Beyond Planning: December Actions for a Strong Start to 2025
As we wrap up our series on year-end planning, we’re shifting the focus from “planning” to “doing.” December is the time to put your strategy into action, ensuring that your business enters the new year on solid ground while making time for those important relationships that sustain your business.
A well-executed December can mean a more relaxed holiday season and a confident start to January. Here’s a quick recap of the steps we’ve covered and some final actions to consider for December.
December’s Key Financial Actions
- Solidify Cash Flow
December often brings extra expenses, whether it’s stocking up for the new year or addressing seasonal needs. Check your cash flow for the upcoming months and set aside reserves to cover predictable expenses. If your projections reveal any gaps, work with your broker on a short-term financing option to ensure you have what you need without dipping into emergency funds. - Confirm Tax and Payment Strategies
Tax management is one area where taking early action can make a big difference. Review your planned tax payments, and touch base with your accountant or broker to confirm any deductions or prepayments. The goal is to wrap up with as few surprises as possible, freeing you up to enjoy the holiday break. - Evaluate Debt and Financing Options
December is also a good time to review any debt obligations you may have. Consider whether restructuring or refinancing any loans could help reduce interest expenses or align payments more closely with your revenue cycles. Having a proactive conversation with your finance broker now can give you options for better terms and free up cash for growth-focused investments in the coming year. - Set 2025 in Motion
The close of the year is the perfect opportunity to align your team around next year’s goals. Take a moment to refine your targets for growth, cash flow, and strategic priorities. December’s review of what’s worked well can guide where you focus your time and resources in the new year, ensuring that January kicks off with clarity.
Value Your Relationships This Month
December is also the time to show appreciation to the people who make your business possible. Reach out to your valued clients and suppliers, express your thanks, and strengthen those relationships. This small gesture helps build loyalty and sets the stage for continued collaboration.
At Proteger, we’re here to help you complete your year-end financial actions and make December productive and meaningful. Connect with us for support as you close out 2024 with clarity and purpose, ready to start the new year strong.
