October already, where has the year gone?
With Christmas just around the corner this is the time that the work picks up for Tradie’s. All of a sudden everyone wants all those jobs finished ‘by Christmas’ and you are thankful that you will have some more cash for the festivities.
The problem I see is that Tradie’s ‘forget’ to sort out their bookkeeping and to not spend all that money and come January things start to become tight and by February you are using your credit card more, pulling money from your home loan or even worse, not paying bills on time.
This sets you up for a tough year as you are on the back foot right from the start.
So what can you do differently this quarter of the year to ensure you have a good start to the new year?
- Put money aside for your GST and don’t touch it. Yes you get an extra month to pay but if you don’t have it set aside as it comes in it’s unlikely you will have it come February’s due date.
- Make sure you pay your bills on time for this quarter. Don’t leave it till after Christmas.
- Put some extra money on your bills which you know will be coming in January and February to save being late.
- Set limits on how much you will spend on presents and outings and stick to it. Easier said than done I know. If doing this for everything is too much of a stretch then chose three and stick to those. Something is better than nothing.
If this sounds good in theory and you aren’t sure just how you could manage it for your business, contact Katie 0424151056 or book your 30 minute FREE review HERE to see how you can have an awesome New Year.