Is now a bad time for small businesses?

[Shortie]

With the current issues surrounding the world at the moment with the rising inflation, I have seen a lot of small businesses ending up closing because they have either lost money through not making enough sales or they just can not afford the upkeep of the business such as electricity, rent on a place for their business and much more. 

Is now a bad time for small businesses or would you encourage small businesses to plan and go for it?