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10 Great Businesses for Tough Times
August 14, 2007



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TOP OF THE BRIEFING
HOW GUTSY ARE YOU?

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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____________________________

    "Mickey Mouse popped out of my mind onto a drawing pad 20 years ago on a train ride from Manhattan to Hollywood at a time when business fortunes of my brother Roy and myself were at lowest ebb and disaster seemed right around the corner."

        Walt Disney, Fantasy Maker Extraordinaire

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That's it for now. Remember, if there is anything you want to see in this ezine, let me know (I've got a bit of influence with the editor!)

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