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

For an average or lesser income earners, saving while also maintaining better upkeeps for themselves is usually challenging that they struggles to meet up their yearly targets and as time clocks approaching from the beginning and quarter of the year and they still having that shape to meeting that goal, it would take a self determination to start up somewhere that even at the quarter of the year would not seem too late for them.

The inspiration would always be that... Even when the year is getting to an end, starting up somewhere at the mid year can as well provide some for opportunities to give some tangible accounts probably by the end of the year.

It would only take some cut of expenses to be left aside so that we can achieve that goal with our little savings. Festive expenses are not Worth making a prior at such time when determined mind has been made up.

I agree that some individuals run their businesses during the festival season because that's when individuals will need it with an increasing request, people overlook the price of a product during the final quarter of the year because they believe that the price of everything will almost double and people will purchase it since they need it for the festival period. So, I also don't understand the point of establishing a business in the quarter of the year when it isn't intended for the festival season.

In addition, if a business has nothing to do with the current time, it will not sell. This is because Christmas is quickly approaching, and it is not a good idea to start a business selling products that consumers do not currently need and then expect to sell them. This will not generate any profit because the seller did not target the needs of the consumer.  After all; the needs of people should always come first in any business before starting something new.

Yeah I agree, many of the business ideas around farming for example, even if it's a small one, has to be seasonal. YOU can't start one anytime you want, it will have to wait for the right moment, or you would ruin whatever crop you are trying to do. Which is why the best time would be picking the right season there. This is just one idea, there are many other type of ideas that are purely seasonal, and you would need to focus on this.

You are right about a restaurant, or some grocery store, whatever you want to start, it would be fine and I do not think it will be that much of a complex situation at all, we would be able to actually do it without a trouble. I would suggest starting a business that doesn't have seasonality though, mentally that would be hard, I have a friend who owns a hotel and he works mainly on summers, he makes a lot, enough to live all year with it, and rests for 5 months a year at least, but the mental hardship is so bad for those periods.

Depends on a certain business on which there would really be those types of business that really that getting in line with some seasons on which it will really be that relevant that you do need up some timing
when it comes into this manner but in overall its not really that necessary for you to have that particular point on running up a business since you could really be able to do it anytime on which everything will really be that according to you. This is why it is really that important that you should really that having those plans whether you do really that running it up in the end of the year or first month of the year or midyear.
Doesnt really matter actually because if the business or investment that you are making is really that something that can get that recognition or demand then it will really be that able to boom out.
Although we do know that in every investment on which there's no way that you could be able to assure whether it would succeed or flop and thats why you should be wary at least into those risks involved into it.
Success isnt something that you could be able to obtain out in a short period of time on which it will really be that getting involved with tons of trial and error on which its not something that you will be able to
do or obtain in a short space. So it will really be that up to you on this aspect on how you would gonna deal with it.

If the business has some seasonality, then you need to think about starting it at a certain time, in a certain period of the year, but if it is a business for which seasonality is not important, for example a catering restaurant, then it does not matter at all, because people will always want to eat, here a more important role will be played by the place in which you open it, so that it is crowded, this will definitely increase its attendance.

This is true, if your business has any relevance to dates, then yeah it matters, but if there is no reason to stop during some time period, then it doesn't really matter and you can start anytime. I believe in starting whenever you are financially and mentally ready.

Sometimes people are not willing to work as hard as they used to, there are days and times when you do fine, and there are days when you are tired and just want to relax. I had a period like that, I have been doing terrible for the past 4-5 months, and I had been working incredibly hard, not just for my work, but because of family issues, so I never had a day for myself at all, I have been working so hard, I just want to relax for a few  days and failed to do that unfortunately. Does that mean I won't start a business if I can? No, it just means I would postpone it if I were starting a business, give myself a month or two, that way I will be ready better mentally. Financial part depends on how much money you have, nothing more.

Any person can start business but for the successful business you have to make changes in your mindset and your behavior and you have to change your routine and your schedule. Many persons dive in the World of business with getting any knowledge about that even they don't know what is asset and how we can increase our assets and how can we decrease our liabilities. Most are the person are so called educated people but they learned nothing except getting the piece of paper which explained that these are educated people. They are not good in conversation and don't know how to convince other people for your product.

I would say being a bit more careful is a better looking one. Most of the time start of the year is financially beneficial to most people, including business owners and workers of that business too, so it is wise to wait it out. Even if you do not get rich overnight, you usually get a salary increase, and the company usually sees the amount of profit they made that year so all of them are happy (unless they are going down and bankrupting of course).

This is why waiting is a lot better to me and I would wait. I am waiting for one investment until new year for example, I would like to surprise my wife, she had one of the worst years I can remember, she lost her mother, so I would like to surprise her with something, we had such a terrible period that I think she needs some happiness in life, so I will invest my money into something that will make her money and also make her happy at the same time, and I believe it would be very good for our future as well as her mental health.

Actually, it isn't challenging that much if someone know what he/she is doing. A good strategy is always helpful but the main focus should be on the nature of the business. If someone opens a Salon, or a Hotel even at the last quarter of the year that business will still be profitable if it gets advertised properly, however if someone launches a business that's not good one for the final quarter then that businesses might not be much successful.

