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?

  • jfokes@alien.topBEnglish
    1·
    1 year ago

    Don’t do it that’s all I have to say. I’m a business owner and this year has been terrible. Next year they say will be worse. My business plan is destroyed due to the economy. My business would of been a slam dunk. I was planning on opening 2 locations. In 2022 I made 150k profit this year down 30% so far. Personally I wouldn’t do it but I still see some places booming so it’s all how much you want to risk it.