What to Lock In While Options Are Open
As the year closes and December 11 approaches, some decisions are cheaper and safer to make now than in the compressed days afterward. Building on the Q1 budget and countdown planning discussed elsewhere in this publication, year-end planning is about securing the commitments that protect you under any scenario.
Suppliers and Inventory
Confirm supplier terms and delivery schedules through the holidays. Decide inventory levels for Q1 using the forecasting approach discussed earlier, and consider staging orders so you can adjust.
Customers and Contracts
Renew or renegotiate key customer agreements while relationships are active, and make sure terms address regulatory change.
People and Capacity
Plan holiday staffing and coverage for the days around December 11, including who is on call to respond.
Compliance and Documentation
- Renew licenses and certifications that expire near year end
- Refresh COAs and supplier documentation
- Complete any pending audits or training
Finance
Review insurance and credit facilities, confirm cash reserves, and prepare year-end reporting and tax planning with your advisers.
Communicate
Tell customers, suppliers, and staff your holiday schedule and how you will keep them informed if things change.
Low Gravity Hemp is finalizing its own year-end commitments and can help partners align. Contact us to coordinate.
