Well now is the perfect time.
Genealogy is one of the fastest growing hobbies in the world.
Millions of people are now tracing their roots. The ability to use the Internet to share information is one reason I believe the boom has occurred. With computers to enter our data and create beautiful family histories it is now easier than ever to do a family history project. Your first step should be to gather all the existing information that you and other family members may have. My Gathering Information page can help there.