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

[Samlucky O]

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?

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.

[tottong]

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.

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.

[Yucky]

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.

[mindrust]

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.

[milewilda]

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?

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.

[Cookdata]

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.

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.

[bitcoiner247]

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.

[Richbased]

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.

[Moreno233]

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?

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.

[Pi-network314159]

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.

[Hewlet]

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?

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

[Dr.Bitcoin_Strange]

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.

[retreat]

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

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.

[shield132]

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?

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.

[Onyeeze]

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

[TheUltraElite]

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.

[SamReomo]

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.

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.

[el kaka22]

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.

[Unknown Op]

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?

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.

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.

[beerlover]

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.

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.