{"id":1034,"date":"2019-06-25T00:00:00","date_gmt":"2019-06-24T22:00:00","guid":{"rendered":""},"modified":"2025-08-29T12:52:45","modified_gmt":"2025-08-29T10:52:45","slug":"the-right-time-to-start-your-small-business","status":"publish","type":"post","link":"https:\/\/www.domains.co.za\/blog\/the-right-time-to-start-your-small-business\/","title":{"rendered":"Start Your Small Business: When Is The Right Time"},"content":{"rendered":"
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This article motivates you to start your small business today, its never to late to start. The past couple of years have by no means been an easy ride for South Africans, corporations or startups. According to the Bloomberg\u2019s Misery Index<\/a>, the index that zooms in on a country\u2019s inflation and unemployment figures, SA ranks third \u201cmiserable\u201d out of 62 countries. Add loadshedding, fuel prices and retrenchments to the mix and the picture appears gloomy indeed. Should we all mope around or jump ship to more economic affluent countries? Or is there a glimmer of hope? <\/p>\n\n\n\n

Some reports suggest that the economy is nearing the end of its slump. Mike Sch?ssler, a leading economist believes that we will start to see an improvement over the next few quarters<\/a>. \u201cWe\u2019re probably over the worst, and by 2021\/22 we could be back at 3% GDP growth,\u201d he said.<\/p>\n\n\n\n

With start-ups contributing to 60% of new job creation<\/a>, small businesses have a large role to play in SA\u2019s path back into growth. Entrepreneurship is not about picking an opportune time but about having an innovative idea and executing it correctly. In tough economic times start-ups might need to work harder and be more resourceful but it does not suggest a business will inevitably fail. <\/p>\n\n\n\n

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