend hours on bookkeeping.

Benefits of Going Digital

Before you get worried about technology, let us reassure you that these online programs are all about accounting made easy. As a result, they’re designed to be understood by anyone and feature a user-friendly interface with clear setup instructions.

Of course, it takes practice to operate it like a pro. Fortunately, there is a long list of advantages to doing your books this way. Let’s take a look at the top five benefits that organisations of any kind can enjoy with this software:

1. Increased Productivity

Digital accounting solutions speed up your business processes and give you more time to focus on important tasks. They also keep your books up to date with minimal hassle, and de-clutter your office space by eliminating the need for reams of paperwork.

2. Reduced Monthly Expenses

When running a small business, time and money are your most precious commodities. Using online accounting software helps you save on both. Instead of outsourcing your bookkeeping, online accounting software enables you to do it all yourself.

You can take complete control over your finances.

    3. Improved Accuracy

Humans make mistakes. It’s an unavoidable fact of life. Sadly though, in the small business world, even tiny errors can spell large disasters. With accounting software, the chances of calculating incorrect totals are massively reduced. It’s also easier to check digital documents and instantly fix input mishaps.

    4. Security

Having valuable data on your company in the wrong hands can jeopardise all of your business efforts. Therefore, whether you own a large or small organisation, keeping sensitive information safe is crucial. Where better to store personal details and accounting records than in the cloud.

   5. Work Smarter, Not Harder

In this age of start-ups and entrepreneurs, you need to display service excellence and efficient customer care to every client you get. The easiest way to achieve this ideal faster and more consistently is with online accounting software. Other methods are sure to leave you exhausted, influencing either your business or personal life. Why choose between the two?

Buy Now

Online Tools to Help You Work Remotely

work remotely

With business needs and technology evolving year after year, working remotely is becoming a necessity for most individuals and businesses.

However, sometimes working remotely isn’t as easy as it sounds. There is a lot that can go into it regardless of your industry. It takes discipline, determination, and quite a bit of help from technology. Here are some online tools to help you work remotely, effectively and efficiently.

1. Video and Conference Calling

Working from home can sometimes feel isolating. As humans, we need interaction with other people. It is important not to isolate yourself and have the ability to connect with people face to face.

It not only creates a community, but it also allows you to feel connected to your clients, team, and colleagues.

These are some ways of achieving this:

  • Schedule check-ins with your team. It helps you make sure that things are not falling through the cracks and gives you all quality time together.

  • Microsoft Teams, Skype, and Whatsapp are all good online options to consider.

2. Messaging Channels

Messaging channels are great to keep it feeling like an office environment. These are also great ways to contact your colleagues or team without the hassle of long threads and having a million emails to get through. Have a channel that is dedicated to non-work-related chat, this can be a channel whereby you have normal conversation and reconnect as a team and as people.

Some great messaging apps include:

  • Slack has a searchable history feature that allows users to easily find past chats and shared information in less time. This app will even let you share documents like PDFs, images, and videos.

  • Microsoft Teams is not only a great app for video and conference calling, it is also a great messaging platform, thought of as an alternative to Slack.

  • CloudApp is one of its kind – this is a visual communication platform that brings screen and webcam recording, GIF creation, and image annotation features securely to the cloud.

 

3. Project Management

Managing people and projects remotely can be a nightmare. But it doesn’t need to be. These apps will help you keep everything in tow.

  • Trello is a visual project management software. All your work happens on Boards. Boards are divided into lists, which represent different stages in a project and populated with cards. A Card represents a specific task and can contain due dates, chat boxes, attachments, and more.

  • Todoist is a smart to-do list app. Perfect for remote workers seeking simplicity.

4. File sharing

There is one app that does this perfectly and that is Dropbox. It is easy to use and is immensely popular and used by millions of people around the world.

All you need to do is upload your file to your Dropbox account and then share access to it with your colleagues. Easy!

 

5. Cloud-Based Accounting Software

Firstly, the cloud is a platform to access data and software online anytime from any device. This platform keeps data secured and up to date. How can this help you?

