In this episode of Protea Weekly, Zane Stevens discusses the critical importance of planning for Q4 and the upcoming year-end close for small business owners. He emphasizes the need for strategic planning to ensure success in 2025, the value of building a supportive team, and the necessity of engaging with financial partners such as accountants and bankers. Zane also highlights the importance of budgeting, understanding compliance deadlines, and preparing for the holiday season, all while reflecting on business performance to set the stage for future success.
Takeaways
- Planning is crucial for setting up success in business.
- Business owners should regularly review financial statements.
- Engaging with accountants and bankers is essential for year-end success.
- Building a strong team is vital for business growth.
- Budgeting should be done in Q4 for the upcoming year.
- Compliance deadlines must be understood and met.
- The holiday season can complicate business operations.
- Reflecting on past performance helps in future planning.
- Communication with financial partners is key to avoiding surprises.
- A proactive approach in Q4 can lead to a successful 2025.
Sound Bites
“We’re working to the goal of setting ourselves up for success.”
“Having a good team sets you up for success.”
“Ask your service provider what you can do to help them.”
Chapters
00:00 Preparing for Q4 and Year-End Success
02:51 Strategic Planning for 2025
06:05 Building a Supportive Team
09:10 Engaging with Financial Partners
11:52 Budgeting and Compliance Deadlines
15:00 Navigating the Holiday Season
18:03 Reflecting on Business Performance
20:52 Setting Up for Future Success
