How to Save Thousands through Year End Planning

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How to Save Thousands through Year End Planning

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“In preparing for battle, I have always found that plans are useless, but planning is indispensable.”

– Dwight D. Eisenhower

President Eisenhower understood that while life is unpredictable, mental and physical preparation will benefit us no matter what comes our way. On the small business battlefield, things are certainly unpredictable. New challenges arise all the time, and the occasional crisis can throw an entire year out of line. Before you know it, your annual goals seem impossible and you’re scrambling to keep up. As we prepare to enter the final quarter of 2018, this is a great time to reflect on the year and begin developing next year’s road map. Knowing how to structure an effective plan is not only a great relief and opportunity for your business, but it can help to save thousands of dollars a year.

Whether it’s budgeting your personal time or laying out your strategic growth, time spent planning can yield exponential returns. Successful sweeping companies that emphasize the planning process can position themselves to take advantage of opportunities like:

  • Yearly tax deductions
  • Reduced mileage and repair costs
  • Maximized trade-in allowances
  • Seasonal prediction of sales cycles and job turnover
  • Growth opportunities

 

By taking advantage of these and other benefits, the focus shifts from crisis management to proactive growth.  Efficient planners have the freedom to control their environment rather than react to it.  This inevitably leads to more money and time investment in areas that will generate the greatest returns.

As a valued partner, we often spend time with our great customers to help them develop new growth plans. With one such company, the meeting included accountants and operations managers, and we developed a simple but comprehensive fleet turnover policy. This initial, modest time investment yielded thousands of dollars in immediate savings, and it maximized the lifespan of every piece of equipment.  With another customer, we helped streamline their alternative fuel tax credit process, enabling the business to take advantage of major year-end savings and free up funds for other use.

Through all of these client experiences, we at NiteHawk have learned the tremendous advantages of conscious planning efforts. Not only have our clients saved money; they’ve improved their company cultures. Involving different employees in the planning process shows that you value their input and are invested in their future, as well as the future of the company.  It is incredible how much growth and improvement can happen when you get the right players in the room all working toward the same goals.

If we can assist you and your company in the planning process, please reach out. We would love to hear from you.