#EntrepreneurCorner: Taking advantage of festive season buzz

Cape Town - Business coach Anton Ressel says it's important for small businesses to plan for the upcoming festive season which could either bring in an unexpected flood of cash or a downturn, depending on the type of business you run.

"There's a great deal of opportunity for many well-positioned businesses to make a lot of money in a short space of time, with sectors such as tourism and hospitality the obvious ones.

"How you maximise the opportunity, is the question," he said.

WATCH last's #EntrepreneurCorner: Delegating for success

Ressel said entrepreneurs first need to identify if their business will do well during the festive season. Once you do, its time to prepare for the festive season rush.

This includes having enough stock, and also planning for quieter periods which will follow.

WATCH for more in this week’s #EntrepreneurCorner episode

Did you find this useful? We need your input to identify your most pressing issues. Send us your questions. Our resident coach Anton Ressel or one of our experts will answer as many as possible in future shows. You can also engage with us on Fin24's Twitter and Facebook  pages. Look for our hashtag, #EntrepreneurCorner.

ICYMI, Watch the previous episodes of #EntrepreneurCorner below:

WATCH: #EntrepreneurCorner: Surround yourself with smart people

WATCH: #EntrepreneurCorner: Incubators require commitment

WATCH: #EntrepreneurCorner: Upscaling is about your customer

WATCH: #EntrepreneurCorner: Don't obsess over protecting your idea

WATCH:#EntrepreneurCorner: Why it's crucial that you pay yourself first

WATCH: #EntrepreneurCorner: Make it easy to do business with you

WATCH: #EntrepreneurCorner debuts: The funding conundrum

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