In case you are looking to start a business but are weary of the recession, here are 11 recession-proof businesses you can start now! Start-ups are fun, especially when you are pursuing a passion or a skill that defines you, but recession can be a major nightmare for most businesses and can spell its early doom. Only very few businesses can take the blow and still stand tall. And, when you are setting up a new business it might be a good idea to look for options that inherently have a good defense mechanism against recession in the nature of the business itself.
So what exactly is a recession-proof business? Typically these are the ones which either boom even in a sluggish economy or just survive better than others. Of course, there might be losses but generally these businesses don’t slow down because of the recession itself. Even when your customers are making less money themselves you will somehow manage to keep your share.
If the Great Recession of 2007-2009 has taught us anything, it is that nothing in the business environment is forever stable. We never know how the economy is going to turn out for our business in the long run. Since the unemployment rates touched the skies during the time an alternative to adverse job markets could also be taking up a recession proof business.
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If you are still looking for ideas and recession is not one of your immediate major concerns The 12 Most In Demand Businesses to Start in 2015 are some great options for the ones who are willing to get a little creative and don’t mind to taking a little risk for better profits.
For the ones who would like to minimize their risks for a steady income here’s the list of some low-investment, easy to set-up and build, recession-proof businesses you can start now.
11. Tattoo Artists,
Tattoo Parlors have a steady clientele who are seemingly unfazed by a down turning economy. The chic and rebels are still game to get inked. While with the unemployment rates increasing and getting hired becoming a tougher cookie to crack, the already inked job hunters will be lining up at your doorstep to get theirs removed. Either way it’s a win-win for parlor owners.
10. Discount Chain Stores,
With prices soaring high and dwindling incomes, more and more people will be opting for discounted items rather than going the regular retail way. This is a business which can actually balloon during recession and sales might even pick up as against normal times. However, even in normal conditions a steady flow and customer base is guaranteed.
9. Candy Stores,
What works better than candy when you are feeling low and depressed? And, apparently candies work just as good in times of economic depression too. When the depression has the people feeling a little anxious, a little sweet indulgence is the best stress buster and therefore, candies and chocolates have recorded notable sales pick up during times of recession.
8. Fast Food,
Fast food is yet another thing that never loses its appeal. People also tend to stress-eat during economic downturns. And, while they give gourmet restaurants a miss because really who can be as reckless to splurge, fast food joints gain quite a few extra customers.
7. Pet Pampering,
The pet grooming industry is another industry that is unaffected by recession tendencies in the economy. People with pets still seek out quality services for their furry friends. If you are an animal lover, pet grooming might be a great idea for a recession-proof business you can start now!
6. Health Care,
During the recession people may cut out on luxuries but health care is something most of them would not consider compromising on even if it requires some extra effort. Health issues will persist and anxiety-related ones ay even increase and when you are offering affordable health care services, rest assured as your customer base is very unlikely to decrease.
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5. Online Security,
People are already losing a lot in the stock market and by the salary cuts so they will be more inclined to protect what they already have in every way. If tech is your forte this might be the recession-proof business you can start now because people are going to start recognizing the acute importance of cyber security.
4. Dating Services,
So yes, there might not be any big wedding plans till the stocks pick up but with the general dissatisfaction on the rise, people might be looking for a little love to help them get through the tough times. Layoffs might mean that the break-ups are on the rise too. All of that just means better business for the dating industry.
3. Repair Services,
There will always be the abundance of the wonky tables, the noisy air conditioners and the troublesome car engines and there might be lesser leisure time for people to try their hand at repairing experiments. If you are good with the tools, you are set with a steady income and the fear of losing customers to recession might just be the last thing on your mind.
2. Funeral,
While the wedding industry takes a great blow during recession, the funeral businesses actually survive much better. The general folk will definitely still be looking at a grand send-off for their loved ones and death wouldn’t wait for the recession to get over, right?
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1. Educator,
Education is always on the priority list and even during times of depression people vouch for quality education. You can be teaching academic skills or vocational ones but there will always be a few takers. And, since teaching is known to be one of the most fulfilling jobs out there, tutoring or educating is one of the best recession-proof businesses you can start now.
