Tuesday, October 15, 2013

Is It Time to Launch Your Dream Business?



You have been thinking about starting your own business for years but have always put it off for one reason or another. Now, the summer is over and your latest excuse is that the holiday season is only right around the corner, so starting a business right now is a risky move.  This is actually the wrong mindset because what better time to start a business than when people are in a spending mood?

Think about it...Christmas is when everyone loosens up their purse strings and spends money without remorse. If you are getting ready to launch a new business, this is actually the perfect time to do so because the consumer market is more likely to actually support the business now than at any other time.

There is another added benefit to launching a business during the holiday season...everyone else gets lazy! That's right, most people are worried about getting a Halloween costume together for the kids, figuring out what they are going to make for Thanksgiving, and planning the best Christmas or New Year's Eve party the world has ever seen. This is exactly why you need to roll up those shirtsleeves and dig into work.

Something else to consider is the amount of networking you do during the holidays. More than likely, you will be attending multiple holiday parties. This means lots of people in great moods that are willing to listen to what you have to say, probably more so than at any other time of the year. You will also be reaching out to numerous business contacts, which makes it a great time to put it in their ear that you are branching out on your own.

If you are going to go forward, you will need to get it in high gear, though. If you do not have a business plan in place, it is time to get one together ASAP, especially if you need additional financing. Any type of loan, be it private or from a banking institution, will require a complete business plan to even consider the loan application. If you do not have experience writing a business plan, there are very good programs available that can walk you through the process.

If you want to, you can always make an excuse NOT to start your new business. However, if you never take the chance, you will be wondering your entire life if you could have made it and enjoyed the financial freedom you always wanted. So, the decision is yours...sit back for another year and let opportunity pass you by or finally make the decision to give it a go.

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