Honestly, answering this question is very subjective. If you have an answer to all the aspects of how to start a small business, then you may start setting up a small business. If you are financially secure, have a solid business plan, have a thorough understanding of your target audience, work out the marketing strategy, and feel internally stable and ready, it's the best time for you to start your business.
So next time you think about how can I start a small business, make sure that you have sorted the things above.