πŸ’« Design Your Destiny πŸ’«

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67. πŸ’« 10 Tips to finish quarter four strong πŸ’«

business blog diana richardson empowering entrepreneurs expertise for entrepreneurs glowgetter beauty entrepreneurs signature d Oct 21, 2024
Signature D Ltd

Here are some business tips to help you finish quarter four strong:

πŸ’« Set specific and achievable goals for the quarter - it’s a great time to reflect on the goals you wrote for yourself and your business in January and also at the beginning of Q3 to refresh yourself on what has been achieved and what to focus on this quarter.  Congratulations on all that you have achieved and best of luck for a strong Q4!!

πŸ’« Review your budget and expenses to ensure you are on track - We discussed this in our October MasterMind about doing an Autumnal Business Audit. If you’re part of our Glowgetter Community, you can find the replay in the Learning Library.  We offer a month membership and if you’re in our coaching programs you will have complimentary access to the learning library.  Monthly MasterMind - Session 8

πŸ’« Analyze your sales data to identify areas of improvement and focus your efforts - for those of you with online booking platforms the systems help you analyze your statistics.  It’s a great time to look at individual performance, best treatment bookings and retail sales.  We can help you put together a Sales Strategy for Q4 and forecast for the next one, three and five years.  We offer a Success Strategy Session as a one to one day that deep dives into all aspects of your business. 

πŸ’« Schedule regular team meetings to align on objectives and track progress - weekly, monthly and quarterly communication with the team helps to maintain performance cadence and motivation.  We also schedule an AGM annual general meeting for our team with a nice meal and we reflect on the year and plan for the year ahead.  It’s a great time to work together on the strategy for hte coming year. 

πŸ’« Offer promotions or discounts to boost sales and attract new customers - with the festive season ahead it’s a great time to plan events and shopping extravaganzas.  Put together packages and product bundles that make gifting easy for your clients. These also boost your bottom line and give your business a cash injection.  Gift Vouchers are also a great gifting idea. 

πŸ’« Double down on successful marketing strategies and consider new tactics to reach your target audience - reflect on what strategies have gone well this year and previous seasons and build on those foundations to boost your business and set yourself up for a strong Q1 in 2025. 

πŸ’« Prioritize customer service to ensure customer satisfaction and loyalty - this speaks for itself, 5-star service will keep your retention rates high. 

πŸ’« Evaluate your inventory and make sure you have the right products in stock for the holiday season - look at best sellers and great gifting ideas. What do your clients shop for this time of year, what new product launches and holiday gift sets are available? 

πŸ’« Foster a motivating and collaborative work environment to keep your team engaged and productive - team work and communication keep morale high with long holiday hours and clients who might not always be in high spirits.  Look after your team and they will look after your clients and bottom line.  Lead from the top and keep that smile scale high in the salon this season. 

πŸ’« Stay flexible and be prepared to adapt to changing market conditions - life always throws us a plot twist or two so stay calm, take a deep breath and remember you wont be given any challenge that you can’t handle.  Our Glowgetter Community is here to support you! 

 

Good luck with finishing quarter four, and feel free to reach out if you need further assistance!

 

Thank you for reading, if this was useful please 🩡and if it could help someone in your network, please share.

Thank you ~ Diana x

 

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