QuickBooks Online is a cloud-based accounting software that allows multiple people to access and work on an account from a variety of devices, while your data is kept secured and up to date constantly.

These are some of the benefits you get with using QuickBooks Online:

  • Dashboards allow you to get a snapshot of your business. This includes Profit & Loss, Overdue Invoices, and Bank Balances in seconds.

  • Your data is secured with the same encryption technology used by the world’s leading banks. QuickBooks Online Security.

  • QuickBooks integrates with ABSA, FNB, Nedbank and Standard Bank to allow you to import your bank statements easily.

  • Know where your business stands and have ready access to 65+ reports in a single click. Get a clear view of the overall state of your business with the Company Snapshot.

  • Get enormous flexibility by customizing how your invoices and receipts look and what information they contain.

  • Handle multiple currencies and track currency gains and losses.

  • Give your employees access, while maintaining control over what information they can view or modify with multi-user collaboration.

  • Take your business with you anywhere, anytime and access QuickBooks Online on any Internet connected computer, tablet or phone using any operating system.

  • Free Mobile/Tablet App

  • Your accountant has free access to your financials

  • If you need help, free and unlimited support is just an email or phone call away.

Should you need more information, you can have a look here.

 

Working remotely requires extra focus and tools to help you get work done fast and well. We hope that this blog has given you some advice on how to do just that.

Cloud accounting: Is it the best solution for my business?

As a business owner working remotely you have a lot to do, think about and plan for each day. The last thing you need is complicated systems that take up precious time.

For all businesses, small or large, your accounts and the software you use is very important – hence why it is always approached with trepidation. Using cloud accounting software, like QuickBooks Online, will get rid of that feeling and instead, give you a feeling of ease with its simplicity, accuracy, and accessibility.

What is a cloud-based accounting system and how is it different from a traditional on-site system?

Cloud accounting is a computing service provided through computers or similar devices, like smartphones, tablets, etc. via the internet. Simply put, working in “the cloud” is all the ways we use the internet.

It is more flexible as you can access your financials from any device that connects to the internet, from anywhere, at any time. A traditional on-site accounting software system can only be accessed from a few computers situated inside your office.

Cloud accounting updates financial information automatically and offers you real-time reporting. Not only does this eliminate the possibility of human error in data capturing, but you can have peace of mind that your balances are always accurate.

A system based in the cloud can better handle multi-currency and multi-company financial transactions.

There is no need for you to fork out money for fixed, expensive equipment and software licences as your business grows. Cloud computing cancels out increased licence, database, systems management and software costs for a growing business.

Unlike on-premises accounting software solutions, cloud accounting solutions don’t need as much maintenance. Updates happen automatically and there’s no need to update or download anything on a company computer.

When working off cloud accounting, employees in other departments, offices or across the world can access the same accounting data and the same version of the software.

You can easily share data in the cloud. All it takes is two users logging in with their unique user names and passwords. Traditional methods can be more cumbersome and require you using a flash drive, for example, to get information from one computer to another. This is also a security risk as the flash drive or disc being used can be lost or stolen.

But you’re a little concerned a cloud-based accounting system will compromise the security of your financials.

Cloud accounting is as secure (if not more secure) than traditional accounting.

Think of it this way. The accounting information stored on a traditional in-house accounting system on your laptop will be lost forever if that laptop is stolen, let alone the information breach this could lead to.

With your financial information in the cloud, none of your financial data can be traced on company computers and the information in the cloud is encrypted and password protected.

QuickBooks offers online accounting software solutions for small businesses. Find your right fit by calling us on 010 203 4300 or emailing info@easybiztech.co.za today.

 

How to Digitise your Business through Social Media Marketing

digitise

 

 

With a lot of companies and people working remotely and the country going into lockdown, there is no better time to focus on digitising your business.

 

Most people will be spending a lot more time online. With that being said, this is a peak time to market your business and services on social media. This can help you reach more potential customers and ultimately increase your business leads, while your customers can contact you directly from the chosen platforms.

