We have currated responses from industry professionals and entrepreneurs on when is the best time to start a business.

Jessica Rhoades What Is The Best Time To Start A Business

Jessica Rhoades

The perfect time to start a business is in the middle of change...whether it is job loss, retirement, maternity leave. Your life is already experiencing change and chaos and that is the perfect time to change your career and start a business. So many people wait for the perfect time and never feel like they reach perfection. The perfect moment may not come but change, whether intended or not, does happen in our lives. We all have dreams and there never seems to be a perfect time. Don't say...if just this aligns up..then. Write out your business idea and plan. Change in you life is the perfect time to chase after you dreams. If you never try, you will never know. I call this the perfect storm.

I personally experienced this perfect storm when I was pregnant with my 3rd child. I did not plan on having to be on bed rest, taking early maternity leave, my childcare no longer aligning up, and a work culture rapidly changing that no longer aligned with my goals. I then decided it was the perfect time to chase my dream and start my own business. I started Create IT Web Designs in Cincinnati, Ohio that focuses on web design, development, and SEO for small businesses. I knew starting a new career and being an entrepreneur would be a tough challenge, but I was up to the task. It would be especially so since I had a young child at home. I took on clients quietly for many years until my youngest started Kindergarten until I pursued web design as my full-time career and passion. Followin my dream and starting a business has led me to tremendous growth both professionally and personally.

Danny Scott What Is The Best Time To Start A Business

Danny Scott

In my experience, there isn’t a best time to start a business, especially in terms of feeling “ready”. I don’t think there was any point in time where I thought “right, I’m ready to start my business journey”. I’ve always enjoyed building things and solving problems, and from here, becoming an entrepreneur just happened before I even realised I was an entrepreneur! I will say though that before starting a business, it’s important to be ready from a financial standpoint. I wouldn’t advise anyone to leave their full-time job to jump into the business arena. It’s far wiser to work on side hustles and get some momentum going before setting up a business properly.

Rod Santomassimo What Is The Best Time To Start A Business

Rod Santomassimo

During my career, I have been a COO of a start-up telecom firm, a CFO of a regional law firm, an EVP of an international real estate brokerage firm, and I have owned commercial real estate firm. In addition, I co-founded a college lacrosse recruiting service, and I invented and patented a watch to track workouts. I finally decided that my strength was in coaching business professionals to achieve their success and run their own businesses. As someone who has started my own company during several phases of life and in my career, I have started businesses when I was single, when I was married, with kids, without kids, during full-time employment and when unemployed. For me, the best time was when I finally committed to never working for anyone else again; this occurred after accepting my income. My opinion and potential would forever be capped if I continued to be an employee.

It took several careers, and quite a few failings to get to my “best time”. In fact, for me, the best time coincided with the Great Recession of 2008. This created greater challenges and required more commitment than if I had started during a growing market. Interesting enough, I just started a new division of my company when the market recently trended to a recession because of the pandemic. Something about starting in recessions create a greater sense of urgency. And, if positioned correctly, you get to help people who really can use your services.

Beatrice Mangar What Is The Best Time To Start A Business

Beatrice Mangar

The best time was yesterday! But you can also start right now. The sooner you start your business, the faster you can 'fail'. This means you get to make the mistakes that help you grow, or validate your idea so you can find the one that will make you profitable.

Chris Kaiser What Is The Best Time To Start A Business

Chris Kaiser

the best time to start your company was 10 years ago. The second best time is now. Regardless of the current Covid-situation, *now *is usually the best time to start a company. Why wait? The worst thing that can happen is that you fail, and have to start over again. But by failing you will learn a lot - especially a lot that no business school can teach you. So throw yourself out there and give it your best. Every further day you wait is another wasted day on which you could have gathered super valuable business experience.

Khris Steven What Is The Best Time To Start A Business

Khris Steven

The best time to start a business business is when you feel that there's a need to be met and an audience to satisfy with the products or services you wish render, plus, you're fully capable of what it takes to embark on that business venture. Obviously, starting one's business could be one of the best decisions to make - one that leads to freedom, control, and lots of benefits. But you wouldn't want to go into a business for your own selfish interest, then months afterwards you find yourself struggling to survive in it. The thing is, when you see an empty hole to be filled in any market and you have the required resources to fill it - go for it! No better time than starting a business other than when a problems needs to be solved and solutions are are limited or out of reach.

