Business 101 | Victor Benoun

Victor Benoun

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I have been asked on many occasions when is the perfect time to open a business. My response, unfortunately, is there is no such thing as the perfect time. The stars are never properly aligned with the moon, events are always occurring, conflicts always arise, the politics aren’t right, the economy isn’t strong, the climate to open a company is never right. Yet, companies are started every day, right? How is this so?

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If you are passionate about what you want to create and have what is referred to as a burning desire, then you are on the right track.  The fact of the matter is, there will never be a right time, but you can’t let that stop you from becoming the businessperson you want to be.  So you must do your homework.

Are you looking to leave your present job or career to start a new one? Are you looking for ways to supplement your income that will lead towards the path of full time self-employment? Are you currently unemployed and looking for a way to get back on your feet? In a nutshell, what are your immediate as well as long term goals? What do you want? HAVE BIG GOALS. Be specific! This is an important exercise that will help you begin to build your future so get a notebook and start thinking and making notes. This will all become part of your business plan.you are passionate about what you want to create and have what is referred to as a burning desire, then you are on the right track. The fact of the matter is, there will never be a right time, but you can’t let that stop you from becoming the businessperson you want to be. So you must do your homework.

We are just scratching the surface here. Over the next several weeks I will be writing more to assist you in becoming an entrepreneur. As I said before, there is no such thing as the perfect time to open a business, and yet, this is the perfect time!