As we enter the fourth and final quarter of 2019, businesses need to make sure that their financial reporting and dividend payments are accurate so that they can enter the new year worry-free. In order to have a clean slate for the new year, your business needs to have certain procedures in place – like scheduled shredding and scanning services. Is your business ready for the fourth quarter?
What are Standard Business Practices for the Fourth Quarter?
Most businesses start out their year with a clear budget in mind for what they plan to spend over the four quarters. Statistics have shown that the fourth quarter marks an increase in agency spending compared to other quarters. This is due to the fact that, if the business has done the proper budget planning, then they’ll have a little wiggle room at the end of the year for extra spending.
This is the perfect time for businesses to shop for a reliable paper shredding provider. With the amount of paperwork that an office goes through on a day to day basis, it can be difficult to maintain an organized workspace. A document destruction company like PROSHRED® DFW offers custom plans that work with any budget.
If your budget includes renting out a storage space to safely house your old files, you can save money by digitizing your documents. PROSHRED® DFW offers scanning services to businesses both large and small who need to clear out space that old files are taking up. We will scan all of your documents and organize them onto a single hard drive so that they’re easy to find. Learn more about our scanning services by contacting us today.
Double Checking Numbers and Disposing of Old Reports
A company, whether new or old, has one primary goal in mind: growth. One of the best ways to expand a business is to see what’s working and what’s not. The data contained in quarterly reports showcases a business’ wins and losses.
For the most accurate results, it’s best to compare a quarter with its past counterpart. If you know that your business is busiest in the Fall and slowest in the Spring, then comparing the numbers contained in the second and fourth quarter reports won’t properly reflect whether your business has grown. However, if you compare past and current reports for the same quarter, you will be able to get a more accurate reading of how well your business is improving.
If you’ve printed the wrong reports when you’re getting your comparisons ready, remember to not throw away these documents. Oftentimes, sensitive information is contained in these files that can hurt your company if it falls into the wrong hands. PROSHRED® DFW provides affordable financial record shredding for businesses all year long.
Keep in mind that different industries thrive during different seasons. Depending on your market, you may see a spike in productivity and revenue during specific months of the year that coincide with your target consumer’s average activities. A slow month that is reflected in a quarterly report doesn’t necessarily mean you’ve done something wrong. At the end of the day, industry trends will drive profit margin.
Preparing for The New Year
Comparing quarterly reports with seasonal consumer spending and market trends will allow you to create a successful business plan for the new year. The fourth quarter is the perfect time to reflect on your business’ impact on the market, and how you can improve your numbers on the next report.
As you plan your budget and business plan for the next year, here are some tactics to consider:
- Cutting unnecessary expenses
- Implementing better organization procedures
- Clearing out outdated or inaccurate reports
- Saving space by digitizing old documents
Did you know that you can carry out all of these business tactics at once? PROSHRED® DFW provides on-site shredding and document destruction services – as well as scanning solutions – for businesses across Dallas and surrounding cities. Our shredding solutions are fast, affordable, and allow you to rid your office of old files without ever leaving your door.
An on-going service plan with PROSHRED® DFW features state-of-the-art shred trucks that will come to your location on a regular basis to help free your office of unwanted clutter. We provide you with consoles for your old files, which our certified technicians will pick up and properly dispose of on your scheduled service date.
Let PROSHRED® DFW help your business carry out successful procedures during the fourth quarter this year. Call us to learn more! 1-972-232-7251