To help, we asked a panel of Forbes Finance Council members how they recommend managing seasonal sales cycles. Members of Forbes Finance Council share strategies to help seasonal businesses stay strong throughout the year. Budgeting and operations in a seasonal business are important, but it is also critical to manage working capital. The best tip is to be aware of the seasonal sales cycles and adjust the operating strategy to each seasonal trend. For instance, try to forecast the seasonal quarter sales and develop business strategies before the seasonal sales trend begins.

Source: Forbes September 10, 2020 12:00 UTC