LATEST NEWS

How To Prosper During Spring And Summer

The Associated Press reported that March 2012 saw the number of U.S. citizens seeking unemployment aid fall to a four-year low, with weekly applications dropping to a seasonally adjusted 348,000. Given that the national rate of unemployment fell accordingly to just 8.3%, it would appear that the change in seasons has done little to hinder the burgeoning economic recovery. However, with millions still unemployed and seasonal businesses looking for alternative revenue streams during the spring and summer months, it is worth identifying potential opportunities for growth between now and September.

Work Opportunities to Look Out for This Spring
While the national rate of unemployment in the U.S. continues to fall, this trend is not prevalent across all social demographics. For example, the IMF reports that youth unemployment continues to soar significantly in the U.S. , with the rate remaining above 18% nationwide. This is an issue that the federal government has been quick to identify, and has already been addressed in part by the White House Summer Jobs Initiative that proposes the creation of up to 180,000 youth employment opportunities. However, young job seekers should also use the arrival of spring and the warmer weather to broaden their own job search, and consider which industries are most likely to hire between March and September this year.

Outdoor jobs become more readily available in spring, as niche service providers look to maximize their profit during the warmer months. However, while companies that landscape gardens or maintain swimming pools may be keener to hire during this period, the subsequent demand is unlikely to create vast opportunities for the young unemployed. Instead, young job seekers should turn their attention to market sectors such as sales and retail, where spring traditionally heralds an upsurge in activity and consumer spending. For example, the warmer weather and improved consumer confidence has already allowed retail outlets to sell high volumes of summer clothing lines, holiday wear and garden accessories in the U.S., which in turn should create an increased demand for sales representatives, administrators and shop floor assistants .

Maximizing Profits During Warmer Weather
For independent seasonal businesses, their performance during off peak periods can often be critical to their success . No matter how much revenue a firm earns during its peak season, a poorly administered budget or sustained period of inactivity can see profit reduced to a minimum. The answer lies in creating a complimentary seasonal business, which will allow an organization to trade all year round and maintain a sizable and consistent turnover. With an established client base and an existing reputation already in place, seasonal businesses would be in a far better position to develop a new commercial idea than traditional start-up companies.

For businesses that ply their best trade in winter, there is often an emphasis on adapting a core service to suit an outdoor setting or the summer market. For example, a business that spends the winter months selling bikes and accessories to the Christmas market could easily be adapted during spring to provide a complimentary rental service, whereby consumers can hire sporting equipment for outdoor pursuits and family days out. Not only would existing customers be more likely to hire from a firm that they trust, but the business itself can use its industry expertise to save on costs and expenditure.

Establishing a Profitable Seasonal Business
For individuals who are both out of work and without an existing business, the arrival of spring provides similar opportunity for growth. The Obama administration has helped to reinforce America as the land of opportunity, and its 2010 Small Business Jobs Act has helped independent organizations to flourish, while encouraging entrepreneurship among proactive citizens. With this in mind, starting a seasonal business from scratch is no longer the daunting challenge that it used to be.

In terms of creating a profitable seasonal business from scratch , however, it is important to remember that start-up costs are just as important as the amount of capital that can be generated. With limited experience, it is better to start a business that requires very little financial outlay, so that any revenue earned can deliver a healthy bottom line profit. Dog walking, window cleaning and offering outdoor painting services are all potentially lucrative business ideas to suit the spring and summer months. Since these businesses require only a minimal start-up investment, they can deliver a high volume of well-paid work.

The Bottom Line
Whether you are a job seeker, seasonal business owner or aspiring entrepreneur, the change in seasons can bring huge opportunities for personal growth. While some industries may suffer a downturn during the spring and summer, other industries see a huge increase in demand and may expand their operation and create job opportunities. With the U.S. government supporting entrepreneurship and proactive job-seekers, this is the ideal time to tap into the seasonal demands of both consumers and employers alike.



