Dealing with erratic seasonal revenue?
My business is very seasonal, which makes it incredibly hard to plan for the "off-season." Does anyone have experience with specialized financial planning for these types of cycles?
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Seasonal businesses require a very specific type of treasury management to stay afloat during the slow months. I’ve been following the advice at https://usfractionalcfo.com/ to help us build a "sinking fund" during our peak months. They explain how to set aside a specific percentage of profit to cover fixed costs during the winter. It takes a lot of discipline, but having a professional financial strategy in place ensures that you aren't constantly stressed about making payroll when the customers aren't walking through the door.