Maybe I'm just in denial, but I prefer not to name the economy as an obstacle. Makes me feel helpless. As entrepreneurs we have to create our own economy. Yes, expenses are up considerably, but so is revenue. It's been a good year for me and 2012 is starting out just fine. Set up 5 mixed service jobs to be completed by early next week and beginning 2 new janitorial accounts in the next week. Unheard of in the other winters I've been in business. Hope it continues.
However, if we look at the economy I think the upper mid west did not see quite the same impact from the recession as other areas of the country. Our economic swings don't seem so wild and extreme. Yes, lots of people impacted, just not to the degree that you folks on the coasts were. The flip side to this is that when other parts of the country are booming, we don't see the extreme in that direction either.
I really think the biggest obstacle to being successful in any reasonable business venture has to do with character qualities; attitude, endurance, patience, creativity, persistence, guts, willingness to learn, friendliness, self discipline, etc. You either have these qualities when you give it a try, or your entrepreneurial ventures will quickly teach you these qualities.