5 best times to start your own business

So you want to start a business, but unsure if you are moving out at the right time? Here are the top 5 windows in your life to embark on your own startup.

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1. Fresh out of college

With all that burning passion to achieve great things running through your veins, you should jump straight into the startup ecosystem and build up your network as quickly as possible and start your entrepreneurial journey. Afraid that you don't have the knowledge? Get in touch with mentors or pick up important skills from Udemy, Codecademy or Codeschool! There are tons of solutions out there, you just got to get out there and try. What's the worst that can happen? Tons of priceless experiences and lessons - that's what.

2. While in graduate school

So you've decided to further your studies which means you have some spare time in between modules/classes for you to validate your business ideas and test it out with actual customers all over campus. Many universities run business competitions/hackathons - get yourself signed up! However, remember, you are not (just) looking to win that $500 top prize, you're looking for suitable partners and potential investors while giving yourself an immense opportunity to validate your idea. Even if you don't win the top prize, you might get yourself closer to potential investors which are worth a lot more than that $500 cheque.

3. In between jobs

The best way to spend your time while looking for a new job is to potentially create one for yourself. Continually hone your skills, but you don't have to make it stressful. Treat it like a project, but a project which you love and advocate - not the ones you did in school and didn't care much about once you had something better to do. Even after getting a job, you should continue building it. With the infrastructure and ecosystem readily available for anyone, you can build an entire business with less than $100. It'll also be good for covering up gaps in your resume.

4. Just became single

Remember that scene in The Social Network where Mark was dumped by his girlfriend and went back to his dormitory and started (angry) coding? The authenticity of this event doesn't matter as this is an entirely realistic situation for people to direct their emotions towards positive motivation. Whenever you are hit with a setback, take that negative emotion and drive towards a positive outcome.

5. Got passed on a promotion

Ever had that feeling that you're not being valued enough in your company? Build your own business and you'll never have to feel that way again. The only thing that matters is how well you build your business because the only evaluation you are going to get is from your customers. Do a good job and get paid more. Anyway, it's never healthy to start evaluating how much you're worth in your company and letting negative feelings brew from within.

 

THERE IS NO BEST TIME!

If you managed to read up to this point, then you deserve to know the truth. There is no right time to start a business. If there is, it's just RIGHT NOW. Tomorrow will always come and today will always become yesterday. We can continue to build castles in the clouds and tell your friends, "Hey, I've got an amazing idea. Imagine if you could..." and convince them that your idea is going to work; But until you get out there and build it, these are not goals, just fluffy dreams.

So if you want to build a business, just start right now. Build up a site (it's almost free), get customer validation and start selling. Tiny steps are all you need - just got to build up that startup momentum, and you'll be amazed by how easy things are after that.