Wondering where to start? Here we have some tips to help you digitise your business and market on social media.

 

  1. Start with a Plan

Before you begin creating social media marketing campaigns, consider your business’s goals. Starting a social media marketing campaign without a social strategy is a recipe for disaster and panic.

 

  1. Meet Your Marketing Goals

Now to consider your business’ goals and how to meet them. Here are some questions to ask when defining those goals:

  • What are you hoping to achieve through social media marketing?
  • Who is your target audience?
  • What platforms would your target audience use and how would they use social media?
  • What message do you want to send to your audience with social media marketing?

 

These goals are important and will help you do a stellar job on social channels. But you also need to understand how those goals can help your business. Social media marketing can help with several goals, such as:

  • Increasing website traffic
  • Building conversions
  • Raising brand awareness
  • Creating a brand identity and positive brand association
  • Improving communication and interaction with key audiences

 

  1. Choose the Right Platforms

There is no shortage of social media platforms where content can be shared. Sharing your content on the right platforms is crucial to your success.

 

When determining which channels to use, you should consider your customers (audience) and your business. It’s important that you create accounts on the platforms your target audience uses, so they can easily connect with you. You should also consider which sites best fit your products.

 

  1. Create a Content Plan

Scrambling to create posts at the last minute can lead to low-quality content and panic. A lack of organization can lead to repetitive posts or a lull in your presence on one or more of your channels. Creating social media content calendars or content plans can help avoid those mistakes and lead to more effective posts. Content plans also help you create goals and strategies for meeting them and track your progress toward them.

 

To make a content calendar, use a regular calendar for each social media channel and plan out your posts in advance, complete with hashtags, links, images and other content.

 

Make sure you post regularly and offer truly valuable information that your ideal customers will find helpful and interesting. The content that you share on your social networks can include social media images, videos, infographics, how-to guides and more.

 

  1. Consistent Brand Image

Using social media for marketing enables your business to project your brand image across a variety of different social media platforms. While each platform has its own unique environment and voice, your business’s core identity, whether it’s friendly, fun, or trustworthy, should stay consistent.

 

  1. Sharing Links

While using social media for marketing is a great way to leverage your own unique, original content to gain followers, fans, and devotees, it’s also an opportunity to link to outside articles as well. If other sources provide great, valuable information you think your target audience will enjoy, don’t be shy about linking to them. Curating and linking to outside sources will improve trust and reliability, and you may even get some links in return.

 

  1. Competitors

It’s always important to keep an eye on competitors—they can provide valuable data for keyword research and other social media marketing insight. If your competitors are using a certain social media marketing channel or technique that seems to be working for them, considering doing the same thing – but make yours better!

 

  1. Keep Track of your Success

You can’t determine the success of your social media marketing strategies without tracking data. Google Analytics can be used as a great social media marketing tool that will help you measure your success, as well as determine which strategies are not working. You can also make use of Facebook Business Manager, Twitter Campaign Manager, LinkedIn Campaign Manager, etc.

 

  1. Community Management

Have someone dedicated to checking your platforms. This means that someone will monitor the comments, inbox messages, and reviews, etc. posted to your channels. This is a good way to show your customers that you are there for them and gain potential new customers.

 

  1. Address Problems Quickly

Hopefully, you receive mostly positive feedback on social media. Occasionally you may encounter someone who is upset, argumentative or has something negative to say about your company.

 

You should carefully monitor mentions of your brand on social channels, so you can catch issues before they escalate. If you spot a problem, engage with the person by publicly apologizing if necessary and offering to solve the problem over a direct message exchange. This way, people who see the post know you were responsive but don’t have to see all the specifics of the issue.

  1. Provide Value

Perhaps the most important thing you can do on social media to provide value to your followers. Create something that your audience will find useful. It could be something that tells them something they didn’t know before, makes them laugh, entertains them or anything else that’s beneficial in some way.

