It’s a mostly acknowledged truth that the pace of Australian corporate world tends to shift following Melbourne Cup day. It comes much later for accountants who, defined by lodgement deadlines, tend to soldier on well into December – whereupon things tend to stop completely.
Christmas/New Year is one of the few times in the year that accountants tell me they actually have a break (Easter being the other.) This is especially the case for sole traders and small practices.
This end-of-year downtime is the time when accountants get to take stock - not of their clients’ positions, but their own.
Simply put, practitioners tell me that Christmas break is one of the few times they slow down, take a breath and look ahead.
‘Tis the season for planning.
For business owners who are seeking to expand organically or through acquisition, it’s the time to think about how you might make this happen.
For owners looking to scale back or retire, it’s the time to think about how you want your work/life balance to look in the coming year.
And for anyone with plans, it’s the time for figuring out how to make them reality.
If you’re looking to sell part or all of your business, to merge with another firm or to appoint an equity partner then you should put your plans in place now.
It takes time for business equity transactions to happen, and your timing is important to success.
One if the best times for your opportunity to appear in front of buyers is late January / early February.
This is the point when the buyers are returning from their own holidays, and the Australian business community gets back into gear. It’s when buyers start looking for opportunities to charge up their new year.
If you want to take advantage of this, you need to start now. ‘Tis the season!
If you'd like to talk to me about your post-Christmas business plans, give me a call.