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?

  • MarkyMarkRat420@alien.topBEnglish
    1·
    10 months ago

    As long as you cash flow you’re fine. Ppl freak about interest rates which imo is not fully justified. Disclaimer: obviously I would prefer 3.99% business loan to 15%. But at the end of the day, if I can still profit at 15% (yes it means it’s harder to succeed because less cash to the business, I am aware) then it’s fine. Just do your due diligence, develop very conservative projections, and don’t be dumb. You’ll be fine.