Shari Smith What Is The Best Time To Start A Business

Shari Smith

The best time to start a business is now. Strike while the iron is hot. Have a great idea? Read about it, learn about it. With all the time in the world at your disposal right now due to the lockdown and the stay home orders, it's time for you to act. Learn a craft, a trade, or a skillset. Get those ideas flowing and that blood pumping. This is the time to step up the game. If you already got a skillset its time for you to be the greatest and be the best at it. The idea here is to learn while you are in quarantine. Be productive. Be your better self. It’s taking up an idea and doing something about it. And if you’re lucky sometimes some hobbies can become business ventures too. As for me, I too am a business owner and I’ve had to come up with new ideas for my business and try to be on top of my game while the pandemic is still out there. There has been a massive shift to work from home. 88% of organizations have encouraged or required their employees to work from home. Remote work is here to stay. 74% of companies plan to permanently shift to more remote work post-COVID. Setting up a business from home right now might not be a bad idea.

Reuben Yonatan What Is The Best Time To Start A Business

Reuben Yonatan

Yes, there is a best time to start a business, as soon as you get/have a business idea. While a lot of people have ideas, there are very few who follow through and execute those ideas. By following through and implementing the idea, you set yourself apart.

Oliver Andrews What Is The Best Time To Start A Business

Oliver Andrews

YES. Because, after the Covid-19 pandemic, most of people start using the Internet for everything whether they are related to online shopping or online courses. But before starting an online business, you must need deep research about your niche of the business. Apart from that, you need efficient money and time to optimize everything.

Will Craig What Is The Best Time To Start A Business

Will Craig

Two years ago, I was on the lookout for a new business vehicle for my digital agency and soon realised that the car leasing process was outdated. Customers lacked proper research tools and had to manually compare leasing deals from dozens of brokers, wasting their time and costing them money. Problem-solving is my forte and I immediately saw a solution. By reinventing the outdated leasing buying process and giving control back to the consumer we could give them an invaluable tool for researching and comparing leasing deals.

I would say the best time to start a business is now. Once you have identified an introductory pain point or missing element within a marketplace, you need to fully immerse yourself within that market. Be a knowledge sponge and get to know ALL the ins and outs of the industry. When LeaseFetcher launched into the car leasing industry, we had grown from a newcomer into a trend setter within the space of six months. If you are not the one to act first on opportunity, then you can be sure that your competitors certainly will.

Jack Wang What Is The Best Time To Start A Business

Jack Wang

I treat a business venture like a romantic relationship. I wouldn’t get into it if I don’t have time to devote my undivided attention to it. In both scenarios, you need to have the dedication to see how things are everyday and to be sure that you’re on top of things.. The moment that you take your attention away, there might be unfavorable consequences in return. If you want your business venture to succeed, it has to be on your mind, 24/7. It is not something part-time that you only take care of during the weekend. You have to treat it like a career in order for it to be something you can make a living out of.

Simon Ensor What Is The Best Time To Start A Business

Simon Ensor

I was also having this exact conversation over the weekend, so here are my thoughts: Don't quit your stable job just yet, even if you don't like it. If you start a business you're likely to go through a period of financial insecurity...so enjoy it whilst it lasts. It has never been a better time to start a business. I'm a big fan of the
recent marketing campaign by a well known website builder, using the phrase A website makes it a business. The great thing is that websites don't have to be expensive. Pre-built templates are cheap, whilst drag and drop editors have grown in complexity considerably over the past few years.

This means that you can perform substantive testing of your business before taking the plunge. You are able to set up a website and social media presence, gain feedback and iterate with very little start up costs. It makes no sense to invest your savings in an unproven model. Guess what? If the testing period is successful, it makes that final decision of starting the business and potentially resigning from your job that much easier.

