Get your finances ready for the holiday season

For many stores and online stores, the holiday season starts well before December. Black Friday and Cyber Monday kick things off, followed by St Nicholas' Day and Christmas. That is your chance to reach more customers and bring in extra revenue. But to make the most of it, you often need to invest before the first extra revenue comes in.

Investing earlier?

A well-stocked store or online store starts with enough inventory. Extra staff help you serve customers quickly and process orders on time. Maybe you rent an extra pop-up location or a stall at a Christmas market. That takes money upfront. And that is exactly where it can get tight: you expect more sales, but you don't always have enough financial room at that moment.

So you might postpone an order or hire fewer staff than you actually need. During the rush, that can lead to sold-out products, longer waiting times or missed sales. Unexpected events can also get in the way of your preparations. Think of equipment that needs replacing, staff suddenly calling in sick or a supplier who can't deliver. Setbacks like these sometimes call for extra financial room.

Map out your financing needs in advance

Looking at your financial planning well before the holiday season shows you what you need. Which expenses are coming up? When do you expect the income? And is there enough room to absorb a setback? Business financing can help you make planned investments on time if there turns out to be a big gap between your expenses and your income. Look beyond the expected revenue. Your margins, the cost of the financing and your room to repay also determine whether an investment suits your business.

Need extra financial room? Applying for business financing doesn't have to be complicated.

With Buckaroo Capital, as a Buckaroo customer you can apply for business financing from your own Buckaroo environment within one business day. Based on your transaction data, you receive a tailored offer. That way you can see how much financial room is available for your plans.

Pay based on your sales

With Buckaroo Capital, payment happens automatically through a percentage of your revenue. Your payments move with your sales. In busy periods you pay faster, while payments automatically drop when your revenue temporarily dips. Payments are also processed automatically with your transactions, so you don't have to transfer the payments yourself. You know in advance the total amount you will pay. That gives you a clear view of the costs and helps you include the financing in your planning.

Want to go into the holiday season well prepared? Or create extra financial room for your plans? See how Buckaroo Capital helps you invest in your plans on time.