Page 3 of 18 FirstFirst 1234513 ... LastLast
Results 31 to 45 of 258
Like Tree3Likes

Thread: New Poll - What Is The Best Business To Start Up In A Recession?

  1. #31
    rejoice's Avatar
    rejoice is offline YE Veteran
    Join Date
    Apr 2007
    Location
    Australia
    Posts
    1,197
    Quote Originally Posted by trisario View Post
    A website for employment (since in my country, thousand of workers being laid off). Luckily, I wouldn't need to find a job
    yeah but if all the companies are laying off workers... do you really think they will be creating new positions and re-hiring any time soon ??
    1. Fast MLM Fortunes Ebook - FREE For A Limited Time And Then Back To $197
    2. Home Beer Brewing Secrets Affiliate Center - Huge Thirsty Untapped Niche
    3. Karmic Health - Accepting Joint Venture (JV) Proposals In "Yeast Infection"

  2. #32
    Scunizzo's Avatar
    Scunizzo is offline Junior Member
    Join Date
    Nov 2003
    Location
    Toronto, Canada
    Posts
    40
    Two weeks ago I asked you what the best businesses are to start in a recession.

    We’ve had so many great responses that I wanted to extend the voting by one more week.

    I also wanted to share with you some suggestions from eHow on how to start a business during a recession:

    Step 1
    Write a thorough business plan. This document should include the focus of the business, marketing, revenue and other details. There are books and online resources available to help in this process. I’ve included some resources below.

    Step2
    Choose a business with low start-up costs. If possible, start your business in your home. Purchase second-hand or rent equipment or furniture. Investors are a more conservative in their investment opportunities during a recession, so you may not be able to find an investor for your business.

    Step3
    Do industry research. Check out your competition and try to determine what you can offer that will make customers choose you over the others. Follow market trends. If more people are staying home because of the price of gas, perhaps you can launch a business that helps them make this adjustment (entertainment, food, home services, etc.). Also, what is the success/fail rate for your type of industry in your area? These are all things to consider. Stay sharp and in-tune.

    Step4
    Market aggressively. Make customers think they need your product. Be sure to give your marketing strategy careful consideration for optimal results.

    Step5
    Network. Join your local Chamber of Commerce or local industry group. You will find both customers and peers that will benefit your business.

    Step6
    Treat your customers like royalty. Go the extra mile for your customers. Your customer relations will encourage people to come back and spread the word about your product.

    What do you think is the best business to start in a recession? Please leave your feedback below so we can build the best list possible for young entrepreneurs everywhere who are struggling to get by and want to start a successful company despite the bad economy. The results are coming next week so please vote today!

  3. #33
    Dmoore323's Avatar
    Dmoore323 is offline Senior Member
    Join Date
    Dec 2008
    Posts
    164
    Recessions are the best time to start up a project. Its when the streets are dark and you have an opportunity to light them. Any business about the people is one that will thrive.

  4. #34
    businesgoonline is offline Senior Member
    Join Date
    Oct 2008
    Posts
    184
    i suggest online business like selling in ebay, blogging and etc.....

  5. #35
    CybFun.com's Avatar
    CybFun.com is offline Senior Member
    Join Date
    Jan 2009
    Location
    Schaumburg, IL
    Posts
    110
    Video game business is one of those recession proof business. Also, used or recycled item shop is.

    When you are in game business, you naturally deal used games also.

  6. #36
    SOCMiles's Avatar
    SOCMiles is offline Junior Member
    Join Date
    Jan 2009
    Location
    Albuquerque
    Posts
    41
    Find a product you like that you can distribute! Network Marketing can be such an inexpensive way to create additional income.

  7. #37
    CybFun.com's Avatar
    CybFun.com is offline Senior Member
    Join Date
    Jan 2009
    Location
    Schaumburg, IL
    Posts
    110
    To me, it's video game business.

  8. #38
    pboychuk's Avatar
    pboychuk is offline YE Veteran
    Join Date
    Jan 2008
    Location
    Atlanta, GA
    Posts
    912
    cash4gold seems like a good business to start:
    ie. Cash4gold: 10 Confessions Of A Cash4Gold Employee

  9. #39
    happyrogue's Avatar
    happyrogue is offline Junior Member
    Join Date
    Feb 2009
    Location
    New Jersey
    Posts
    9
    It all depends on what you can offer to others.

    1. Computer Repair / Web Design
    2. Some form of giving lessons or tutoring.
    3. House Cleaning Service
    Follow me on twitter: http://www.twitter.com/happyrogue

  10. #40
    Youngentre12 is offline Junior Member
    Join Date
    Feb 2009
    Posts
    12
    I agree with Healthcare. Health care will always prevail!

  11. #41
    nice_guy_2007 is offline Junior Member
    Join Date
    Feb 2009
    Posts
    20
    I totally agree with continuing education further your education during a time of recession is the best possible way to stay competitive. One other i would like to throw on the list is any products or services targeted to the older generation of people entering supported living or group living environments. That’s the largest growing segment of the population so taping into that would be a great idea.
    http://www.healthcrazedpeople.blogspot.com/ - My blog is about everything health related: workouts, diet, eating habits, food, wellness, and longevity.

  12. #42
    amitx is offline Junior Member
    Join Date
    Feb 2009
    Posts
    1
    Hi Everyone,

    I'm an Engineer working in Telecom company, based in China.

    Basically,I'm from India.

    Entrepreneurship has always been my dream (unfulfilled so far) and after working 8+ years under several guys, I really would like to start something on my own,no matter how big or small it is...I would definitely like seeing myself working on this 'something' after 5,10,20 yrs...down the line.
    Can anyone suggest me any good business that I can start in India? It could be something technical in telecom line or some other venture like import-export etc etc.

    Thanks a ton !!

    Amit

  13. #43
    chuckmanley83 is offline Junior Member
    Join Date
    Feb 2009
    Posts
    13
    You have to think elastics. Health care, education...things people will need no matter what.

  14. #44
    akasliwal is offline Junior Member
    Join Date
    Feb 2009
    Posts
    19
    amit u really want to start a business?...i have a great idea for you. if you know any cloth designers then i can tell u what i have in mind.

  15. #45
    SCJeff's Avatar
    SCJeff is offline Senior Member
    Join Date
    Feb 2009
    Location
    South Carolina
    Posts
    120
    well im still relatively new to the business world, but from what i've been reading, and based on my own thought, if you create a business based around a service, or industry for the rich. Landscaping, auto repair, etc. You have a pretty good ground foundation so if there is a economic down turn, you have a better advantage over some others. The rich and wealthy will always be there, and services such as these are in great demand whether the economy is bad or good. They'll still pay for their yard to be kept up, cars to be worked on or w/e.

Page 3 of 18 FirstFirst 1234513 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
About Young Entrepreneur

Founded in 1999, YoungEntrepreneur.com has become one of the largest online forum communities for entrepreneurs worldwide.

Copyright © 2012 Entrepreneur Media, Inc. All rights reserved. | Privacy Policy