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.
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.
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