A firm that is reliant on the season is referred to as a seasonal market. Demand peaks and troughs for certain goods or services are common in this market and are frequently impacted by seasonal elements like the weather, holidays, and cultural events. Businesses that cater to seasonal customers must be flexible enough to meet fluctuating consumer demands in order to remain profitable.
The kind of inventory a company has can make or break it in a seasonal market. Businesses should be able to predict and be ready for fluctuations in demand, and the inventory should be adapted to the current season. For instance, a clothing store that sells primarily winter clothing will struggle to survive throughout the summer. The demand for summer accessories and clothes, on the other hand, is likely to increase during this time.
Summertime is the season for outdoor recreation, picnics, and barbecues. Additionally, this is the perfect time to gorge on mouthwatering summer fare. Watermelon, corn on the cob, grilled meats, ice cream, and popsicles are a few of the summertime favorites. In addition to being delicious, these foods keep us hydrated and cool throughout the sweltering summer months.
A regular sight at summertime events and festivals are concession stands. Foods that are simple to make, have a large profit margin, and are well-liked by customers are the most profitable options for concession stands. Hot dogs, nachos, popcorn, cotton candy, and snow cones are a few examples of popular concession stand fare.
Halo-halo is one of the most well-liked summertime snacks in the Philippines. Shaved ice, evaporated milk, and a variety of sweet ingredients, including fruits, beans, and jellies, are combined to make this delicacy. It is frequently served in a tall glass with ice cream on top. The Philippines’ hot and muggy summers are the ideal time to cool off with halo-halo.
In conclusion, the seasonal market presents particular challenges to firms. The most prosperous will be those who can foresee and adjust to fluctuations in demand. Businesses can prosper in a seasonal market by being aware of the sorts of inventory, popular summer dishes, profitable concession stand delicacies, and customers’ preferred pleasures.
Yes, a student can start a business. However, they might experience certain practical and legal difficulties, such as securing the required licenses and permits, managing their studies and the operation of the firm, and securing sufficient money. Before launching a business, it is advised that students seek advice from qualified mentors and experts.