What is a good small business to start during a recession?
Nov 24, 2008 in
Small Business
neanderthal
Former Treasury Secretary Greenspan said today America is due for another recession and that it would likely start the end of this year, 2007. During a recession, what kind of small businesses stand the best chance of making a profit AND in some part due to the recession?
Former Treasury Secretary Greenspan said today America is due for another recession and that it would likely start the end of this year, 2007. During a recession, what kind of small businesses stand the best chance of making a profit AND in some part due to the recession?
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4 comments
HeismaN on November 25, 2008 at 11:40 pm
Anything that deals with addictions, since you gotta have it. Example an alcohol and cigarette store.
Carlton C on November 28, 2008 at 10:10 pm
I would recommend starting a home-business that provides consumers with a necessity-based product and saves them money in the process. There are many legitimate business opportunities out there, but it will require a bit of research to find some that interest you.
I feel sorry for the baby-boomers who are retiring without the benefits they were promised.
dogsrspcl on December 1, 2008 at 10:22 am
Selling used items.
Mexico4me on December 1, 2008 at 10:54 pm
I have a small business in health and wellness that caters in a large part to the baby boomers. Most of them are empty-nesters, have the most disposable income and are the most open to another stream of income. This is a business that is growing like wild-fire world wide, so you always have the option of working from the internet and getting customers who are not in a recession area. Many of the boomers are already retired, and their health is more important than anything. Health and anti-aging are fast becoming a trillion dollar industry, that’s where the focus is now.