How to Prepare for the New Financial Year as a Small Business Owner

How to Prepare for the New Financial Year as a Small Business Owner

#Accounts #Business #Financialyear #Startups #Strategy

#10 tips and a #checklist for #planning your business goals for the new financial year

1. Begin with #SWOT analysis

Do a SWOT analysis (Strength, Weakness, Opportunities and Threats)

2. #Travel in-depth into your #finances

#Balance Sheet of your company which shows all the assets, liability and equity.

#Revenue, #expenses and #profit can be derived from the Income statement.

#Cash flow statement shows the opening and closing cash in a particular time.

3. #Invest in what Bring value in business

#Employee

#Technology

#Marketing

#Traning and Skill Building

4. Focus on Your Financial #Reports & #Finance for the year

5. Settle #Accounts and Assess Your #Sales Cycle

6.Celebrate #Successes and Learn From #Failures

7.Set New #Goals, #Strategies, and #Action Plans

8.Create a #Marketing Schedule

9.Assess and Improve #Employee Engagement

10.#Plan Vacations

#MSME #SmallBusiness #CALaxman #Planning #Vision #Success #FinancialYear #2025_2026

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Written by
CA Laxman Dabholkar
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CA Laxman Dabholkar

CA, CS, LLB, DISA

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