|
Due to the
recent and prolonged economic downturn there has been a
heightened interest among prospective entrepreneurs’ to seek
and start businesses that have right stuff to weather and
thrive during a recession. Traditionally there have always
been a number of small business categories that have been
considered
recession proof or at minimum recession resistant. Below
is my pick of the top 3 business categories you can start a
business in during a recession.
Health Care
- Statistics have shown that the overall health care
industry continued to grow at a rapid pace despite the
recent recession and slow growth economy. And with rising
health care costs and a rapidly aging baby boomer population
there may not be a better time to start a health care or
senior care related business or franchise.
Home
Services
– Despite the overall and dramatic decline in housing prices
over the last several years homeowners’ are still willing
and ready to invest money in maintaining their properties.
That’s why businesses and franchises that offer
handy man services for instance have done remarkably
well despite challenging economic conditions.
Automotive
– It may not be overly glamorous but automotive repair and
service related businesses have overall done well during
this current economic downturn. This in large part can be
attributed to the fact that many motorists have apparently
decided to defer replacing an older vehicle and instead
invested in the maintenance of their current vehicle.
|
