it is that time of the year
everything that has waited since the end of july is now coming back
it is the end of the holidays
and time to loose some weight
but it is also time to realize how to budget better
i am not talking just about personal budget
talking about startup budgets:
- q3 is just another quarter. NOT
back in December when it was time to plan a budget q3 looked very innocent. another quarter with 20% growth above q2. does that work for you?
well, in my portfolio and especially over the last 3 years, q3 has been very weak. and this year it affected almost every single company and in a big way. why?
- this year, the Jewish holidays were in September and all of them were in September. crucial work was lost during the build up period of the last 4 weeks
- August is now a vacation month in the US, and not just in europe. while it is nice that we are learning from the french to rest and enjoy our families, it is important to realize that q3 may be as weak as q1 if not weaker.
personally i feel a bit ashamed as i tool a lot of vacation time this summer (mondial in south Africa with Gil, a wedding in the Philippines). but for those of you who work harder than me, and there are quite a few out there, please remember to plan for a weak q3, and come October you will be thankful.