Have you ever wondered what made the difference in success between two identical businesses? One thrives, one fails. Maybe and ice cream joint opened up a couple of years ago and tanked, and one opened a couple of weeks ago and it is booming. Why? There could be a multitude of answers to that question. Business sense, financing, and product quality are just a few that come to mind. What if all of those things are equal? What if, even, the first place had a better product? What could possibly be the difference?
“You don’t have to swing hard to hit a home run. If you get the timing, it’ll go.” Yogi Berra
How does this apply to business?
Right Idea, Right Time
It seems almost unbelievable how some folks just fall into a successful business. Some can even be heard saying things like, “It was an accident,” or “We didn’t plan this.” My favorite is, “We just fell in to it!” How does one just fall into a business? How does one just accidently start a business? Others run around for months planning and looking for business financing. They struggle to just break even in the beginning, while others seem to simply have success handed to them. It’s all about timing — having the right idea at the right time.
Don’t Force It
If you have a great idea, you know it is a great idea, but all the research comes back uncertain, you have two options. Move ahead and force it, or hold back for a bit. Don’t force it. It will only frustrate you. See if you can mold to the market, or maybe just wait.
Sit and Wait
You really may need to wait a bit. Great ideas die under the wrong conditions. If the market isn’t ready, you may need to hold off, or at least start much more slowly than you originally anticipated. Maybe prime them a little. Start small and offer your product or service part time and on the weekends to those that are interested. Let word of mouth help things along a little.
Whenever the time is right, you will most likely need financing. If the timing is right to open a mobile phone store, you will need financing for a mobile phone dealer. It you can see the market is clamoring for a new law office, financing for law practice may be in your future. Biz2Credit is your one stop shop for each of these and any other type of business financing you may need. Our lender network offers financing options of all kinds, and we can hook you up with the perfect lender for your business. Visit Biz2Credit.com to find out more.