By Evan Vitale
As I write this, it’s hard to believe that 2016 has almost reached the half-way point. Has it really gone by that fast or is it just me? Some way that after the fireworks fly on July 4th, that it’s all downhill to Fall, Halloween and the year-ending holidays.
But seriously, how has 2016 been so far to you and your business? How are your sales? Your goals? Remember your plans six months ago for the new year? Are you on track?
Here are some things to consider for the next six months of 2016:
- Re-adjust your sales and expense projects based on your numbers for the first half of this year. If needed, make sure you make proper adjustments when paying quarterly taxes as well.
- Review your staff needs. Do you need to hire? Bring on a temporary work team or cut back?
- How are you inventory and equipment needs for the rest of the year? Sometimes, during the summer months, vendors may offer specials and discounts. If you have the cash, now might be a good time to stock up or upgrade.
- Consider an update meeting with your professional “team” – your accountant, your attorney and your banker. Keep them updated on your progress this year and see if they can help you in any way during the rest of 2016.
- Remember to take care of yourself. If you’re expecting a busy upcoming season during the rest of 2016, now might be the only time you can get away for a little break and some rest and relaxation. Do it before it’s too late or before the rush takes a toll on you and your family.
I hope the year has been a good one for you and your business (so far). If not, make adjustments now and plan accordingly. It’s not too late to turn things around during the next six months.