Why now is the second-best time in history to set up an online business
When the World Wide Web was the wild wild west.
I have interviewed 40 of Australia’s top entrepreneurs for a book about how to succeed in online business, and although every single one of those entrepreneurs worked phenomenally hard to build their businesses, all of them also said they were very lucky to be in the right place and the right time.
Interestingly, many of them started their businesses between 2004-2006 and it seems this was a magical time for start-ups as many of them have since gone on to disrupt a wide range of industries and become household names – Catch of the Day, Freelancer.com, Kogan.com.au and many more.
From my research, I see that three unique factors existed then that don’t exist now. These ‘windows’ of opportunity enabled even those with very ordinary ideas, execution and customer service to succeed. Why? Because these factors provided them with the time to get it right. You could make a mistake and rectify it without losing your shirt. Now? Not so much. You have to be good straight out of the box to get a break.
Here are the main 3 factors that made setting up a business back them a breeze compared to now.
Why Now Is The Second-Best Time In History To Set Up An Online Business
It’s not all doom and gloom though. The reality is NOW is always the best time to start a business. We are living in transformational times and the opportunity to build an online business on a very small budget and create very large profits has never been better. Okay, we may not have the early adopter advantages that those in the early 2000s had, and we may have to be smarter and faster now than ever before, but here’s why now is the second-best time in history to start an online business.
We live in an era where all these things are possible and we can literally do it on the smell of an oily rag. Of course, hard work, tenacity, persistence and all those other personal qualities play a massive role, but sometimes, timing really is everything and although we may not be living in the early 2000s, when the worldwide web really was the wild, wild, west, now is without doubt the second-best time in history to get started.