Starting a business can be an exciting and scary thing to do. You probably go through the different scenarios in your mind in regards to being successful and failing miserably. The fear can paralyze you, and keep you from getting started. However, there is no time better than now to get your start-up off the ground. Here’s why:
You have the passion for it now
The best time to start a business is when your passion is high. When you’re excited and ready to dive right in, you have the energy to get things moving. If your love for the field you’re going into isn’t there, you won’t feel as motivated to be successful.
One thing about some of the most well known founders of businesses is that they had the passion. Walt Disney was passionate about animation. Steve Jobs was passionate about design. Howard Schultz was passionate about coffee. You have to tap into what excites you and gets you going everyday. There’s no time to waste when the fire is burning inside of you right now.
The economy has been improving
If you were to have started your business at the height of the economic downturn, you would have definitely been making a very risky decision. Banks were not loaning money, companies were laying off employees and going out of business, and stability was at an all time low.
Today, the economy is in a much better place. Unemployment numbers have dropped, the housing market has somewhat stabilized, and there is money to be raised, whether it’s the traditional route of being funded through a bank or raising money with crowdfunding and investors. Financially, now is a good time to get started.
It’s widely accepted
We are now living in a time where pop culture recognizes the world of start-ups and entrepreneurs. There are websites dedicated to getting started, and even traditional media gives start-ups their time to shine. You won’t get nearly as many odd looks if you tell people what you have planned now than you would have years ago.
Your family and friends may prove to be a bigger support system than you would have ever thought. Founders like Mark Zuckerberg and Jack Dorsey are now household names. The possibility of having your start-up become wildly successful is now tangible in their minds, because they have seen it happen in the media.
You’re not the only one with an idea
You know what’s hard about having an idea? You’re probably not the only one who has it. If you have a problem and have come up with a solution, chances are you’re not the first and won’t be the last. It’s not about who came up with the idea first, but who successfully implemented it first.
Think of how many times you’ve heard in the news that someone is suing a company or brand because they “stole their idea”. Unfortunately, ideas do not belong to you. They don’t hold up in court without a nondisclosure agreement. You should start your start-up today so that you get to bring your idea to fruition before anyone else can.
In truth, there’s never a perfect time to start a business. There will always be other obligations, family, bills, etc. You will always think “things will be better when…” and that when won’t truly come without something else getting in the way. So this is the perfect moment to build a start-up, because you want it. The only thing you have to do now is start.