Tweet

The Best Business To Start In Recession

Guest post by: David Anthony Watson

Article Overview: Over the past few years the US economy has plummeted to record lows and resulted in increased unemployment, record numbers of foreclosures and increased consumer debts. Many people are sitting tight and hoping for the economy to recover without realizing that it is unlikely to recover for many years. However it is not all doom and gloom, there are opportunities for entrepreneurs who have the courage to take a stand and become the master of their own destiny. Setting up on your own could be the best business to start in recession.

The Best Business To Start In Recession

Despite the current recession, a study in 2009 by the Kauffman Foundation showed that US entrepreneurial activity has increased to the highest rate in 14 years. This is not really surprising given the increase in unemployment levels and many more people fearing redundancy. There is something about a recession and tough times that brings out the entrepreneurial spirit in individuals. Successful entrepreneurs have a strong will to succeed and won't let the recession stop them making money. In fact during the Great Depression there were more millionaires created than ever prior to that era. So recessions can be a time of opportunity for those that are open to it.

Whilst many great organizations were started during a recession, they were often started as micro businesses and then grew from there. Setting up from home is becoming very common in the US with the internet boom in recent years. The internet has allowed people to work without the need for office space or even to employ staff. Certain tasks can still be outsourced depending on the business you are in so overheads can be kept to a minimum.

The benefits of many home businesses online are low start up costs as you simply need internet access to get started. Clearly you will want to invest further once you start making sales but you can start off with relatively little outlay. The best place to start is identifying a niche market that you can offer a product or service to. Try and find a niche that is relevant to your interests or expertise. This way you will find yourself much more passionate about what you are doing. If you can offer a value driven service to customers you are more than likely to gain a following. Commerce is all about giving value to customers and in return you will get something back, whether that be money or referrals.

Affiliate marketing is a low cost way to start a business online. All you need initially is a blog or a website. Once you have built up a following you should start to see a decent income stream. The beauty of this is that you could start this part-time if you are still working in the Corporate Grind.

Franchise companies may be another option as they tend to follow a proven business model that has been tried and tested. This literally saves you hundreds of hours as a lot of the business infrastructure is in place. You simply need to attract and serve new customers well. There are many low cost options available if you do some simple research online.

If you look online there are literally hundreds of options to make money from home. It is important to do your due diligence and ensure that the businesses are legitimate before parting with your hard earned money. However if you look hard enough there are a number of golden nuggets to be found. You will generally find that the more time and energy that you can put into your business, the more you will see results.

Becoming an entrepreneur may sound daunting when you are working in the wage system and have a regular salary coming in. But can you guarantee how long this will last for in the current recession. Are you working for a recession proof business? If you are worried about leaving a paid job behind, consider the part-time option so you can test out the waters prior to diving in.

Related Articles
  Why You Must Keep Marketing Through The Recession
  Are there any businesses that are recession-proof?
  Advertising during recession
  Many Millionaires Have Been Created During Recessions-Do You Have What It Takes To Join This Group of Millionaires
  What the heck is a recession?
  Seven Years of Bad Luck, or Bad Growth, or Something
  “A Strategic Action Plan For Recession Resistant Marketing”
  Escape Recession with Online Marketing - An Easy Way Out
  Fun Recession Activities!
  The Best Way to Escape the Current Economic Recession
  Job Searching And Staying Marketable In A Recession
  Home Business Expert: Direct Sales Is An Economic & Recession Proof Business
  Marketing Strategies To Recession Proof An Internet Based Business
  The Entrepreneur finds Strength in Apparent Defeat
  Turning a Recession Into An Opportunity
  Marketing Techniques During Recession
  Recession Resistant Franchises
  What is a Recession Proof Franchise Opportunity
  How Entrepreneurs Can Thrive During The Recession
  Entrepreneurs – Want To Start A Business During The Recession?

Article Tags: best business to start in recession, david anthony watson, recession proof
Referred by: http://jaykubassek.com/



Related Forum Posts
Re: How can I promote my site? - To promote website online you need to hire professional SEO expert because you have to perform the below activities for your website promotion:- Start On page optimization which includes the following task:- 1. Meta tag optimization 2. Header Tag Optimization 3. Alt tag Optimization 4. Content Optimization 5. Anchor Text Optimization 6. URL Optimization 7. Navigation Optimization After On page optimization, Start off Page Optimization which includes the following task:- 1. Link building 2. Directory submission 3. Classified Ads submission 4. Article submission 5. Press Release submission 6. Social Bookmarking 7. Business Listing 8. Local Listing 9. Blog Optimization 10. PPT Creation & Optimization
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Exclusive: Interview with Results - Hi Forum Members, I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles). As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business. This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business. I am looking to interview about 30 businesses across North America over the span of 3 months. At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews. I would like to extend this opportunity to members of the Forum. If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM. Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.
Books for Women Entrepreneurs - There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here. It doesn't matter how successful you are in your business - it's always possible to learn something new. In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment! 1. The Old Girl's Network 2. Mother's Work 3. The 7 Greatest Truths About Successful Women 4. Pitch Like A Girl 5. Workplace Warrior 6. Treasure Hunt: Inside the Mind of the Modern Consumer 7. Contingency Planning & Disaster Recovery 8. She Wins, You Win 9. Napoleon On Project Management 10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do 11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years 12. The One Minute Millionaire 13. Talking From 9 to 5 14. Soloing: Realizing Your Life's Ambitions 15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success 16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded 17. Fail-Proof Your Business: Beat the Odds and be Successful 18. Confidence: How Winning Streaks and Losing Streaks Begin and End 19. Women Don't Ask: Negotiation and the Gender Divide 20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen 21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business 22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker 23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business 24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises 25. Net Ready: Strategies for Success in the E-conomy 26. The Promotable Woman 27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it 28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home 29. Secrets of Six-Figure Women
Re: HOw to market a B2B consulting company - [quote="zohahunt77":428owzbi]Hi, I was wondering if anyone can tell me the difference between B2B and B2C. I don’t know about b2b marketing but I have done marketing so know things about it. I will suggest you to take online services which will spread your business all over web network. Online marketing is the best way to market any business.[/quote:428owzbi] B2B = Business to Business - You are marketing to other businesses. B2C = Business to Consumer - You are marketing to consumers.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

The new marketing question. Will they follow?

Setting Goals for your Home Based Business

Avoid Burnout: Do the Limbo Regularly

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.