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5 Signs That Says You're Ready to Start Your Business
Have you been thinking about starting a business but aren’t sure if you’re ready or if the timing is right? The good news is you’re not alone. In 2022, 5 million new businesses were created—a staggering 42% increase compared to 2019 (pre-COVID), according to a recent survey. Why the surge?
Factors driving this entrepreneurial wave include:
Losing a job due to layoffs - technological advancements coupled with recession led to layoffs, especially in the tech industry. With nowhere else to turn to, starting a business is a no-brainer, especially for those with the right knowledge and skillset.
Fear of being laid off from a job - those left behind after the layoff are left wondering how long they will have their jobs. This lack of security will either make them look for a job someplace else or think about starting their own business.
The growing inflation rate means families are struggling to make ends meet with salaries alone, hence the need for an additional source of income.
Finally, the rise of a hybrid work culture encourages business-savvy individuals to start their businesses.
Maybe you have a different reason for wanting to start a business, or maybe you’re one of many people who fall into one or more of the categories mentioned above. Here is the first thing to know: There is never a perfect time.
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Waiting for the perfect time to start a business may seem like the smartest thing to do. But that will be a huge mistake for one main reason: there is never a perfect time. Better still, there’s no time like the present. A famous adage says the best time to start is yesterday; the next best time is now. Yes, the earlier you start, the better.
If you still have a job at the moment, that makes things easier since you don’t have to worry too much about where your next paycheck will come from. Another reason why a lot of people delay starting their business is because they feel they don’t have adequate knowledge or skills. That may be true, but in reality, you can never be prepared for what lies ahead.
The best time to start is yesterday, the next best time is now.
Lessons are an important part of the journey. Either through failure or mistakes, you will gain valuable insight that will help you succeed, even if it’s not in your first attempt to start a business.
Ariana Huffington, founder of The Huffington Post, was rejected many times and received very little support in her race for governor of California, but later leveraged the knowledge she acquired through failure to start “The Huffington Post.” Which was a success. Most people would be discouraged by failure, but Huffington calls it a necessary part of success.
So, how do you know you’re ready?
#1. You feel uneasy waiting any longer
When you’re not ready, waiting feels comfortable. You spend time thinking about your business idea or talking to others about it, but you’re in no rush to take action. That changes when the right moment arrives—you feel it in your gut.
Suddenly, waiting no longer makes sense, and the idea of delaying any further starts to feel unbearable. This shift could be due to any of the reasons mentioned earlier or maybe something personal that’s hard to ignore. Either way, if the thought of getting started feels urgent, it’s a sign that you’re ready.
#2. You’re frustrated with your current job
At the start of your career, your job might have felt exciting and full of potential. But over time, that excitement can wear off. Maybe you’ve lost interest, or your work no longer aligns with your goals. For some, this frustration leads to a career change. For others, it sparks the desire to start a business.
If you’ve been feeling unfulfilled or restless in your current role, it could be the nudge you need to act. Hold on to your job long enough to get your business off the ground, but don’t ignore the dissatisfaction—it might be pointing you toward something better.
#3. You don’t have all the answers, and that’s okay
Fear of the unknown is natural, but it shouldn’t hold you back. Nobody has everything figured out when they start a business. The truth is clarity comes from taking action. Think of it like driving through fog.
You can only see a few meters ahead, but as long as you keep moving, the path becomes clearer. It’s the same with starting a business. You don’t need to see the entire journey—just trust yourself to take the first step and figure out the rest as you go.
#4. You’re driven by passion
Passion is a powerful motivator for entrepreneurs. It pushes you through tough times and keeps you focused on your goals. If your current job doesn’t align with what you’re passionate about, it can leave you feeling empty and unfulfilled.
Unresolved passion creates a void that’s hard to ignore. If you find yourself longing to do something more meaningful—something that excites and motivates you—then it’s time to channel that passion into action.
#5. You’re no longer comfortable in your comfort zone
A stable job can feel safe, but it can also become a trap. If you’ve started feeling restless or uneasy in your comfort zone, it might be time to step out of it. The pandemic showed us how quickly circumstances can change.
Many people were forced out of their routines and into entrepreneurship when their comfort zones disappeared. But you don’t have to wait for external forces to push you. If you feel unsettled where you are, it could be the perfect moment to embrace the unknown and take control of your future.
Always Remember that;
Starting a business isn’t easy, and the timing will never feel perfect. But that’s exactly why the best time to start is now. If you’re feeling restless, frustrated, or unfulfilled in your current situation, listen to those signs. You don’t need to have it all figured out—you just need the courage to take the first step.
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Until next time, Best Regards.
Alex