Why More Than Ever It Is Time to Start a Recession Proof Business!

Happy 2021! We survived 2020 - what a year! Last year was an eye opening year and most definitely a learning year. With a pandemic, job lay-offs, and unemployment at its highest rate, some made it through by the skin of their teeth, while others on the other hand, did not.


Starting a business is not the solution to the above mentioned issues or concerns, but it is a start! You could lose your job today or tomorrow and have nothing (maybe a 401K if you're lucky). But, your business on the other hand, well that is how you create generational wealth. You can pass down your business to your kids, you can't do the same with a 9-5!


You may me thinking, I don't know how to run a business OR what type of business can I start? Everyone does not wake up and say "Hmmm, I have this business idea and want to start! When I started my business, I was a nursing student, and prior to that, a business and me owning one never crossed my mind. But, think about some of your hobbies, what you are good at and passionate about, etc. -something that resonates with you. People (family, friends, etc.,) always come to me asking me about business ideas and such and my first question is " well, what do you like to do?"


When you are thinking about starting a business, you want to start a business, no matter the climate of the economy, your business will not be effected. This is called a recession proof business! Some examples of recession proof businesses are:


Daycare/Childcare Services

Tax Industry

Cleaning/Janitorial Services

Food & Beverage

Retail

Repair Services


Regardless of the economies climate, these businesses are very much needed. A recession proof business will always provide stability and steady income. A 9-5 is no longer that cushion that we once thought of it as and COVID-19 showed us that. Now, I am not saying to go ahead and quit your 9-5 and just start a business. NO! You should still work your 9-5 to help fund and grow your business. Your 9-5 does provide you with benefits (health insurance, life insurance, 401K, etc.) that your new business is not able to provide at the moment.


So, my challenge to you is think of a business you can start to create generational wealth! We are here to help and aide you with all of your business needs and should you have any questions or concerns about what may or may not work for you, feel free to schedule a business consultation with our company!




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