NNBN INSIGHT – When is it a good time to start a business ?
Starting a business is a bold leap into the realm of entrepreneurship, a journey laden with excitement, challenges, and potential rewards. However, determining the ideal time to embark on this adventure can significantly impact its trajectory. While there’s no one-size-fits-all answer, several factors can influence the opportune moment to initiate a business venture.Firstly, timing within the economic cycle plays a pivotal role. Launching a business during a robust economic period can offer advantages such as increased consumer spending, greater access to funding, and a more conducive market environment. Conversely, during economic downturns, opportunities may arise due to lower costs, less...