Aaron LeBauer What Is The Best Time To Start A Business

Aaron LeBauer

This is what you need to do: You need to take responsibility for yourself, for your family, for the life you want. It's never going to be the right time to get started. It's never going to be the right time to grow. It's never going to be “right.” The best time to do it is now. Maybe even yesterday. Every day that you wait, that you pause, that you make an excuse for delaying, you’re losing out on making a massive impact in someone else's life. (Or maybe millions of lives!) Don’t wait for perfection because perfection is a business killer. In business, 80% is good enough, so not having everything perfect isn’t an excuse. Start now. Don't hesitate. If you have kids, how did you know it was “the right time” to have them? I grew my business with a baby and another on the way. I know more than anyone that it’s never the right time. So, stop what you’re doing and take action right now on what you want to achieve.

Marius Migles What Is The Best Time To Start A Business

Marius Migles

Yes, yes, a best time to start a business exists. That time in my opinion depends on each person. Of course, you need a business plan, a strategy, a budget, a little luck and if your business relies on other people, you need professional and reliable people. I think the most important element in starting a business is your passion for that business. You have to ask yourself, Am I eager enough to do this? A business involves a lot of research, from researching and comparing the competition to the benefits of your business. Do you have that unique selling point? What you provide helps your customers in a way that your competition doesn't? The best time to start a business is when you answer all of these questions and when you are ready to take the first step. It doesn't have to be perfect, but you have to think about many scenarios and invest a lot of time in your business.

Fabrizio Moreira What Is The Best Time To Start A Business

Fabrizio Moreira

With most citing lack of time as the reason not to start a business, simply start now. Not having the time is just one of the major excuses, and since most people have jobs that fill up their 8-5 daily schedules it's important to block off part of the remaining hours you are awake Monday through Friday This requires waking up early, starting at 5am until you have to leave for work, chopping away at your new business during lunch and then after that precious dinner time with family. Oh, then there's the weekend. Make the sacrifices, put down the TV controller and block off 8-12 hours each weekend to make your dreams a reality.

Norhanie Pangulima What Is The Best Time To Start A Business

Norhanie Pangulima

When you decide to start a business, there are factors that you should consider first like money or funds, location, suppliers, and many more. How about timing? Is there a perfect one? I don’t think so. In fact, according to data from the Bureau of Labor Statistics: about 20% fail in their first year, and about 50% of small businesses fail in their fifth year. This tells us that whatever time you run a business, it will either fail or succeed. It always depends on the type of business you want to start. Though timing can be a factor, you’re the one to create and make the time perfect.. For example, you are looking at starting an ice cream business, is the cold season a good time for this type of business? So, for me, there’s no best time to start a business, but the best plan to start one.

John Howard What Is The Best Time To Start A Business

John Howard

I always believe that no one will ever know exactly when is the right time to start a business. Whether it is before, during, or after a crisis, nobody will be able to say for sure that you will quickly attain your business goals. But as long as you have strong knowledge and grasp about the industry you are planning to partake, you can invest in the right resources and acquire useful relationships to gain customers or clients, then, you should go for it. In addition, a few more important things that I have learned from my studies and in my journey of starting my own venture is that one must have dedication, love, and passion for what he or she is doing and be aware of the risks so you can accept the fact that there is always a possibility of failure. Just trust the process, have faith, and enjoy while you are learning new skills and experiences.

Tej Brahmbhatt What Is The Best Time To Start A Busines

Tej Brahmbhatt

For many reason NOW is the best time to start a business. Now meaning always a good time and not to procrastinate. But now during quarantine, you have much more time on your hands and a much more captivated audience as well. You either will take advantage of this unprecedented time to start some form or virtual (online phone mail etc.) business that could serve of great value to many immediately. For those who wish and have a plan to start a brick and mortar business, this may be the time to plan, structure and map out that business so once we are back out and about (everything is temporary as is this), you are set up for success! So launch now or prepare now to launch post quarantine, either way this is an unprecedented time which likely may work in your favor.

Brian Lim What Is The Best Time To Start A Business

Brian Lim

Before I went full time with my companies, I was working as a Business Technology Analyst for Deloitte Consulting for a couple of years. Figuring out the best time to jump into the boat with both feet and knowing you won't fall short or drown is one of the toughest decisions for entrepreneurs. I asked myself this question all the time and spoke about this topic with mentors and business folks that I respected. Ultimately, I continued working my day job and ran my side business during the nights and weekends until the business made enough revenue and profit to replace my day job. At that point, it was a no-brainer that I could increase revenue greatly if I could dedicate an additional 40 hours (80 hours total) and be solely focused on the business.

