Mid-Year Tune-Up: 5 Financial Moves to Strengthen Your Business Before Year-End
June marks the halfway point of the year—and that makes it the perfect time to hit “pause” and evaluate how your business is performing financially.
Whether the first half of 2025 exceeded your expectations or felt like a rollercoaster, a mid-year financial check-up can help you fine-tune your strategies, address red flags, and make sure you’re set up for success through year-end.
At Bank Plus, we work with local Iowa businesses every day to help them grow stronger and more financially sound. Here are five smart steps you can take right now to check in on your business’s financial health.
1. Review Your Financial Statements
Your financial statements tell the real story of your business—so don’t skip this step.
Make time to thoroughly review your:
- Balance sheet
- Income statement (P&L)
- Cash flow statement
Look for:
- Unusual expenses or spending spikes
- Areas of unexpected growth or loss
- Trends in revenue or inventory costs
- Discrepancies that need attention
By keeping a pulse on your key metrics, you can catch potential issues before they grow—and make more informed decisions moving forward.
2. Reassess and Update Your Budget
If your original 2025 budget doesn’t match up with real-world results so far, you’re not alone.
That’s why a mid-year budget review is so helpful. Use this opportunity to:
- Compare budgeted vs. actual income and expenses
- Identify which categories are over or under budget
- Reallocate funds where they’ll have the most impact
An updated budget allows you to stay flexible and respond proactively as your business shifts with the seasons.
3. Analyze Your Cash Flow
Your cash flow is the lifeblood of your business.
Even if sales are strong, poor cash flow can make it hard to cover payroll, purchase supplies, or invest in growth. At mid-year, dig into your numbers to assess:
- When cash is coming in vs. going out
- Any seasonal slowdowns or delays in receivables
- Opportunities to speed up payments or reduce expenses
If gaps are showing up, talk with your banker about solutions like short-term lines of credit or cash management tools that can help.
4. Revisit Your Debt Strategy
Smart debt management is essential for financial stability—and mid-year is a great time to reassess your approach.
Ask yourself:
- Are we carrying the right amount of debt for our size and goals?
- Are our loan terms still competitive in today’s market?
- Could refinancing help us lower monthly payments or free up cash?
If you haven’t checked in on your loan structure or interest rates lately, now’s a great time to talk to a local lender at Bank Plus about ways to optimize your debt strategy.
5. Plan Ahead for Growth
Looking ahead to the second half of the year, what do you want to achieve?
Take time to revisit your business goals and growth plans, and make sure your finances can support them.
- Is there new equipment you need to invest in?
- Are you planning to expand your team or space?
- Are there upcoming expenses you should start preparing for now?
Aligning your growth plans with your financial reality is key—and we’re here to help you build a path forward.
Get Local Support for Your Business Goals
Running a successful business means constantly adjusting, planning, and staying financially sharp. A mid-year financial check-up can give you the clarity and confidence to finish 2025 strong.
At Bank Plus, we understand the ups and downs of doing business in Iowa—because we live and work here too. Our local team is ready to help you review your numbers, explore financing options, and set your business up for long-term success.
Let’s talk about your goals and how we can help. Visit a branch near you or get started online at bankplusiowa.com.