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ESB Financial Mid-Year Business Finance Checklist

July marks the halfway point of the year—and that means it’s time to check in on your business finances. Whether your first half was strong or you faced challenges, a mid-year review can help you adjust your strategy and finish 2025 with clarity and momentum.

Here are seven key areas every business owner should review this month.

• Are you on track to hit your revenue targets?

• Do your current goals still reflect the direction of your business?

• Any major changes in products, services, or market demand?

Tip: Revise your plan now to avoid year-end pressure.

• Are your monthly inflows exceeding outflows?

• Have your expenses increased in certain areas?

• Are there subscriptions or costs that can be trimmed?

Tip: A cash flow forecast can help you plan for seasonal highs and lows.

• Do you have reserves for slow periods or emergencies?

• Is a business line of credit or savings account in place?

Tip: Having a cushion can help you seize unexpected opportunities or ride out tough months.

• What is your business credit score?

• Are you planning to apply for a loan soon?

• Have you kept up with loan or credit payments?

Tip: Talk to your banker about financing options before you need them.

• Can you refinance any loans to save on interest?

• Are you managing short-term debt effectively?

Tip: Set reminders for payment due dates and track total debt-to-revenue ratio.

• Are you reinvesting into technology, staff, or new products?

• Are you prepared for year-end hiring, expansion, or upgrades?

Tip: Budget now for capital improvements or marketing pushes in Q4.

• Have you scheduled your year-end CPA meeting?

• Are you tracking deductible expenses?

• Do you need to plan for bonus payouts, inventory purchases, or benefit changes?

Tip: Use this time to proactively prepare—not scramble in December.