Why Timing is Everything by Michael Newman, Self-made Millionaire

 

When it comes to success in the business world, timing is everything.  How many times have items or ideas popped up over the years that never initially caught on, but became all the rage only a few years later?  In order to ride the wave of success, there are a few things you should know about starting up your own business, and how to make sure it stays successful. 

Predicting the right time to go into business for yourself can be quite difficult, but if you look closely, sometimes you can see the writing on the wall.  For instance, right now, if you live in Florida, Nevada or California, it might not be the best time to get into the real-estate business.  Why not?  Well, because the housing markets in those three regions are in serious trouble.  No one is buying and people are losing their homes from foreclosure in record numbers.  Therefore, it looks like the housing boom has passed and it’s now in a slowdown…not the best situation for money making.

If you’re looking to get into business for yourself, it’s important to pay attention to societal trends. For instance, a couple of years ago, it was house-flipping.  Many Americans were making all kinds of money snatching up undervalued properties, investing in them and fixing them up, and then selling them at a nice profit.  Why was this business so successful?  Well, because it was a great time in the housing market.  Banks and lenders were making it easier for Americans to buy homes and the business was booming like a loud bass drum. 

A couple of other examples of current trends are healthy lifestyles and gourmet coffee.   As you may have noticed, the restaurants in your area have been offering healthy alternatives to traditional, high-fat meals, your grocery store is selling organic produce and there are health food stores and products popping up all over the place.  The same can be said for gourmet coffee.  Cafes are opening up across town, and even the fast-food mogul McDonald’s is breaking into the action. 

Paying attention to trends is extremely important for opening up a business.  You have to find the right time, and that all depends on what people are doing, and what they want.  To know this, you’ll have to pay attention to your target market and find out when the best time to get involved is.  For instance, there have always been healthy alternatives, health food stores and organically grown food.  The thing is, it was only once the trend became actively promoted by governments and received a large amount of media attention that the industry really exploded.  People started becoming more health-conscious and, with that, new business opened in droves and existing businesses altered their strategies to accommodate the new, rapidly expanding market. 

The earlier you act on a developing trend, the better.  The longer you wait, the more you risk just becoming  “another face in the crowd” . ~end of article

 

If you are looking for a home business servicing the growing health-conscious community, email Terry A Shackelford at shack1959@att.net  for information.   Her business has continued to grow throughout the economic downturn by offering consumers first-to-market, natural weightloss, anti-aging and nutrition products.   With reality weightloss programs on television, the news media reporting on the obesity epidemic and governments growing involvement in their citizens health, consumers are looking for ways to improve their health in record numbers.  Act now.