Best Depression-Proof Businesses?

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Coffee
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Best Depression-Proof Businesses?

Post by Coffee » Thu Oct 21, 2010 11:28 pm

I've been researching this topic for quite some time, now.  Months, in fact.  And I haven't been able to come up with a good list of depression-proof businesses that aren't dirty, dangerous or extraordinarily difficult. 

Anybody have any good ideas?

Even researching the Great Depression, I didn't find any real good examples. 

The best I've been able to come up with is: Training drug detection and explosives detection dogs.  But I get the impression that it's pretty locked up by the old boy's network.
"Now remember, when things look bad and it looks like you're not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. 'Cause if you lose your head and you give up then you neither live nor win. That's just the way it is. "
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Re: Best Depression-Proof Businesses?

Post by craigr » Fri Oct 22, 2010 12:14 am

If there is another Depression, we can't think it would unfold like the 1930s. The country is much different today than it was then and the outcomes will likely be entirely different. I think the best depression proof asset is to be flexible enough with your skills that you can perform many tasks. Those with a resilient and flexible way of responding to problems usually land with both feet on the ground.
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Re: Best Depression-Proof Businesses?

Post by MediumTex » Fri Oct 22, 2010 8:38 am

Nursing
HVAC repair

In general, I think that a person who can sell effectively can do okay in any economic environment.
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Re: Best Depression-Proof Businesses?

Post by MeDebtFree » Fri Oct 22, 2010 10:33 am

I have a colleague whose spouse started a consignment business for ladies business/mid/upper-end attire.  They started with 400 sq ft 4 years ago and are now putting the finishing touches on 4000 sq ft.  They are also now consigning furniture.  My colleague plans on quitting the corporate grind in the next year or 2 and just live off of the store.  They are only in their late 30s.

In the beginning, they did a lot of small business research and put together a nice business plan with the help of a local small business organization.  It took them about a year of planning before they committed and another 4 months to get the doors open.  Their story is as about as picture perfect as it gets.

Wish I would have thought of it !
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Re: Best Depression-Proof Businesses?

Post by Storm » Fri Oct 22, 2010 12:00 pm

Pretty much any tradeskill like plumber, electrician, appliance repair, etc, is most likely recession proof.
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Re: Best Depression-Proof Businesses?

Post by Wonk » Fri Oct 22, 2010 2:16 pm

I'm a marketing guy and this is a post from one of my favorite "in the trenches" gurus:

http://www.makepeacetotalpackage.com/cl ... l#more-612

I think you'll find a lot of ideas in it.  Good luck!
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Re: Best Depression-Proof Businesses?

Post by Pres » Fri Oct 22, 2010 3:13 pm

Coffee wrote: The best I've been able to come up with is: Training drug detection and explosives detection dogs.
Training them to detect pot may soon become unprofitable, if you live in California. ;)
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Re: Best Depression-Proof Businesses?

Post by Coffee » Sun Oct 24, 2010 9:58 pm

MeDebtFree wrote: I have a colleague whose spouse started a consignment business for ladies business/mid/upper-end attire.  They started with 400 sq ft 4 years ago and are now putting the finishing touches on 4000 sq ft.  They are also now consigning furniture.  My colleague plans on quitting the corporate grind in the next year or 2 and just live off of the store.  They are only in their late 30s.

In the beginning, they did a lot of small business research and put together a nice business plan with the help of a local small business organization.  It took them about a year of planning before they committed and another 4 months to get the doors open.  Their story is as about as picture perfect as it gets.

Wish I would have thought of it !
I've thought about the consignment business.  I think it's a good one.  The only downsides being that it requires employees and retail space.  (I'm spoiled by owning an internet-based business, I guess?)
"Now remember, when things look bad and it looks like you're not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. 'Cause if you lose your head and you give up then you neither live nor win. That's just the way it is. "
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Re: Best Depression-Proof Businesses?

Post by MediumTex » Mon Oct 25, 2010 8:04 am

Coffee wrote:
MeDebtFree wrote: I have a colleague whose spouse started a consignment business for ladies business/mid/upper-end attire.  They started with 400 sq ft 4 years ago and are now putting the finishing touches on 4000 sq ft.  They are also now consigning furniture.  My colleague plans on quitting the corporate grind in the next year or 2 and just live off of the store.  They are only in their late 30s.

In the beginning, they did a lot of small business research and put together a nice business plan with the help of a local small business organization.  It took them about a year of planning before they committed and another 4 months to get the doors open.  Their story is as about as picture perfect as it gets.

Wish I would have thought of it !
I've thought about the consignment business.  I think it's a good one.  The only downsides being that it requires employees and retail space.  (I'm spoiled by owning an internet-based business, I guess?)
Isn't Ebay just a big internet consignment store?
Only strength can cooperate. Weakness can only beg.
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Re: Best Depression-Proof Businesses?

Post by Coffee » Mon Oct 25, 2010 12:42 pm

There are a lot of people (including "professionals") selling used clothes on ebay.  But I think that, with clothes (especially professional clothes) a lot of people want to try them on, before buying. 

Here in Vegas, there are a couple of used kids clothing stores that are doing very well. Same with consignment furniture.  Neither are businesses I could see myself doing.  I just don't have any interest in spending my life in a small store, selling used kids clothing. In fact, I think I'd rather dig cemetery plots.  lol.
"Now remember, when things look bad and it looks like you're not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. 'Cause if you lose your head and you give up then you neither live nor win. That's just the way it is. "
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Re: Best Depression-Proof Businesses?

Post by 6 Iron » Mon Oct 25, 2010 3:20 pm

I was thinking about this thread this weekend when I met a marital counselor at a college reunion. At least for him, business is booming.
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Re: Best Depression-Proof Businesses?

Post by Coffee » Mon Oct 25, 2010 10:18 pm

That's very interesting. 

Telling people how to talk to their wives is something I do, naturally.  I figure getting paid to do it, can't be that hard... can it?  lol.
"Now remember, when things look bad and it looks like you're not gonna make it, then you gotta get mean. I mean plumb, mad-dog mean. 'Cause if you lose your head and you give up then you neither live nor win. That's just the way it is. "
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