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The $100 MBA Show

MBA1446 The Best Time To Start A Business

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 23 January 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

What are you waiting for? No, seriously. What should you wait for before starting a business? One of the first, biggest hurdles new entrepreneurs face is taking the first step into the game. You’ve researched, you’ve planned, you’ve studied. But when is the right time to actually move? When does the light turn green, and how can you know?

Transcript

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0:00.0

Heyo! Welcome to the $100 MBA show, the podcast that knows how much your business means to you.

0:15.0

That's why we deliver daily 10 minute business lessons for the real world.

0:19.0

I'm your host, your coach, your teacher Omar is at home.

0:22.0

I'm also the co-founder of the $100

0:23.7

MBA a complete business training and community online and in today's episode you

0:28.7

will learn when is the best time to start a business? This is a question I get asked a lot. I have a

0:34.9

business idea, I'm thinking about starting it, when is the best time for me to

0:38.8

actually take the plunge and begin to build my business.

0:42.7

Many of you believe that timing is everything when starting a business, and that's somewhat

0:46.5

true, but not in the way that you expect.

0:49.7

Many of us delay starting a business because we're not sure if it's going to fit in with our life

0:54.4

if we have the time commitment for it if exposing our business idea will cause somebody

0:59.8

to grab it and run all these concerns are very common and it often has people

1:05.4

questioning when should I start this business when should I know when the

1:08.8

circumstances are right for me to be able to succeed with this business. this is what we get into in today's episode.

1:15.5

So let's get into it.

1:16.6

Let's get down to business.

1:18.9

Have you ever seen a product on TV or on the shelves of a store that you're visiting and said to yourself,

1:25.0

wow, I had the same exact idea for this product.

1:28.8

And you feel kind of bad because you're like, man, this was my idea. And you see it in stores and you start to realize

1:34.4

Wow it could have been a success so what's the difference between the person that created the

1:38.2

product you're seeing the store or on TV and you the only real difference is that person took action you had a

...

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