Thursday, November 01, 2007

Is it the right time to start a venture?

OK! For once a blogger is inspired instead of the readers. And I want to start a venture in product development. I have something in my mind on the lines of SaaS. I intend starting a company at my home (preferably in my garage so that success is guaranteed). But the main question is, is it the right time to start a venture?
With rising salaries in the industry, one will have to cough up a lot of money to hire good people. Although, the venture may be easily financed, break even may take a loooong time knowing the cost of recruitment in the industry today. So, wouldn't it be ideal to wait for a slow-down, may be a few lay-offs and a bit of panic in the industry. It will then be time when people will be ready to work for much lesser wages.
I may put a post on my business plan someday. But as of now, what is your opinion?
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