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Recessions are inevitable. If you’re a small business owner, it’s important to plan for them accordingly. One way to do so is to choose a recession-resistant business idea. Here’s why ...
During a recession, consumers and businesses have to get creative to get what they need at the best price. This can mean paying less for goods and services or getting just what they need and no more.
The best small business ideas that are cheap to start require little or no training because you already have expertise in the field or industry. Online businesses are typically the most affordable ...
Professional and Business Services. 2007 unemployment rate: 4.8%. Peak unemployment rate during Great Recession: 12.4%. Change of unemployment rate during Great Recession: 158.33%. May 2022 ...
Two years ago, many industries struggled because of the COVID-19 pandemic, with retail, restaurant, travel and leisure sectors, in particular, hit hard as millions of Americans were laid off and ...
Some have argued that the recent lack of job creation in the United States is due to increased industrial consolidation and growth of monopoly or oligopoly power. [6] The argument is twofold: firstly, small businesses create most American jobs, and secondly, small businesses have more difficulty starting and growing in the face of entrenched existing businesses (compare infant industry ...
Here’s a look at some recession-proof options, as well as some ideas for what may outperform nearer to the end of the recession.
With many signs indicating the United States economy has entered into a technical recession, small-business owners must take swift action to make their companies recession resilient. Follow these...