Timing time could be wasteful in business; agility matters
“Timing shouldn't be ignored when starting a business.” - the best time is never to be too early or too late. Yes, timing matters in anything. One way of managing the scarcity of time despite its abundance is to have agility in business. You can begin and pivot and revert when the conditions are just fine. Beginning is key because absolutely timing time could be a wasteful endeavor.
Although, too early gives you the first over advantage and too late luckily makes you you innovate and enter in dynamically.
It should be understood that it better it not too early so you don’t lose so much since other may not pay in full for R&D cost. Not too late so you don’t miss out.
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Japan’s, Russia’s and Germany’s industrialization are very good models for understanding these.
Good afternoon.
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