Many small businesses have seasonal trends, where they get busier during certain times of the year and slow down during others. Many seasonal business owners end up having to shut down their operations completely when business is slow, not making any money at all when it’s time to take a break from the busy season and leaving lots of money on the table in the process. As long as you know what you’re doing, though, you can make your seasonal small business run year-round while still keeping profits high! Here’s how to make your seasonal small business profitable year-round.
The Pros of Starting a Seasonal Business
1. It is easier to set up because you don’t need much inventory, staff or room for storage. 2. With a seasonal business, if things go well with the seasons, then you have time during the off season for promotion and other projects. 3. You might make more money per day of work than a standard 9-to-5 job but not get paid as much per hour because of how long the days are.
The Cons Of Starting a Seasonal Business
Running a seasonal business means you’ll have high revenues and then very low ones as time goes on. Plus, it’s not a good idea if you like working in the same place or need a constant stream of customers to keep your employees busy.
Ways To Keep Your Off-Season Operating Profit At $0
Unfortunately, it is not possible for any business to operate for free. For seasonal businesses, many times what happens is that their expenses are higher than their revenue during the off season and they end up losing money. The way to avoid this problem is by looking at your revenue and costs over a long period of time.
Ways To Make Money During The Off-Season
There are a few ways that you can make money during the off-season. First, you can consider going online with your product and sell them on an ecommerce site like Etsy. This way, you don’t have to take time off during the low season for manufacturing, but can instead bring in revenue passively without too much extra work. Another option is adding a subscription service where customers can order new additions periodically throughout the year as they come up.
Partner with United Funding Group
In these uncertain times, it’s more important than ever to have a reliable partner you can count on for funding, especially with a Startup business. United Funding Group has a long history of helping small businesses weather tough times. We offer a variety of funding options that can be tailored to your specific needs. So if you’re worried about how inflation will impact your business, give us a call. We’re here to help.
Contact UFG, Today!
United Funding Group provides funding for all types of businesses, regardless of industry. We provide merchant cash advances for many industries, including retail, service, restaurant, and real estate investment. Whether expanding your business or opening a new one, we can get you funded quickly and easily. Contact us today to learn more about merchant cash advances from United Funding Group, ufgfunding.com.