Q. Is this a good time or a bad time for someone to start a company?A. My own personal view is that it's never a bad time to start a company. There are good cases to be made that starting in an economic expansion is great because consumer demand is high and people will spend money. There's arguments to be made that starting in a downturn, whether it's a recession or a bear market or a sluggish recovery is also a good time. If you're a tech startup for example, the demand for technology has been pretty constant the past few years. IPad sales went through roof at a time when the economy was deep in a recession. That's obviously a big company, but lots of other companies have glommed on to that heavy tech spending. There's also schools of thought that say if you start up in a recession, it's sort of a trial by fire. If you start up in hard times, and you survive, there's less competition and you come out of it stronger.
Kauffman Smallbiz Expert On Taxes, Fiscal Cliff
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