Which industries are recession proof?
While some industries are very susceptible to economic changes, other sectors tend to perform well during recessions. However, no company or industry is 100% safe from an economic crisis or recession. Consumer staples and alcoholic beverage industries all performed well during the COVID-19 pandemic.
How to start a recession proof business?
Recession-Proof BusinessesFood and Beverage. The food and beverage industry belongs to one of the most recession-proof sectors because even during an economic breakdown, people still keep buying food.Repairs and Maintenance Services. …Auto Repairs. …Cleaning Services. …Health and Senior Services. …Veterinary Services. …Funeral Services. …Baby Products. …Accounting Services. …Freelancing. …More items…
What is business considered recession proof?
Recession proof businesses are:low growth modelVery flexible, which means low investment in infrastructurepermanent demand (if not constant), not sensitive to discretional spending
What are the best recession proof businesses?
Christian Brothers Automotive. Christian Brothers Automotive is more than just vehicle repair. …FASTSIGNS. FASTSIGNS International, Inc. …TWO MEN AND A TRUCK. …Visiting Angels. …Fibrenew. …Pinch A Penny. …Wild Birds Unlimited. …Precision Concrete Cutting. …MaidPro. …360clean. …More items…