Best Recession-Proof Businesses
Even in a recession, you can start a business. Find out which ones were voted most likely to succeed.
Opinions expressed by Entrepreneur contributors are their own.
Q: I'd like tostart my own business, but I'm in a recessionemergency-behind on my bills, savings gone and no start-upcapital. I have been unable to make enough doing temp service work,etc, to cover basic expenses. What are the best recession-proofbusinesses?
A: Some businessesactually do well during recessions; they're"countercyclical." For example, as both business andconsumer debt mounts in a recession and companies need to collectevery possible dollar they're owed, debt collection agencies,companies that specialize in repossessing items and bankruptcyattorneys are at their busiest.
Continue reading this article — and all of our other premium content with Entrepreneur+
For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:
- Digestible insight on how to be a better entrepreneur and leader
- Lessons for starting and growing a business from our expert network of CEOs and founders
- Meaningful content to help you make sharper decisions
- Business and life hacks to help you stay ahead of the curve