When is the Best Time to Start a Business?

Updated: September 12, 2023

When it comes to starting a business, we all get several windows of opportunity.

Our life is full of instances and scenarios when becoming an entrepreneur is just one step ahead, and all you need to do is take that leap of faith.

So when did these windows of opportunity occur and when will they happen again in your life? I’ve listed them down below along with select stories from ordinary individuals who took the chance, started a business, and succeeded.


When you’re still a kid

You don’t have big responsibilities yet, and your innocent view of the world is an ingredient for creativity and big ideas.

Nick D’Aloisio was 12 years old when he taught himself how to make a mobile app. His news aggregator app Summly was eventually bought by Yahoo! for $30 million.

He became a millionaire at the age of 17.

When you graduate from school

You’ve spent years learning, now it’s time to use and apply what you’ve learned.

When you break up with someone

It will be easier to get over someone if you’re busy doing something productive. Trust me on this one.

When you get your first job

Time to learn and hone your leadership and management skills. You’ll need them in running your business. Meanwhile, start saving money from your salary to fund your first venture.


When you get sick and have to stay home

It’s a great time to reflect and think about your passions in life. You may be lying in bed, but your mind can work and brew a business idea.

When you quit or lose your job

Finally, you have all the time to focus on starting your own business.

Jason Spencer lost his job when his company went bankrupt. With no savings and a family to support, he knew he needed to act fast. A couple of years after, his internet marketing business Tribe.ly, is generating almost $20,000 in revenue every month.

When you get a new job

Cashflow is no longer a problem. You can now eat 3 times a day while you work on your business during weekends. It’s possible and financially practical — start a business while keeping your day job.

When you just bought a new car

You’ve got your dream car, now it’s time to build your dream business.

When you get married

Now you have a business partner you can trust and who’s probably willing to work as hard as you.

When you just got kids

Start a business now, so you can eventually help and teach your child how to become an entrepreneur someday.

When you just moved to a new home

If you were able to afford a house, then you can certainly afford to save money to use as business capital. It’s now time to do just that.


When things are stable and you’re just doing fine

Because there’s not much stress in your life, it will be easier to plan and start a business.

When you just retired from being an employee

You’ll eventually get bored sitting at home and doing nothing. Start a business and leave a legacy.

Colonel Harland Sanders, at the age of 65, took his $105 from his Social Security check and began selling franchises of Kentucky Fried Chicken.

He died 25 years later as a billionaire and leaving an entrepreneurial story that will be retold for generations.

When is the best time to start a business?

The window of opportunity to start a business is always open. Sometimes it’s wide and accessible, other times it’s just a small gap and you need to push the panes and unroll the blinds to see the whole view.

Every life event, whether positive or negative, can be turned into an opportunity to develop, plan, and start a business. So don’t wait for that perfect timing, because that rarely comes.

What to do next: Click here to start your financial journey with IMG Wealth Academy
Photo credits: cuppini, jetsetwilly and divienna


  1. Sir Fitz,

    Thank you for your wonderful ideas I really love reading your blog.

    (I hope) soon I’ll start my own business.

    more blessings to come.

    avid fan,


  2. Hi fritz. You are true blue motivational speaker! Great to read inspirational messages that will surely lift up souls to move to the right direction. Business is a gamble and i believe that one cannot see the picture of the other side, good or bad the results may be, without taking the leap.

  3. I think being single is the absolute best time to start up any kind of endeavor in someones life. Time is unlimited and you aren’t focusing on anyone else!

  4. HI Fritz.I always read this blog of yours,and it inspired me to have my own. I’ve been dreaming and planning to start a Foodcart Franchise business. I have a little money to be used for the business I wanted. There are so my negative “what ifs” in my mind, I’m afraid to lose the money & will not able to cope. I just got married year and I have my 3mos old son now.. the more I became anxious to start a business.. please advise me Fritz. I realy wanted to LEAP to enterpreneurship like you.

  5. Hi sir…hope I’m not off-track, but may I ask what’s your take on PhilCrowd? I’m considering investing in their business ventures…

  6. Honestly, I never expect that our new business venture will surpass KFC/ Colonel Harland Sanders but we are off to a great start. I was widowed 15 years ago and spent a lot of time rebuilding retirement accounts and finishing family business. After a move to the Philippines 6 1/2 years ago and happily married again a tad over three years ago, conversations with my beautiful new bride often were on the subject of business ideas. I would suggest something and my wife would point out all the flaws and why it would not work on this side of the pond. My beautiful wife would talk of her ideas and one days she showed me a basic plan that I could NOT, as hard as I tried, shoot any holes into it. I declared , Honey, I think you have a winner!!! I gave her $2,000.00 USD to test out the idea and the rest is history. Over the early months we added capital and lived super frugal to have even more to add to the business. Yes, it feels like there is never enough capital to meet the demand. I think the folks at the BIR love us because we are back so often ordering new receipt books. It is easy to say JUST DO IT but risk capital will almost always be an issue for new entrepreneurs. Perhaps, like we did, try a test run of your business plan if it is at all possible. When you find success on a small scale, then pour on the coal and build up a full head of steam. Do not be afraid to make needed adjustments to the business plan when conditions warrant, better to head of problems early rather than too late.

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