Published on January 15th, 2019 | by Jose Vasquez1
The Perfect Time to Launch a Startup Tech Company
When is the perfect time to start a new business?
Millions of people dream of owning their own business, and thanks to the prevalence and convenience of online resources, it’s easier than ever to launch your own startup. But most people find themselves in a dilemma. They’re already involved in a mainstream career, and they may not have the time or money to start a business conveniently. At the same time, if you wait too long, you might miss out on some of the flexibility you have while you’re young.
So what’s the perfect time to launch a startup?
Ideally, you’d be able to fund your startup completely on your own, without having to worry about the consequences of failure. But only a tiny fraction of people will ever get to this point. Instead, you have to count on the idea that you’ll need external funding to get your startup off the ground, and if that’s the case, it doesn’t really matter how much money you have to start.
More frequently, people avoid starting a business because they have too many existing time commitments. They may want to remain working full-time, or may have family responsibilities to manage, and they recognize that they wouldn’t be able to dedicate themselves fully to a new business. But these commitments will always take up your time; in fact, they’re only going to get worse as you get older, so they shouldn’t stop you.
There’s also the experience factor. When you’re very young, you’ll have practically no time commitments or responsibilities to hold you back—but at this age, you probably won’t have the experience or maturity necessary to run a successful business.
There’s No Perfect Time
No matter when you choose to start a business, there will be benefits in your favor and challenges working against you. There’s no such thing as a “perfect” time to start a business, so you have to move forward when you have a good idea and the passion to see it out—regardless of what other factors are in your way.
If you need help determining the best course of action when starting a new business, contact me today—I’ve helped dozens of business owners like you work out the ideal business plan for their idea.