With global recession looking more and more likely, many businesses are battening down the hatches and hoping to weather the storm. But for agile entrepreneurs with an appetite for innovation, now could be the perfect time to start a business of your own. So if you’ve been thinking about what your life will look like after lockdown, don’t rule out becoming your own boss…
what! anyone can be a boss,yes.
What are the best small businesses to start in a recession?
There is a definite trend in the types of businesses that are starting and thriving right now – albeit in a pandemic, not a recession (yet). They all demonstrate the need to ‘read the room’ and understand what potential customers need.
Best businesses to start during Coronavirus
Deliverable gifts and luxuries
Individuals and businesses offering specialist services are also thriving, for example accountants and communication technologists.
The beauty of these businesses is that there’s no reason they shouldn’t continue to be successful after the pandemic is over. Whilst some elements of life will return to normal, businesses that meet and exceed customer needs now can look forward to ongoing success.
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