What Is The Best Time To Start A Business?

Norhanie Pangulima

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When you decide to start a business, there are factors that you should consider first like money or funds, location, suppliers, and many more. How about timing? Is there a perfect one? I don’t think so. In fact, according to data from the Bureau of Labor Statistics: about 20% fail in their first year, and about 50% of small businesses fail in their fifth year. This tells us that whatever time you run a business, it will either fail or succeed. It always depends on the type of business you want to start. Though timing can be a factor, you’re the one to create and make the time perfect.. For example, you are looking at starting an ice cream business, is the cold season a good time for this type of business? So, for me, there’s no best time to start a business, but the best plan to start one.

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