| Have you noticed how much you hear the "R" word | | | | lose their homes to foreclosures, credit ratings and |
| lately? There certainly isn't a shortage of news reports | | | | debt levels are directly affected. Marketing these |
| on negative financial news out there. As the threat of | | | | services is ideal but doing the actual credit repair or |
| an U.S. recession continues to grow, you need to ask | | | | debt collections/negotiations can be rather difficult. By |
| yourself a question: | | | | finding the right business model within these industries |
| "Would you struggle through an economical recession | | | | you can have a product in high demand. |
| or would you thrive in it?" | | | | - Healthcare |
| There are several products and services that do well | | | | Despite a lagging economy, people will continue to |
| in recessionary times. Even as people cut back on | | | | need healthcare. As the baby boomer generation |
| expenses and frivolous items, there will still be some | | | | continues to age, so does the need for services in this |
| products and services that will do well in recessionary | | | | industry. By finding a profitable niche in this industry you |
| times. In fact some will actually thrive in a recession. | | | | are assured to see increased demand over the next |
| - Online Businesses | | | | 30 years. |
| Online businesses are simple and inexpensive to start | | | | There are many opportunities for entrepreneurs during |
| up and can be very profitable if done right. It is | | | | a recession and we have just touched upon what to |
| estimated that U.S. online spending will increase 17% in | | | | look for. The secret to your success is "finding the right |
| 2008. This double digit growth is expected to continue | | | | business model" to explore. |
| for many years as consumers become increasingly | | | | You could just as easily start a new business in any of |
| comfortable purchasing online and enjoy the | | | | the 3 above categories and be dragged down by a |
| conveniences and cost savings of not driving to the | | | | business that requires all of your time, doesn't have the |
| mall. Almost every aspect of starting an online | | | | profit margins needed or has high start up costs & high |
| business can be outsourced and with almost no | | | | risks. |
| overhead, profits tend to be much higher then a high | | | | Don't make the mistake of starting a flawed business. |
| risk retail store. | | | | Play particular attention to the type of business model |
| - Credit and Debt Management | | | | you get into when looking at the above 3 industries. |
| As more American's lose their jobs to downsizing and | | | | |