Q:

What is the best small business to start during a recession?

A:

Quick Answer

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
What is the best small business to start during a recession?
Credit: Adam Gault OJO Images Getty Images

Full Answer

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 about Managing a Business

Related Questions

  • Q:

    How do you open a small business?

    A:

    An entrepreneur can start a small business by preparing a business plan, choosing and registering a business name, getting a tax identification number and applying for a business license or permit. An entrepreneur must open a business account and create an accounting system for his business.

    Full Answer >
    Filed Under:
  • Q:

    How do you run a small business?

    A:

    The first step to running a successful small business is to make sure you are passionate about your business idea. Next, select a good business location, keep track of your finances, and choose your employees wisely. Offer products and services that have a high profit margin, and advertise continuously.

    Full Answer >
    Filed Under:
  • Q:

    How do you get bonded for small business startup?

    A:

    The first step in getting a small business startup bonded is to create a list of services the company provides for its clients so the bonding company can estimate a premium, according to Candace Webb of the Houston Chronicle. Once a comprehensive list is created, contact bonding companies for quotes.

    Full Answer >
    Filed Under:
  • Q:

    How do you start a small retail business?

    A:

    Aspiring retail business owners should determine a business model, find a location, secure financing, determine a business structure and deal with regulatory requirements. Community business leaders and small business development organizations can help aspiring retailers determine the best strategies to complete these steps.

    Full Answer >
    Filed Under:

Explore