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Starting a business

Why there’s no “right time” to start a business

Last updated: 10 May 2022

There is never a perfect time to make a life-changing commitment. There will always be a reason why now isn’t the ideal time to start your business. In fact, it’s one of the most common excuses we hear for not getting started! 

There are plenty of examples of very successful businesses starting up during questionable times. Uber and Airbnb started during recessions. Ray Croc and Colonel Sanders created fast food empires McDonald’s and KFC after the age of 50. And there are countless examples of business owners who started up whilst raising their young families.

The trick is to understand that your time is your own – so it’s not about how much time you have, but how to make the most of it.

 

Mastering time management

It’s possible to master your time when you understand how to apply the principle that 80% of your results come from 20% of your efforts. The key is to maximise your productivity. 

Recommended reading material: The 4 Hour Work Week by Tim Ferriss

If you want to save time (see what we did there?), here’s our top three tips to get started with your own time management: 

  • It’s essential to stick to a schedule that includes work, rest and play. Decide what things need to be accomplished, and create daily, weekly and monthly plans to help you get there. Some people view planning as too restricted but planning actually gives you more control and more freedom! 
  • Decide on your daily big task (which should be aligned with your business goals) and be committed to accomplishing that. 
  • Find what way works best for you. You can use techniques such as the “pomodoro” where you work in bursts of 25 mins then rest or do other things for 5 mins before another burst of 25 mins. 

As a business owner, it’s going to be challenging until you can get to the point where you can afford to delegate some of the tasks. But as soon as you can, look to outsource work such as accounting, marketing or even answering calls. Look for solutions to automate as much as possible.

We understand that time is an essential resource for our clients so our mission is to support you in finding the answers and the services you need as quickly as possible. 

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