Topic: What is your opinion on starting a business at the last quarter of the year? (2) - page 5. (Read 1065 times)

It depends of the business you want to start. I can't give you any helpful advice without knowing what kind of business you are planning to launch. Do you have a business plan? Do you have enough capital to invest? Are you ready to go thru several months or years of financial loss? Most small businesses aren't profitable since Day 1 and have to survive several months, before they become profitable. Do you really think that starting a business in the last quarter of the year is different than starting a business in the first quarter of the year? If yes, can you please explain why? Saving money for "festivities" doesn't seem like a serious reason for me.

If you're more of a business-minded person than a guy who believes in superstition, anytime of the year is the best time to launch a business. We should take the opportunity when presented to us, and opportunity does not have time and place; you happen to stumble upon the business opportunity or presented to you regardless of the situation.
There are businesses that flourish at the last quarter of the year; the most important is that you fully understand the business and you know how to run a business, The expenses of the festivities will be taken care of if you are in a profitable business

The last quarter of this year has been so difficult for me, especially in my country. Big companies are collapsing and layoffs are rising. Deflation is spreading. It's the worst time to take financial risks. I prefer to be cautious now.

Starting the business in the last quarter depends on your economy. If your country has no economic decline, start your business in Q4. But, if your country is in the same situation as mine, then wait.

I don't want to kill myself just to take a huge risk that will lead me to fail. Cash is much more important than anything now. 

You can't get a specific opinion unless you share what kind of business your friend is trying to set up. Remember there is Black Fridays in November which means therr is going to be bonanza of some items, if your friend falls into these categories of items that will be put to sale in such period, there can be collides and perhaps more supply of what he tries to sell and means low price further and the demand might be even more lower than expected.

On the economical aspect, I'm not sure there is anything to say in third quarter but I know for sure there is going to be alot of money in circulation, people will be willing to spend so, if the person is have anything in mind to do, it's should be something that can be demanding from people and items they can sell very fast to people. If possible, your friend can lend service business to people, like any kind of services that can require during the festive season.

This year of 2024 is very difficult to actually manage a traditional business, and most of what people do are businesses related to food, and others are online marketing such as direct selling, and others are this as we do in the crypto business.

So this last quarter is still the best business to do to get profit. It's still the food business in my opinion because it can be done online or physically in my own assessment.

Op, I'm sorry to ask this but what's the meaning of (2) at the end of your topic?

AFAIK, starting a business has less to do with part of the year you start it, it has more to do with when the resource is available irrespective of the part of the year. However, the last quarter of the year can be a good tacket to kick-start your business since a lot of purchase happen during this period. Regardless of the business, I see this period advantageous.

You'll have more sell if the business has to do with what people need during this period and on the other hand, you will have more time explore the business and get prepared for the coming year if it has to do with what is less needed at this period. You can actually take advantage of the last quarter either ways.

Rruchi man, you should give us more information about the business. Because on one hand it does not matter when to start it, as your operation year will start from your business registration, but not from January 1. On the other hand, if your business is seasonable for example, then with opening summer service or product production you should not expect to see profit anytime soon. If you think that end of the years means more vacation or people are less active (this might affect transportation), people spend less or more, and so on, then without having more details on the business you want to open, we cant give proper advices nor able to tell a proper opinion. I would go with basics. Demand and supply. I would start with this. If there is or there is no demand, I will make my decision to start my business from that.

Any quarter of the year can always be good for a business but for me I rather start my own business from the first quarter because those period are the moment were goods and services are being sell on a more normal price level because by then the demand is not much higher so I will use the opportunity to Stoke my business very well before the last quarter of the year because during the last quarter the demand of everything is usually very high and the profit I would make if I should start up during that time will not be much compared with the one I will have if i had started the business very early because from the first quarter the clothes I will buy for $30 could rise up to $50 during the festive period.

I think it all depends on the type of business, if it is something related to sales of goods that are good for gifts, it can be a good idea, because this is the best period of the year for this, at the end of the year people start buying gifts for their loved ones and friends, so everything can work out well. But the following months can be more difficult, so it is worth evaluating not only the coming months, but also the future, so that in the following months the profit received is not spent on expenses, without significant profit.

Someone can start a business at anytime and wait for the appropriate season when it'll be in demand. Meaning that you can start most businesses at anytime, so far you have the capital and knowledge of the business. But I can agree that there are some businesses that moves more during the last quarter of the year. You can start them perhaps to cash in on the season and exit when the first quarter starts. If it's your normal business, then you can stock more during this fourth quarter. Example of these businesses are Christmas decorations, fashion that includes clothes, shoes and jewelries, gift items. These are some of the items that I feel will sale very fast in the fourth quarter seasons.

Starting up a business in the last quarter of the year is also a nice idea. All I need to look out for is what really sold a lot doing the last quarter. Seasonal business. At a Christmas season, I can start up with sales of food items or Christmas celebration attire. This will sell so well doing this time.

