[jyl]

In general, when the economy is turning the corner and starting to accelerate upward is a good time to start a business.

Depends on the business and local conditions. Labor shortage is artificial, shouldn't last past summer. Materials price inflation is probably here for longer.

From the wealthiest to the middle class, on average households have more money than a year ago, and are willing to pay higher prices unless you are selling something easily available off Amazon. Low income households are mixed, but with stimulus now, stimulus later, and pressure building toward some minimum wage increase, that may not be an awful market.

Interest rates are low now but won't stay this low, so be wary of models dependent on future debt issuance.