I do not know if I subscribe to the saying that “timing is everything”–maybe when it comes to personal relationships, but I don’t know if it ALWAYS the case when it comes to business concerns. I do, however, think that timing can be very important in operating a home-based business.
I am not really talking about time management here (although we do chat about that often enough here in the Home Business blog and it is a key part of doing well in a home-based business), but more the realities of a market at any given time, the economy, the time of year of season, etc. Those sorts of timing issues that we really have very little control over have more of an effect on our businesses than we’d often like to admit.
While some may argue that there is a certain amount of “luck” involved in a successful business, I think that a better term for those ambiguities might be “timing.” Entering a specific market at the right time, or exiting–or a favorable economy–can all have an incredible, direct affect on how successful a person is in business. The longer a person is in business and the more experience we gain, we might be better able to learn from mistakes and watch the market fluctuations for better timing, but there will always be elements of the business world that are out of control. If you’ve ever done any investing, you’ve likely been advised to look at it as a long-term proposition–something that will be subject to ups and downs and uncontrollable realities. Depending on what else is going on in the world, the economy, the market, etc.–a business can be directly or indirectly affected.
So, instead of taking everything on your shoulders when it comes to your home business, there are those instances when timing can work either for or against you. Learning how to work a little more favorably with time can definitely help your business, but you may have to just let go and accept that there will be things you can’t control.
Also: The Fear of Making Mistakes
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