Do You Have the Funding to Prepare for the Vital Holiday Season?

Last Updated on October 24, 2016

Whew! The fast pace of summer business has slowed down giving business owners a chance to re-group and prepare for the upcoming rush of the holiday season. October can be a slow business month, especially for retailers and restaurants. This can make it the perfect time to address your holiday business funding requirements. Do you have the right level of funding on hand to accommodate the holiday rush?  

A profitable holiday season is crucial to the success of most retail stores and restaurants.

In order to maximize your profits, consider the following:

  • Inventory really should be well stocked and ready for the earliest holiday shoppers! The good news is that many vendors offer attractive discounts starting in the month of October. Take advantage and stock up! Check with your suppliers to see what types of discounts are offered. Furthermore, you should ask for discounts if you typically buy in bulk.
  • Increase your marketing efforts during the busy holiday season! Consumers are bombarded with  message of all types from print ads, online ads, mobile apps, radio and TV ads. All of these message compete for their attention and business. Be sure you are heard above the rest! Consider multiple communication touch points. Speak with your marketing company now to brainstorm creative and see if they will provide a discount for early payment on your holiday ads.
  • Do you have enough staff? There is nothing more frustrating than filling your business with customers, but losing the sales because you do not have adequate staff to service them. Hire seasonal staff early enough to train them well. Having enough salespeople or servers means nothing if they cannot do the job properly.

Don’t let limited cash flow hinder your holiday sales! Speak with a business consultant at National Business Capital to learn about our financing programs! Fill out our two-minute application, and we’ll help you find a loan option that’s right for your business.

For more information on how to get business funding when banks say no, download our FREE eBook today:

National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!

About the Author, Megan Capobianco

Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital & Services and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.