 

This aspect of social media is what attracts the right customers to your business, makes people want to follow you on social sites and helps content to spread. Master this, and you’ll be a big step closer to a successful social media marketing campaign.

 

With nearly 3 billion active users, social media is a potential goldmine of new customers and current patrons who could become repeat customers. Create a good social campaign, and you’ll be able to connect with some of those people and grow your customer base.

 

In case you missed our previous blog, here we talk about how to digitise your business through digital marketing: here

2020 Trends for Accountants

accountants

 

Technology is always evolving and the advent of innovations in the world is boosting economic growth at a global level.

 

Accounting is no exception. It plays an important role in any business. By being up to date and organized, accounting software can provide accurate, relevant, and valuable financial information, leading to better business decisions and assist in reaching the desired business growth.

 

Here are some of those trends you can expect to see this year:

 

  1. Migrating to Cloud-based Software

Cloud-based software has already made its presence in accounting. By adopting this, you can establish your practice as a leading brand that provides up to the mark CPA services.

QuickBooks Online is a perfect example of this.

Find out more here.

Products such as QuickBooks Online allow you to store & access data, utilize inbuilt tools and features from anywhere, anytime. As well as automated bank feed reconciliations, expense claim tracking, inventory control,  multi-currency processing, etc. Everything is automated.

 

  1. Potential of Internet

Using the internet allows your bookkeepers and accountants to have two-way conversations with colleagues and clients. There are many applications out there for face-to-face virtual interactions as well as being able to expand and assist clients across the globe.

 

  1. Millennial Clients

Slowly but surely the younger generation of “Millennials” will start taking the lead in most aspects of almost everything. Many business owners that fall in that category are willing to explore beyond standard business approaches and systems. Cloud-based accounting is the exact reflection of something they would expect. The era of millennials means that accountants need to handle completely different types of clients who prefer a greater level of proactiveness, enhanced operational transparency, and a personalised approach.

 

  1. Social Media Platforms & Accounting

Platforms such as LinkedIn, allow firms to market their services more broadly and keep connected with clients, colleagues, and partners. Such platforms also help you stay updated with the latest trends in the accounting and business sectors and how they make a difference in their work.

The number of social media users worldwide in 2019 hit 3.484 billion, up 9% year-on-year. Facebook, Twitter, and Instagram can be used for B2B and B2C with a massive number of users as well.

  1. Artificial intelligence

Artificial Intelligence (A.I) is an exciting prospect for accountants as there is the potential to effectively add a ‘virtual’ member to the team that is available 24/7 to answer multiple questions and carry out simple tasks even when the office is closed. This emerging technology will be used in the day-to-day running of businesses allowing complex and repetitive tasks to be automated with A.I, machine learning, and robotics with extreme accuracy.

 

2020 brings with it new opportunities and digitisation is the key trend that will dominate the profession. Accounting firms that are looking for sustainable and long-term success will need to ensure their clients can accomplish any task relating to their finances on a mobile device.

 

In conclusion, digitisation is becoming a must for all businesses, and it is shaping the trends that we will see in accounting. Something that every business needs to keep up with to strive and make sure they not only stay relevant but that they can offer the best and most up to date solutions for their clients and business.

Understanding Financial Year-End

Understanding Financial Year-End

 

One of the biggest parts of a smooth and successful financial year-end is understanding it. We are going to dive right into what a financial year-end is and the importance of it.

 

A financial year, also known as a fiscal year, is the period used by governments for accounting and budget purposes. It is different from your normal year that begins on 1st January and ends on 31st December. A financial year is often very different to this. It also consists of a twelve-month period, except it generally runs anywhere in between February and March – although there are some exceptions.

 

What is important?

It forms the period over which a company is taxed. It also is a method of measuring the profitability over a set period and thus provides the ability to compare to previous financial years.

 

What is involved?

The Annual Financial Statements (AFS) reports need to be prepared and extracted. Accountants assist in preparing the AFS of a business. In order to make sure that the figures in the reports are correct there are certain accounting procedures that need to be undertaken. These are mostly reconciliations and certain year-end adjustments.

