What is a good business to have during a depression?
2006-09-22 06:00:40 · 14 answers · asked by Key Key 2 in Business & Finance ➔ Small Business
rental property......[my relatives bought houses back when the big depression came] and they survived at that time, and when the depression was over, they did very well, a good investment at any time
2006-09-22 06:44:30 · answer #1 · answered by churchonthewayseniors 6 · 0⤊ 0⤋
You Need to Be Positioned In The Most Exciting And Profitable Industries In The World!
2006-09-22 13:04:08 · answer #2 · answered by s_uperdave 3 · 0⤊ 1⤋
You want to be selling a product or service which is less vulnerable to spending patterns.
For example, selling luxury items or services in a down economy is challenging. Think of your own finances - what would you try to do without if you were needing to cut back?
Other things, such as food, gasoline, clothing (functional and practical over designer) will continue to sell.
2006-09-22 13:07:20 · answer #3 · answered by Jon T. 4 · 0⤊ 0⤋
Gas station
Food Market
Two that would work in a depression.
However since a depression will not happen anytime soon ....will there sum answers for you.
2006-09-22 13:06:01 · answer #4 · answered by ♦GAY INDIAN♦ 2 · 0⤊ 0⤋
I think food hawkering is the best since every body needs to eat. In a depression it is unlikely that you visit restaurants for your meals. I am having this assumption that you live in a city.
In a depression, chances are that people will default paying premiums for their insurance.
2006-09-22 14:01:29 · answer #5 · answered by JP E 4 · 0⤊ 0⤋
Repossession...
I remember in the movie "Roger and Me" the only person Moore talked to in Flint who had steady work was the guy who threw people out of their homes.
2006-09-22 13:08:55 · answer #6 · answered by Wundt 7 · 0⤊ 0⤋
A prozac business.
2006-09-22 13:05:29 · answer #7 · answered by jarynth2 2 · 0⤊ 0⤋
Discount burial services.
2006-09-22 14:37:03 · answer #8 · answered by svikm 3 · 0⤊ 0⤋
Life insurance. Very basic, no-frills, the kind that pays for funeral when the insured dies.
2006-09-22 13:40:02 · answer #9 · answered by NC 7 · 0⤊ 0⤋
Insurance, or other things people deem necessities.
2006-09-22 13:02:35 · answer #10 · answered by Anonymous · 0⤊ 0⤋