Topic: What is your opinion on starting a business at the last quarter of the year? (2) - page 4. (Read 1058 times)

Maybe the answer to this will vary depending on the condition of an individual. There are those who still open a business at the end of the year like now, because they feel that their money is enough and they have an analysis that they can quickly return their capital when the business runs according to plan. However, there are also those who choose to be more careful when they want to spend money at the end of the year, because they think that it is better to save to welcome the new year and Christmas that are approaching, or to be on guard when the economy experiences inflation which usually occurs at the end of the year and the beginning of the year. And for me personally, I prefer to be more careful spending money at the end of the year to be on guard against economic conditions or something urgent, because it is better to be prepared than to be confused later.

Starting a business is more like an investment, which implies that before one go into any investment, they must have weighed the risk and profit and also understand what the possible outcome of their investment can be. So, in my opinion it doesn't really matter when one is starting a business but the question should be, will the business do well in that season? And are you sure it's the right time to go into such business? If you can answer those questions with all sincerity, then you  will decide if you will start the business or not.

for the most part, business do well during the festivities and by that, it means that starting a business at this time wouldn't be a bad idea though it will still depend on the kind of business you're looking at.

Most house hold related business like sales of foodstuffs, kitchen items, and even sales of cloths experience increase in price from November upwards so if you're able to stuck up your shop before the price of most of the items doubles up due to increase in demand, you can as well enjoy a good start in your business. The best thing I will likely do if I'm starting a business by this time of the year is to set it up to run for just an interval of the remaining part of the year so it doesn't get to January when market usually slows down. Start small and watch how the process goes and then within the next three months or so into the new Year you should have understood the basic things involved in the business and you can now increase your business strength by then

Starting a business at the last quarter of the year can be profitable, but we must try as well to be careful because during these period alot of things usually happens. For a person who has never started business for the first time and want to start business this period he/she needs to be careful otherwise he may get scammed as a new business person. New business men and women are easily tricked and sold fake things and they may lose instead of gain. So they need to be careful and do more  research than diving into it.

It depends on the type of business because some businesses have season. If you want to start a business in the last quarter of the year, then fashion business, hospitality business, and food products are some of the areas that will be in high demand. Another factor too is the environment you want to site the business. You must study the environment to see if such business can thrive there putting in mind factors such as their cultural, religious believes and others. So, it comes down to doing proper market research backed by value proposition that will be able to survive any competition that may arise.

Starting a business towards the ending quarter of the year should be a business that should be centered more on what people wants during the festive periods because people are literally more concerned about things they need for Christmas celebrations for Christians and what moves the market within this periods are musical instruments, fancy lightening facilities like disco lights and clothings, handbags, shoes, etc so if one ventures in businesses related to the things i have just mentioned, they are most likely to make a lot of profits during the festive periods because the demands for those things are extremely high within the last quarter of each year.

It does not matter when you start your business. What matters is if you have a good business idea and that it will work in real life. Then you have to prepare yourself to work hard in the beginning to make it work . If your business idea is good and you do what you need to do to get it rolling it does not matter at what time of the year you start it.

I have also gone through OP and there isn't any definite things stated about the business he want to start and from the things you stated, I'm not sure it will have any effect as you don't know OP business. There are some business you can do in Q4 of the year and your business will succeed and there can be a business one can start early stage of the year and will not do well, it's all about perspective or point of view about what you want to do.

Like right now here in my place, this is the best time to venture into agricultural produce in my place because we are now in dry season which means this is the best time for harvest where grains are going to be cheap, you can buy this item cheaper and hold them after the harvest and then sell them again after some months to make your money and since there is instability here, there is high tendency of price rocketing later when there is food shortage in the country.

Totally depends on you and since you've said that if you are an average earner then it is really that needing up that self control when it comes on how to handle your finances specially if this is really that pertaining into the amount on which you would really be that using when it comes to business making or investment on which you do plan to build up. If you are really that trying out to launch or make it happen on Q4 of the year then it would really be that up to you.If you are scared into those possible expenses about festivities and other events then you are the ones whose the problem, because if you are really that eager and serious on building up a business then there's no question about on skipping out the holiday season and would be pursuing on trying out to launch or make your business happen. For me, i would be starting up on the start of the year.
Why? When it comes to licensing, tax reports or something then i would be prefering that this one should be starting on January and you do automatically thinking up that in every 1st month of the year then here comes your renewal. The thing that you should be bothered on is on how you would be running up an effective business because this what matter the most because doesnt matter on which time of the year you would really be trying to launch but still there's no guarantee about success that we are really that talking into.

This is a tough question. Do you have the starter capital? Do you have enough experience to start a business? How long can you hodl on in case the business doesn’t make money for a while? If you feel right with these questions then it probably doesn’t matter that much when you start your business.

Tough times come and go. This is not the first recession we had and it won’t be the last. The world was about to end in 2020 and guess what it didn’t. We had 2 world wars in the past and we are still alive. This will come and go too and people will keep making money.

Starting a business at the end of the year depends on your kind of business, your location, and your goals. What type of business do you have? Is it seasonal, like festive period or Thanksgiving sales? Are you into Christmas outfits, gifts, and decors, or Thanksgiving outfits, gifts, and event management? What exactly is your business about?

