Three good small business ideas to start during a recession are a household cleaning service, dog poop cleaning service and neighborhood street curb address painting. All three of these businesses can be started with an investment of under $100. Cleaning homes, garages and yards is an evergreen business regardless of the economy. Hauling away unwanted junk is another option.Know More
Among the best recession-proof business ideas is accounting, auto repair, resume writing and virtual assistant. Someone that is good with numbers can provide much needed accounting services for small businesses that want better financial management during economic uncertainty. Research shows that accountants are in demand during recession periods. Financial planning is a related field can be done by a one person firm.
Cars, SUVs and trucks all require ongoing maintenance in good and bad times. Vehicle owners are more likely to get repairs during a recession than purchase new automobiles. Opening an auto repair shop is a good choice for someone that enjoys auto body work.
Offering resume writing services to job seekers may be lucrative during economic slow downs. People want a polished resume for job applications. A thriving virtual assistant service provides assistance to businesses seeking to save money.Learn More
Dynamically continuous innovation revolves around changing technology even though the use of the basic product does not change, according to the University of Southern California. An example of this is the airplane: the basic technique of flight has not changed even though the technology of flying evolved from propellers to jets during the 20th Century.Full Answer >
The term "wide span of control," as a ratio between manager and direct reports, refers to a manager's authority over a large number of subordinates. A manager with a narrow span of control has direct authority over a fewer number of staff members, according to Inc. Magazine.Full Answer >
A management report is a formal business document that discloses a company's profit and loss statements in one- to four-month periods. Management reports are utilized by higher management professionals, such as CEOs and CFOs, to determine where the business needs to cut expenses and focus on developing future product or service revenue streams.Full Answer >
A matrix work environment is a structure where people or workers have more than one reporting line. Typically, it's a situation where people have more than one boss within the workplace.Full Answer >