Seasonal Businesses and Budgeting
Last week I had lunch with a friend of mine who owns a landscaping business and we discussed the difficulties of owning a seasonal business. He made a very good observation about managing a seasonal business and said if you planned right it wasn’t that difficult. However, there are many companies that don’t plan out their years and take into affect that part of the year will bring little to no revenue.
I have another acquaintance that runs several Halloween stores and starts at the end of July and works through November and makes enough money to live the rest of the year without having to work anywhere else. She budgets her money very well and always has enough to get the stores up and going the next year. Her livelihood depends on her ability to budget and because she is so good at it she has created a great lifestyle for her and her family.