Do you need scaling up from the beginning to the end of the year? Consider your location: does it welcome that kind of business, beyond the bare minimum? Is it a business that thrives well in your location, with security for that business? Is the location safe from potential robbers or harassers?

What are your goals for that business? If it's a festive business like Christmas, do you aim to drive a lot of sales or publicity? Additionally, what's your plan for marketing that business? It takes time for people to trust a new business. Are you affiliated with someone trustworthy, so when they vouch for you, people will come around?

You'll make losses if people don't buy your products during the festive period, if it's seasonal. So, put things in check. When you're confident you've ticked your major boxes, you can open your business.

There's no time of the year without customers; you just need to know when your business peaks. If it's the last quarter or first quarter, wait for that time. But do your market survey properly; write it down and plan properly.

When people understand the need for the end of the year then the business that is run will also be very profitable, but he needs to see whether the business is only for the long term or short term.
Seeing the quarter against the business that is run must be based on good observation and the business can also grow for the long term.
First, recognize the needs of the people in the area so that the business that is run can grow well. For example for businesses in tourist or industrial areas then what is much more suitable to be developed there.

When we have an idea then we know what business is more profitable and right on target to run.
To start a business with a small budget, we must be able to see the capabilities of the market needs that are required because in this way the business can grow faster.

Starting business in the last quarter of the year can be profitable due to the high demand of goods from people during the festive period, but opening a business does not matter the quarter of the year sometimes it is good to start business in the first quarter of the years and know the strength of your business then if it reaches the last quarter of the year then it's at your advantage, but if you Start in Q4 and made alot of profit during those period then going back to the first quarter Q1 and business does not move as it was in Q4 when you started, then you will be disappointed.

There are two factors that affect such business in Q4, they are movement and location.

Movement: people usually move from the urban to the rural areas to settle for the festive season and some moves from the rural to the Urban but majorly people move to the rural areas.

Location: your location determines whether it is going to be profitable. If you are in the rural area where more people will come to stay for the time being then you are at advantage. But if you are in the city you will make less profit in the Q4 or festive period because many would have been in the the rural area. But will make more profit during Q1 when everyone would have come back to the city.

It all depends on your plans and the type of business you want to start up, personally I wouldn't advice anyone to start any business at the last quarter due to the rush and urgency of how things might be. It's better to kick of that business probably at the first or second quarter of the year but like I said it's all based on plans, there are people that can start a certain type of business at the last quarter and still make a lot of progress with it. Before starting a business it's important to calculate the cost of your investment and the profit you are going to make monthly or yearly.

It all depends on the view and plans put in place. I know of most businesses that the owners made the decision during the last quarter of the year. This is them trying to figure out what will be needed as we all know that during the last quarter of the year people save up to get cloths and enough food stuffs for the festive period. Now people try as much as surveying a better place that will be suited for their business and what will be needed at the moment as soon as they start the business so they can start making sales. And then after the festive period they then explore other things they need to add to the business to keep it going.
It all goes down to individual’s efforts and ideas . As this sometimes ends up not favoring others. Which sees one starting a business in the last quarter of the year and Athena few months down the line they’re out of the business

There is uncertainty in many areas during this period because many companies have not evaluated this year for the next year. Companies, businesses or individuals who are trying to do business take into account the data and this data is usually the year-end reports of previous years. Depending on the job you will do, you should take a look at these reports or if you do not have the chance to access such a report, it may be good to get ideas from people who do a job similar to the job you will do.

Year-ends are generally times when a lot of expenses are made. If you can organize your expenses logically, you may have a chance to enter the new year with a better economy.

The last quarter of the year is a critical period for reassessing priorities, managing finances and setting strong foundation for the upcoming year. Market fluctuations and uncertainty takes place during this period. I will  give opinions on why starting a business in the last quarter. It serves a unique opportunity to establish yourself before the new year begins and strategic move to capitalize on holiday shopping. If you are specific about the business idea and you know your comfort level with risk, then you are to go.

Starting up a business at the last month or ending of the year seems to be a cool move but also we can consider the risk involved because when year getting to end there would be lot of expenses which requires us to save more and to plan ahead the January time as it seems to be very hard during that period, because people who travel has exhausted themselves on festive season just as you had explained earlier, therefore it best to start up a business during the beginning of the year to enable you plan and groom your business wisely carefully.

If you were targeting the festivities that would happen by the end of the year, I reckon it could be something good? Periods that have a lot of festivities are usually treasure troves for businesses that aim to service customers for that specific period. It can depend on what country you live in but for example, in Japan, businesses giving out rental Yukatas would probably be more profitable during the summer. Highly depends on what you're planning to do imo.

And I've never thought of thinking the last quarter of the year to save up money specifically for the festivities. Might be different if you have some sort of big family/gathering though, but even then I don't think YOU need to shoulder everything yourself. Maybe for vacations? But that's saving up for the entire year (or more), not just the end imo.

I had no specific business in mind. I just want everyone to express and share their unique opinions on this subject.

The (2) means that I have raised this same topic in another forum, but still want the opinion of people in this forum.