Can any business really be 100% recession proof? No business is completely recession proof. However, some businesses like auto repair shops and discount retailers typically perform better during economic downturns. How can you identify a recession-proof business niche in the market? While consumer be...
consistent demand affordability addressing basic needs while no business is completely immune to a recession, the ones in these categories are better positioned to weather economic downturns, and in some cases, flourish. 20 recession-proof business ideas {2024} there are many reasons to pursue ...
We’ve seen some business ideas that are well placed to weather the storm of an economic recession. But it’s not just about survivability. It’s often better to start a new business, especially a recession-proof one, in economic downturns. If you have enough funds set aside, the cost ...
One of the biggest mistakes small businesses make is that they fail to plan for recession well in time. The truth is that to best recession-proof your small business, you must start before the recession hits. You must proactively put systems in place to ensure that your business is inherentl...
Running a small business during a recession is challenging. But a recession doesn’t have to spell the end. Your small business must be agile and flexible to adapt to its new reality. If you plan, execute well, and keep your focus, you can recession-proof your business and come out stro...
We reached out to some of our Mindbody Certified Consultants to compile a list of ideas to help you optimize revenue as you navigate this economy. Here are some creative ways to recession-proof your business: 1. Optimize pricing Strategically pricing your memberships can make all the ...
If you’re looking to start a business that will weather the current and upcoming economic storm, here are seven recession-proof business ideas to consider. Car repair Travel will continue to be a prominent part of daily operations, with people needing to drive to work, school, or for leisur...
Small Business Coach - How to Recession-Proof Your Beliefs and Your Business!Lisa Murray
Starting a small business is always a risky proposition. And during a recession, the risk is even greater. But certain businesses are more recession-proof than others. Five businesses to avoid starting during a recession include luxury retail, hospitality, manufacturing, construction, and home servic...
There are many everyday habits that the average person can implement to protect themselves from the sting of a recession or even make it so that its effects aren’t felt at all. As the recession hits, these tools can help you get through it in one piece financially. Key Takeaways ...