Sorry, there is no best time to start a business. Read on…
Some would say that it’s now.
Some would say it’s in your 30s.
Some would say it’s when you are in school.
To me, it’s the time when you are feeling an unstoppable feeling of desire to bring your idea to life.
Let’s face it, starting a business is hard. Running it is even harder. Without strong desire, your time is better spent elsewhere.
Sure, you have your concerns:
What if it’s not a good idea?
You never know. Is Uber a good idea? Many people didn’t think so at the early stage. Just ask Gary Vaynerchuk. Similarly, there are many ideas that people thought were amazing that didn’t turn out well. Think Segway.
The only way to find out if your idea is good is by bringing it to life and see if stands the heat of life. Of course, your ability to execute matters too.
What if I’m not sure if this is something I want to do for life?
Think of it this way, you are not marrying your startup. Feel free to sell it, close it, destroy it. It’s up to you. Treat the first few years like a relationship with your boyfriend or girlfriend. It’s a time for you to find out if things are going to work out. And the only way to find out is when you commit to it and not by dreaming about it.
What if I have other commitments like a job, newborn baby, and just took up a housing loan?
Erm… so that’s your excuse? I quit my day job when I was 28, having just bought a house, got married, and my baby boy was just born.
I started a business in my final year of college while being busy with the thesis paper. I started another business soon after getting married. I also started a side project (profitable) while the economy seems to be tanking.
I could have waited. But I didn’t. Because I felt an unstoppable desire!
I’m not saying all these to brag.
I’m saying this to bring you to your feet.
Too many people are simply waiting for the right time to come. The day when you have don’t have to worry about money, no responsibilities, and have too much time on hand. You only get that twice in life: Once when you are a kid, and when you are retired.
At every stage, there is something to hold you back. That’s life. Accept it.
None of the great businesses waited for the right time. Apple, Microsoft, GE, IBM, FedEx, Hyatt hotel, Burger King, were all started during a recession. They didn’t wait for the right time.
If you are waiting for your day to come, be ready when it comes. The day when you feel the burning desire to bring your idea to life, that’s YOUR best time to start a business!