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Is Now The Right Time To Launch Your Business? 2 Major Ways To Find Out

Is Now the Right Time to Launch Your Business

Right now, many startups are afraid of launching a business because of the unprecedented global uncertainty. So, they rather choose to put the business idea back into the shelf until what they consider the perfect time to launch out. But the truth is, now could be the perfect time to launch your business. There are many needs right now created by the global health crisis.

Your business idea could be the solution that many (if not most) people are waiting for at this moment.

Here are some helpful clues to help you decide whether or not to launch your business now;

1: Consider If People are demanding for Your Business Idea

If you have been on alert in the past few months, you should have clearly spotted what is in demand and the gap that needs to be filled right now. And, you can tell how far and/or well the gaps have been filled so far. Even simple searches on Google can reveal what is lacking right now. Even if your idea is not completely for the moment, you can tweak it to suit the present needs. Who knows, your idea may succeed better now than ever. So, take a quick step to make that idea a reality, so that you can reap the potentially huge benefits.

But, if you don’t want to alter your business idea, you can as well leave it on the shelf for the time being and wait for the right time.

2: Think of the Funding Aspect

While getting loans and other forms of business funding right now can be a herculean task, you can still get your way around getting funds for your new business. A winning business plan and proposal can be the winning tool and collateral you need to convince a lender.  If you are not sure how to put up an irresistible business plan and proposal, outsource the task to an expert. There are lots of business plans competing for the available funds in banks and other lending outlets. These lenders won’t waste time tossing your proposal to one side if it sounds shallow.

You shouldn’t let funds prevent you from launching a timely business. So, look beyond the present circumstance and take a bold step to source funds. You can also consider crowdfunding, government grants, and financial supports from friends and families. Indeed, funding is perhaps a major defining factor when it comes to launching your new business.

No matter how timely your business idea is, it will remain an idea if there are no funds to birth it. So, don’t hold back, push for funds in every legal and moral way you can.

You should also look for other less expensive alternatives for executing some of the tasks involved in launching your business. For instance, instead of renting an office, you can create a space in your home for an office to kick-start things.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

One Response to “Is Now The Right Time To Launch Your Business? 2 Major Ways To Find Out”

  1. Janet Ioli says:

    Hey Daven, thanks a bunch for this extensive article.

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