5 Ideas for Re-Investing Your Q4 and Holiday Profits

Thanks to Black Friday, Cyber Monday, year-end sales, and shoppers hunting for holiday gifts, Q4 is often the most profitable time of year for businesses. Re-investing these seasonal earnings is one of the best ways to ensure the continued growth of your business while also helping prepare for the potential inconsistencies in sales at the start of a new year.

Here are 5 ideas for where you can re-invest your Q4 profits:

Inventory: which products or services contribute most to your bottom line? Which seem to go out of stock most often? Investing in inventory is a great way to take preventative measures against going out of stock, relying on shipping times from suppliers, and taking advantage of current market rates.
Marketing: The beginning of a new year is a great time to develop a new marketing plan. You could decide to launch a new social or digital ad campaign, or you could conduct market research or even a small sampling of trusted clients or customers to see where or how you can improve in the coming year.
Employees: There are several ways you can invest in employees; from raising wages to expanding your workforce. If you found yourself overwhelmed with work, consider how you might be able to outsource or delegate tasks to a new employee. Or, consider giving your current employees a bonus using points from your rewards credit card. Losing employees can be costly; so it’s important to keep your current employees happy and recognize their efforts.
Equipment: Did the busy season cause wear and tear on your equipment? Perhaps the laptop you’ve been using for years to run your business could use an upgrade. Consider how you might be able to replace, add to, or upgrade your equipment to make your business more efficient.
Cash Buffer: Sometimes the best way to re-invest money is to not spend it at all. Consider setting aside some of your profits to start or contribute towards an emergency fund. Having funds to help cover unforeseen circumstances is a certain way to protect your business.

Can’t figure out where you should re-invest? L ook at the most pressing issues and constantly analyze your business functions. Re-invest your money into areas of your business that need a boost!

Stories of Ascension is back with 6 brand-new videos!
Click to watch, and learn more about a few of the incredible businesses that successfully navigated the pandemic with Ascendus.

Kindred Spirit Gifts is a female-owned small business with a tagline “gifts of gratitude, gifts with attitude”. They opened their doors in October 2018, with a mission to support other female-led businesses and vendors who support social causes.

Kazumi Garden is where nature meets art. Offering beautiful and artfully crafted plant displays, they envision a world where people are more connected with nature and their inner self.

Harlem Chocolate Factory is an artisan chocolate company that conveys the various cultural experiences of Harlem through their chocolate products. Founded in 2015, their goal is bring diverse voices to the forefront of the chocolate industry.

Get Ready Business Line of Credit

No FICO minimum! This line of credit product is designed for African American small business owners ready to improve their credit and invest in their business. Starts at $500 for the first 6 months and grows to $5,000 with good repayment and completion of a credit action plan. Offered at 13.99%.

Ascendus Credit Coaching

Free tailored credit coaching for all current clients that are interested in our Get Ready Loan product. Training sessions will include credit building, debt management tailored to long- and short-term goals, prioritizing debt repayment, budget assessment, and assessment for current credit building programs.

Chase Mentorship Program

Chase supports minority entrepreneurs to achieve their goals by providing accessible education, coaching, and banking solutions to business owners.

Small Business Flex Fund

Supported by the Washington State Department of Commerce, the SBFF helps small businesses and nonprofits access funds at a competitive interest rate.

CT Small Business Boost Fund

Supported by the Connecticut Department of Economic & Community Development, this fund links Connecticut small businesses and nonprofits to financial support.

Childcare Business Development

Ascendus is now offering loans up to $50,000 for licensed childcare businesses at a 9.99% interest rate. Qualified Businesses can be located nationwide, excluding Vermont. If you have been in business for more than three years, you can access up to $20,000 in fast-track financing at the same interest rate within 48 hours. No paperwork is required to apply.

Rideshare Business Term Loan

Loans up to $15,000 in financing for rideshare businesses are offered at 9.99%. Qualified businesses will be in CT, MA, ME, NH, NJ, NY, or RI. Or access a line of credit up to $10,000 in fast-track financing at the same interest rate.

RFLF

0% loans up to $50,000 with only $25 monthly payments for the first 12 months for restaurants creating safe and equitable work environments for their employees.

TrustPlus

One-on-one Personal Finance Coaching where and when you need it, available through our partnership with TrustPlus, a national nonprofit with three decades of experience.

New York State COVID-19 Pandemic Recovery Grant

NY Seed Fund

The New York State Seed Funding Grant Program (the “Program”) was created to aid early-stage small businesses to succeed in a recovering New York State economy. Grants up to $25,000.