""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.""
""Every single one of my companies uses it today and it's very productive. It helps enhance margins. It reduces costs in every sector of the economy," he explained."
Kevin O'Leary said tariffs increase input costs but entrepreneurs have endured trade wars, high interest rates, and real-estate meltdowns and often thrive. He stated that statistical trends show chaos can be the best time to start a business and emphasized the need to pivot during economic corrections. Census Bureau data showed business formations surged during the pandemic and have been volatile, with August business applications rising 0.5% amid an overall uptrend despite a brief tariff-related retreat. Recent gains concentrated in retail while construction, administrative support, professional services, transportation, and warehousing remained flat. O'Leary credited AI with boosting productivity, enhancing margins, and reducing costs; he noted homebuilders use AI for capital and labor allocation and cited trade deals lowering some auto tariffs.
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