We, as human beings, are accustomed to living our lives by the calendar. However, reality often doesn’t align with our idea of perfect timing. We attempt to predict the stock market or time major life events like purchasing a home, only to have our plans disrupted by unforeseen circumstances.
We may think we can foresee the future, but the present is ever-changing. And while we wait for the perfect timing to start a business, life goes on, and our entrepreneurial dreams remain just that – dreams.
Today, let’s break this cycle. Instead of fixating on the elusive “perfect timing,” let’s focus on the present and explore why now may be the ideal moment to turn those entrepreneurial aspirations into reality.
Reason #1: It’s Never Been Easier to Run a Business
Technology is the game-changer here. Nowadays, various software solutions offer functionalities that used to require hiring full-time employees at a fraction of the cost:
- QuickBooks for accounting
- WordPress for website creation
- Basecamp for online collaboration
With a wide array of software tools available, entrepreneurs can find solutions to almost any business challenge they encounter. The era of high barriers to entry is fading, making it easier for aspiring business owners to get started.
Reason #2: It’s Difficult to “Time” the Economy No Matter When It Is
Attempting to time the economy, much like timing the stock market, is a risky game. Research shows that consistent action often yields results comparable to perfect timing. This principle applies to starting a business – taking consistent steps towards your goals is key to success.
Reason #3: Credit is Flowing Again
According to Small Business Administration lending statistics, the flow of business credit has been steadily increasing since 2012. This trend indicates favorable conditions for obtaining business loans and financing. Seizing this opportunity now can be advantageous before market conditions change.
Reason #4: Costs Have Never Been Lower
While business credit is more accessible, many startups can be launched with minimal capital investment. With platforms like The $100 Startup highlighting low-cost business ventures, aspiring entrepreneurs can enter the market with relatively little financial risk. The barrier to entry has never been lower.
Reason #5: There’s Never a Bad Time to Add a Second Source of Income
Starting a business as a side project while maintaining a full-time job is a common path for many successful ventures. History is filled with examples of side projects that evolved into billion-dollar enterprises. Having a stable income stream can provide a safety net while exploring entrepreneurial opportunities.
There’s No Time Like the Present
While it’s easy to dwell on past missed opportunities, the present moment is all we have control over. Every successful entrepreneur started somewhere, and the key is to take action now. Whether you choose to pursue your business dreams as a side project or full-time venture, the important thing is to start.
