Timothy Schucker lists five recession-resistant businesses to start: pet services, accounting, reselling used items (secondhand stores saw 35% sales growth in the last recession), home repair, and insurance sales.
Here are five recession proof businesses that you can start in 2022. Number one is to sell pet products or services. Most people will cut back on essentials for themselves before they stop pampering their pets. Use this to your advantage and start a business that serves pets. Number two, Accounting bookkeeping. Businesses have to file taxes whether they make or lose money. Number three is to sell used items online. During the last recession, secondhand stores saw a 35% increase in sales. This recession that shopping will be done on ebay and Poshmark. Number four is starting a home repair business. This includes H Vac, Electrical, plumbing. You know, things still break when the economy's down and people don't just magically know how to fix them because money is tight. And number five, my personal favorite is to sell Medicare or life insurance. The insurance business grows steadily through a recession. It's even more important to have life insurance when the economy's down and Medicare is government insurance that you get paid to sell no matter what the market's doing. Check out our channel to see more of this little girl and also how you can start an insurance business during the recession.