The other thing is to imagine starting a pumpkin business or a nice Halloween costume at the beginning of the Halloween season (smile) in a good location. Guys, the sales will be a merit. 

Do your market analysis and start something that will boom as fast as possible. 

One should first have to know that there are different kinds of businesses of which some are seasonal while others aren't. We are entering the yuletide season and unless the kind of business you intend to start at this quarter is designed for the season, there won't be much profit to collect.
Infact, any business being started at this time isn't expected to take in much profit, but that shouldn't deter you from starting anyways because innovation and improvising on the methods you adopt to operate your business may offer you much more insight as to how you can properly arrange you self to make profit.

I don't think there's a difference between starting a business in Q1,Q2,Q3,or Q4, this also depends on the business you want to create.

Let's say you want to sell wool scarf, selling in Q4 is the best time because it's winter, people will buy your product to make their body warm.

I'd say better to take a look with the economy of people around you, many people said the economy isn't as great as before because now some people fall into gambling addiction and gambling in shitcoins, which make people have less money to buy something.

Starting a business is the next big step, and if you want to hold onto it because of the spending that may come due to the holiday season, then I would call it financially irresponsible. Just look from a different perspective if it is festive season then people will be spending more money so it could be the perfect time to start a business which is like a headstart if the business is related to consumer products. Only things is you need perfect plan and adequate capital to have the stocks that people will be looking to spend their money.

It's actually the festive period and a lot of persons at this time are working harder to have something during the celebrations. One can still do something nice that would be productive but it would be something that people would really be in need of during the period. The beginning of every year is always tough. Especially January to be precise and most times its best to gather enough now and wait for it. What I've seen most investors do is that they make plan for that one month like keeping some !money down. So yes it's a good idea to start something now..

I don't operate a business based on time and seasons because opportunities can come at any time of the year. The belief that one needs to be more cautious towards the end of the year looks like a myth to me. I am open to taking risks or being cautious at any time of the year.    

For me, I don't gather money to spend on pleasures because I don't have such extra funds. The reason why people see January as tough is that they spend more than they can afford during the festivities in December. January is not tough for me because I don't waste money on Christmas celebrations, so there is always enough to use in January.          

It will depend mainly on the type of business. Investing in clothing, Christmas items and farm animals will be a good one in my country in the fourth quarter.  

Depending on where you are using it and if it is a business like the title you load then you need to see what kind of business can provide less risky profits.

First identify what kind of business you want to develop because sometimes not all types of businesses can grow in any quarter and I rarely see people talking about quarters when they want to grow a business, because all you need to do is see whether the business opportunity is needed or not in that environment.
Strangely enough before starting they are already making plans for celebrations and that is not the type of successful businessman in my opinion because businessmen do not see celebrations first but develop so that the business grows.

Business is different from your personal life or expenses, so it should be treated differently. That’s the principle I learned when studying for my finance course. As a businessman, you can start anytime you see an opportunity. Now, regarding starting a business in the last quarter of the year, here are some positive and negative aspects based on the situation in our country.

Positive: During the holiday season, people love to spend, which means your business could see a boost in profitability.
Negative: On the flip side, you’ll have to pay for the business permit for the entire year, even if you can only benefit from it for one quarter.

But if can weight that you'll gain more benefits over the expenses (permits), then you should start your business.

I think people spend more money at the last quarter of the year, personally I think anytime is a good time to start business, what matter is testing whether the product we offered has a place in the market and there's no better time than the last quarter of the year where everyone just trying to buy something and spend their hard earned money for their loved ones, if i were a businessman I wouldn't continue the business if I can't make a good sales at the month of december frankly .

so really I think taking financial risk around this time is actually pretty okay.
I just think that these idea of starting business around certain specific quarter is just a superstitious thing.

Indeed, In the last quarter I see that starting a business is a possible step in case if the strategy is rather developed and experience in managing business and its promotion is acquired. There are plenty of opportunities which can be actively used at the end of the year, because there are different momentum, including holidays, end of the year sale promotions and other shifts in behavior among consumers. These opportunities, if well exploited open avenues for new business to gain attention faster in order to introduce a product or a service to the market. There is nothing wrong with looking at the end of the year as a trial, to see what is effective before moving on to the next quarter with more certainty.

It is for this reason that the success of a business probably more than anything else relies on the proper our interaction and manipulation or management of various factors that surround the business entrepreneur and execution creativity not the time when it begins. Taking into account the condition in the market and the fast response to the consumer needs we still have rather great opportunity to succeed even if the business started at the end of the year. Long term sustainability is achievable in this business, if only adequate attention can continually be accorded to it as well as the provision of quality products backed by pro-active promotion strategies. Starting in the last quarter, is very challenging and has the potential to become a good strategy if we are focused and willing to exploit the chances available.