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We’ve looked at this subject before in Bad economy good time for business start-up? 

Here Brad Sugars from Entrepreneur.com lists ten reasons to start-up a business in a recession. Some ideas are excellent:

People are looking to change suppliers.
From a cost perspective, everything is on the table for most companies. Even if your prices are higher, if you can come in with greater value, you have a good chance at winning new business. You also have the advantage of being the new kid on the block when it comes to pitching your products and services. Many companies are desperate to find new partnerships with new companies that have a different, better or more innovative way of delivering those products and services.

Top 10 Reasons to Start Up in the Recession – Starting a business in a recession – Entrepreneur.com.