What Businesses Are Recession Proof?

What businesses are recession proof? There are a variety of ways to approach this such as current trends during the present recession.

While Starbucks is cutting back, McDonalds’ business is picking up and profits are thriving? In fact, as a number of headlines indicate, the purveyors of “cheap eats” are doing well right now, such as Campbell’s Soups. They describe themselves as the “original dollar menu”.

As cellphones become “smart phones” like the Black Berry and iPhone, and 3G networks make web surfing by cell phone more accessible, people in markets like those who sell smart phones or who market applications for such phones may find the coming years a time of great opportunity while other industries decline.

Some other industries with solid track records during recessions include “comfort foods”, Drug Stores, education, security (internet and old fashioned!).

The issue is how to tap into this as a small or home based entrepreneur?

Comfort foods can be produced from home based operations when they meet local health department standards.

Education can mean a variety of things. It can mean making money through creating Simple Reports, larger information products, or, if you have the educational credentials, teaching online.

Can you sell or monitor home security alarms? That might be a way to get into the security field part time as a home business.

As far as historically “recession proof” jobs or occupational fields that be of interest to home based entrepreneurs, there are some jobs that continue to do well in a recession. At the link you can see the list of the “Top 25″ Recession Proof Jobs.

Suffice it to say that those who can sell and manage a sales territory are in demand. Accounting professionals likewise continue to be in demand. Medical administrative staff are still sought (i.e. those with a particular skill like coding). Computer networking skills and software development skills are also still in demand. These, along with Higher Education adjunct faculty, may reflect home based business opportunities if you’d like to work at home.

But don’t let Top 10 lists be the end of your search. Usually businesses that make money during a “boom” can make money during a “recession” by fixing what was sold in the boom. That’s why car dealers have repair shops. This doesn’t always work of course. The price of some things like Television sets and such are so historically low, it’s usually cheaper to buy new. But auto mechanics can do well during a recession.

One man locally who does remodeling was recently chided by his son for charging too little. “That’s why I stay so busy!” He understood that when money was tight, people were remodeling their homes instead of moving. He also knew that people would keep him busy and that he would get referrals if he gave a combination of reasonable prices and good service. He considered it better to have steady income than to get every penny possible out of a job.

Perhaps unexpected to our “throw away” society, but “shoe repair” can thrive during a recession.

As you might have guessed, resume writers can pick up some extra change right now. You see the “resume” programs can put words on paper in a correct format, but they can choose the right words. Someone who can’t write can’t write a resume or decent cover letter!

As the cost of health care continues to rise, state governments and insurers are using visiting nurses. You’re not a your home that way, but you’re not in a cubicle either.

Hopefully, these thoughts will stimulate your thinking on the subject.

This research assisted by Answer Analyst, check it out for yourself!