Mikes smithen
Verified member
Indeed there are so many reasons why majority of individuals feel reluctant to engage in the establishing and implementation of their business ideas. It is therefore important that we understand that there is absolutely no better time to establish a business other than now, and if you reside in a country or region of the world will cost of production as well as cost of living is absolutely very high, it is best advised that you get into your business establishment and implementation now because if you intend to get into it later there is absolutely more possibility the cost of living all the cost of production will increase more and more thereby making it unbearably though for individuals to establish and also implement their business ideas. Fear of increased cost of living, shouldn't be the only reason why an individual should engage in the establishment and implementation of his or her business idea, moreover in this particular thread, we will be discussing other reasons why an individual should establish his or her business idea now and not later.
OPPORTUNITIES: There may be a specific opportunity or gap in the market that is currently available, which may not exist in the future. By starting a business now, an individual can take advantage of these opportunities and potentially establish a dominant position in their industry.
TIMING: The timing may be right for the individual to start their business. For example, they may have the financial resources, the necessary skills and expertise, and a supportive network to help them succeed. Delaying the start of their business could mean missing out on this optimal timing.
LEARNING EXPERIENCE: Starting a business is a learning experience and the earlier an individual starts, the more time they have to learn and grow. This can help them to develop their skills, build their network, and gain valuable experience that can be applied to future ventures.
FLEXIBILITY: Starting a business while still young or early in one's career provides flexibility in terms of taking risks, exploring different opportunities and adjusting course as needed. It also provides time to recover from setbacks and try again if necessary.
OPPORTUNITIES: There may be a specific opportunity or gap in the market that is currently available, which may not exist in the future. By starting a business now, an individual can take advantage of these opportunities and potentially establish a dominant position in their industry.
TIMING: The timing may be right for the individual to start their business. For example, they may have the financial resources, the necessary skills and expertise, and a supportive network to help them succeed. Delaying the start of their business could mean missing out on this optimal timing.
LEARNING EXPERIENCE: Starting a business is a learning experience and the earlier an individual starts, the more time they have to learn and grow. This can help them to develop their skills, build their network, and gain valuable experience that can be applied to future ventures.
FLEXIBILITY: Starting a business while still young or early in one's career provides flexibility in terms of taking risks, exploring different opportunities and adjusting course as needed. It also provides time to recover from setbacks and try again if necessary.