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You should consider two most important things (unfortunately, each other opposite): 1. Yes, better to start own business when favorable environment, for example, when see macroeconomic grow (now recession, and high probability of crisis), or when You have some money accumulation. 2. But business is by definition, PRACTICE of make stakes and earn profits on success. - You will not practice if not try. And best practice at crisis. Exist good solution of this contradiction. If You could afford it, look out at nearest to You business community (offline), and find experienced mentor, to mentor You and You'll pay him from Your current payment. Any way, early start business is much better then late. Mostly, because when You younger, You have more health, and could do things faster. |
I could actually see the opposite being true. Lots of companies might not want to hire FTEs right now due to a maybe recession, but there's still a lot of work to be done, so they just use contractors instead.