Jessica Rhoades

Jessica Rhoades

My name is Jessica Rhoades and I own Create IT Web Designs in Cincinnati, Ohio that focuses on web design, development, and SEO for small businesses.

Danny Scott

Danny Scott

The CEO and Co-Founder of leading UK Bitcoin exchange, CoinCorner, Danny Scott is an entrepreneur and software developer. With 10+ years business experience, Danny co-founded CoinCorner after spotting a gap in the market for a place to easily buy Bitcoin in the UK in 2014. 6 years on and the CoinCorner team supports 200,000+ customers in more than 45 countries globally. Our mission is to make Bitcoin easy through helping people to buy, sell, send/receive it. We offer a variety of Bitcoin services, including support for businesses with an interest in accepting Bitcoin as a payment method via CoinCorner Checkout.

Rod Santomassimo

Rod Santomassimo

Rod Santomassimo, CCIM Founder and President Massimo Group, LLC

Beatrice Mangar

Beatrice Mangar

Beatrice Mangar is a Mauritian nomadic mentor and visionary entrepeneur. With her signature mentoring program and online courses, she teaches creative wanderers how to achieve a sense of home within and design a location-independent lifestyle while embracing slow living. For over 18 years, she has worked and lived abroad, learning how to create a life of freedom. Her story and her former blog Mademoiselle Nomad has been featured in print and online media, as well as on Mauritian and South African radio. Beatrice inspires over 16,000 loyal followers globally on social media. She is available to comment on nomadic and slow living, personal branding, and entrepreneurship. When not working, she can be found wandering in a foreign city with her husband, relishing a cup of tea and a good book, or writing from a café.

Chris Kaiser

Chris Kaiser

Chris has worked and lived on five different continents to date. He earned his first online dollars location independently in 2006, long before the term digital nomad had been coined. In 2018 he started Click A Tree, an initiative to make sustainability dead-simple. Click A Tree allows both individuals and companies to plant trees by clicking their mouse from the comfort of their screen. Sustainability won't get much easier than this.

Khris Steven

Khris Steven

I’m an online marketer and blogger, using my blog as a leverage to write about my favorite marketing tools, online marketing trends, tactics and help YOU make money online.

Shari Smith

Shari Smith

I am Shari Smith, a business coach and founder of Shari-sells. I’ve been selling on eBay for over 14 years and sell over $ 2.1 Million. I have once sold a Rolls Royce that the Queen of England used on a trip to Sudan. I have been sharing my insights on topics such as eBay, eCommerce, social media marketing, digital marketing, and much more.

Reuben Yonatan

Reuben Yonatan

Reuben Yonatan is Founder and CEO of GetVoIP.

Oliver Andrews

Oliver Andrews

Oliver Andrews is the Owner of a company named as OA Design services. He has a passion for all things Design and SEO. Throughout his life, he has always been very creative. Outside of work he enjoys traveling, fishing, motorbikes, keeping fit, and just generally socializing with friends and family.

Will Craig

Will Craig

LeaseFetcher works by automatically collecting millions of leasing prices from leading UK leasing brokers. Then it allows consumers to search, filter and compare prices on the platform. By bringing millions of potential deals into one place, consumers can compare what the market has to offer without having to contact dozens of different sales departments individually. This improves each consumer’s research and leads to better, more informed buying decisions.

Jack Wang

Jack Wang

My name is Jack Wang, CEO of Amazing Beauty Hair. We are an e-commerce company that specializes in hair and beauty products. Everything that we put on sale can be found on our official website. I saw your query on the best time to start a business. As a long-time entrepreneur, here’s my take.

Simon Ensor

Simon Ensor

Simon is a marketing specialist and Managing Director of Catchworks, an SEO agency based in London that utilises skilled marketers across the globe. Throughout his career he has been intrinsically involved in marketing campaigns for start-ups and scale ups, alongside managing and growing multiple marketing agencies. He is also a contributor and commentator for Search Engine Watch, BBC and TRT World.

