Early preparation is the key to a profitable holiday season for merchants. Review last year’s holiday season and then decide on a plan that will help you avoid the same hassles this year. Budget wisely and remember that it takes money to make money to make money in retail. Explore unique funding solutions to make this holiday season less stressful and more profitable.
Hire Extra Help Early
Hire temporary employees several weeks before the rush begins. You’ll have extra help to get holiday stock out, create eye-catching displays and decorate your business for the holidays. Make sure new employees are comfortable with the job before the rush begins. The last thing you need during your busiest season is an employee who keeps making mistakes at the cash register. Slow checkout lines discourage shoppers from coming back.
Consider hiring workers from a temporary agency if you don’t want the hassle of hiring employees. You won’t have to spend your time holding interviews or checking references when there is so much to do before the season begins. By arranging for workers ahead of the season, you’ll have time to replace someone who does not work out, without leaving yourself short-handed.
Buy Stock Early
Take advantage of wholesaler’s discounts on seasonal merchandise well before the season begins. Avoid buying trendy items too early; instead look for deals on classic items that never go out of style. Stock up on inexpensive holiday essentials, such as batteries and clear tape, so your customers will spend more with you during each visit.
Stock Up on Store Supplies
Make sure you have enough shopping baskets, bags and store supplies on hand. It’s difficult to get these items shipped quickly during the busy holiday season. Avoid paying rush-shipping charges for extra cash register tape and other supplies by stocking up ahead of time.
Don’t forget to buy any supplies you’ll need for holiday displays and outdoor signs to encourage people to stop in.
Smart Business Funding
Funding from Business Credit and Capital will give you the money you need for extended hours, extra advertising and extra employees without putting you in a tough spot. If you’re certain that you can have a great holiday season this year if you just had extra cash, let Business Credit and Capital fund your business’s best holiday season ever.