mpen, for the brave there has never been a better time to start a business, banks are finally lending again, there is an air of "oh well if this is as bad as it is going to get" but be aware it will take at least three years to get back to a bullish economy (please do not budget for growth in 2010/2011) but I honestly think (hope) this as bad as it gets. ?Therefore the ones that grew too fast in 2006/07 will soon be all bust leaving you to build a reputation and solid business IMHO.
The very best of luck