When Is The Perfect Time To Start A Business?

When is the timing ever right? Think about past instances in your life when you were waiting for the perfect time to do something and it ever actually paid off. The same applies to starting a business.

So, when is the perfect time to start a business exactly? In short, the answer is: NOW! There will never be a perfect time to start your first business. In fact, you should have started it yesterday.

Why You Shouldn't Wait Until The “Perfect” Time

First of all, there is no such thing as perfection. Things can always be improved, tweaked and revolutionized over time. The same thing goes for starting something or taking a certain action.

You will never have a perfect scenario or perfect amount of time to wait before you do something that needs to be done. Waiting for the right time will only waste time you can't get back.

Don't Waste Your Most Precious Asset

Life is short. You can always make more money, eat more food, watch more TV, but you can't earn more time. Your time is your most valuable asset because it is impossible to get more of it.

You're also not going to be getting any younger, so the younger you are when you get to enjoy the lifestyle your business has given you, the better. Now, is the time to start your business.

A Few Quotes To Put This In Perspective

“Version 1.0 is always better than version 0.0”

I'm not sure who this quote actually came from, but it really illustrates the importance of just getting started.

Getting started with what you have is always going to get you more results than not starting at all. Some people make the mistake of trying to learn everything first and waiting to time it just right.

These new entrepreneurs later find out that all that time they wasted not working on their business could have been spent gaining valuable experience and making a little money instead of none.

Another quote comes from Tim Ferris, author of The 4-hour Work Week,

“The timing is never right… The universe doesn't conspire against you, but it doesn't go out of its way to line up all the pins either. Conditions are never perfect. “Someday” is a disease that will take your dreams to the grave with you.”

If you keep procrastinating, you'll look up one day 10 years later and wonder why you kept putting off your dreams.

Like Tim Ferris illustrated, the stars will never just line up for the perfect time to start your business. You have to start now and correct as you go.

What Will Happen If You Wait

If you don't start your business now and keep telling yourself that someday you will, but just not until you're ready, here's some of the things you'll probably deal with:

• You'll still have that crappy job you hate, taking orders from a boss.
• You would probably get depressed. You would feel like a failure for not acting on your business and betting on yourself to accomplish something great.
• You most likely wouldn't leave much of a legacy or impact on peoples' lives. Lets face it, history remembers the bold and the ones who said “screw being average, I can make a difference.”
• Your talent might just go to waste. A lot of people start a business because they have a talent that they are passionate about and they want to use it to make a great lifestyle for themselves. Here's some other reasons to start a business.
• You'll be less and less likely to ever start the business in the future. The longer you wait, the more excuses you can come up with for not getting started.
• You won't enjoy your life as much. Take Time Ferris for example… If he never acted on his dream of starting a business, he would have a 40+ hour work week, not a 4 hour one.
• You won't have that much to leave to your kids. I always love the stories of people who go out there and build an empire and let their kids take it over without them having to ever struggle.
• You probably won't ever get to enjoy the finer things in life. Whether you want more vacations around the world, exotic European cars to drive or a 200 foot yacht, it will be nearly impossible to experience those things as someone's regular employee.

I could go on all day about what could happen if you don't start your business today. A lot of people get into that “maybe tomorrow” mindset and go their entire lives unable to get out of it.

It's Not What You Know, It's What You Do

I wanted to address a common problem with many people that I also struggled with myself when I first started a business. The problem is people tend to try and learn everything first before doing anything.

You may be the smartest person in the world, but if you don't apply your knowledge to anything, it is completely meaningless. Don't try and learn everything before taking action.

Too many people buy countless training courses, read hundreds of books, thinking that they will be able to do everything perfectly from day one when they are ready to start their business.

But, let me tell you from experience, this is not the case. Experience is much more valuable than book knowledge.

Don't get me wrong, I am a huge believer in reading daily and always educating yourself, but it can't get in the way of action.

The best thing to do is start now and use the 80/20 rule: 80% of the time you apply knowledge and take action. 20% of the time you learn more through reading and training to get better.

If you learn regularly and actually make it a priority to apply the same day you learn, the results you get will be unimaginable.

Conclusion

If you have a passion, a dream or just want a better lifestyle for yourself and family, start your business as soon as possible.Don't wait until tomorrow or “someday”, because if you do, the right time will never come.

I don't want you to live a life or regret. I want you to live a life or prosperity and happiness. So, please take my advice and start your business TODAY. Let me know if you made a decision to start your business and what that business is in the comments below.