When you have a seasonal business, you already know that sometimes you have more money coming in, while at other times, cash is tight. Below are a few hot tips to help manage this seasonal flow of money.
Plan ahead and budget
Planning ahead and budgeting gives you insight into the seasonal trends of your business. It allows you to save enough in the high season to cover your expenses during the low season. Understand your fixed and variable costs, and know when you can cut back on your variable costs.