Waiting for the BEST Time to Start a Business

I have some friends who want to start their own businesses one day, and others who want to invent something that will make them super rich. In their minds, they will one day create a cool business or an amazing invention that will generate a lot of money. I mean, who isn’t hoping to invent something that will make them super rich and famous? However, the problem is that it isn’t easy to invent something that will generate money and it can be really scary starting a business. But being scared to start a business is quite natural, and the greatest inventors probably failed more times than succeeded in creating something worthwhile. I personally was really nervous, excited, and scared when I started every single business I started in the past, and know that most felt the same. So waiting to feel “less afraid” or “more comfortable” may never happen.

I remember talking to someone who was sharing a business idea he had. He was telling me a lot of great information about the field he was thinking of starting a business in. And he actually was/is very knowledgeable. After he finished explaining, I was like, “so…why don’t you start something. You don’t have to quit your job, you can start it on the side.” And I gave him some great advice about what he could do. Some things like join Facebook groups and build relationships with people and other online/offline marketing ideas that could help him in his potential business idea. However, his answer was that he had to do more research. More research? I thought to myself. And then I said, “you are the most knowledgeable guy I know in this field and you have lots of experience working in companies in related fields.” But even after saying that he probably had enough knowledge/information to start the business, he brought up some guy who was making a lot of money in the same field and how he knew less than him.

So, are you waiting for the “best” time to start a business? Maybe you are waiting till you get more experience, or you have more money saved up. Well, if you don’t have enough money to start the business you have in mind, then you have no choice but to wait till you get enough money. But at the same time, you can still start today if you change your plan and be a little more realistic. Or you can be preparing yourself for when you do save up enough money.

The truth is that you will never be 100% ready and something will most definitely not go as planned, but that’s all part of being an entrepreneur and taking risks. You just need to do your best to minimize the risks and adjust as challenges come your way. There are so many people with great business ideas who think they can run a business better than their employer. But they don’t do anything to execute on their ideas or plans. They always have excuses as to why they aren’t ready to start their business. And basically, they are just afraid to get out of their comfort zone. I’m not saying that you should just go and put everything on the line, but you can definitely make something on the side if you put in the work. But people don’t want to put in the work. I mean, I want to be lazy at times too, but at the same time, I get angry at myself for being lazy. So I feel the same at times too, but you have to take some action, no matter how small it is. Maybe you just lack desire to really do anything, but I don’t think that’s the case because you wouldn’t be reading this blog post if you truly had no desire.

My advice to you is to write down 3 things you can do to bring you closer to starting your business idea. For example you might write down the following 3 things:

  1. Meet someone who actually did or does a business similar to what I want to do and ask them some questions.
  2. Go to the tax office in your area and find out how you can actually register your business.
  3. Create a Facebook fan page of your business (you don’t necessarily have to tell anyone about it yet)

So these are just 3 action steps you can take to get you going in the right direction. As they say, Rome wasn’t built in a day and neither was Flower Gift Korea or my past hagwon business. I actually bought the domain (website) name for my hagwon almost a year before I opened up my school. But I believe buying the domain helped to make sure that I would start the business, which I did. So take some action steps, small steps are great too, but you need to take some action steps because the more things you do towards building your business helps to create a snowball effect and you’ll soon have the motivation/inspiration you need to take action.

And! If you are having trouble doing business action steps, do some housework or something where you feel a sense of accomplishment. I usually get motivated to do some work after I finish folding the laundry, finish doing the dishes, or even after making my bed. That feeling of accomplishment can be the push that you need to get your business off the ground. Take some action stepsĀ because the best time to start a business is NOW!

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Tony Teacher

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