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Author Topic: What is your opinion on starting a business at the last quarter of the year? (2)  (Read 1120 times)
Inwestour
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October 31, 2024, 09:12:05 AM
 #61


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.
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.

R


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October 31, 2024, 07:17:56 PM
 #62


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.
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.
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.

R


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November 01, 2024, 05:49:01 AM
 #63

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.
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.
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November 01, 2024, 09:01:51 AM
 #64

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.

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.

R


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November 01, 2024, 09:47:01 AM
 #65

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.











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November 01, 2024, 03:01:58 PM
 #66

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

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November 14, 2024, 07:05:46 PM
 #67

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.

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.

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November 14, 2024, 08:32:03 PM
 #68

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.

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.

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.

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November 14, 2024, 09:39:54 PM
 #69

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.
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November 15, 2024, 04:24:22 AM
 #70

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.

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November 15, 2024, 05:29:36 AM
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 #71

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.
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.

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November 15, 2024, 07:24:01 AM
 #72

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.
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.

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November 15, 2024, 01:37:11 PM
 #73

What do you think about starting up a business in this last quarter of the year as someone who is an average income earner?
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.

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November 15, 2024, 03:18:21 PM
 #74

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?
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.
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November 15, 2024, 08:55:48 PM
 #75

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.
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.

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.

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November 16, 2024, 08:06:58 AM
 #76

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.
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November 16, 2024, 11:37:16 AM
 #77

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.
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November 16, 2024, 04:30:38 PM
 #78

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.
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.
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November 16, 2024, 05:48:28 PM
 #79

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.

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November 16, 2024, 08:16:04 PM
 #80

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.

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.

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