When is the right time to start your own start-up?

I remember watching an interview of Steve Jobs where he mentioned that the right time to start a company is when you are young. By starting young, you get lot of time to experiment and you have less liabilities to worry about.

When I saw this interview, I was 35 and I was thinking about starting my company. And this led me to deeply introspect my thoughts about starting a company. I started answering these questions one by one and these answers moved me closer to my decision.

Here are some of the fundamental questions each aspiring entrepreneur should ask themselves before starting this journey –

1. Do you have the skill you can sell and earn money?
2. Do you have enough savings in your bank or other earning member in your family? Even if you have few paying clients already, remember they can leave you any time.
3. Do you have the patience to deal with all sorts of people? Once you are on your own, you will be dealing with people from varied backgrounds.
4. Do you really feel you are ready for all this? This is the most important one. If you feel the calling from inside, you should most likely get started.

I feel it is easy to start a company when you have gathered enough experience and skill and you remain energetic and passionate about your work. Life is not a race. It is a journey and it has to be enjoyed. Starting your own start-up should not be stressful. Rather it should be the best thing that has happened to you. Plan your days ahead and take one step at a time. It takes a lot of courage to persist in this game but once you taste the success, you will never look back.