Holiday spending expectations are up again this year. According to Deloitte forecast, holiday sales could reach $986 billion which is an increase of nearly 5% over 2014.
Raham Rapier of Inc.com, writes in Deck the Halls Now: Why You Ought to Prepare for the Holidays Even Earlier, the importance of planning ahead this year. Rapier notes that David Gilbert, CEO and co-founder of San Diego-based National Funding, says “It’s all about planning” and “Knowing your needs up front can avoid a lot of headaches.”
In addition to increasing advertising and hiring seasonal workers, Rapier outlines three tips for preparing for a special holiday season:
- Plan well in advance – Typically most businesses look for funding in October, but this year September has had the most activity according to Gilbert. “…which is a sign of a bigger lead up to the holidays this year.”
- Consider short-term loans – Many businesses will want to make sure that they have sufficient inventory, to accomplish this a alternative lender may be a good idea. Since interest rates are typically higher, be sure to pay these off quickly.
- Lease equipment just for the season…
Please read the entire article at http://www.inc.com/graham-rapier/preparing-for-holiday.html