Strategic cost-cutting during off-seasons is essential for sustainability. Instead of indiscriminate reductions, focus on eliminating non-essential expenditures while still investing in areas that will fuel future growth.
Timing is crucial for capital expenditure purchases. To avoid disrupting operations, evaluate the lifespan of essential assets and plan replacements or upgrades during off-peak seasons, thus maintaining consistent cash flow.
Routine cash flow analysis allows you to spot trends and potential issues early. This can inform adjustments to inventory purchases, staffing, and other operational aspects.