 

At the start of a new financial year, accounts will have a zero balance and the Balance Sheet account will all contain the carried forward figure (which includes the accumulated profits or losses) from the previous financial year.

 

How can an Accounting Software System help?

Having an accounting software system will mean that information from all the different areas of the business are captured on a real-time basis during the course of the financial year.

This is all because the system is fully integrated, all the information will automatically update all the necessary accounts so that the bulk of the information is already there to be extracted.

We can help here: https://easybiztech.co.za/product/quickbooks-online/.

 

Once the year-end process is complete and all adjusting entries have been processed, it is important to be able to “close off” the previous financial year. It is important to close off the prior in order to ensure that the accounting system continues to reflect the correct balances.

 

We hope this breakdown has given you some insight if you are new to financial year-end, that it helps you understand the importance of it, as well as making sure you are organised throughout the year. If you have any questions on how our accounting software can assist you during financial year-end, give us a call here: 0861 726 657.

Tips for Financial Year-End

Tips for Financial Year-End

 

For a lot of businesses, it’s nearing financial year-end again. We know how tough it can be, therefore we found eight tips to get you through and make it a successful time.

 

  1. Pay and clean up anything owing

Businesses need to make sure that at the end of the financial year, there is nothing outstanding. Everything needs to be closed off. This includes payments that have not been made or received. Once done, it needs to be cleaned up and cleared.

 

  1. Be aware of relevant tax changes

It is critical that you are aware of any relevant tax changes which typically come into effect at the start of a new financial year. This will ensure that you are well-positioned to either capitalise on a positive change or are prepared for an adverse change for the next financial year-end season.

 

  1. Get your tax-deductible expenses in order

An easy way for SMEs to claim tax deductions is to pre-pay relevant services and supplies. By bringing forward tax-deductible expenses and deferring income, you can reduce your taxable income for the financial year.

 

  1. Keep your income-producing assets up to date

You can reduce operating costs, increase productivity and free up money by structuring your financing and repayments to suit your tax and cash flow needs. Make an effort to keep your income-producing assets up to date.

 

  1. Write off bad debt

The average number of days that business-to-business payments are being made has increased and now sit at an average of 56 days. If you’re still chasing invoices from the last financial year, now is the time to write them off. Bad debts are tax-deductible and can be used to offset your taxable income.

 

  1. Reassess your cash position

Starting the year with a healthy financial position is crucial. Ensure you review your money management processes and consider the most appropriate funding solutions. There are a number of cash flow finance tools to help you better manage cash flow – just like this: https://easybiztech.co.za/nurture_campaigns/get-organised-and-save/.

 

  1. Have an accounting spring clean

Make sure you review and update your accounting systems to include tax and other changes; as you do not want to have to back-pay items such as missed contributions or lose other potential tax-saving opportunities at the end of your next financial year.

 

  1. Reward your staff and plan for the next financial year-end

The end of the financial year is always a good time to reward your hard-working staff and thank them for their contribution to your business. It may also be a good time of year to review their KPIs. Work on your refreshed business and marketing strategy, as well as a plan for the new financial year-end.

 

We hope you find these tips helpful and remember to have a look at the products QuickBooks and EasyBiz offer to make this time of year a little less stressful: https://easybiztech.co.za/

Do’s and Don’ts of Financial Year-End

financial year end

 

Financial year-end can be a headache for any person working in finance. There is so much to have prepared and ready for when the time comes.

 

Regardless of when it is, thinking about Do’s and Don’ts is imperative to a smooth financial year-end. We’ve found some of the best do’s and don’ts that should help you out and make this time less stressful!

 

The Do’s

  1. Training

Training is always a good place to start. Financial year-end training is a good way to refresh yourself on the process and get up to date with any legislative changes that need to be incorporated. It’s also important for new team members to understand the preparation plan in place so that the team can hit the ground running and complete all requirements before the cut-off time.

