Wednesday, July 25, 2012

When is it the right time to start a business?

Starting a business is just like starting a relationship; the best time to do so is when you have sufficient time to devote to it.

It is possible to start a part-time business when you are still working at a job, in fact sometimes the bankers prefer this!  People have different energy levels and abilities, but you will give yourself the best chance of succeeding if you are fully committed to the endeavor.

It is not the right time to start a business if you are already experiencing turmoil or stress in your life.  If your personal life is in flux (new marriage, new baby, in the middle of a divorce) or if you have other demands on your time and attention (family health issues) it is smart to put off starting your business until your life is more in control.

The perfect time to start a business is not related to age; many successful owners are very young while others are mature and experienced.  It is really a matter of where you are in your life and whether you are ready for the challenge.

Think you are ready to start a business but wondering whether you have what it takes?  Take the quiz on the attached link to see!