In today's tight economy it's easy to focus on what businesses are going under because of the recession and lose sight of the huge fields of opportunity that are opening up as people shift their focus back to the basics. Now is the prime time to open your own business, when your ability to operate with smaller overhead will make you a serious competitor in the pricing wars with many larger corporations, and if you branch out into a recession proof business you're guaranteed to enjoy not only a steady income now but also the security that comes with knowing that your business will stay afloat.
1) Home Repair. It doesn't matter how bad the economy is, when your septic tank backs up or your basement floods you're going to have to call in the troops! That's why plumbing, HVAC and other home repair services are all but guaranteed to be a recession proof business. Try and keep your inventory and services as basic as possible and your prices competitive you should be able to safely dodge the after effects of the recession.
2) Health Care. Unless you happen to already be a freelancer it might be hard for you to break into the health care services as an entrepreneur; however, now's a great time to step into this understaffed industry and start laying the foundation for what promises to be a stable career.
3) Funeral and Tax Services. Everything changes in life except for death and taxes, making funeral and tax services among the most profitable and recession proof businesses on the market. If you can find a way to break into these industries you're going to be in an excellent position to enjoy tremendous success.
As long as you have a product or service people want you're guaranteed to be able to make a success of any business venture; however, using these business ideas as a foundation will help you grow a recession proof business that will bring you the income and security you've been looking for.
Learn how to make your income grow in spite of the recession at www.1UpToYou.com.
I was reading about the layoff at GM and thought it would be a good idea for one to start building a recession proof career or business to lead a more secure life.
ReplyDeleteSomething interesting I would like to share is that defense contracting has good financial opportunities for all and can give you a steady flow of big income. Its something one can do with the right guidance and tips and make good money even during the recession.