Found this article about eccentric British Media entrepreneur Felix Dennis in which he states that “the best time to get started is in a recession.”
From the article,
Despite what he anticipates to be his fourth recession—“we are talking ourselves into it”—starting in America, Mr Dennis remains bullish on the land of the free. “For the rest of my lifetime I’m betting on America,” he says, noting the country’s “pervasive aura of optimism”.
One of the reasons now is a great time according to the article is that large and medium sized firms pull back in these environments, trying to conserve and survive. This leaves lots of opportunities for entrepreneurs.