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Subject:
Best small business for economic downturn
Category: Business and Money > Small Businesses Asked by: onyd-ga List Price: $10.00 |
Posted:
19 Nov 2002 20:50 PST
Expires: 19 Dec 2002 20:50 PST Question ID: 111059 |
Hi, my question is during a slow economy mostly in small towns less than 10,000 pop. provide a list of 10 small business to start that have a greater chance to prosper than most , just looking for a valid opinion of what might work with a startup cost of 50,000.00 or less am located in the midwest if that helps you | |
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Subject:
Re: Best small business for economic downturn
Answered By: easterangel-ga on 21 Nov 2002 16:54 PST Rated: ![]() |
Hi! Thanks for the question and thanks for accepting my answer. The Bizstats website publishes the Biz Miner data on the safest small business in the US for 2002 our age of economic downturn. The report is important since it also provides statistics on the percentages of number of establishments, which has profits, and the number with losses in each type of business. We may not agree with some of the business types but what matters most is that this is backed-up by data. Here is the report and a glimpse of the top 20 on the list. I suggest you read the whole report. 1. Surveying & mapping (except geophysical) services 2. Optometrists 3. Dentists 4. Certified public accountants 5. School and charter bus drivers 6. Special trade contractors 7. Mental health practitioners and social therapists 8. Physicians (except mental health specialists) 9. Taxi and limousine service 10. Residential building construction 11. Medical and diagnostic lab services 12. Architectural services 13. Land subdivision & land development 14. Child day care services 15. Legal services 16. Administrative and support services 17. Home health care services 18. Physicians - mental health specialist 19. Educational 20. General freight trucking, The Safest & Riskiest Small Businesses 2002 http://www.bizstats.com/sprisk2.htm I am really flattered that you still ask for my own assessment. In my own humble opinion, I have here a top 10 of the safest business in an economic downturn taken from my own experience of observation, talking to colleagues and reading professional reports and books. 1. Pest Control Service Everybody has bug control problems. 2. Funeral Services Since somebody always dies. 3. Dental Clinics Everyone has a problem with the tooth every now and then. 4. Plumbing Services 5. Retail childrens clothing 6. Child day care services 7. Physician Clinic 8. Accounting service 9. Web design services since everybody wants a website 10. Laundry service Search strategy used: Searched the Bizstats website for necessary statistics I hope these links and lists would help you in your research and in your decision. Before rating this answer, please ask for a clarification if you have a question or if you would need further information. Thanks for visiting us. Regards, Easterangel-ga | |
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onyd-ga
rated this answer:![]() thanks #1 i,m happy with a quick and good answer #2 he did what i ask about his input no expierence or not sometimes a outside look is good #3 gives me a thought or 2 and a idea or 2 about more research on my own. thanks as i said i am mostly very impressed thanks again, and be good if u cant be good at it |
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Subject:
Re: Best small business for economic downturn
From: ericynot-ga on 21 Nov 2002 18:54 PST |
Back in the 80's, things in my part of the economic world went seriously wrong (oil and real estate in Texas crashed, taking many businesses down with them), especially if you were in my line of work which, at the time, was selling fine art. I had lots of time, in between scarce customers, to consider what business I should have chosen to have avoided my financial plight. I wished on more than one occasion I had chosen to sell something that people HAVE to buy, no matter what the economy. Many of those types of businesses have already been named by easterangel-ga. But... Somewhere on the list, it seems to me, ought to be businesses having to do with personal transportation, i.e. cars and light trucks. No matter how bad the economy or what size the town, if your car breaks down, you're going to be hiring a mechanic, and when your tires are shot, you WILL be visiting a tire store. Just an extra bite to chew on. Best of luck. |
Subject:
Re: Best small business for economic downturn
From: onyd-ga on 21 Nov 2002 19:38 PST |
thanks for the comment i am with you on the have to have things |
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