[cncovyvysi]

Nobody using that quote is referring to the whims of the economy, they're referring to the different risk profiles between having 100 customers and being in an employee.

The idea is that being a business owner hedges your bets.

Whether that shakes out is entirely dependent on how important your product or service is to your customers in a downturn. Some services are completely worthless in a downturn (recruitment services), others can be essential or even come with higher demand (marketing).