Topic: What is your opinion on starting a business at the last quarter of the year? (2) (Read 748 times)

Anyone that thinks that last quarter of the year is a time to spend or squander is not financially wise, there is no stipulated time for anyone to startup a business so I don't see anything wrong if anyone decides to startup a business at the last quarter of the year, let's consider somethings, what if the person involved has been prepared for a long time and because of financial constraints he or she couldn't startup early and may be finally get the amount needed for the business at the last quarter of the year, will he want to give excuses to himself that he needed to spend considering the fact that it's a festive season, I think the answer for me should be a big NO because we are talking about investment which we all know that such opportunity may not come again in a life time.

Average income earners also have savings so whichever way money may enter there pucket through the money they have been saving from the beginning of the year till the last quarter, so for me it will be very advisable for such persons to startup the business without looking back since it has been planned because festive period don't multiply money already spent, the only way such individuals can be a bit sure of multiplying their money gradually is by starting up a business though it also depends on the business but be it as it may starting up a business is better than spending unnecessarily in the name of festive period shit.

That's what's awaited, every businessman must pay attention to all of that, they will do their best and promote, that's the idea they think about, especially at the end of the year, I think that's a business strategy to attract people to be more interested, at least so they know the business we are running.

Starting a business can be done next to your job. If it catches on you quit the day job. If not you are glad you didn't and the likelihood it fails, let alone you can live of it, is not that big. See below quoted stats.



https://www.entrepreneur.com/starting-a-business/the-true-failure-rate-of-small-businesses/361350

Agreed but the period which you're start the business can be a big influence in your business making profits or not. Starting a festive related business during the summer won't give you profits as no one will be interested in buying what you are selling. Selling ice cream in the winter that there's cold everywhere wouldn't give you profits for you business but starting that business in the hot season that people will be looking for things to cool them down can make you so much profits.

Knowing what your customers want and when they want it can help you make money. There are many business starting everyday and also many closing everyday hence when you aren't ready because you haven't done your research on the business, don't start that business yet.

True. Seasonal businesses are often affected by natural factors. These factors affect the location, the customers, and other amenities to keep the business going. Have you ever wondered what will happen to businesses that are seasonal? Of course, it means that such businesses we closed on the worst season they experience and come back in seasons that are more favorable. There is no way they dont lose money over rent as well as customers. Come to think of it, the staff working there. They will lose their jobs as well.

On a norms the festive season is a period to sell goods at a very fair price and gather enough money for the new year but then beginning a business at this point it's a no for me because, looking at the economic state and the rise in price of goods and services it's definitely hard to get gains for your business, so my opinion is it's better of to reserve such plans for the upcoming year.

One can start a business at any time of the year, some business people also focuses on doing their business at the end of the year because they believe that such is close to the festive seasons and also marks the end of the year, whereby people will want to buy and sell and business transaction at such period is mostly profitable, we have to be selective in the kind of business in consideration and the strategic location for it to be able to control crowd for patronage.

Yes, the success of a business depends on its investment and opening timing. If you are going to do any business we must work hard in it because otherwise we can't success in business. because the way it is the harder you work the more money you get. But the important things is family encourages him in the business because that's what it all about. If we start making it a priority from today, we will succeed. if we don't want to succeed at it, we will waste our labor by working in the job. do any business but it should be hard work and patience otherwise you will not be successful in it because in this thing it makes a lot of sense.

Every last quarter of the year seems to be a tradition to spend just to be prepared and in for the holidays. Times have changed, it's up to how you're living whether you want to celebrate extravagantly or not. I am not saying not to spend some money on it but a small celebration is more than enough and that's already add happiness to your life if this year has been fruitful to you. Starting a business, if you're not yet ready you better not. Don't force yourself to enter into ventures that you're not prepared. It's better to learn and do case studies first before going in. Because this is also the season where people think that every business and venture will click but they're not, not all of them.

Starting business in this quarter of the year is actually not a reasonable idea considering the floating of the Naira and it’s fall. This means you will hardly make profit rather you will make lose and might eventually cause you some mental or emotional problems. My advice is you desist from it m,instead wait till the new year as put your plan inaction.

Should a business be situated based on the last quarter of the year? Unless it's about Christmas gifts and presents, starting out a fresh venture should be targeted on the long term. Also how to run it, outsmart competitors and providing the best for customers. However, this period of the year is actually filled with opportunities and openings, more people are ready to purchase new items, and brands make more sales.

