Should I Start a Business Now or Wait?

If you're asking yourself whether now is the right time to start a business, you're not alone. It's one of the most common—and most important—questions aspiring entrepreneurs wrestle with.

This article will walk you through the key considerations, risks, advantages, and strategic frameworks to help you decide whether you should take the leap now or wait until the "right time."

Spoiler: there may never be a perfect time. But there may be a smart time.

Why This Question Matters More Than Ever

In today's economy, with job markets shifting, inflation creeping, and technology evolving fast, many people are feeling the itch to start something of their own. Some are chasing freedom. Others are responding to burnout or job instability.

But behind that desire is a very real concern: "Is now really the right time for me?"

Waiting too long can stall your momentum. Jumping too early can lead to poor decisions.

Let’s break it down.

The Illusion of the Perfect Time

Let’s get one thing straight: there will never be a perfect time to start a business. Life is always busy. The economy is always changing. Your skills will never feel fully “ready.”

Successful entrepreneurs don’t wait for perfect conditions. They look for sufficient readiness and then make a smart, strategic move.

So the real question isn’t "Should I wait for the right time?"—it’s "How do I know if I'm ready enough?"

Signs You Might Be Ready to Start Now

Ask yourself:

  • Do I have a problem I’m passionate about solving?

  • Have I validated the idea with potential customers?

  • Do I have at least a rough financial runway (even if it's part-time)?

  • Am I already spending time thinking about, researching, or building this idea?

  • Do I have a support system (mentor, partner, coach, or community)?

If you said yes to most of these, you're likely more ready than you think.

Reasons You Might Wait (For Now)

Sometimes it really is smarter to pause. Here are some valid reasons to wait:

  • You’re under severe financial pressure and have no fallback

  • You’re in the middle of a major life event (divorce, illness, move)

  • You haven’t done any customer research or market validation

  • You’re using the business idea as an escape hatch vs. a real solution

  • You don’t yet understand the problem you're solving or who you're solving it for

Waiting isn’t failure—it’s preparation. But make it intentional waiting. Waiting with a timeline and a plan.

The Case for Starting Small Now

If you’re leaning toward waiting, here’s an idea: start small instead.

You don’t have to quit your job or launch a full-blown business.

Try one of these:

  • Talk to potential customers about your idea

  • Sell one unit of a product or service as a test

  • Build a waitlist or interest form

  • Create content around the topic to build credibility

These actions cost little but help you validate your idea and build momentum.

What the Data Says: Business Timing vs. Success

Studies show that:

  • Most successful entrepreneurs started after years of experience—not right out of college.

  • Businesses started during recessions can be more resilient long-term

  • Companies started with customer validation early tend to last longer

So instead of asking if the market is good, ask: “Is my timing aligned with what I know, what I’ve tested, and what I’m willing to risk?”

How to Know You’re Stalling (Not Strategizing)

There’s a big difference between preparing and procrastinating.

Warning signs you’re stalling:

  • You keep reworking your logo but haven’t talked to any customers

  • You’re endlessly researching and never launching anything small

  • You tell yourself, “Once X happens, I’ll start”—and X keeps changing

Starting a business requires courage with imperfection. You will not have all the answers at the start.

Personal Inventory: Should You Start Now or Wait?

Sometimes, the clearest way to move forward is to check in with yourself. This isn’t about perfection or pressure—it’s about taking an honest inventory of where you stand today. Use these five questions as a gut-check to determine if now might actually be the right time to begin.

1. Have I talked to at least 5 people in my target market?
If you haven’t had real conversations with potential customers, you’re still guessing. Talking to even a handful of people helps you move from assumption to insight. You learn their language, their frustrations, and what they’re actively seeking help with. If you've done this already, you're ahead of most people still stuck in idea mode.

2. Do I know the core problem I solve and who it matters to?
Your business is only as strong as the problem it solves. When you're clear on the pain point—and who experiences it—you can shape everything around it: your offer, your message, your pricing, even your content. Without this clarity, your business stays fuzzy. With it, you can focus your efforts and speak directly to the people who need you.

3. Do I have 5 hours/week I could dedicate to this without harming my wellbeing?
Time is your most limited resource. If you can carve out just 5 focused hours a week, you can make meaningful progress. You don't need 40 hours or full-time availability to start moving. But if you're truly stretched thin with no margin, now might not be the best time to launch. The key is intentional time, not abundant time.

