Build Reserves During Peak Season
Save a portion of your peak season profits specifically for slow months. Aim for 3-6 months of operating expenses in reserve.
Consider a Line of Credit
Secure a line of credit during your strong season when you're most likely to qualify. Use it during slow periods and repay when business picks up.
Diversify Revenue Streams
Can you add products or services that perform during your off-season? Many seasonal businesses find complementary offerings.
Negotiate with Vendors
Talk to suppliers about seasonal payment terms. Many are willing to work with established businesses they know will pay when season returns.
Plan Marketing for Slow Periods
Slow seasons are perfect for marketing initiatives. Use funding to invest in marketing that drives future sales.