Recession Proof Businesses: 5 Ideas to Consider in Uncertain Times

During an economic downturn, many people fear businesses of all kinds will be swept away. But in truth, there are countless business verticals and business types that can weather a recession, and even sometimes thrive.

Of course, not everyone can do well during uncertain times. Real estate, construction, hospitality, and more can all take a hit.

But there are tons of industries that have made out like bandits during recent recessions. But let’s face it: you’re probably not going to launch a pharma like Regen or a media company like Netflix. So, let’s instead look at small business possibilities that are truly recession-proof.

So, what businesses are recession proof? There are likely too many types of businesses to list here. So, these are just five of the best recession proof business ideas to consider when launching your small business:

1. Essential Services

We all need the products and services we actually need, regardless of economic headwinds. From healthcare and therapy to household products, a recession never simply erases those needs. So, whether you produce toilet paper or deliver groceries, recession or not your job is likely in good hands.

2. Financial Advisors & Accountants

It’s probably not surprising that folks would want an accountant to help balance the books and save money. Creating a more reliable budget when the purse strings are tight is everything.

As a service provider who can truly help clients extend the power of their dollar, you’re invaluable. Accountants and accounting SBOs are smart to keep the light on during tough times.

3. Child Services

As many parents felt during the last recession, balancing the pressures of their jobs and childcare can often be too much. This is why so many working parents have come to rely on professional childcare as an extension of their home.

Whether you run a nanny operation for just a single child or manage a full-blown daycare, it’s no different. Thanks to their high demand, childcare SBOs likely see consistent returns despite the market.

4. eCommerce

Selling goods online never really takes a hit during tough times. And while you’d think this would run counter to logic, as many goods sold online are inessential, customer data doesn’t lie. U.S. Census data shows that eCommerce sales grew by 43% during the pandemic alone.

Call it retail therapy or call it whatever you will. Either way, eCommerce seems an unshakable pillar during tough economic times.

5. Pet Products and Services

Our fur babies are members of our family. As such, myriad pet owners like to ensure the very best for their furred, feathered, or finned little friends.

It’s also worth looking at our most recent pandemic to see this in action. Pet adoptions and pet purchases anecdotally skyrocketed during that time. It would seem that in hard times, we love to surround ourselves with love. And those who run reliable and inviting pet care operations are there to support them all along the way.

Small business owners who are looking to launch a truly recession-proof small business are smart to consider franchising with Woof Gang Bakery. We are a nationwide network of owner-operated pet care boutiques. And we have seen tremendous results with our independent franchisers, both during and after recessions.

Ready to start your Woof Gang Bakery franchising journey? Join us and launch the best recession proof business you can!