More From Investopedia

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
  • Amazon India to empower Naga women entrepreneurs IANS - 17 minutes ago

    Bengaluru, Jan 23 (IANS) With a view to drive digital literacy among women entrepreneurs in Nagaland, Amazon India on Monday partnered with the state government and the National Skill Development Corp (NSDC) to provide them a global platform to sell … More »

  • 5 reasons you should bother about Budget 2017 Simplus Information Services - 1 hour 56 minutes ago

    The government reveals the income and expenditure incurred in the year gone by. It is the estimate that the government makes about the income and expenditure for the year ahead. The government announced the demonetization of currency notes in … More »

  • Is digitisation the need of the hour? Simplus Information Services - 2 hours 22 minutes ago

    What makes digitisation or digitalisation so important? The conversion of data from analogue to digital has been going on since the 1950s. Nowadays, digital technology is helping restructure businesses, organisations, and economies. … More »

  • Coal India discontinues Forward e-auction Scheme 2007 IANS - 18 hours ago

    Kolkata, Jan 22 (IANS) Following special forward e-auction for power sector and exclusive e-auction for non-power consumers being conducted in a "regular manner", Coal India Ltd (CIL) has advised its subsidiaries to stop conducting the Forward … More »

  • Kudankulam Unit 2 generates full capacity of 1,000 MW IANS - 18 hours ago

    Chennai, Jan 22 (IANS) The second 1,000 MW atomic power reactor at the Kundankulam Nuclear Power Project (KNPP) in Tamil Nadu has attained its maximum capacity, the Russian builders announced on Sunday. "Kudankulam NPP Unit No 2 has for the first … More »

  • Non-life insurers' premium income grows over 25% in December IANS - 20 hours ago

    Kolkata, Jan 22 (IANS) Non-life insurance companies posted over 25 per cent increase in their gross premium income (direct premium income underwritten) to Rs 9,760.23 crore in December compared to Rs 7,777.38 ... … More »

  • November IIP 'false positive', doesn't reflect reality: Crisil IANS - 21 hours ago

    New Delhi, Jan 22 (IANS) Descibing the official data on the index of industrial production (IIP) for November 2016, during which demonetisation was announced, as a "false positive", Crisil Research has said that the latest IIP figures do not reflect … More »

  • Are PowerPoint presentations a nightmare for you? 5 tips for overcoming stage fright Simplus Information Services - 22 hours ago

    ‘According tomost studies, people’s number one fear is public speaking. Number two is death.Death is number two. Does that sound right? This means, to the average person,if you go to a funeral, you’re better off in the casket than doing the eulogy.’ … More »

  • Budgetary expectations, Q3 results to drive equities IANS - Sun 22 Jan, 2017 1:44 PM IST

    Mumbai, Jan 22 (IANS) Expectations from the upcoming Union Budget, along with global cues and domestic quarterly earning results, are expected to determine the trajectory of Indian equities markets in ... … More »

  • Asia's oldest exchange's maiden public offer begins on Monday IANS - Sun 22 Jan, 2017 12:48 PM IST

    Mumbai, Jan 22 (IANS) Asia's oldest stock exchange that has seen thousands of companies trade on the bourse is itself going for a listing with an initial public offer starting from Monday with an an offer size of nearly Rs 1,250 crore. The offer is … More »

  • Note ban negative for jobs, SMEs, rural demand: Assocham IANS - Sun 22 Jan, 2017 12:12 PM IST

    New Delhi, Jan 22 (IANS) Demonetisation will leave a negative impact on small and medium enterprises (SMEs), rural consumption and job creation while the large organised sectors stand to benefit in the long term, industry chamber Assocham said on … More »

  • JBL Everest Elite 700 Platinum: Excellent sound, killer looks IANS - Sun 22 Jan, 2017 10:58 AM IST

    New Delhi, Jan 22 (IANS) JBL has always been at the forefront when it comes to sound quality and, as part of its 70th birthday celebrations, the company has introduced the limited edition Everest Elite 700 Platinum headphones that comes packed with … More »

  • BSE allocates shares worth Rs 373 crore to Anchor Investors IANS - Sat 21 Jan, 2017 11:52 PM IST

    Mumbai, Jan 21 (IANS) Just before the launch of its initial public offer on Monday, stock exchange major BSE allocated 4,628,158 equity shares to 'Anchor Investors' worth Rs 373 crore. The company allocated ... … More »

  • Protectionism fears remain but US, India collaboration to continue: FinMin, Industry IANS - Sat 21 Jan, 2017 10:30 PM IST

    New Delhi, Jan 21 (IANS) With Donald Trump taking over the reins of the US, industry stakeholders in India and the government feel that the fears of protectionism and curbs on H1B visas will remain, but that the US will continue its financial and … More »

  • Tata Communications arm invests in Dutch firm IANS - Sat 21 Jan, 2017 9:54 PM IST

    Mumbai, Jan 21 (IANS) Tata Communications Ltd's Netherlands subsidiary on Saturday announced that it has invested in Teleena Holding B.V., a mobile virtual network enabler, making it the largest investor ... … More »

