Top Businesses to Start in Uncertain Times
Annotated by Eunice
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In these times of uncertainty, I would like to share with you several ideas of businesses to start in uncertain times.
As in all other businesses, we should first do our homework, practice due diligence and educated risks focusing on our talents, interests, our calling and do not forget, our bottom-line. Do not also forget that in everything you do, you should put God first and He will crown your efforts with success.
PS- I already took the liberty of annotating some entries to fit our region/country.
Top Businesses to Start in a Sluggish Economy http://www.legalzoom.com/legal-articles/Top-Businesses-Start-Sluggish-Economy.html?WT.mc_id=EM_NEWS_JAN09BEST_BIZAB_FINAL&WT.mc_ev=EmailOpen&spMailingID=2333180&spUserID=MTI0MzM3MzYwMTMS1&spJobID=64495484&spReportId=NjQ0OTU0ODQS1
Author(s): Heleigh Bostwick
It may seem counterintuitive, but starting a business during a recession can reap some big rewards. In fact, studies indicate that more people are taking the entrepreneurial plunge despite the economic slowdown. Less competition for customers and lower marketing costs can make a sluggish economy one of the best times to start your business. Here are a few businesses that even thrive in tough times. 1. Debt Collection It goes without saying that in tough economic times bills start to pile up and often go unpaid. While debt collection is not an especially pleasant business, it’s one that generally does well during economic downturns. As an added bonus, you have the option of working out of your home as an independent contractor or working for a debt collection agency. 2. Healthcare Products This is a booming industry where people, especially Asian look to alternative, complementary and other therapies there-other than conventional or medical intervention. Siyempre, andito na yung mga whitening, bleaching and anti-aging products. An aging population whose health is declining is going to purchase healthcare products and services—recession or not. And, with more health related products and services available than ever before, this is a business that is sure to thrive. 3. Job Search Agency Actually sa Google, isa sa top 10 ang word na job sa search engine words most commonly searched. Here in the Philippines, the last time I searched for information regarding this, you need at least 1 Million Pesos bond sa POEA, well, that is kung gusto mong may international staffing service ka, which is likely, the preferred choice, go abroad than local lang.
When people lose their jobs, they often turn to employment agencies or job search firms. If you are a people person with a lot of industry contacts and a knack for matching out-of-work employees with potential employers, then this type of business might be a good choice for you. 4. Mediator In tough economic times, many people turn to mediators rather than attorneys to settle disputes simply because they are less expensive. If you’re skilled at negotiating, this may be the business opportunity you are looking for. 5. Security Firm Security firms are doing a booming business, but the security business is not just about security guards. It’s also about performing security and background checks for employers.
6. Computer Repair Computers are a fact of life and so is computer repair. The good news is that a computer repair business doesn’t depend on whether the economy is good or bad. If you are the go-to person when a friend’s computer goes bust, then the computer repair business might be a good fit. It’s also possible to join a franchise operation like Geeks on Call. Computer repair shop hindi computer stores hah? Kasi I have heard from my expat friends na the computer shop store is already saturated making it very difficult for newbies to stay in business kasi nga mababa lang talaga ang profit margin dito tapos marami ka pang ka kumpitensiya.7. Internet Marketer Many people jump on the website bandwagon without really understanding internet marketing. After all, what good is a website if no one sees it? Internet marketing is becoming more and more important as people comparison shop and purchase items online. That’s just one of the reasons why it’s a good business when the economy goes south. Electronic, web and digital marketing including those putting up their websites, must see to it talaga that they have visitors at hindi lang visitors, these visitors should also turn into their customers.
8. Web Entrepreneur You don’t have to be a computer geek to become a web entrepreneur; all you need is a good idea or product. You can create a website yourself or hire a web designer to do it for you. 9. Pawn Broker Ok, not everyone is cut out to be a pawnbroker, but pawnshops are typically businesses that do well during recessions. A pawnbroker takes merchandise as collateral on a loan, albeit a loan with exorbitant interest rates. 10. Cosmetics Sales This may seem like an odd business to start in a sluggish economy, but the truth is that cosmetics are an inexpensive way to let us feel good when times are not so good. After all, who doesn’t want to look terrific?
More Top Businesses to Start in a Sluggish Economy
Author(s): Heleigh Bostwick
There are plenty of opportunities for starting a new business in a recession. Back in April 2008, we gave you this list. Now we’re adding more ideas for 2009. Check out 10 more businesses that are built for recession success. While many businesses in the retail sector are posting record losses these days, other businesses are turning a profit, especially service-oriented businesses offering non-discretionary goods. During economic recessions, people are reluctant to part with their hard earned money, so businesses that help people keep money in their pockets are winners in tough economic times. 1. Financial Advisor This might seem like a strange choice given typical market activity during a recession. But when turmoil is afoot, people are looking for solid advice on how to manage their money. Americans, especially those close to retirement, are worried about their financial futures. 2. Business Coach As businesses try to improve morale, increase bottom lines, and improve efficiency, more and more of them turn to business coaches. Business coaches offer advice on everything from reading financial statements to helping companies with time management and personnel problems. Okay, so dito na ako mag plu-plug, if you need spa operations, management and consulting services or even a career coach, you can get in touch with me. email@example.com. Beer Distributor Beer consumption doesn’t go down in a recession. In fact, it usually goes up as people switch from more expensive wine and cocktails. And with the wealth of microbrews available now, there’s a beer to suit even the most discriminating palate. —– ah eh dapat lambanog ang ipromote natin or yung rice wine na invented by a Filipino.4. Reusable Water Bottle Sales Another profitable business that’s taking off is selling reusable water bottles. With all the health scares about Bisphenol A (BPA) and other harmful chemicals leaching into water from traditional reusable plastic bottles, stainless steel and BPA-free water bottles are a must-have item even in the tough economy.
