Home » Blog » Infographic: Is it worth opening your doors on a public holiday?

Infographic: Is it worth opening your doors on a public holiday?

Infographic: Is it worth opening on a public holiday? | Prospa

What’s not to love about a public holiday? Sleep-ins, traffic-free roads and the warm glow of relaxation – unless you happen to be a small business owner.

In that case, it’s hard to forget about the fact that a shorter week of trading doesn’t mean that rent and other expenses also get trimmed.

The decision of whether to open your doors or not on a public holiday can be a fraught one – opening often means paying higher penalty rates, but foot traffic can be unpredictable. Yet, staying shut means losing a day of trading, putting pressure on cash flow.

Every business (and every public holiday) is different, so there’s no magic formula for determining whether it’s worth your while to forgo the lure of a backyard barbecue in favour of opening up shop, but there are some key considerations that need to be factored into your decision.

Infographic: Is it worth opening on a public holiday? | Prospa

If you need a little financial help to tide you over during the quiet holiday period, talk to Prospa about how a business line of credit might be able to help support cash flow.

Primary CTA illustration
2021 is yours for the taking with a Prospa Small Business Loan, with funding possible in 24 hours. You've got this!
Apply now
Primary CTA icon
2021 is yours for the taking with a Prospa Small Business Loan, with funding possible in 24 hours. You've got this!

The information in this post is provided for general information only and does not take into account your personal situation. Nothing contained in this post constitutes advice or an endorsement or recommendation of any kind by Prospa. Any links to third party websites are strictly for informational purposes only. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from financial, legal and taxation advisors. Although every effort has been made to verify the accuracy of the information as at the date of publication, Prospa, its officers, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy, or omission from the information for any reason, including due to the passage of time, or any loss or damage suffered by any person directly or indirectly through relying on this information.

Keep reading

How to stop chasing invoices and start getting paid

03 March 2021 | 2 min read

Practical tips from small business owners to help you manage the COVID-related surge in late payments and reduce an outstanding balance.

View more

5 ways to prepare your business for the end of JobKeeper

22 February 2021 | 4 min read

We spoke to accountant Peter Knight and small business owner Louise Lashlie about how to prepare now for the end of JobKeeper on 28 March 2021.

View more

New year, new you: Set your business up for financial success in 2021

16 December 2020 | 5 min read

New year, new you! Now is the time to wipe the slate clean and get on top of your business finances so you can charge into 2021 full steam ahead.

View more

Subscribe to the Prospa Blog

Be inspired! Sign up to Prospa’s newsletter to receive tips, tools and small business success stories straight to your inbox.