Make a plan

Closing your business triggers a series of events. You will need to let people know; for example, your customers, your employees, your suppliers. You may need to end lease agreements and other agreements you have in place. You’ll need to finalise your tax and super, and legal obligations. There will likely be loose ends you will need to deal with like phone disconnection, mail redirection and storing records. Most importantly you’ll want to look after yourself, closing a small business can be an emotional and stressful time. Creating a plan, knowing what to do and when can help reduce the stress.