Aaron LeBauer

Aaron LeBauer

Aaron LeBauer is the host of The CashPT Lunch Hour Podcast, The CashPT Nation Facebook group, author of The CashPT Blueprint, International Speaker and has helped 1000’s of passionate physical therapists launch, grow & scale successful businesses without relying on insurance. He is a Doctor of Physical Therapy, Certified Massage Therapist, and Baptiste Inspired Yoga Teacher. He opened LeBauer Physical Therapy, a 100% cash-based physical therapy practice in Greensboro, NC with his wife Andra the day after he graduated from PT school in 2008. After seeing 43 patients in one day as a PT student, he knew he could not treat patients effectively in the insurance model. LeBauer started his 100% cash practice so he could treat patients as unique individuals and without influence by insurance reimbursement and has inspired 1000’s of others to do the same even when physicians, professors, and other physical therapists think it’s a crazy idea, unethical or will simply not work. He is on a mission to save 100 million people from unnecessary surgery by helping other passionate therapists succeed in business and learn how to market directly to patients.”

Marius Migles

Marius Migles

Destination wedding photographer, capturing natural &emotional moments. I offer photography services, such as wedding photography or couple engagements. I'm a visual artist with a special interest in photography, videography, and graphics. Even though I am a wedding photographer based in France, I am willing to travel the country and across borders to create stories in photographs.

Fabrizio Moreira

Fabrizio Moreira

Born in Manta, Ecuador, Fabrizio was destined for entrepreneurship. At age 14 his father sent him a Nintendo systemand in his hometown of Manta, most families would not own video game consoles. This gave Fabrizio the idea to purchase systems and controllers with his job income and then rent out those systems/controllers. This turned into his first business, which was profitable and led to his second business of selling and repairing bicycles in his home town. Still in his teenage years, he was a two time leader of his local chamber of commerce and had formal training to become a politician. At 19, he gave his first speech on entrepreneurship in Peru and at that point he was hooked. Fabrizio wanted to give back and be a lifelong entrepreneur of change. Fabrizio entered the world of banking and initially had an interest in becoming a politician to make a difference in his region. He worked with Interamerican Development Bank and was invited to the US for his first trip to the states by the Organization of American States (OAS). He also won a grant for entrepreneur training via AECI (which translates to Spanish Agency for International Development Cooperation) and began the process of getting his US Visa. Fabrizio then relocated to New York where he continued
to work in banking before starting Secret Hit Music and VIP Records. Some of the initial artists Fabrizio worked with upon launching Secret Hit included Soulja Boy, Manutidi and NK from the Ukraine. Fabrizio and Secret Hit's core purpose is to nurture emerging talent and include them in an environment of songwriting, collaboration, business and growth-oriented mindsets. These mentorships lead to a family bond, increased songwriting talent and ultimately a long standing career in songwriting and production for artists. They are strategically aligned with BMI and organize yearly events that bring together composers from different genres to create hit songs. In addition, Fabrizio and Secret Hit are constantly giving back to the music community and aspiring entrepreneurs by selectively aligning with brands and organizations that change lives. They value social responsibility, provide grants to nonprofits and are driven by making a difference in music communities. On occasion, Fabrizio and Secret Hit release albums from artists under their record label VIP Records.

Norhanie Pangulima

Norhanie Pangulima

I am Norhanie Pangulima, a content ambassador at Hernorm. At Hernorm, I work on creating SEO-optimized content about dating, relationships, digital marketing, social media and more.

John Howard

John Howard

I am John Howard founder and CEO at Coupon Lawn code website, where I’ve been sharing my insights about finances, SEO, content marketing and other related topics. Coupon Lawn has been featured/cited in outlets like the Forbes, Entrepreneur, Business Insider, Lifehack and many more.

Tej Brahmbhatt

Tej Brahmbhatt

I am an investment banker and managing partner of Watchtower Capital in midtown.

Brian Lim

Brian Lim

Before I went full time with my companies, I was working as a Business Technology Analyst for Deloitte Consulting for a couple of years. Figuring out the best time to jump into the boat with both feet and knowing you won't fall short or drown is one of the toughest decisions for entrepreneurs. I asked myself this question all the time and spoke about this topic with mentors and business folks that I respected. Ultimately, I continued working my day job and ran my side business during the nights and weekends until the business made enough revenue and profit to replace my day job. At that point, it was a no-brainer that I could increase revenue greatly if I could dedicate an additional 40 hours (80 hours total) and be solely focused on the business.

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