Wrong Time to Start a Business

 Wrong Times to Start a Business

Wrong Time to Start a Business, when to start a business
Wrong Time to Start a Business

     Wrong time to start a business, people start a business with a different attitude, so it became very important for me to write this blog when to start the business i.e Wrong Time to Start a Business.

     Just a few decades ago, the biggest dream of most people in the world is to get a good job immediately when they get out of school.

     Then, if you want to make it, get a job in a bank, in a good hospital as a doctor or in some big engineering company, your money problem is gone. That era was called: The Industrial Revolution Era.

     Unfortunately, nothing lasts forever as of 1985 according to some experts, we’ve officially crossed the border from the industrial era of the information age and that came with some challenges. Machines and technologies grew in their strength to do human jobs and this led to higher competition for the few remaining jobs.

     In 1990 the high school's economic teacher, when the supply of any given product is higher than its demand, the price must fall.
In the above case, the price of labour falls and many people are out of jobs.

Related: Steps to Start any Business

What should we do?

     Well, most people think the best thing to do is to start a business, make some millions and became successful entrepreneurs. This noble idea sounds good until you try to be an entrepreneur.

     For most people, they start businesses at the wrong times and for the wrong reason and that’s what I’ll be discussing with you in today’s blog.

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  •  Starting a business when you want to become rich

     I have heard in an interview with John Scully, the former Apple CEO as he speaks about Steve Job. According to John, prior to the time when Steve Job left Apple, the company released a product, which, unfortunately, didn’t do well in the market and because of this Steve Job became very depressed and he was willing to do what John Scully considered to be wrong the thing to do and that was what led to the resignation of Steve Job.

     Now, let me get you to see something here; Steve Job was a billionaire. He had made more money than any a reasonable human being could ever spend before he was 30.

     So, if someone is already a billionaire, why does he get depressed because one of his company’s products failed?
Here is the trick;

     Successful businesses aren’t built by people who want money and one of the worst times to start a business is when you want to do it to make millions. I say it again; successful businesses aren’t built by the people who do it for money and I’ll explain what I mean.

     Take a moment to listen to some people, either in politics, sport or church. Now ask yourself, “what do I feel when I was listening to all these people?” Something becomes very clear; you feel inspired or convinced when you listen to someone who feels inspired or convinced about the subject he’s talking about.

Also Read: Rich Dad Poor Dad [Summary]

     On the other hand, you immediately get bored or unconvinced when you listen to someone who is trying to speak on the subject he isn’t having any conviction about.  

     While this is very obvious when we speak, there’s the same effect on anything we create. Take, for instance, I’ve created a few products, written a few books and made hundreds of blogs on this site.

     What I can tell you from my experience is that every product I ever created without passion was received without the needed emotion by the target market.

     You see a product created without passion doesn’t make the market feel any passionate about it. While money is good, starting a business simply because of the money will not lead you anywhere near success because of it will be very obvious that your products or services were not created out of the love for the market.

     Another reason why you should never start a business simply because you want to become a millionaire is that; 

     Well building a business is too tough for anyone who wants only the money to have the strength required to get through those tough times.

     Starting a business, you’ll get to a point where it will become obvious to you that you’re stupid. You’ll make mistakes, fail and get rejected, so much that, if you’re not truly in love with your business, there’s no way any reasonable human will continue in that path and that’s probably the reason why most people stop trying.

Also Read: Success Story of Amazon

     One of the wrong times to start a business is when you want a million dollars. While money is great, you can figure out the kind of business you’ll do tomorrow if you already have a billion dollars in your bank account.

     When you’ve learned a lot about your employer’s business. So many people all over the world think they are being cheated by their employers, especially because they think that the employer makes all the money even though they are the ones doing the hard work.

     Often, these people get angry and start their own business, thinking that they know all the technical parts of their employer's business and they can as well make as much money as their employees. Well, these people are very correct.

     They know some technical aspects of running the business but, unfortunately, business is like a sport or war. It’s not just a technical game. 

Business in the most part is an emotional game.

     Even though you’ve worked in a business for one decade and you’ve understood every aspect of the business, you still don’t know how to make such a business succeed and I’ll explain that to you in this blog.


"Big results require big ambitions."

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