4. Have I outlined a basic offer I could test?
This isn’t about building a full suite of services or products. It’s about defining something small and tangible you could offer to someone today. It could be a 1-hour session, a digital guide, or a short challenge. The act of defining your offer is a sign that you’re moving from thinking to building—and that’s a big deal.

5. Do I have clarity on what I’d need to feel “ready enough”?
Many people wait for readiness without defining what that even means. Ask yourself: What would I need to feel ready enough to take one step? A financial safety net? A website? A mentor? Once you name it, you can work toward it—or realize you’re already there.

If you answer yes to at least 3 of these questions, you likely have more than enough foundation to take a meaningful first step. Don’t wait for everything to line up perfectly. Start with what you have and build as you go.

Myths That Keep People From Starting

Let’s bust a few common myths:

  • “I need a business degree first.” You don’t. You need a problem to solve and people willing to pay.

  • “I need a website and logo before I launch.” You don’t. You need a customer.

  • “I need full confidence.” Most founders feel uncertain when they begin.

  • “Now is a bad economy.” Some of the most successful businesses started during downturns.

What You Can Do Right Now (Even If You’re Not Fully Ready)

Even if you're not ready to go all-in, you can still start building momentum. These five actions are simple, low-risk, and incredibly effective at helping you validate your direction, gain clarity, and start connecting with real people.

1. Write down the top 3 problems you could help solve
This is where it all begins. Your business isn’t about you—it’s about solving real problems for real people. By brainstorming three problems you're uniquely positioned to solve, you begin shifting your mindset from idea-centric to customer-centric. These problems will form the foundation of your messaging, your offer, and your overall business strategy.

2. Talk to 3 people who might be your ideal client
Nothing replaces real conversations. Talking to potential customers helps you understand how they describe their problems, what solutions they’ve tried, and what would actually help them. It also builds confidence and gives you real-world feedback—often confirming you're on the right path or highlighting gaps you didn’t see. No website, survey, or blog post can replace this direct input.

3. Research what solutions already exist—and what’s missing
Before building anything, you need to know the landscape. Are there others offering similar solutions? What are they doing well? Where are they falling short? This research helps you find your positioning: the unique twist or benefit you can offer that others don’t. It also ensures you’re not reinventing the wheel—but instead creating a sharper one.

4. Create a simple post offering your help for free or low cost
This isn’t about making money (yet). It’s about creating a conversation and testing demand. Offering help shows you're taking action and puts your idea into the world. It also gives you a chance to practice delivering your offer, collect testimonials, and iterate based on real interactions—all without a polished brand or complex funnel.

5. Take my free business assessment to see where you stand
Sometimes you don’t know what you don’t know. That’s where the assessment comes in. It gives you clarity on your current stage and what to prioritize next. Whether you’re just starting out or halfway in, it acts as a roadmap and helps you avoid wasting time on the wrong things.

Each of these steps can be done in a single afternoon—but together, they give you more insight, more confidence, and more traction than most people get from months of planning. Don’t overthink it. Start small. Start now.

Final Thought: The Time Is Rarely “Right.” But It Can Be Right Enough.

You may never feel 100% ready. That’s okay. Most entrepreneurs don’t. What separates those who build something meaningful from those who stay stuck in the idea phase isn’t certainty—it’s movement.

You don’t need a fully-formed plan, a fancy website, or complete confidence to begin. What you need is a willingness to test your assumptions, to listen to your audience, and to take one clear step forward. Business is built on learning, not waiting.

Momentum is your best friend. Even if your first step feels small—sending a message, asking for feedback, sketching out your offer—it creates clarity. That clarity builds confidence. And that confidence fuels your next step.

The truth is, a year from now, you’ll wish you started today. So instead of waiting for the "right time," start building your version of "ready."

Ready to Find Out if You’re Ready?

Take the 3-minute Business Readiness Assessment. It’ll help you see what stage you’re in—and what to do next to move forward with confidence.

👉 Take the Free Assessment Now

Gary Smith, MBA

Gary Smith is a business and marketing professor and the founder of GS Biz Coach, where he helps solopreneurs turn their ideas into income with proven frameworks and personalized coaching.

Previous
Previous

5 Signs Your Business Idea Is Worth Pursuing

Next
Next

Validate Before You Build: The Bootstrapped Way to Start Smart