Lack of secure positions and a dearth of openings in high-paying careers — especially for displaced workers over 50 — have driven many to turn to entrepreneurship as a means of fulfilling their American dream. However, the effects of the Great Recession and the long, slow recovery period has created an uncertainty about the future that has many entrepreneurs hesitant about the viability of their startups and their ability to sustain risk.
Start the Countdown Surprisingly, tattoo parlors do well whether or not a recession is going on. See more pictures about the recession. The global financial meltdown triggered the longest recession since World War II and created the most toxic business conditions since the Great Depression [source: Unemployment soared to 10 percent in January as companies closed doors or cut costs to ride out the rough times [source: During recessions, job security becomes the number one priority as workers flock toward so-called recession-proof businesses.
Recession-proof businesses are traditionally defined as industries that either thrive during rotten economic times or at least survive unscathed.
The global financial crisis ofhowever, rewrote the rules about recessions. The best that employees can hope for is a recession-resistant business, meaning one with a better chance than most of riding out a recession [source: So what might those be?
Here are some examples, in no particular order, starting with three items that are guaranteed to make you feel better.7 Stocks That Soar in a Recession. Searching for stocks to buy in a recession?
These seven companies thrived despite 's market meltdown. The percentage of units accounted for by private labels varies widely by category. To some degree, the variation is a function of time—private-label canned foods, for example, have been on the.
NFIB is America's leading small business association, promoting and protecting the right of our members to own, operate, and grow their business. Use these tips.
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Many economists are now saying that there's no longer such a thing as a recession-proof business.
The best that employees can hope for is a recession-resistant business, meaning one with a better chance than most of riding out a recession [source: Chase]. In the U.S. they are ‘not in a recession’ according to the U.S.
Commerce Department (April 30 th), in an ‘awfully pale recession’ according to Alan Greenspan (May 5 th) and in a ‘recession’ as Warren Buffett defines it (May 5 th).