The Top 10 Businesses
Top Ten Businesses in a Bad Economy According to One Coach the following businesses tend to succeed during a recession: 1. Business Coaching 2. Business Networking 3. Alternative Fuels 4. Environmental Services 5. Health Care 6. Nail Salons 7. Discount Retailers 8. Luxury Products 9. IT and Technology Services 10. Credit and Debt Management It is debatable whether Nail Salons and Luxury products truly do succeed in a recession. Item #9 in my view should be ranked higher in the list as businesses utilize technology to become more efficient and profitable during tight, recessionary periods. #3 and 4 are great forward looking businesses, but they carry a premium and subject to positive government policy and regulations. Just know you need to be prepared for the long haul with Alternative Fuels and Environmental Services as demand will ebb and flow directly associated to the whims of the White House and Congress. In addition, during down economies, you will need to aggressively...