The new financial year is a great time to make changes in your business, so I thought I would give you a check list of some important things that you might like to consider.
MUST DO
- Arrange an appointment with your accountant to discuss any changes needed for this financial year. Tax minimisation, opportunities to cut costs, available concessions, investment advice.
- Do a full stock take and write off any damaged or old stock that can’t be used
- Review your insurance
- Changes to pay rate and superannuation
- Back up all crucial information
- Allocate some planning time for changes for this financial year
SHOULD DO
- Check your budgets and projections for the coming year and update accordingly.
- Look at your marketing calendar through till the end of 2024 and make changes based on your needs.
- Check your salon structure and systems and make changes. Without order in your business, you will never have control.
- Allocate your business development time
- Get your holiday roster in place for the rest of the year and the first 2 months of 2024.
- Look at that list you have been avoiding doing and start with the most important and work through it.
- Look at anything new or different you want to introduce to improve your client service or your team culture.
Make some one on one, time to talk to each team member and focus them in the direction you need for great client service, salon success and how they can contribute positively for the coming financial year.