Shark Tank star Kevin O’Leary acknowledged that President Donald Trump’s tariffs are headache and increase input costs, but said entrepreneurs have not only survived in similar environments but also thrived.
In a wide-ranging interview with Politico on Monday, he said entrepreneurs have endured trade wars, periods of sky-high interest rates, and a real-estate meltdown.
“In fact, the best time to start a business, proven by the statistics, is in chaos,” O’Leary added. “Every time the American economy is going through some kind of a correction is a fantastic time to be an entrepreneur and start something. And then you have to figure out how to pivot through it.”
According to the Census Bureau, business formations soared during the pandemic after falling in the immediate after of lo