Many are wondering if now is the right time to start a business. Well, if you’re in the right industry it is!
Although all businesses are at risk for failure, some of the most important things to keep a business lasting are hard work, knowing your customers, creating brand awareness, and a little bit of timing! While Covid-19 has put a damper on many businesses, it hasn’t stopped them all. If you have the “downtime” due to layoffs and other out-of-your-control issues, now’s the time to put in the hard work to start the business you’ve always wanted.
Here are a few of the industries that will last long after our world is “back to normal”:
Health & Senior Services – These essential services are still very much in need. With health at the forefront of everyone’s mind right now, it’s the perfect opportunity to offer your expertise. Also, the population of seniors is expected to reach 1/5 of the overall population by 2050. Most of these seniors need personal care and assisted living services.
Cleaning Services – With the shelter in place, more people are spending time at home. However, more of these people are also WORKING from home. Which means they have even less time to clean. Offering a quality cleaning service during these times is a smart move.
Insurance –These times have shown that you cannot predict the future. Life insurance and business insurance are some of the items that people are wishing they had implemented before the crisis hit. Now’s a great time to offer your services because the future is at the forefront of everyone’s mind.
Consumer Staples – Consumers still have a list of “essential” items like hygiene products and household goods that they just can’t live without. People are much more apt to substituting their “usual” brand right now. Which means there’s even more of an open market! Bonus points if it’s safe for the environment and not filled with chemicals!
Service & Repair – If you have the knowledge to service and repair technology, now is the perfect time to start up a business! People want to fix what they have instead of buying new. In times of recession or economic hardships, this is a great business to have.
Starting a business is not for the faint of heart. But with the right tools, the right partnerships, and the right timing, you could create something wonderful! Here at Volt Studios, we’ve helped businesses go from simply an idea to a fully functioning, money-making machine! We are highly experienced in business development, branding, and marketing so that you can get your business off on the right foot. Contact us today to learn more about how we can help you start a “Recession-Proof” business today!
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Let’s talk! Contact the Volt Studios Team to set up a quick call about what we can do to help you start a Recession-Proof business. We’ll help you discover your passion, set goals, and learn the steps to creating the business you’ve always dreamed of.