This has nothing to do with the economy and everything to do with the way you set the stage for your transition to full-time entrepreneur. While it may be tempting to jump now, your leap into entrepreneurship will a rough one if your starting position is off.
I'll begin where the majority of successful entrepreneurs begin--"follow your passion." It may be a shopworn phrase, but this advice is as valid today for how to succeed in business as it was a hundred years ago, and it has certainly proven true for me.
A few months into investment banking in New York, I stumbled on an idea and quit my job immediately to pursue it. I couldn't afford my rent anymore, so I moved in with my co-founders into a tiny apartment and started our adventure.
Down the road you tend to hope that you need to learn less and that you will make more on ventures, but the safety net of being able to come back stronger and more focused is a reality if planned and detailed enough.
Call them "ganjapreneurs," those wide-eyed marijuana enthusiasts who hope to turn the green stuff into green stuff of another kind. Despite the prospects of big payoffs, there are plenty of hurdles these ganjapreneurs must face before laying out the welcome mat.
It's not an established place for tech entrepreneurship. But with with all of the right elements in place, and a local business environment and government that generously support their neighbors here in Charm City, it is increasingly becoming one.
As entrepreneurs go and found new companies, they shouldn't focus so much on whether their technology is novel or just incremental. Founders should focus on the most important aspect of any business: creating something their customers actually want.