There’s Never A Bad Time To Be An Entrepreneur

Posted on Mar 30, 2012

Here’s how a friend once described me: If you tell me something is impossible, my work week increases by 20 hours and my IQ elevates 20 points. In other words, I like a good challenge.

We currently live in challenging times for entrepreneurs. The economic downturn has claimed many victims. But that doesn’t mean you shouldn’t bother launching a new business, or that you are automatically doomed to failure.

The economy affects us all, but if you have a really good idea and believe in it, anytime is the right time to start a company. Keep in mind that when you launch a company, especially a technology company, it may be a few years before you actually bring products to market. So concern about the present economic climate may not be relevant once things start to happen for your business.

Regardless of the economic environment, many people thought I should never have started my two companies, period. When I launched my first company, Amati Communications, the prevailing wisdom was that phone lines could never carry video. Even though most people thought I was crazy, I correctly believed that high-speed, high-volume transmissions were feasible via copper telephone lines.

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