When is the right time to start our small business

Quote source : USAToday
Image source : Business Centre

If you’ve been thinking about starting a business, perhaps you’re waiting for “just the right time.” But is there ever such a thing as just the right time to go into business for yourself? Sometimes it’s the right time, and you’re not even aware of it.

When I launched my own company, it wasn’t a result of great planning. Like many others, I was stuck in a job I didn’t like, burned out. But I didn’t know what to do instead. And I had been taught, “Never leave a job until you get another one.”

So I kept going to work – dreading every Sunday night because it meant another long work week of drudgery. I was young but felt old. I didn’t want another job in my same field. I didn’t want to go back to school. I had reached a dead end.

I’d dare say 9 out of 10 reading this can understand that feeling of drudgery every Sunday night. In my case, during the last 2 years of my salaried existence, I dreaded Monday nights because Tuesdays were “department heads meetings” where the boss would shred us to bits, call us unspeakable names and then leave us to meet his expectations with no budget and no support. It was a terrible cycle and ALL of us felt miserable. All we knew was that we wanted out. We would talk of starting our own business, but we kept waiting :

  • for money to drop from the sky
  • for the “perfect” opportunity to arrive
  • for the time when we had “more” experience
  • for a “divine signal from above”

Then something unexpected happened: while walking my dog, I met a man who needed help with a project completely unrelated to anything I’d ever done before – developing a business plan.

I had found my calling! As it turns out, I love helping entrepreneurs build companies. It’s been my passion ever since. Without planning for it myself, I was in business!

Lots of people find their calling by accident. It’s as though a higher power “arranged” the sequence of events to enable them to “stumble” upon this calling.

MOST people find their calling in two old fashioned ways - by hard work or by trial and error. It’s easy to read about how people “accidentally found” their niche and expect that the same ought to happen to us. So we wait for some divine intervention and when it doesn’t come, we find solace in thinking that “well, it isn’t meant to be”.

So many of you are thinking to yourself now… “Yeah, that’s right… I’ve got to be bold, be daring… I’m gonna quit my job and BE MY OWN BOSS!”.

Before you do that, read on :

What are the indicators that it’s time to hang up your own shingle, become your own boss?

  • Your skills are in great demand. When your boss can’t afford to lose you is when you can most afford to lose your boss. If a lot of companies need people with your abilities, it may be an ideal time to start your own consulting or service company.
  • You’ve developed new skills, interests, or contacts. Perhaps you’ve gone back to school or finished a training program. Perhaps you’ve pursued a hobby or been exposed to a new part of the business world that interests you.
  • The economy is hot. It’s great starting a business in a booming economy: investors have more money, customers have more money, and you probably have more money. That makes it easier to get financing, to secure sales, and to stay optimistic.
  • The economy is cold. If you’ve been downsized – or your employer is in trouble – you’ve probably got a lot less to lose by starting your own business.
  • You’re going through life changes. Sometimes the best time to start something new is at a turning point.
  • You can’t take it anymore. Can’t stand your job? Some of the most successful entrepreneurs I know are people who can’t stand working for other people.
  • You just can’t stop thinking about starting your own business.

In the end, despite whatever you’ve read, heard or seen, one question remains :

Life is short; what are you waiting for?

Popularity: 11% [?]

Liked this post? Please share it :

These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Technorati
  • StumbleUpon
  • Facebook
  • MyShare
  • Google
  • Live
  • Netvouz
  • description
  • Wists
  • blinkbits
  • Bumpzee
  • Fleck
  • Furl
  • NewsVine
  • description
  • Spurl
  • YahooMyWeb
  • BlinkList
  • De.lirio.us
  • Linkter
  • Reddit
  • TwitThis
  • BlogMemes
  • co.mments
  • Haohao
  • MisterWong
  • Propeller
  • RawSugar
  • Shadows


Related posts :