People always ask me this question; "What is the best business that can survive mostly in times of global recessions". These people ask these questions out of the fear and experience of not wanting to delve into one business at one moment, crashing the next moment and returning back to square one again.
Of course we live in a very unsettled economic times, there are so many unknown that could push the economy south quickly and in a major way but entrepreneurs and start up addicts would not let these unknown threats stop them.
If you are interested in businesses that you can venture into that are recession proofs, here are a few of them;
1. Booze.
Most businesses built around beer, wine and spirits do fine during a recession. Pricier beverages don’t fare as well, but middle-of-the-road and lower-costs liquors weather the down turns like a champ. There’s an important principle here: If something is truly a habit – like wine with dinner or an evening cocktail – people do not quit no matter what the economic circumstances are. They merely adapt. Consider a liquor store or wholesale distributorship.
2. Cosmetics and Beauty
2. Cosmetics and Beauty
While there are barriers to the booze biz, cosmetics are a much easier industry to get into. I suppose when people are crying in their milk all day, they need some good cosmetics to put on their happy faces at night. But whatever the motivation is, cosmetics weather recessions quite well. There are many ways to pursue a business here, from becoming a Mary Kay representative to selling over the Internet. Here's where to place your order to get them from the producer cheap; Wigsbuy.com, Scentbird.com
3. Movie theaters/Football Viewing centre.
Movie/Football viewing attendance weathers economic downturns very nicely, although the entire industry has been in a slump recently. The big chains have a stranglehold on new releases. So why not consider a local indie theater that cashes in on the trend toward combining movies with meals? Could be a big hit in your hometown!
4. Healthcare Services
Regardless of the times, someone somewhere will always be in need of good, professional health service. This is an industry that has experienced some significant growth over the last few years. And it doesn’t show any signs of slowing down any time soon.
If you have the resources, training, manpower and capital; then becoming involved in a business that offers health services will assure you of a comfortable market. Consider businesses that focus on offering affordable preventive solutions to people, alternative health care and home health.
5. Security Services
When the economy is grim, people get frustrated. And out of desperation to get some quick bucks, they indulge in various forms of crime, especially burglary. Even when the economy is smiling, homeowners and owners of other valuable property hire security guards to protect their assets. And this becomes even more necessary during recessions. So, the demand for security guards is always on the high.
Here's a program to protect your PC, ZoneAlarm
6. Seminars and Tutoring
Whether you are good at teaching academic subjects or vocational skills, you will always get people who would pay to learn from you if you start a tutoring business. Start by approaching potential students in your neighborhood and telling them about your tutoring service. Probably later, you will advertise using broader media.
In conclusion, if you are looking to start a business that would guarantee peace of mind even when other businesses are facing hard times, consider any of the businesses discussed above. But before venturing into any business, it’s very important that you find out more about it to know the likely challenges you may face as well as other necessary information about it.
7. Bakery and Sweet Food
People will always take snacks and fast foods, regardless of the economic trends. So, if you start a business that produces cookies, bread, pastries, cakes, and so on, you will have a steady stream of business. Even if you are not good at baking, consider hiring one or two individuals for a start.
Thanks to widespread and ever-increasing internet accessibility, more and more business opportunities suited for solopreneurs aka webpreneurs are being created. Reading the profiles of some of the blogging industry’s most iconic names you might be surprised to know what these guys were doing before they became big.
Before getting started you’ll want to get acquainted with web traffic optimization. You can then proceed to earn money by doing what you love, say running a fashion advice blog or offering content writing services. There are indeed a slew of jobs available online for freelance specialists and you can make good money offering some of these in-demand services.
Here's where to start with if you want to join internet marketing
9. Food an Beverages
Not surprisingly, people kept eating and drink during the recession years…hey, was there an option?
Nevertheless, your decision to start an eatery must be carefully conceived and implemented. After all, just like in any other business, there are plenty of risks to consider.
Making your restaurant’s theme a fit for today’s healthy lifestyles may be a good place to start. A restaurant that promotes healthy eating can do well in recession times because people will identify with the need to reduce consumption, stay healthy, and cut down on unimportant purchases. The “stay healthy” theme will also work well for a restaurant that serves organic food products or another that targets vegetarians.
If you don’t fancy running a restaurant then you might as well consider starting a food catering business.
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