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15 Businesses to Start in a Recession
"Recession Proof Businesses"
By: Darren Horrigan - 19 November 2008
Secretarial Service
Many small businesses and individuals have a need for typing,
transcribing and proofreading. They may not be able to afford
a full time secretary and would like to hire someone for virtual
services only. Also, in times of recession, people are more likely
to need resume services.
Hair Salons
People continue to have grooming needs and hair salons that
cater to families are among the most popular.
Residential and Commercial
Cleaning
People with busy lives are less likely to go without having
someone clean their homes or businesses. These services will become
more of a need as lives become more hectic and people find they have
to work harder to maintain their incomes.
Professional Organizer
Most people want to simplify their lives but don’t; it’s a chore
that keeps moving to the bottom of their to-do list. There’s a prime
opportunity for people to get others organised by helping with their
shopping or errands such as car registration and insurance.
Home improvement
Downturns usually mean people renovate the existing homes rather
than buy new ones. Home improvement companies continue to thrive, no
matter what the economy does.
Mobile storage
Since people are less likely to buy newer and bigger homes, they
may need a place to store their goods. Mobile storage units
conveniently satisfy a temporary to semi-permanent need for storage.
Temporary staffing agencies
Many companies have less confidence hiring full-time staff during
difficult times. As a result, they are more likely to use temps to
help them respond to economic hiccups.
IT services
Companies providing technology services – like installation,
security and repairs – to homes and businesses are always in demand.
House or pet sitting
No specialist skills needed, just trustworthiness, reliability and
common sense. Be sure to have personal references and reliable
transport. If you love animals, pet sitting is an easy add-on.
Cosmetics
Cosmetics is a virtually recession-proof business; it’s an
inexpensive way for people to feel good about themselves.
Second-hand goods
Tough times bring out the value hunters so the resale industry
generally increases activity during slow economic times. People love
a bargain.
eBay Seller
There really are people who make a decent living buying things
at garage sales and flea markets and selling them on eBay. Stick to
products you know, package your goods carefully and provide
impeccable customer service.
Tutoring
Parents want the best for their children and pay well for tutoring,
university test preparation and specialty training. Growing
dissatisfaction with education systems has created unprecedented
growth in homeschooling and tutoring for students of all ages.
Care for seniors
Non-medical, in-home care for seniors offers great demographics,
important work and economy of scale.
Marriage
The wedding industry deals in the business of love and people
will always be looking for love. Offering a service with a niche
presents an easy solution to tap into this industry.
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