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Kavii SuriTop Contributor
GEEK | Content Writing Intern | Pursuing CS | Exploring ML and Data Science
Asked a question last year

Is this the right time to start your particular business?

Where am I?

In StartupTalky you can ask and answer questions and share your experience with others!

Kavii SuriTop Contributor
GEEK | Content Writing Intern | Pursuing CS | Exploring ML and Data Science

Start by asking 3 simple questions

  • Is it too early?
  • Is it too late?
  • Is this the right time?

Remember to question almost everything. Making a market research also will save you a lot of time. Are you entering an existing market with the product? Is it a slow moving market, or a fast moving one?

 

Cleantech for instance compared itself to the silicon chip industry of the 70’s, but failed to appreciate the speed at which that market was moving — it was expanding exponentially with Moore’s law — whereas the cleantech industry had no such advancement. There was no explosion in growth, and the industry lagged. Facebook launched at a time when broadband infrastructure was rapidly expanding, and it exploded when mobile devices and smart phones became ubiquitous. Infrastructure readiness, social norms, government regulations, established platforms and ecosystems all play a role in the timing question.