Are you considering the best time to start your own company? There is no proper time to start a company. However, the five periods below in your life are best suited for creating your own new venture.

1. When You’re Young

The best time to start a company is when you are young. The younger, the better. It’s easier to pour your life into a company when you’re young, creative, fresh, and fired up.

Youth is a beautiful thing. It’s the perfect combination of ignorance and innocence. Stupid decisions are excused as learning experiences and the worst outcome of most youthful transgressions is a few days in juvenile prison, or, worse, going broke.

2. When You Have An Incurable Obsession

Starting a company is the hardest thing you will ever do professionally. It’s you versus the world. And the world wins 90% of the time.

Start a company after you sit on your idea for a while—and you can’t get it out of your head. You’re obsessed. No matter how much you try not to think about the business, it keeps coming back. You can’t stop talking to friends and family about it. And you feel like you will never forgive yourself if you don’t take a chance.

This incurable obsession must be consistent over an extended period of at least 3 months. Let it sit and settle. And don’t confuse it with the entrepreneurial seizure, a more temporary excitement that will fade if you give yourself time to really think about the idea.

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3. When You Have No Responsibilities

Start-ups and life responsibilities are often inversely related, if not mutually exclusive. The more responsibilities you have, the less likely it is that you will start a business.

Start a company when you have the time and the energy and the freedom to do so. Don’t wait until it’s too late and you’re trapped by a mortgage, private school tuition bills, and annual family vacations that you need to fund. If you are single, married without kids, or thinking about getting married and starting a family—and considering jumping on the entrepreneurial train, do it now before you decide that it’s just too late.

4. When You’re Miserable At Work

Life is too short to sit behind a desk and be miserable. If you are unhappy at work or you find a boatload of misery in the company you work for, that should be the best fuel to start your own company.

5. When You’re Out Of Work

Let’s be clear, everyone who is laid off should not start a business. But a layoff is a great catalyst to start your own business if you were already thinking about making the move.

When you’re fired, look at the firing as a blessing in disguise and motivation to reevaluate your life instead of your focusing energy on the people who “mistreated” you. Put everything on the table—new opportunities you have been ignoring, industries you’re interested, and starting your own show.

So when should you actually start your company? I hope you will make a wise decision having gone through the above guide. TAKE ACTION and QUICKLY if need be. It would be a big-blow to you after reading this post and still having to regret later in life that you didn’t take advantage of this information.


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