The months of January and February are some of the lowest spending months of the year for the average U.S. consumer according to Gallup data — but that doesn't mean shopping grinds to a complete halt.
Explanation: Spring and Summer are the busiest months of the year.
July is the slowest month for e-commerce. Sales dipped by 30% in 2016, compared to big sales months like December.
How to Survive—And Thrive—During Slow Times
- No matter what industry you're in, or product or service you offer, your business will have financial ups and downs.
- So when business is slow, don't panic.
- Closely monitor your cash flow.
- Take stock of your inventory.
- Convert your inventory.
- Negotiate.
- Cut spending.
While restaurants never really “stop” they do slow down, and the month of January–statistically the slowest restaurant month of the year–is an excellent time to catch up on backroom tasks that, by necessity, fell by the wayside during November and December.
28 Positive Things You Can Do When Business Is Slow
- Market your business. It seems obvious, but some people don't immediately jump into overdrive.
- Personal promotion. It's a bit separate from marketing the business.
- Rethink your business model and processes.
- Strategic planning.
- Ask for help.
- Take some down time.
- Take a course.
- Take up a hobby.
The slowest days are Sunday, then Monday & Tuesday. You should sit outside your store and count how many people go in each day of the week. That will tell you if you have a problem or should expect weekends to be slow.
Some seasonal businesses heat up during the summertime, but most businesses see a major slow-down during the summer months. Savvy small business owners know they can use the time to update their skills, technology, marketing, and anything else that can drive their business forward for the rest of the year.
Why January is Known As the Most Depressing Month of the Year | Inside Edition.
The most affluent billionaires with birthdays this month
June is the birth month of some of the world's richest billionaires. The most moneyed Geminis and Cancerians on the planet, these lucky summer babies were either born with a silver spoon in their month or worked hard to get what they have.Those born in September are, apparently, the smartest out of the entire year. According to Marie Claire, a study published in the National Bureau of Economic Research found that there's a clear correlation between the month during which you were born and how smart you are.
Bad luck if you were born on 16th December: research has found it is the worst birthday of the year. The cold – and if you live in Britain, wet – weather, combined with the excitement leading up to Christmas means most people think 16th December is an awful time to celebrate.
The old Roman year had 304 days divided into 10 months, beginning with March. However the ancient historian Livy gave credit to the second early Roman king Numa Pompilius for devising a calendar of 12 months. The extra months Ianuarius and Februarius had been invented, supposedly by Numa Pompilius, as stop-gaps.
Also meaning that December is the least common birth month, with January and February sharing a similarly low birth rate. But what does that tell us? Well for one, March, April and May are the least popular months to get it on, according to this study.
The Slowest Restaurant Days Of The Year
- Day of the week. Most studies and reports from other restaurant owners say that the slowest restaurant days are Mondays and Tuesdays.
- Month of the year. September is generally referred to as being the slowest month over the whole year.
- Your findings. A big thing to consider is not to take these findings at face value.
For the restaurant industry as a whole, April through August are the busiest months. The holiday season (November through January 1st) are also typically busy times. Your location is an important factor in determining your busiest periods, however.
