In the past decade or so the US economy has suffered from two bubbles bursting: the dotcom bust and the housing bust. Now everyone is focused on where the next bubble is. There are a bazillion articles and posts about the possibility of another tech bubble. There may or may not be a bubble growing; I will leave that debate to people smarter than me and people with more time on there hands.
“The only thing we have to fear, is fear itself.” (though maybe we should fear politicians too?)
The fundamentals of entrepreneurship haven’t changed much in the past several hundred years. Business is risky, that is the point. The only way to avoid business risk is to have a monopoly whether a governmental imposed monopoly like the US military and IRS or something more traditionally thought of as a monopoly like Ma Bell.
The freedom to compete in a market means that other people have that freedom too. You have the freedom to go into whatever business you want. If you see a market potential that no one else sees, you can make a lot of money exploiting that market. Once you make a lot of money, lots of other businesses will be competing to steal your customers.
If you can’t handle the risk, get out of the game.
Likewise, if you like the risk, but don’t understand the market, then go play in Vegas.
However, if you have a tolerance for risk and a deep understanding of a market, now is the perfect time to start a company. We will turn the economy around.