 

  1. Communication

Financial year-end is a team effort, and this extends outside of your HR and Payroll teams. Let your leaders and support teams know what your plan is ahead of time so that they can assist you where needed.

 

For outsourced payroll, teams should start communicating with their customers early on, in order to ensure that all involved know what to do well ahead of time. With everyone briefed in with plenty of time, any misunderstandings or issues can be dealt with early on, whilst also allowing ample time to gather payroll data.

 

  1. Review Everything

End of the financial year means going through 12 (sometimes 13) months of payroll data, so it’s crucial that any of the information being handled doesn’t get missed. Go through your payroll calendar to ensure all payments required to be reported within the current financial year are processed on time. Review overpayments, pay codes, tax numbers, and employee information so that the payment summaries and files are correct.

 

The Don’ts

  1. Don’t Procrastinate

Reporting needs to be done at the same time as your organisation’s regular pay run, so it’s vital that you stay on top of competing priorities for this time of year.

 

  1. Take Note of Legislative Updates

Ensure that you and your team are remaining compliant with legislative requirements. It’s important to check if there is any new legislation that might impact your end of financial year payroll and HR reporting.

 

  1. Team’s Leave

Every person in the team needs to work together to get through the end of the financial year successfully, so it’s important to be aware of everyone’s schedule. It’s best not to have any key payroll people on leave at this time, but things can still happen or get in the way, so don’t forget to have a contingency plan in place as a backup.

 

By keeping these tips in mind, you can have a smooth and successful financial year-end with a 100% chance of fewer headaches or mistakes. Financial year-end is a tough time for anyone, just take a breath, make sure you have all the data you need and everything should be fine.

 

For any payroll assistance or software, check out https://easybiztech.co.za/product/quick-payroll-software/ to see how EasyBiz can make your financial year-end that much smoother.

Business advice from people in the know

business advice

This month we interviewed Shaun Brickell from Icily Live and got his advice, as well as opinions on business and how having a good accounting software, can make all the difference in your day to day tasks.

  1. What does your business specialize in?

Icily Live specializes in sales and rental of equipment to the broadcast industry.  We supply vision mixing solutions, cameras and audio-visual equipment to suit any environment wanting to stream, live broadcast or even just live to screen in houses of worship.

 

  1. How big is your company and how long have you been operating for?

This division of the business is a year old and has two full-time employees.

 

  1. How did you grow your business (from the ground up)?

As partners in business, myself and Craig Parrott both come from the industry.  I have been involved in Live Event productions for 20 years and Craig has a career in creative video editing and shooting spanning 10 years.

 

  1. What has your relationship with EasyBiz Technologies been like and where did you hear about them?

To be completely honest I did my own research into an accounting system that could seamlessly integrate into our online store with the availability of local support from EasyBiz Technologies.  QuickBooks, coupled with MyWorks Software Plugin to our WordPress (WooCommerce) site provided a balance of professionalism, the least amount of duplication and cost-effectiveness for our growing business.

 

  1. How has QuickBooks Online assisted you with day to day tasks?

QuickBooks allows us to be on the road, quoting and invoicing from our mobiles, iPads, and laptops as well as keeping an eye on online orders.  Service is everything in our business so being able to process quotes and orders while on the go is imperative.  In addition to this, we are able to keep an eye on online orders and quotation requests from our website.

 

  1. How has EasyBiz Technology and QuickBooks Online assisted in growing your business?

Being able to manage our online store and accounting system in one place means we have no errors in our stock control or pricing.  Utilising the MyWorks plugin allows us to update pricing from either QuickBooks or WooCommerce and the data is then automatically synchronized to the other.  If you have ever run an online business, you will know keeping pricing in sync is an ongoing time-consuming challenge that most small business owners don’t have the time for.

 

  1. How can accounting software assist a business in growing?

Having a dashboard with a quick overview of your current financial state really helps small business owners understand minute by minute where their business is tracking.  Having the category breakdown also assists me in understanding which categories are profitable and which are taking up space and consuming my cashflow.  All this can be viewed in real time, but running your own books and not having to wait until year-end for your accountant to tell you where things are going wrong.

