It’s August, and for many of us with children we know it’s time to get in one last bit of relaxation this summer. If you live in Florida for many of you like myself there’s only one or two weeks left of summer vacation. So enjoy the beach, have a couple of late mornings and get ready for the back to school schedules.
On the work side for many self-employed professionals summer is normally the time when things slow down for us. It’s also a good time to get your office back in order and ready for business for the next push of the year. My work tips for August:
- Get your finances in order – August is a great time while it’s slow going to update all your bookkeeping/accountig. Round-up any stray unpaid invoices from customers if you have any. Do your bank recons so you have a idea where you stand financially and what you need to do to meet your end of year financial goal. Hire a bookkeeper if you don’t have the time, patience or software to do your finances by yourself, or they are too out of control for you to deal with. However you decide to deal with your finances set a deadline for August 31 to get it all done and ready for the last months of the year.
- Schedules – If you have kids then your work from home schedule is going to be really important. Be realistic about what you can do and when you can do it. For many of us our best work time is when the kids have gone to school. That will give you a good 6 to 8 hours of focused work time, so use it wisely.
- Be flexible – Although you’ve got a schedule it’s always good to be flexible because life happens.
- Home Office or work space – Over time our work areas get cluttered, it’s natural. While its slow take a couple of hours to tidy up, put files in their place and shred all that unwanted paper that is cluttering up your space and make it workable again 🙂 Don’t forget your computers too, we tend to drop a lot of stuff on our destops, so file those away too.
- Finally have fun – Enjoy the last few days of family relaxing time before everything goes haywire again. Have fun and head outdoors, go to the beach or bike riding, but have some more fun before school and work get back in full swing.
Happy summer and have a great August.
Finally tax day has come and gone, and now my brain can vacate for a few days. It’s been a busy few weeks but was well worth it. Now to relax into a more steady work schedule.
I can never say this enough having your accounts in order whether they’re done by you or a bookkeeper/accountant, it’s so much easier when it comes to taxes and annual accounts. Doing your accounts ever month, every quarter or even six months will be beneficial to you the business owner/independent contractor in that it helps you keep track of what your income and expenses are. It also lessens the stress when it comes to doing your annual accounts and your profit and loss statements and other reports that you need at the end of your financial year.
So if you haven’t done your first quarter accounting, now would be a good time to get it done or hire a bookkeeper to do it for you.
Enjoy the week.
Althea – VYPA
As we come to the close of the summer, there are those of us that are getting the kids ready to go off to school, or they have already done a couple weeks already depending where in the world you are. And a little down time is needed to catch our breath and regroup our thoughts. As entrepreneurs, self-employed persons, or independent contracted workers the end of the summer period can see an up take in our businesses and so it’s a good idea to just take a little break from everything and refocus your thoughts on your business for the last few months of the year.
In many industries summer is historically a slow period for self-employed professionals. For me personally I always used this time to look at business operations, catch up on administrative tasks, and to refocus my goals for the end of the year. This advice I would give to anyone who is self-employed or running your own business, take the summer to sort yourself out. As I’m writing this post I am taking a little break from all the emails, clients, and work related stuff, and just thought I would take the time to say to you all out there, “Take a little Break,” maybe it’s two days or two weeks. Have a little fun, regroup your thoughts and get ready to go full steam ahead with the final months of the year ahead of us.
Enjoy the last days of summer.
Althea – VYPA