Recession Proof Business Ideas for Survival

One of the situations most entrepreneurs dread is a recession. It cripples businesses and reduce the morale of entrepreneurs to undertake new business ventures. During recessions, many people lose their jobs, as businesses lay off many of workers in a bid to cut costs.
As a result, job security is always the number one priority during these hard times, and workers flock toward the so-called recession-proof businesses.

Recession-proof businesses, as the name implies, are businesses that are not affected by during an economic meltdown. Such businesses either continue to thrive magically or survive unscathed, at least.

Now if starting a business and staying strong during a recession is a way to go for you; then here are few proven recession proof businesses that will guarantee job security for you.

Top Best Recession Proof Business Ideas to Start

1.  Food and beverages

I love the food business because, no matter the economic situation; people must eat. But I am not talking about pooling your hard earned money and starting a restaurant business although if that seems like a feasible thing to do, it just might work.

However, going into the restaurant business still has its risk and a very high one at that. Instead, you might consider going into a food and beverage business by focusing on offering healthier stuffs. These days, going into a recession is even a better excuse to eat healthy because it encourages people to cut down on their consumption and to avoid unnecessary purchases. We can better go into organic food products like vegetables, fruits, sauces, condiments, and so on.
Also read: How best to survive economic recession

2.  Bakery

People will always take snacks and fast foods, regardless of the economic trends. So, if you start a business that produces cookies, pastries, cakes and so on, you will have a steady stream of business. Even if you are not good at baking, consider hiring one or two individuals for a start.
Also read: Reasons to start a business in recession

3.  Laundry Services

Even in tough times, people want to look clean and good. And they will manage to squeeze out some bucks just for that. So, starting a laundry business is a very good idea, as it is also immune to the harsh effects of economic meltdowns. To start this business, you will need a washing machine, dryers, pressing irons, etc and you may need to hire one or two people.
Also read: Startup financial steps many ignore

4.  Security services

When the economy is grim, people get frustrated. And out of desperation to get some quick bucks, they indulge in various forms of crime, especially burglary. Even when the economy is smiling, homeowners and owners of other valuable property hire security guards to protect their assets. And this becomes even more necessary during recessions. So, the demand for security guards is always on the high.
Also read: How to manage business risk

5.  Vet services

Most people love pets and could spend any amount to keep them healthy. So, starting a business that renders veterinary services is a good way to make steady profit. Even if you are not a vet, you can hire one to work with you.
Also read: How to build wealth in poultry farming

6.  Healthcare services

Regardless of the times, someone somewhere will always be in need of good, professional health service. This is an industry that has experienced some significant growth over the last few years.  And it doesn’t show any signs of slowing down any time soon.

If you have the resources, training, manpower and capital; then becoming involved in a business that offers health services will assure you of a comfortable market. Consider businesses that focus on offering affordable preventive solutions to people, alternative health care and home health.
Also read: How to build wealth on a small salary

7.  Contraceptives

Couples enjoy sex all the time even though they don’t want babies most of the time. Similarly, teens and young adults engage in casual sex all the time. These are the reasons why there’s always a huge demand for contraceptives; whether or not the economy is fine. So, if you start a business that focuses on selling contraceptive devices and pills, you will never feel the impact of a recession.
Also read: How to build wealth choosing the right love partner

8.  Cosmetics

People apply cosmetics religiously. In fact, some people apply their facial treatments and make-ups several times a day. Of course, recessions are no excuses for anyone to look ugly. So, people will always pay the price for retaining their good looks. A cosmetics business is, therefore, a money-spinner anytime.
Also read: How to best to save for retirement

8.  Garbage or waste collection

Though this may seem a dirty job, it’s a very lucrative one that is immune to the adverse effects of recessions. People always need to dispose of wastes and garbage, and they usually find this difficult. If you start a business that relieves them of this hardship, you will make lots of profit in return.
Also read: How to manage debt of any size

9.  Funeral services

Yes, this is a recession proof business, morbid as it may sound.  It deals with an inevitability, which means you will never run out of customers. Funeral services get a steady stream of business no matter how the economy is performing.

People die every day, and the only way for people to give their dead ones a befitting burial is to engage the services of funeral homes. So, the economy doesn’t have an impact on the fortune of funeral services. You could either get involved in selling services or offering related products. Cremation service, which has increased in popularity in the last few years, is also a good option.
Also read: Absolute reasons why failure is a must

10.  Repair services

Repair services are also recession proof businesses. There will always be people whose kitchen sinks clog, whose air conditioner broke down, whose roof starts leaking or whose car suffers from overheating.  What these mean is pure business opportunity, even when economic times seem shaky.  And even if potential clients try to delay much needed repair, they will still come to you for help eventually.

But it’s worthwhile you note that many, if not all, of these businesses require specialized training, skills and equipment.  However, once you have these resources, you will have access to a recession proof business that does not only offer a potential for high margins, it’s also a venture that won’t require you to wait too long for a return on your investment. Provided your services are tops, it’s likely that you could be in business for a very long time.
Also read: Basic steps to the right budget

11.  Personals

It may seem surprising but starting a business involving dating and matchmaking could help you tide the recession over. Recession or no, people will always be looking for someone special either for dating or marriage. Already, this business has hit over $650 million in sales.

As a recession proof business, starting a personals venture could mean good profits and steady work.  And no one even has to leave home. Some of the most popular companies today are those that offer online dating (Internet speed dating included) to their clients. With sufficient support, attractive and secure platforms and savvy, targeted marketing, this type of business is set to fly.
Also read: Basic facts about network marketing

12. Tutoring

Whether you are good at teaching academic subjects or vocational skills, you will always get people who would pay to learn from you if you start a tutoring business. Start by approaching potential students in your neighborhood and telling them about your tutoring service. Probably later, you will advertise using broader media.
Also read: How to build wealth from scratch

In conclusion, if you are looking to start a business that would guarantee peace of mind even when other businesses are facing hard times, consider any of the businesses discussed above. But before venturing into any business, it’s very important that you find out more about it to know the likely challenges you may face as well as other necessary information about it.

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