Business Start Ups – Is Right Now a Good Time?
So I had a conversation the other day, I thought I’d share. The conversation was about business timing. The question I was asked was – When do you know it’s the correct time to start a business? Then I was asked, Is now a good time to start one?
Wow! What loaded questions! I guess I need a disclaimer just on this post! I think it depends on who you ask. Depending on if your think half full or half empty on the economy. Your own views of the economy would reflect in the answer you’d give, I guess.
Well I have a few thoughts on this. A very humble opinion from a very humble lady.
Well we all know the economy is way down. On the other hand we all know of some businesses who are still doing well. If your very fugal with running your business, your OK. If your business is a necessity, you can do well. I know of a few businesses who are doing great. They may have a business on the dirty side, but it’s a necessity.
We all know the free following money period, we went through as a nation is gone for good. The free money for mortgages, having fun spending your home’s equity, and the easy loans are all gone.
That being said, people who are willing to think outside the box and try new things can make it. If you have a more modest approach to doing business, you can do fine. So if you want to start a business on a shoe string and think smarter about your spending, you may just make it through this rough time. If you want to run out and spend tons of money on a start up company, I would hold off . Right now doing so would not be the time, you’ll be belly up in no time. Think smart and act smart with your money.
I do think this is a great time to put your ideas and thoughts together, while taking it slow. The pace to take is slow steady – baby steps. Think things out very well before you act. This is a great time to wait out and learn as much as you can, if you want to start a business – Research, Research, Research.
We are all watching and waiting to see how the economy is improving here and there. We are seeing small signs of some improvement. I’d be real savvy. I approach my business at all times like it’s a savings account more has to go in than out.
On a personal note, I am a talk radio fanatic. I’m a big Dave Ramsey fan http://www.daveramsey.com I love to hear all the opinions of others. Some on talk radio, just follow with the common sense of our previous generations, Dave does. Dave Ramsey gives common sense business advice. Radio talk shows are a great place to at least get you thinking.
I’d would love to know what your thoughts are too. So really please email me and/or comment. I’d really love to hear what your thoughts are on this matter.
69 Responses to “Business Start Ups – Is Right Now a Good Time?”
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