Starting a business during, or soon after, a recession might not seem like the most obvious choice but you would be surprised at how economically viable it can be. Sound crazy? It’s not!
Whether being an entrepreneur is in your blood or you want to tap into some unexplored markets or you’re just looking for a way to secure your income during a hard time, going into business when everyone’s getting out of it might be a stroke of pure genius!
If every warning bell in your head right now is screaming at you in alarm, take a moment to consider this: what makes entrepreneurs different from the rest of the human race is their willingness to take smart risks. Everything you start out with is going to seem like a bad idea until YOU make it into a great success. And this article will help you do just that.
The entire point of analyzing recession-free business ideas is to protect you. There are so many benefits of picking one of these recession-proof business ideas. For instance:
- You can start a great business when the rest of the economy is still reeling from the throes of a crippling recession.
- You can enjoy an entrepreneurial spirit even if you’ve personally experienced financial hardships during an otherwise stable economy.
- You can take pride and comfort in starting a business that will always stay on its feet.
So, take a look at these financially fabulous ideas and pick one you love- you’ll never have to worry about recession again!
#Cleaning And Repair Services
Recessions can come and go but pipes will leak, drains will clog and air conditioners will break down with a startling dependability. That’s why cleaning and repair services are a fantastic recession-free industry to get into. You can focus on one niche or combine both for an even larger target market.
You might be wary: what if potential clients want to fix things on their own and not spend on a pro? After all, it’s a recession and a lot of problems around the house are easily tackled, right? Wrong! People want to save money and they keep planning to “get around to it” but most never do. The problem usually stays unaddressed until it escalates and they just can’t avoid it anymore. Inevitably, your clients are going to come to you.
If you’re a one-person service or a small team focus your attention on homes and offices in the city. If you’ve got the manpower, the city/ state itself might be one of your best clients. After all, recession or not, the country has to run and the state will spend on cleaning, repairs and maintenance!
#Funeral Services
This might seem like a bleak idea when you’re already pondering the rather depressing topic of financial hardship but when you really think about it, death is inevitable. Funeral services are one of those few businesses that stand the test of time: ironic, because nothing lasts forever and that’s precisely why funeral services do! The dark humour aside, the truth is that even during recessions people want to give their loved ones a proper farewell.
Funeral homes are never affected by the state of the economy because life and death are not governed by the economy. The cycle of life will continue unfettered by everything else around it, and this is one of the few businesses that will do the same. It really is as simple as that. Whether you offer burial services or cremation services or funerals-related products you can help people find a moment of comfort in their grief.
#Matchmaking Services
If the previous option was a little too doom-and-gloom for you, here’s one to cheer you up. If you’ve always enjoyed playing cupid for your friends and family or you just love the idea of spreading some romance around when everyone is feeling a little blue, why not start a business that offers matchmaking services? From online personals websites to conventional dating services, there are a bunch of great options.
People are always looking for marriage, love and someone special to take the sting off the days and this could be your way of helping them and making money. The best part? You’ll need very little investment (if any!) and you could run your business out of the comfort of your own home.
The secret to recession-proofing your business is to pay attention to the long-term scenario. You need an idea that won’t be affected by shifts in economy and politics simply because it’s a staple: it’ll always be a favourite or it’ll always be needed. You need an idea that won’t crumble in the face of outsourcing or won’t go out of style. If you’re a flash-in-the-pan entrepreneur it’ll only be moments before another spark comes along and you’re watching your business go up in smoke.
