Topic: What is your opinion on starting a business at the last quarter of the year? (2) - page 2. (Read 1058 times)

I don't agree with that opinion, of course you should enjoy the holidays with your loved ones and that will have a lot to do with money, but you have to spend moderately, it is not wise to spend above your means because of the festive period. Anytime is a perfect time to start a business, as long as you have knowledge of the business you want to start and you have the necessary capital to kick start it.

You need to do research on what type of business you will do and when this type will be popular or whether it will generate income in some months or every month of the year. There is no specific time to start a business, but there are some things to consider about what kind of business to start at certain times.

New Year's gifts received towards the end of the year can give many people business ideas. You can estimate how long this business will generate income. Capital is required to start a business, but when you have capital, it is also an important issue to spend this capital on which business.

The last quarter of the year can be a mixed period, depending on the circumstances. On the one hand, it is often seen as a time to save money, especially due to the holidays and the potential financial strain afterward. On the other hand, it can also open up business opportunities, especially if you're launching something related to holiday spending or specific year-end needs. And for example business card digital always has to be perfect. However, for middle-income earners, starting a business at this time can be riskier than usual due to the costs associated with the season and the general financial pressures people face. It may be worth proceeding with caution, ensuring you have a solid financial cushion and a well thought out plan.

It all depends on the type of business. For example, it is silly to start an ice cream business at the end of the year (this business is unlikely to be profitable in the cold season), but it is better to switch to selling hot chocolate (it is necessary to offer something seasonal to the buyer).

If holidays are approaching, then people will be ready to spend money on those goods and services that are associated with these holidays. For example, Christmas and New Year. If the business is associated with such activities, then problems with starting a business in the last quarter of the year will not be a problem. But it should be taken into account that people have a limited budget for spending, which means that after spending savings on the holidays, people will not have money left for other purchases. Above, you yourself said that January is traditionally a difficult month (post-holiday poverty). Therefore, it may turn out that it is better to hold off on starting a business until February-March.

It is difficult to assess possible risks when it is not known what kind of business is supposed to be started.

I don't see anything wrong with it. There are businessmen who started their business during the end of the year in time for the holidays, like food for the holidays, gift shops, and restaurants specific for the holidays. The end of the year is the best time to invest if your business is related to holidays, because this is the time of the year where people give gifts for their loved ones.

Actually it could really be considered out to be one of the factors on which a certain owner will really be trying out to make up some business specially if the type of business would really be that relevant into  such season or holiday events which we know that it will really be that usually happening on Q4 but its true that when making up a business then it wont really be something that will really be that speaking about the duration or simply talks about the time or on when they would really be running up such thing. The most important factor on which makes a certain business owner will really be that doing so is on the time or moment that they will really be handling out the business on the moment that it do launches. We do know that business handling is never been that easy and never been that guaranteeing some success on the moment
that you do ran it out.

I dont know if there would really be some individuals who do really that believing into something when running up a business in the end of the year but its really just that actually be depending on when they will really be running it out. There would really be those times or moment that you will really be trying out to apply into the things on whats running up into your mind. So therefore it will really be that something
that differs to each other when it comes into this aspect.

The last quarter of the year is a tricky one in terms of finances. You are asking this community whether to spend money on the holidays or start a business. The answer is very clear, all the people in this forum will definitely prefer the business idea and will say to save the money from buying useless and extra things. In this quarter, a person will save a huge amount of money just to enjoy the holidays and go shopping, which will end up depleting all their savings. As a result, the following January will be very tough as they have washed away their savings. On the other hand, starting a business will be more profitable to cover the festival expenses, and if it gains some more profits, it can expand on a larger scale. But before starting any business in this quarter, be a responsible person and check your balance before proceeding.

By the looks of it there are a lot of people who are looking at these things way too personally and I believe that we are not going to end up with figuring it out here. The reality is that it depends on the business idea, it depends on the person, and it depends on the market. Any of that could break this and could make it as well.

The right combination could make this work and we could see the business start on December and be a success on January, and that is why we would say that you should. But at the same time, a wrong combination could cause it to start on December and end up being a bankruptcy on January as well. There is no good result here without knowing every single data and we can't really make it work any other way. We should focus on individual ideas, instead of a general vague concept.

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.