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

o48o

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Quote from: Rruchi man on October 27, 2024, 03:32:42 PM

Please just state your opinion without trying to advise me as a reply;

How do you consider the last quarter of the year? A time to take more financial risk or be reserved and more cautious.

It is the opinion of some people that the last quarter of the year is a time to gather and save up money for the expenses of the festivities, and January can be tough. What do you think about starting up a business in this last quarter of the year as someone who is an average income earner?

Depends what your business does. Does it have something to do with selling something in Christmas? Is the product, or are the products even ready for Christmas? If so, then you are competing with lots of other businesses that had more time to prepare for christmas sales, so your sales might be bad, no matter if you have a ready project

No matter what that business does, i guess one benefit comes to mind, and that is tax deduction right away, from for all the expenses that come from the building the business. But that's the only upside from it that i can see. Imho timing should be depend on other things, like when the product is ready and right contacts aligned.

Egii Nna

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Starting a busy deals with a lot of consideration, which one is the consider the nature of you business, so that you can know the best time to start up the business. Starting a business in the last quarter of the year is never a bad decision, because in the festive season almost everything are needed in the higher demand. So it will be a nice opportunity to get a lot of patronage and also a good profit. But in the other side, if the business has nothing to do related the festival, and you have enough to open the business then is a go. Because the best to do if to start the business.

Zoomic

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My decision to start a business during the last quarter of the year will depend on the nature of business. In my country, during the last quarter of the year, people shop for clothes and food items alot. If my choice of business is any of those that will gain more patronage during that period, then I will see the last quarter of the year as a perfect time to commence my business, gain visibility and make cool money to sustain me in the business. Not all businesses will strive during the last quarter.

Another thing to consider is the availability of suppliers. You might have a good business plan but if there are no good suppliers with a fair price for their products or no suppliers at all, you might as well wait till you are sure of a trustworthy supplier.

The availability of capital determines if there will be a business or not.

Fortify

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Quote from: Rruchi man on October 27, 2024, 03:32:42 PM

Please just state your opinion without trying to advise me as a reply;

How do you consider the last quarter of the year? A time to take more financial risk or be reserved and more cautious.

It is the opinion of some people that the last quarter of the year is a time to gather and save up money for the expenses of the festivities, and January can be tough. What do you think about starting up a business in this last quarter of the year as someone who is an average income earner?

The time of year you start a business should really be irrelevant to your planning, unless you can somehow get benefit - like cheaper goods at this time of year or targeting a particular seasonal audience. Most people simply focus on having a good concept and your personal finances should not really factor into the equation, if they do then maybe you should not be starting a business or consider taking a business loan. In reality the longer a business has been operating, the sooner you can establish whether it is viable and you will need to get through every season eventually so what better time to learn than now? I thought this was a question about tax years to start with but you seem purely focused on the actual calendar year.

Rruchi man

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Please just state your opinion without trying to advise me as a reply;

How do you consider the last quarter of the year? A time to take more financial risk or be reserved and more cautious.

It is the opinion of some people that the last quarter of the year is a time to gather and save up money for the expenses of the festivities, and January can be tough. What do you think about starting up a business in this last quarter of the year as someone who is an average income earner?

Topic: What is your opinion on starting a business at the last quarter of the year? (2) - page 5. (Read 748 times)