Are scared of taking the leap to start a business? If YES, here are clues and pointers that will help you know the right time to start a business, so as to increase your success chances.
Ideas rule the world. Everyone has at least one brilliant idea on the inside and that’s why Robert Kiyosaki said that “the world is filled with brilliant ideas.” I have a lot of business ideas on paper; and I bet you do. But one sad truth is that many people will die with their ideas, talent and skill; without giving such idea a chance to manifest.
I have seen people with great ideas; just sit on their ideas and do nothing. Also, I have seen individuals who are enthusiastic about quitting their jobs or starting a business but year in year out; they never seem to be making headway. Why? The reason is because that most individuals with great business plans and ideas are waiting for the right time to start.
Do you dream of starting your own business? Do you have a good business idea or plan on hand? Are you planning on quitting your job to start a business? Now how do you know the right time to start a business?
How to Know the Right Time to Start a Business
Most people with good ideas and plans believe that there is a right time to start a business. But in reality, there is no right time to start a business. Most people wait till they raise millions in capital before starting, others wait until their idea or product becomes perfect.
Some will monitor the political, economic or personal financial situation before deciding if it’s the right time to kick start their business. The simple truth is that there is no right time to start a business. All lights will never go green and all stars will never line up for you; you just have to start anyhow.
“There are three components to starting a business. One is the right product, two is the right people and three is the capital. The sad truth is that rarely do these three pieces come together at once; so you just have to grab one piece and get started. You will have to find the rest along the way. It may take you one, two or ten years to assemble these three pieces. But the point is: just start with what you have.” – Robert Kiyosaki
I believe the statement above has answered this question in its entirety. Using myself as a case study; it has always been my personal philosophy to keep moving forward regardless of the prevailing circumstances. I have never started any business with the exact required capital; most of my businesses were bootstrapped from the scratch.
I also don’t need the best ideas in the world to succeed; once I get the urge to pursue an idea or business opportunity, I just do it. Even when I have a sound idea or plan but lack the capital to execute the idea; I don’t just sit back hoping for a miracle. I will keep learning and making arrangements that are within my capacity; while still trying to raise capital.
“Excuses cost a dime and that’s why the poor can afford a lot of it.” – Rich Dad
So stop giving flimsy excuses, stop waiting for the perfect partner; stop sitting on your ideas. Forget about the million dollar idea or capital; just start with what you have, no matter how small and I will see you at the top.