I want to start a business but I am nervous about the current state of the economy in the US. I know that there are often opportunities in every type of economy and certain types of companies can still flourish, but if the risk for failure is much higher then I’d rather wait.

I am unsure what to do because I don’t want my fears to rule my decision making here. Is this a bad time to start a business in the US?

  • pickeringmt@alien.topBEnglish
    1·
    10 months ago

    There is never a bad time to start a good business. The problem is that a good business provides something that other people want, not what you think is a good idea. I would say that the best opportunity is usually something that you have some expertise in already and can also put work into to get started if you are bootstrapping to save on labor. Also, leveraging your network is usually key for getting started. If you can do something that people need better than other people doing it, you have something. If you want to start a business and just think people will show up, you will struggle.