 

  1. What are some tips you can give to someone wanting to grow their own company?

Start your business with a strategy.  Know what you DO and more importantly what you DON’T DO.  Don’t try to build a thousand-point business plan that consumes all your time.  Focus on 3 to 5 important areas in your business and do these well.  Every point in your strategy should include a measurement matrix.  If it can’t be measured, take it out.  Spend time understanding your customers and competitors.  Know what your customer’s touchpoints are and how your business can help them achieve their goals.  Know what your competitors are doing well and do it better and equally important, know where they are failing and be the hero in this space.

Sign up now and see how having trustworthy and reliable accounting software can assist you and your business too. This where we can help. Have a look at our products here https://easybiztech.co.za/ and let EasyBiz and QuickBooks assist you with your accounting and bookkeeping needs.

 

 

 

Staying afloat in the quiet months of the new year

staying a float quiet months

 

With the festive season over, we now enter the quiet months of the year. It happens every year with every business. Consumers generally use up most of their money during the holiday “silly” season and therefore aren’t as active with businesses the month after. Some businesses also feel the strain of the festive season and therefore engage less with other businesses as well.

 

The good news is that you can turn your slowest months into your best months with these tips.

 

  1. Analyse your sales

Have a look at your figures and identify what the quiet months are, how long they last and track your numbers. This is where knowing your numbers can make or break you. As an entrepreneur, the most important things to keep track of are:

  • Monthly sales and expenses
  • Cost of sales
  • Profit margins
  • Quarterly sales
  • Year to date sales

You cannot manage what you cannot measure and know your figures and where your company stands are the first steps to making sure you flourish even in the quiet months.

Check out some of our products that can help you in this stage: https://easybiztech.co.za/

 

  1. Strategize and Execute

While in the quiet months, you should use this time to plan and strategize for the next busy season. This is the perfect time for it because when that busy season does hit again you may not have the time to strategize, putting yourself and your business under unnecessary pressure.

It will be all hands-on to fulfill and maintain sales during your busy months. Use the slow periods to strategize, so that you can optimize the busy season.

 

  1. Train Your Team

This is the ideal time to invest in your employees. Remember, systems don’t build businesses, people do and the more they know, the more they can accomplish.

 

  1. Build Up A Strong Online Presence

Use the quiet time to increase your online presence. This includes social as well as your online visibility. Engage with your clients on your social platforms, look for potential new business and see what your competitors are doing. Keeping on top of your game and trends is key.

With regards to your online visibility – for anyone unfamiliar with the term SEO, this stands for Search Engine Optimisation. This includes increasing traffic to your website, upping your ranking with Google and other search engines as well as monitoring what consumers are searching for via targeted keywords, which you can use to your advantage. People will find you when they are Googling anything that relates to your product or services.

The most important aspect of a business is online traffic – without it, you won’t gain leads, clients or sales.

 

Remember, nothing that is worthwhile is easy. The key is to take action. The only way a problem will go away is when it is defeated by a solution. Now you have your solutions and the quiet months, won’t be so quiet after all 😉

Please fill out the form below to receive the trail demo link

Personal Information
Where a party receives any personal information (“PI”) related to the other party, the party who receives the PI, will comply with and have adequate measures in place to ensure that its employees, agents, subsidiaries and representatives comply with the provisions and obligations contained in the Protection of Personal Information Act, No. 4 of 2013. Any PI pertaining to one party which is required by the other party, will only be used by that other party for the purposes of this contract and will not be further processed or disclosed without the written consent of the latter and the recipient of that PI will take all reasonable precautions to preserve the integrity and prevent any corruption or loss, damage or destruction of the PI. If and when the contract is terminated, each party will, save to the extent that it is required to do otherwise by any applicable law, erase or cause to be erased, all PI and all copies of any part of the PI relating to the other party”.