Recession Proof Business Opportunities, Top 3 Small Business Ideas

Have you noticed how much you hear the "R" word lately? There is certainly no shortage of news reports on negative financial news out there. As the threat of a U.S. recession continue to grow, you must ask yourself a question:

"Do you struggle through a recession or will you thrive in it?"

There are several products and services that do well in recessionary times. Even as people cut back on spending and frivolous items, there will still be some products and services that will do well in recessionary times. In fact some will actually thrive in a recession.

- Online businesses

Online businesses are simple and cheap to boot and can be very lucrative if done right. An estimated U.S. online spending will rise 17% in 2008. This double digit growth expected to continue for many years as consumers become increasingly comfortable buying online and enjoy the amenities and cost savings of not driving to the mall. Almost all aspects of starting an online business can be outsourced, and with almost no overhead, profits tend to be much higher than a high risk store.

- Credit and Debt Management

As more American's lose their jobs to downsizing and losing their homes to foreclosures, credit ratings and debt is directly affected. Marketing these services is ideal, but does it actually credit repair or debt collections / negotiations can be quite difficult. By finding the right business models in these industries can get a product of high demand.

- Healthcare

Despite a lagging economy, people will continue to need healthcare. As the baby boomer generation continues to age, so in need of services in this industry. By finding a profitable niche in this industry, you are guaranteed to see an increased demand over the next 30 years.

There are many opportunities for entrepreneurs during a recession, and we have just touched on what to look for. The secret to your success is to "find the right business model" to explore.

You might as well start a new business in any of the three above categories and be dragged down by a company that requires all of your time, no profit margins necessary or have high start up costs and high risks.

Do not make the mistake of starting with a flawed business. Play special attention to the type of business model you get into when you look at the three branches.