Best time to start a business.

Kennysplash

Verified member
There is actually no exact time to start a business. But there are things you can use to measure when it's the best to venture into business. The following are some.
1. When you are still young and active. This is a time you are still vigorous and proactive, so it is likely you can succeed in business.
2. When you are goal driven. There are times you have some goals you can't just take off your mind. Something tells you embarking on such goal will be worthwhile, follow your instincts.
3. When you have the idea and the means. Some have the idea but no capital, some have capital but no idea. So if you have time two, then there is nothing delaying you.
What other tips can you add?
 

Seyesystem

Active member
When it comes to business the best time to start business is when you are matured and fully prepared for the business which involved enough capital to start the business and you must have the full knowledge of the business you are entering into. Successful business requires hard work from the owner so that the business will be successful in it business environment. To me once you have enough capital to start the business and you have the required knowledge of the type of the business you want to start then go ahead and start the business age doesn't matter when it comes to business what matters is knowing what you are doing. In business money determine every thing including time to start and how the business Will be successful.
 

Peppul

Active member
The best way to start a business Is if you have your capital ready, because without that it's impossible to start a business. Although there no specific time to start or not to start, but always make sure that any business you want to venture into you already have an idea of such business and probably been mentored about the business, because venturing into any kind of business because you want to make money and not having full idea about the business might not make such business last long before it crumbles. So having a capital or not will always determines if it's the right time to start a business. Also note never take loan to start up a business so you don't regret it later.
 

Alexandoy

VIP Contributor
For me, the best time to start a business is when you have these 3 things – capital, demand, supplies. With the capital it should be more than enough for the estimated needs of the planned business otherwise experiencing cash shortage may lead to closure of the business. The supplies should be always available and with controlled prices. With the demand it should be stable and not just a surge for the moment. If any of the 3 things will not be present then it would not be a good time for a start up of the business.
 
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