For some, the holidays are a time of togetherness and celebration. For others, it is a time of major expenditures.
From seasonal workers to charity funding, here are some small business pointers for New Year’s Eve and beyond:
1. Hire the people you need for the extra work.
Even with limited time to recruit new employees, being a family-run business can be advantageous, making it easier to train new workers.
2. Charge your customers to honor the organization’s social mission.
It’s standard operating procedure to educate customers about local charities, so it’s worth considering where to offer customers a charitable receipt when they pay.
3. Volunteer during the holidays.
For many organizations, that’s a great way to provide your customers an easy way to help in a meaningful way.
4. Consider how your help could be redirected.
One of the obstacles to hiring seasonal workers is the fear of liability and liability insurance. Take care of this concern in advance, or else you could be unable to offer those services in the future.
5. Suggest that your coworkers become volunteers at your nonprofit.
It’s often employees who become volunteers at charities.
6. Make in-kind donations to your local neighborhood organizations.
The donation itself will make a greater impact on local communities than making a one-time donation.
7. Use electronic payment systems, such as PayPal or Venmo.
Not only can you protect yourself from theft or fraud by paying using electronic methods, but electronic systems tend to be easier to use than cash or credit cards.
8. Set aside special funds for fundraising.
Regardless of whether your client has paid by cash or check, you’ll need funds to help you fulfill your commitments. Consider offering non-business clients a tax write-off for any gifts you make in 2018.
9. Follow your company’s rules and regulations.
While it may be a good idea to exceed those, it’s even better to do so with the approval of your boss or board. This can help maintain camaraderie, while knowing that you have the authority to do what is right in the event of an emergency.