Business ideas that work in crisis
When the economy is in crisis, hard times come, not only for you and me, but for the entire business as a whole. History has shown that small businesses, which are very useful for the country’s economy, experience very difficult times in times of crisis.
So what kind of business to start in a crisis? How to get financing for your business ideas? These are very complex and voluminous questions that the best economists and businessmen in the world are struggling with.
There is one fact that can be recorded in the good news asset. Some of the largest enterprises that operate in America just started their business in times of crisis. It is logical to assume that the factors of business success during the crisis may be: low rent, low utility bills, lower wages for their employees and so on.
The main expenses for your business in difficult times for the economy are slightly lower than in a calm state.
In fact, there are several business ideas that work pretty well in a stagnant economy. These ideas will allow you to start a business and carry out your business activity, even when all the circumstances indicate that the volumes of all markets are only falling.
Let’s talk about a few ideas that you should think about over a cup of morning coffee.
In difficult times, people stop thinking about iPads and other fashionable gadgets. A person begins to worry only about how to fill his stomach and how to feed his family. Moreover, buyers are trying to make bulk purchases, because it is cheaper and there is enough food for a longer period.
Where to get money to start your own business? It is this problem that 95% of beginning entrepreneurs face! In the article “Where to get money for a business” we revealed the most relevant ways to get start-up capital for an entrepreneur. We also recommend that you carefully study the results of our experiment in exchange earnings: “see the results of the experiment”
If you want to start your business in difficult conditions, then pay attention to the sale of products that are in greatest demand. Sell bundles, carts, large boxes. Simply put, focus on wholesaling, placing at the forefront a slogan something like “Take it in bulk – take it longer!”
Is there a crisis in the yard? So many will want to patch up holes in the budget, returning their monetary debts. And here you can appear on a white horse and with a saber, heading a collection agency that will help knock money out of a negligent debtor. In addition, you can provide services by advising people on how to properly repay debts legally. It turns out that during the crisis you need to organize your activities around debts. This is the right path to success.
The term affordable luxury, of course, is an oxymoron, but in difficult times it deserves attention. When the economy works poorly, people begin to feel that they are deprived of something undeservedly. That is, a rich man who is used to living beautifully and on a grand scale, suddenly discovers that funds for luxurious and expensive toys are no longer enough. Depression, panic, circles under the eyes.
Such people can safely offer “affordable luxury.” Exquisite dishes at an affordable price, inexpensive jewelry and other attributes of a well-fed life. People will buy these kinds of things literally for the last money in order to restore emotional balance and restore a taste for life. An interesting enough idea to think about at your leisure.
After the debts are repaid, business owners begin to pay attention to their financial affairs. Oddly enough, it is accounting firms in the economic crisis that feel quite at ease. Entrepreneurs hire experienced accountants to help them make responsible financial decisions that will help the company stay afloat.
In 2009, a study was conducted that showed that during the crisis, 80% of small business owners felt more confident, knowing that they were accompanied by experienced accountants to help solve all the problems that might be encountered.