  • JK Paper's Q3 net profit up 173% IANS - Sat 21 Jan, 2017 8:00 PM IST

    New Delhi, Jan 21 (IANS) Branded paper company JK Paper on Saturday reported a surge of 173 per cent in its net profit for the third quarter (Q3) of 2016-17. The company's net profit stood at Rs 35.89 ... … More »

  • Globus Spirits starts commercial production in West Bengal IANS - Sat 21 Jan, 2017 7:22 PM IST

    New Delhi, Jan 21 (IANS) Globus Spirits Ltd on Saturday said it started commercial production in its West Bengal unit to cater to the market of the alcohol deficit state. The production unit situated at Panagarh industrial park in Burdwan district … More »

  • Equities tumble as negative global cues spook investors IANS - Sat 21 Jan, 2017 6:26 PM IST

    Mumbai, Jan 21 (IANS) After three weeks of consistent gains, key Indian equity indices were pulled lower during the trade period ended Friday due to negative global cues, broadly weak quarterly results ... … More »

  • Petrol prices cross 2013 peaks, but political opposition missing IANS - Sat 21 Jan, 2017 3:10 PM IST

    New Delhi, Jan 21 (IANS) In February 2013, opposition parties, notably the Bharatiya Janata Party (BJP), took to the streets in protest as the price of petrol in the national capital spiralled to Rs 69.06. The BJP will not take this lying down," … More »

  • NPCI advises PhonePe App to comply with UPI guidelines IANS - Fri 20 Jan, 2017 10:38 PM IST

    New Delhi, Jan 20 (IANS) The National Payments Corporation of India (NPCI) on Friday directed mobile phone e-wallet PhonePe to comply with the UPI (Unified Payments Interface) guidelines. The development comes a day after the NPCI advised lending … More »

  • Railways-Jharkhand JV agreement to speed up projects IANS - Fri 20 Jan, 2017 8:52 PM IST

    New Delhi, Jan 20 (IANS) The Indian Railways on Friday entered into an agreement with the state government of Jharkhand to form a joint venture (JV) company to speed up the development of railway infrastructure projects in the state. According to … More »

  • Canara Bank net soars 279% in Q3 IANS - Fri 20 Jan, 2017 8:36 PM IST

    Bengaluru, Jan 20 (IANS) State-run Canara Bank on Friday reported a whopping 279 per cent jump in net profit of Rs 322 crore for the third quarter (October-December) of fiscal 2016-17 from Rs 85 crore ... … More »

  • Over 12,000 crore bids received for Reliance Mutual CPSE ETF IANS - Fri 20 Jan, 2017 8:04 PM IST

    Chennai, Jan 20 (IANS) Reliance Nippon Life Asset Management (Reliance Mutual Fund) has received around Rs 12,000 crore worth of bids for the further fund offer (FFO) in Central Public Sector Enterprises Exchange Traded Fund (CPSE ETF), a top … More »

  • Cash flow to be normal soon, cut in online charges: Patel IANS - Fri 20 Jan, 2017 8:04 PM IST

    New Delhi, Jan 20 (IANS) Cash flow, restricted post-demonetisation, will normalise soon but might take longer in rural and remote areas, Reserve Bank of India (RBI) Governor Urjit Patel informed a parliamentary panel on Friday. He further asserted … More »

  • Cooperative banks barred from accepting deposits under PMGKY IANS - Fri 20 Jan, 2017 7:06 PM IST

    Pradhan Mantri Garib Kalyan Yojana (PMGKY). "Application for the deposit in the form of Bonds Ledger Account shall be received by any banking company, other than Co-operative Banks, to which the Banking Regulation Act, 1949, applies," a Finance … More »

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    17.47+0.12+0.69%
    SUZLON.BO
    81.30+0.15+0.18%
    IBREALEST-.BO
    34.65+0.35+1.02%
    ADANIPOWER.BO
    192.50+6.45+3.47%
    JSWSTEEL.BO
    178.05+6.60+3.85%
    HINDALCO.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    67.80+11.30+20.00%
    BELLACASA.BO
    2,288.85+381.45+20.00%
    BHARATRAS.BO
    215.25+35.85+19.98%
    DHPIND.BO
    133.00+22.15+19.98%
    KATWAUD.BO
    18.69+3.11+19.96%
    TIRSARJ.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    34.10-3.85-10.14%
    ELIXIR.BO
    33.45-3.70-9.96%
    ABHIINFRA.BO
    87.50-9.60-9.89%
    SAPL.BO
    80.00-8.55-9.66%
    BINNY.BO
    255.00-25.00-8.93%
    CLLIMITED.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.