Is your home based business recession proof?
Is your home based business recession proof, or close to it.
I talked with a gentleman who ran a business of renting high end sports cars. His business is already being hit by the recession.
Are the products or services that you are selling in your home based business going to remain strong through a recession.
As I think about this, the thing that I notices is that I use just as much toilet paper if if I have a flush bank account, or if I don't. With travel, if my bank account is empty, then I will travel less.
So my advice today is to think about you home based business, are the products or services that you sell going to remain strong during a recession?
Here are some examples....
Energy drink - weak if cash is short.
Phone service - remains strong even when cash is short.
Travel / Vacations - if cash is short, people travel less.
What products or services to you sell, and do you think that they will remain strong in a recession.
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