5. Green Café The green café is a variation of the neighborhood café. The advantage of a neighborhood café is that it can start off small and expand as your income grows. The advantage of a green café is that it can have lower operating expenses because it focuses on recycling and reusing as much as possible, thus creating very little waste. And being green offers a unique marketing aspect. 6. Consignment Shop Even socialites are doing it—shopping at thrift stores, that is. And if that isn’t an indication of a trend, then what is? That’s just one of the reasons running a consignment or resale shop during a recession is a sound business proposition. Consignment shops sell clothes, furniture, decorative items, and home furnishings; business owners can specialize in one of these resale niches or offer all of these items in their stores. One of the advantages of starting a consignment shop business is that it doesn’t require a lot of capital to get started. 7. Automotive and Appliance Repair The automotive repair business is always brisk during economic downswings because people opt to repair their cars rather than buying new ones. The same can be said about large appliances like washers, dryers, and refrigerators. For many big-ticket items, repair is far more cost-effective than buying new. 8. Auto Salvage Yard Think of it as architectural salvage for cars instead of houses. Sometimes called auto parts recycling centers, auto salvage yards often experience booms during recessions. More people repairing their cars leads to increased demand for recycled car parts. 9. Residential Real Estate Appraiser Because recessions usually see waves of foreclosures in the housing market, residential real estate appraisal is a profession that’s going to remain in demand, despite an economic and real estate slump. 10. Home Healthcare Services Home health aides, personal aides, and visiting nurses all fall under the umbrella of home healthcare service providers, one of the top growth industries today. Recession or not, Baby Boomers are going to need these services as they age. If you have experience in the healthcare industry, especially in management or nursing, then operating a home healthcare services business is definitely an option. Siyempre, here goes the businesses related to spa, massage therapy, wellness, fitness, nutrition, etc. These types of businesses, in my opinion, will never get outdated.
So God bless sa inyong lahat and before I go, I would like to share with you a story, it’s about a man named Pedro, who was walking along a cliff in a steep hill, all of a sudden, he losses his balance then slips and falls off. Fortunately, he had the presence of mind to grab on to the ledge and he is hanging there for his life. He yells on top of his voice, “Is there anybody there who can help me? After several shouts, a voice answered him back saying, “this is God, I can help you, just go and trust” and upon hearing this and thinking for awhile, Pedro shouted “Is there anybody else up there who can help me?”
The lesson is simple, if you want to move to a higher level in your life where you will be able to help yourself and help other more people, you have to be willing to let go, of some of your old ways of thinking and being and adopt and change them into new ones. We should be able to trust God and let go. Because if you keep doing what you are doing, you will still end up where you are now. That is insanity. As Albert Einstein amply puts it, Insanity is: doing the same thing over and over again and expecting different results.
A list of training centers, magazines, publications, books and literatures both local and international are all available in the book, “The Spa, Massage and Wellness Resource Guide and Career Book”. You can order it online via http://www.amazon.com/ or for local Philippine orders, email firstname.lastname@example.org. If you are looking for a career opportunity, not just a job in the spa, massage therapy and wellness industry, this book is a must read.
Eunice Estipona a spa consultant, mentor, advisor, speaker and lecturer. One of her advocacies is to make healing and information regarding the field of spa, massage and wellness accessible and affordable to everyone. If you are serious about turning your business or practice around, making the right decisions, getting an unbiased opinion and knowing where to get help, for lectures and other concerns she can be contacted at email@example.com or +639184745685. To find out how she can help you take your business to the next level, visit her site at http://www.meetup.com/businessandentrepreneurs
These along with hundreds of resources found locally and abroad are contained in “The Spa, Massage and Wellness Resource and Career Book”, the first book of resource information to know more about the Spa, Massage and Wellness Industry in the Philippines and other countries including the United States, Australia and other Asian countries. You can view, read, download and print for FREE the book’s summary at this link http://www.scribd.com/doc/6425282/About-the-Book-Spa-Massage-and-Wellness-Resource-Guide-and-Career-Book
If you are a spa, massage therapy and wellness information seeker the resources contained in the book for you. This book is a collection of data and valuable information regarding the spa and massage industry in a global perspective with a focus on the Philippines. Her advocacy in writing the book is to make “unbiased” information regarding the field of spa, massage and wellness resources and career, accessible and affordable for everyone. If you are considering a career in the massage, spa and wellness industry, this book will prepare you and give you a glimpse of what it is like, the preparation you need to take: emotionally, intellectually and financially. In this book, you will learn more details in the spa and massage field and the possible paths you can take. You will also learn about local and international training programs offered and numerous employment possibilities. Giving you much needed information at your fingertips. You can order it from http://www.amazon.com/ or for local Philippine residents, you can email and get in touch with Eunice at firstname.lastname@example.org.
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