Holiday startups are more common than you might think, because the end of the year pushes many people to rethink their work.
With the holiday season and end of the year approaching, here are some thoughts on why client registrations for business opportunity programs take a leap during this time each year.
Some people become energized around the holidays, inspired to break out and focus on new business opportunities.
For the business brokerage industry in particular, the timing couldn’t be better. Every business owner is checking in with their accounting and tax people during the months before the New Year and well into April. Business owners are taking stock of where they are and where they are headed. Some will carry on. Some might start thinking about retirement, and some may have no one to pass their business to. A number of them will be talking with their financial people about selling.
For organized business brokers, this time of year presents tremendous opportunity. By making contact with tax and accounting professionals, you can establish a direct link to a potential pipeline of business-for-sale candidates.
One successful broker developed strong relationships with accounting and tax contacts. One accountant sent him 27 business-for-sale deals, then helped him connect with a major client—together building a giant organization through acquisition, which was later sold to a public company.
The holidays are a great time to reorganize and get yourself focused on a business that might change your life. Tis’ the season to get started!
All the best, Frank Covich
Why holiday startups take off at year end
Holiday startups tend to follow a pattern. As the year closes, people review their finances, meet with accountants and tax advisors, and take stock of where they are headed. For some, that review shows it is time to try something new, which is why interest in business opportunity programs often rises at this time of year.
If you are thinking about holiday startups for yourself, use the quiet days wisely. Write down what you want a business to do for you, set a realistic budget and weekly time commitment, and talk with your accountant about timing and taxes. Research several opportunities before choosing one, and do not let a year-end deadline push you into a decision that does not fit.
The season is also a good time to build relationships, as the example in the article shows. Meeting with accountants, advisors, and other business owners now can lead to opportunities in the new year. A thoughtful plan made in December can make the January start feel far more confident.
Related reading
- Business Opportunity Guides: Every SmartBizOpps Article in One Place
- Business Opportunity Marketplace: The Earn From Anywhere Guide
- SCORE free business mentoring
Helpful outside resources: Wikipedia: Taking Stock and University of Florida.
Keep reading
If this topic is useful to you, these related guides on SmartBizOpps are a good next step.
