Saturday, July 2, 2016

Best Time To Start A Business

Perhaps the most asked question of potential business owners is... 
When is the best time to start a business?

While many focus on getting adequate education including bachelors and masters degrees consider this...

Many successful entrepreneurs cannot boast of having a degree. Yet these are business savvy as a result of family training and personal hands-on experience. Still business and time management courses are essential. Having said that, the best time to start a business is when you have established three basic springboards and enjoy a significant degree of leverage. This should include the following:
1. Experience running a similar operation from the management level down.

2. ability to assemble a well groomed, motivated, and experienced team of players for all aspects of the business process.
3. Established, meaningful and trusting relationships with the kind of people in the industry who will back and support your business once established.
4. Good personal life choices that will help you better manage your time and leverage finance needs include the following:
1, Manageable size of household
2. Adequate current income,
3. Good financial standing
4. Availability of seed money
5. No parental care provider issues
6. Manageable household and personal health care issues
7. Well established investor relationships
8. Strong robust market
9. Basic understanding of good booking and money management
Once these basic ducks are in a row you're closer to the ideal time to start a business.

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