Begining at this moment isn't proper because the business will begin to pick up around January or February. As buyers or consumers won't know it immediately.

Precisely because a lot of money moves at the end of the year I would consider such a period a good time to start a business, especially if the business that a person wants to create has something to do with the holidays, with the first quarter of every year probably being the worst to do this, since at the time not only people are short on cash and they are trying to find ways to get by, but in many countries this is when taxes need to be paid, so there is not a lot of money at the disposal of most people.

My opinion: If the plan from the time the year began was to start a business by the last quarter and every mechanism are in place to do it then start. If it wasn't the plan and the average income earner wants to do it because they just thought about then don't. Starting a business is easy anyone can do it but sustaining it is hard. Even if the average income earner is a billionaire without a plan the business would be more of a non-profit than a for-profit. To add further anyone who starts a business at the last quarter may make some sales because that is the time of the month where sales increases because people are willing to spend and the business owner will think that they are doing well but when the holiday season is over and sales drops, that is when the business person will know that business is not for the fainthearted.

It also depends on the location, in my opinion. You might think that putting up a business related to summer or the beach would not do well during the winter season but I am from a tropical country and our beaches are still packed with people or tourists even at this time of the year. It is not really that cold even during Christmas. Though of course weather conditions need to be considered.

But anyway my point is sometimes even if the business seems to depend a lot on the season, it can still do well depending on its location.

this is not entirely true for so many obvious reasons. There are a lot of businesses that are seasonal and get affected by the location you even situate it. If you start them at the wrong time, you might end up experiencing huge losses compaired to when you've made proper planning and starts it at the right time. Clothing, building materials, items for occasion, food business and transportation business and those kind of business that booms during the last quarter of the year because of the high demand that's placed on them during that time. Outside of that, businesses like school materials sales and materials that are rain related suffers during the last quarter of the year due to shift in attention from that sector.

Having a targeted audience while planning to start of a business in the last quarter of the year is key to a successful business and if that's well sorted out, you could end up getting the highest number sales before the quarter comes to a close.

I think opening up a business in the last quarter is an opportunity and a challenge all at once, especially for people with average incomes. In my experience, Q4 is usually a very high spending season, as holidays are in full swing, and January is usually the month when people are highly conscious of their finances after excessive end-of-year spending. It may sound sensible, but the opposite holds good for certain businesses, which use Q4 as a ramp to begin afresh. Many companies view this period as an opportunity to set up their brand for when they want to go big in January, where consumers start afresh with a desire probably for new products and services.

With that said, economic uncertainty does still exist this year, and things such as high interest rates, combined with inflation, are cooling consumer spending and making cautious budgeting a priority for many. Targeting a niche, keeping needless expenses to a minimum, and prioritizing cash flow, if the business can do all of these things, a Q4 launch that is well prepared might just let it capture holiday sales and get a head start on the slower January period.

If we are talking about holiday businesses here, maybe that will definitely work and create good progress. Like putting a shop that offers decorations and cater events, selling holiday figurines, or offers party goods and services  during holiday season, then people will line up in your shop or business stall. But one thing is certain, the success of your business does not depend on when you open it, but more likely the expertise and motivation you put into your business and the amount of your funds you start to establish your business.

Yeah. As a business starter, a lot needs to be considered by you; if not, it will be very difficult for you to have a good profit or to even succeed in the business. Most especially if your business will involve a lot of consumers, because they are businesses that deal with less demand with higher profits. When setting up a new business without knowledge of it, then there is a 70% chance that you will fail in it unless you already have someone by your side that knows a lot about the business. Which might help you a bit; that is why it is always encouraged before starting a business to make sure you have adequate research on it first; if not, it will be a regret for you.

Anyone can startup a business,but then it deals with the niche and sector the individual intends to venture.There're a lot to consider as well,likes of the competitiveness,demand,location,suppliers,strategies and alot of them.A lots of factors needs to be considered and laid down properly to avoid unexpected lapses and future inconveniences.

Since the last quarter of the year is time for the festive period, looking at starting up a new business will be an idea since there will be a whole lot of demand for people who want the last quarter of the year to be a memorable one for them.

The last quarter of the year is the time when people want to look good, celebrate, and jollificate with their relatives. Those who have cloth line businesses and bar joints are the ones whose businesses at that time would flourish. Looking at that area of business "cloth line and bar joints" will go well