This is an interesting article. The central question is, "Is this a good time to start a company?" My own experience is that anytime is a good time to start a company because paradoxically, for a struggling entrepreneur, anytime is a bad time. When the economy is doing well, everyone is doing well and there are a lot more competitions for your customers' limited resources. When the economy is doing badly, as it is now, few entrepreneurs could afford to start companies. That's the good news. The bad news is that customers are really struggling so you must have an exceptionally compelling solution that could save them money and help them survive before they would listen. So in summary, the World basically conspires against an entrepreneur irrespective of the economy and it would be like asking, "Is this a good time to fall in love?"
This is a fun article to read. The central question is, "Is this a good time to start a company?" My own experience is that anytime is a good time to start a company because paradoxically, for a struggling entrepreneur, anytime is a bad time. When the economy is doing well, everyone is doing well and there are a lot more competitions for your customers' limited resources. When the economy is doing badly, as it is now, few entrepreneurs could afford to start companies. That's the good news. The bad news is that customers are really struggling so you must have an exceptionally compelling solution that could save them money and help them survive before they would listen. So in summary, unfortunately, the World basically conspires against an entrepreneur irrespective of the economy and it would be like asking, "Is this a good time to fall in love?"