Description
We delve into the intricacies of managing seasonal businesses and entrepreneurship. Our guest shares their journey from military service to advising businesses and eventually moving into commercial lending, bringing a unique perspective shaped by discipline, leadership, and experience in seasonal communities. We explore the critical aspects of seasonal business management, including staffing, cash flow analysis, capital preparation, and customer service, emphasizing the importance of a unique value proposition.
Key takeaways include the essential role of mindset for entrepreneurs, the benefits of a military background in business leadership, the challenges and opportunities in seasonal employment, and the necessity of strategic planning for the busy season. We also highlight the significance of regular financial analysis, such as profit and loss statements, to identify trends and make informed decisions. Moreover, we discuss building efficient systems, involving employees in the analysis process to manage stress, and ensuring business success through tracking financials and system creation for business valuation and succession planning. This episode offers valuable insights for both seasonal and non-seasonal businesses, concluding with an announcement of an upcoming workshop relevant to all entrepreneurs.
Host
Hosted by the Farmingdale SBDC’s Business Breakthrough | New York Podcast. The Farmingdale SBDC is part of the New York Small Business Development Center (SBDC) network of 20 campus-based centers and outreach offices located across New York State.
DISCLAIMER – Funded in part through a Cooperative Agreement with the US Small Business Administration. Training collaboration does not constitute an expressed or implied endorsement by the NYSBDC and SBA of the presenter(s), their organization(s), and/or their products and services.
Connect with your regional NYSBDC center to find out more about this topic for your business’s unique needs and challenges
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