What kind of nitwit
starts a business in this economy? Well, maybe a smart one.
Sure, the real estate
market is seriously challenged in most areas. And retail sales in
many sectors aren't up to snuff. But there are some businesses
that do pretty well in a down economy.
1. An employee
leasing or temporary workers agency. In down economic times,
companies don't want to hire. They do, however, still need to have
work done. Bingo! Send them contract workers.
2. Small businesses
of all sorts. Advertising firms, legal firms, interior design
firms, accounting firms -- any business that is small has a better
chance of getting business than a big company. The perception is
that big businesses charge more. Whether that is true or not is
not important -- the perception is there, and you can take advantage of
it.
3. Credit repair
agencies. No explanation needed here.
4. Online
companies. Overhead is minimal, and there is no better way to
compete with the big guys than right here on the communication
highway. Start full time or part time. Then let it grow and
grow.
5. Repair
services. People are less likely to buy a new lawn mower, and
more likely to have the old one repaired in a down economy. Same
is true for watches, knives, clothes and just about anything else you
can think of.
6. Rental
companies of all kinds. In a good economy, that college kid
might buy a tux for the prom; in a slow economy he will rent
it.
7. Apartment
referral service. Match up prospective renters with vacant
apartments or condos.
8. Become a
government grant specialist. Many people assume that the
government is sitting on piles of money just for them. While the
reality is a bit more modest, there is a real market for people who can
track down the funding that is available. Click
here to get started.
9. Mini
storage. Lots of folks move out of big houses and need some
place to store their stuff. Mini storage facilities do extremely
well in down times.
10. Second
hand stores. Not only do lots of people like selling nice
stuff, and doing it discretely, but lots of other people like buying
it. This isn't junk we're talking about -- it's really nice stuff.
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