Well, maybe a little (or maybe a lot if your small business is in mortgage or real estate).  And if you run a large company and have many people on your payroll, then domestic and international economics do come in to play.  But if you are starting a company, the looming recession, the poor market performance in the U.S. and other countries, and other economic indicators that suggest a downturn will likely not affect you.

Here is why:

  • Start ups are often founded by resourceful people ready and willing to take risks.
  • The economy doesn't stop. It just grows more slowly.  People still need to buy things.
  • Entrepreneurs usually target these buyers through niche products and services.