Best time to start a business

If you ask people the best time to start a business, some people will say you should not start a business when the economy is “bad.” The possibility is that this “expert” has never started a business, or they never succeed in their own business.

Right, it’s harder to start a business when the economy is bad, but the reason you start a business is to be successful. So, when is the best time to start a business? Think first for a while.

Let’s look at two people who have the same idea – open the pizza restaurant in a particular environment. Guy “A,” Andy, open now, in a slow economy. He has difficulty borrowing money, so he started small, found a place when rented cheap, and worked outside the creative agreement with used equipment suppliers, or buying used equipment on a failed business auction sales.

Andy started, building his business slowly and be careful with his money. Along with the increasing economy, Andy’s business grew; He has overcome the determination in his menu, the service and quality. He learned how to run a business with a small investment and with low overhead. Andy’s Pizza Shop now has loyal and loyal followers.

Guy “B,” Bill, on the other hand, listens to someone who says bad economy is not the best time to start a business. So, he waited for two years for the economy to improve. The loan money was easy to find, so he found a large and expensive location in the neighborhood, bought expensive equipment and opened the Pizza Bill Palace. At first, people flocked to see the magic of this new architecture from the pizza shop.

When new customers enter the “palace,” they meet with high prices, poor quality and inexperienced management. Bill has too much money invested in his frills – luxurious location and luxurious and expensive equipment. He was unable to compete with Andy because the overhead was too high.

Andy learns how to run a place when money is tight and there aren’t many customers. When he made a novice mistake, it doesn’t cost much and not too many people know about it. Andy has two years of experience and low overhead, while Bill has no experience and many overheads. At this point, who will you put to stay in business a year from now? I dare bet in Andy.

Now, what do you think about the best time to start a new business?

By the way, I have seen this type of scenario playing several times, in several ways; Luxury restaurants or pizza stores open and bankrupt within six months or a year, while small shops grow slowly and stay around for years. In fact, I started a small food business in a bad economy. People tell me that I made a mistake. When the economy improved, my business is very established so that no one can open and successfully compete. Others try, but fail.

However, the question is still not fully answered. When is the best time to start a business? Snowy. Now is the best time to start a business. Actually, whenever it can be the right time to start a business, provided you have planned it completely and you don’t waste a lot of money. Take your time and learn your business. Know that you will do some mistakes at the beginning, but if you can learn from your mistake, you will be far in front of anyone waiting for the right time or perfect plan.

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