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What's the best business to own during a recession?

 
 
Reply Sun 21 Dec, 2008 04:18 pm
Laundromat? Grocery Store? Funeral Home? Dildo Manufacturer?
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Type: Question • Score: 12 • Views: 5,269 • Replies: 24
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Reyn
 
  1  
Reply Sun 21 Dec, 2008 04:19 pm
@kickycan,
Cheap beer for sale?
0 Replies
 
Bi-Polar Bear
 
  1  
Reply Sun 21 Dec, 2008 04:21 pm
repo
chai2
 
  1  
Reply Sun 21 Dec, 2008 04:42 pm
Seriously, the best one on your list kicky is funeral home.

Pick a business that everyone has to use eventually.Well, almost everyone uses grocery stores, but their profit margin is way low.

I work for a dialysis corporation. The former property manager of the business complex I work in was a total jerk.

One day he stopped in and asked me "So, how's business?"

"Well," I said, "As long as no one developes a cure for kidney failure, we're set."

I'd think making porno movies would be recession proof too.
0 Replies
 
Thomas
 
  1  
Reply Sun 21 Dec, 2008 04:47 pm
@kickycan,
Pawn shop? Loan sharkery?
squinney
 
  1  
Reply Sun 21 Dec, 2008 04:56 pm
Plumber. I mean, no matter how much you do or don't have in your pocket, you don't want a backed up toilet in your house.
0 Replies
 
Green Witch
 
  1  
Reply Sun 21 Dec, 2008 05:04 pm
@Bi-Polar Bear,
Quote:
repo


Sad, but true. I know someone who does this and he recently told me he couldn't keep up with the demand. He was thinking of leasing another tow truck and hiring an extra work.
0 Replies
 
chai2
 
  1  
Reply Sun 21 Dec, 2008 05:07 pm
@Thomas,
Pawn shop is an excellent idea!

Factoid....do you know where the most profitable pawn shop in the U.S. is?




Beverly Hills.
0 Replies
 
shewolfnm
 
  1  
Reply Sun 21 Dec, 2008 05:32 pm
how... odd.

Just earlier today I was looking at what it would take to run a towing/repo business thinking the exact same thing.. What would survive a recession.

dang it
Green Witch
 
  1  
Reply Sun 21 Dec, 2008 05:54 pm
@shewolfnm,
It takes a tough person to be a repo guy. My friend was once a Marine, trained as a locksmith, worked in private security and wears a bullet proof vest when he does his repro work. It also helps if you have a tough heart. He's told me some very sad stories of people who threw themselves at him while crying that without their vehicle they wouldn't be able to work, feed their family or keep a roof over their heads. He's often had to repo cars containing baby seats and toys. He does most of his work from midnight to 4AM.
0 Replies
 
Foofie
 
  1  
Reply Sun 21 Dec, 2008 07:34 pm
Just my opinion, and I am sure it is not "the best business to own"; however, considering that many people are getting down-sized during a recession, a consulting firm, that is hired by down-sizing corporations, that assists down-sized employees in writing resumes, giving job hunting tips/skills, etc.
roger
 
  1  
Reply Sun 21 Dec, 2008 07:38 pm
@Foofie,
Yeah, scams that take advantage of those least able to afford them will abound.
Fountofwisdom
 
  1  
Reply Sun 21 Dec, 2008 07:38 pm
Actually: historically films,theatre and music do well: and mining. Recessions lead to war so arms might be a good idea: funeral business also do well
Foofie
 
  1  
Reply Sun 21 Dec, 2008 07:46 pm
@roger,
roger wrote:

Yeah, scams that take advantage of those least able to afford them will abound.


Read what I wrote. I stated the consulting firm is hired by the organization that is down-sizing. The service is not paid for by the down-sized employees, but the organization that is doing the down-sizing. This is a real type of consulting. Organizations hire this service to make the transition to a new job less problematic for down-sized employees.
CalamityJane
 
  1  
Reply Sun 21 Dec, 2008 07:57 pm
@Foofie,
Of course, if they're down-sizing and terminating employees, then they will
hire a consulting firm to aid these terminated employees. If you ever had
worked in corporate America, Foofie, you'd never come up with such a
suggestion!
Foofie
 
  1  
Reply Sun 21 Dec, 2008 08:11 pm
@CalamityJane,
CalamityJane wrote:

Of course, if they're down-sizing and terminating employees, then they will
hire a consulting firm to aid these terminated employees. If you ever had
worked in corporate America, Foofie, you'd never come up with such a
suggestion!


Are you assuming that all organizations offer this perquisite for departing employees? I would guess not. But, if I am wrong, and you are correct, so be it. <Foofie bows in deference>
0 Replies
 
Mr Stillwater
 
  1  
Reply Mon 22 Dec, 2008 01:23 am
Factoring. That's were you 'buy' the debt of some corporation that has some cash-flow problems. You can then arrange to collect the moneys owed by the 'clients', you can also break their legs and sell their children into servitude. I predict that it will become a big growth industry - I'd say Halliburton will probably branch out into this one.
Reyn
 
  0  
Reply Mon 22 Dec, 2008 10:15 pm
@Fountofwisdom,
Fountofwisdom wrote:

Actually: historically films,theatre and music do well

Have you not seen the cost of a movie ticket these days?
0 Replies
 
roger
 
  1  
Reply Tue 23 Dec, 2008 01:02 am
@Mr Stillwater,
That's cool. If all collection efforts fail, in the USA, at least, you can return it for full refund. The risk is that the original debt holder might not be there. Got to qualify your accounts.
0 Replies
 
shewolfnm
 
  1  
Reply Tue 23 Dec, 2008 08:11 am
my other idea besides a repo person, would be someone in the medical field.
A doctor will always have work
A nurse will always be needed
A surgeon will always have practice..

You pay may go down a bit because people might be choosing to stay at home for that cough, but people always need medicine. And even if they can not pay all the time, those who carry insurance will be bringing in a little income for you .
0 Replies
 
 

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