This is only relevant if the last quarter of the year sees drastic changes in the sales of the products in your business. Like if you are focusing on Christmas toys and decorations then this would be the time to start your new business and see a good amount of sales.

So if that is not the case, you can start it anytime you feel is good enough in terms of capital, resources and management.

Personally if you are only selling to a specific time/niche/community you are reducing your scale. It can be started in that manner but eventually need to be upscaled such that there is demand all year round.

There is no time someone establish a business neither from the beginning of the year or one quarter of the year that the business will not prosper so I believe that business will prosper very well when you find a good business and also the location that is suit to that business but when you have not found the location that is sick for the business you will think that it is because of the time you establish the business may be the effect that met the business not to prosper well but one thing is that the market surveyor is very important for business that will make you to know if the business will be flourish well or not it is not depend on the middle of the year That You Want to establish business or the beginning of the year that they want to establish the  business

It depends on the business and the behaviour of people in your region. For example, in my country, the meat business, cheese business, wine business and other businesses can generate a good profit if you create it at least 1 month earlier before the new year. There are many businesses that are activated in the last quarter of the year because of our traditions and behaviours.
We don't celebrate Christmas but celebrate New Year like it's the most important event of the year. We celebrate a new year two times.
In my country, the restaurant/food and supermarket business works well every time.

I had a client who ordered me to create a UI/UX design for a personal fitness trainer app and that person started selling of weight loss programs in the last quarter of the year but spent lots of money on marketing one month after the new year.

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.

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.

In my opinion, there's nothing wrong in starting a business in even the last quarter of the year. A business can get success even if it's the last quarter of the year, and similarly a business can be failed if it's started in first quarter of the year. It depends on the person who starts the business, if he/she is good at doing that business and its marketing then surely he/she will earn profits from it even if it's started in last quarter of the year.

Like I mean if you’re sure the business will yield profit there’s no better time starting a business, both first and last quarter can be considered. For example just as mentioned by the op festive season requires a lot for those who care but saving for something important is good. Sincerely speaking if anyone should start their business during the last quarter of the year knowing it’s the time price of every goods increase higher compared to other season profit is guarantee but still depend on the starting amount.

I don't think it does matter a lot. What's more important is what kind of business to build and the perfect location for it, and of course having a quality product and a competitive price will attract more customers to enter in your store and bite your offer.

However, if your business is all about decors and everything that beautify the house, or sumptuous foods that will be serve perfectly during holidays, I guess you will make an edge over other businesses.

I see the last quarter of the year as one of the times to start up a business and you'll be successful but it depends on the businesses that you're involving in.

The last quarter of the year comes with festivals, parties and travels, therefore starting a business that focuses on this areas can make you money. You can also go into hospitality business as people tend to travel more during the last quarter of the year.

You can start fashion business to sell cloths and other accessories that people love to wear during this period and you'll make money. Every quarter has a business that suit that time of the year, all that's required of you before starting a business is to do some research and make sure you aren't just throwing money away.

Depends on the business that you're about to run. With the upcoming festivities and holidays coming up in the last quarter of the year, there are certain nature of businesses that boom that people take advantage to. If you're business if within and are in season, I suggest that you go for it making sure that you'll be able to keep it since next following could be the busiest part of the year.

On most cases, it doesn't really matter when you start your venture on business as long as you're capable to run it knowing full well of the risk and there are seasons where your services or products may not perform well.

This depends on individuals and your level of preparation, because as far as I know the time of the year doesn't contribute in any ways to either the success or failure of a business and all that is needed to start a business is your preparation, so for that you are free to start up you business or investment anytime you feel you already have the ability to contain such risk and being able to handle it until you become successful, because there is no business with it own Unique struggle and hustle and for that we need to get all the preparation in place before venturing into that said business, and unlike cryptocurrency which can be invested in by a newbies and still be able to manage to accumulate a profits on the long run, business on the other hand doesn't work that way, in business you have to make all necessary contributions and physical commitment to see the business succeed, so before you talk about the timing of the year be it last quarter or first quarter, first of all take the time to build the blueprint of the business because that is the only tool that aid your success in that business on the long run.

It's a good season to start a business. If you are into a seasonal business then last quarter is actually a good time to do something that you think will have good results. So, you have to choose what type of business you're going to do.

The choice is obvious and you have to consider whether it's a good one during this quarter because you know bonuses are everywhere, holiday season.

That's when companies are giving more incentives to everyone so, the choice is yours. All you need to do is to start and don't delay it.

The answer from every individual regarding this query would be different based on their geographical and cultural differences. People from one region might have festivals in the last quarter of the year whereas people from other areas might not have the same situations. So if I tell you that there is nothing wrong with starting a business in the last quarter of the year, it might not suite your conditions and situation because you might have more festivals which would require you to have more expenses, hence more savings needed.

So the right thing to do would be to either mention your region or ask people around where you live if it is a good idea to start a business in the last quarter or not. Other than that, one should also check their financial capabilities before making a decision. Since you asked about an average income earner, it usually becomes difficult for a person with an average income to both save and start a business. So if you go for savings, you won't be able to do the other, vice versa.

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.

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.

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.

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.

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?