WHEN IS THE BEST TIME TO START A BUSINESS?
I have been working with people and helping them start new businesses for the past 12 years now. During that time I have heard many reasons why the person felt that the timing wasn't quite right. Here are some of the reasons I have been given from people as to why they have decided to postpone starting a business.
1. Getting married.
2. Getting divorced.
3. A child getting married.
4. A child graduating.
5. Need to save a little more money first.
6. Want to think about it.
7. Want to wait until the economy gets better.
8. Wants to wait until the economy slows down and competition shrinks.
9. Selling their home.
10. Buying a new home.
11. Waiting to see if they lose their job.
12. Waiting to see if they can get a new job.
13. Waiting for the kids to get a little older.
14. Waiting to pay off the house first.
15. Waiting to see if the situation improves at work.
16. Need to sell an existing business first.
17. There is an illness in the family.
18. I have too many things going on right now.
19. Waiting until after the holidays.
20. Waiting until the kid go back to school.
21. Waiting for the kids to graduate.
The fact of the matter is, I've heard a lot of "Maybe I should wait until....".
Do you see a trend in these statements? It's life.....everything they're waiting on is just plain ole life. The clock of life just keeps on ticking away and it will never stop....until you're dead.
So if you asked me when is an acceptable time NOT to start a business......well when you're DEAD would probably top my list. Outside of that there isn't very many good reasons as to when to NOT start a business.
The worst mistake anyone can make is to wait until its a good time to start a business....the only good time is NOW, because you see life will continue and things will always happen, the economy will get better and it will get worse again, you will sell a house, buy another one and probably sell it too, people will get married and people will get divorced, you will save more money and end up having to spend it on something else. If you decide to wait, odds are that you will never end up owning a business and at some point in your life, when you are in your late 80's or 90's, you will be kicking yourself wondering what would have happen if you would have started that business you wanted to in 2010?
I can guarantee you this, if you're not happy now with your present situation and you don't do anything to improve it, you're not going to be happy with where you will be in five years from now and all you really did was lose five years of time in building your business and actually improving your life.
Zig Ziglar once said, "The definition of insanity is doing the same thing over again but expecting different results."
I started Comfort Keepers at the worst possible time, and everyone told me that I should wait. I nearly listened to them but.....I always wanted to start my own business so I got tired of waiting on life. Five years later the company sold for $52 million dollars. I get goosebumps thinking about what would have happened if......I hadn't stopped waiting on life and I didn't start the business.
Don't wait on life. Here is one of my favorite lines from the movie Shawshank Redemption, "Get busy living or get busy dying!" If you are serious about becoming not only financially independent but corporately independent, then NOW is the best time to start your own business!
P.S. Do you know what the difference between self made millionaires and others is? They had a goal and at some point in their life, they stepped out of their comfort zone in order to fulfill it. Outside of that, there really isn't much difference. It wasn't about education, environment, how much money they started with, who they knew or how much they knew.
P.S.S. Call or email me and tell me you are READY to stop waiting on LIFE and I would be glad to assist you.
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