Obviously, with car manufacturers and other top echelon businesses bankrupt, the trend will quickly follow downstrem to include office supply stores, all but a few restaurants, and most else headed for bankruptcy, indeed what type of business WOULD succeed in a US and global depression?
Businesses that provide the basic services people literally can’t live without:
food
water
utilities
We aren’t in a global depression. The US economy is still growing, just slower than we’ve seen in a while. A depression is shrinking economy, eg. unemployment rates jumping 5 and 10 percent, manufacturing declining, etc. These sectors are still growing due to war spending for manufactured goods, etc.
But besides that, a great niche is the flip side of the declining realestate and banking markets. The companies that are profiting from the cheap real estate and loans. Collections agencies, being a landlord, banks that specialize in bailing our mortgage brokers by buying their loans at deep discounts and turning a profit by restructuring or foreclosing and ditching the property. There are always jobs for good technical resources as well. Look on Salary.com, monster.com, and careerbuilder.com for hot job articles and lots of listings in a certain area.
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Businesses that provide the basic services people literally can’t live without:
food
water
utilities
References :
Think bare bone basics. Food, water, shelter. Or you can go with items that help people save money. For example you can teach others or install items to collect rain water to save on water bills. Or sell better furnaces to lower heating bills. You could get a few acres of land and start an organic farm. You could market solar paint or such items to lower peoples electric bills. You could teach and set up small windmills to create electric along with pumping water from a well. Items along those lines.
Being that I am a business owner in automotive, and I easily see the decline in sales and customers. I have been thinking myself on what new path I might take.
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Those businesses that have been for around for a long, long time already and have previously survived the world wars and depression of the 1930s and even prior to the world wars. Mostly, you have to look at those items people ALWAYS have to buy or don’t want to do without out…..and there is your depression proof business. Things like liquor, cigarettes, food, dog & cat food, medicine, soap, laundry care products, lotions, etc. etc. All your basic products like that. People cook more at home during a depression and they buy more spices, oils, etc. to cook with. People plant gardens. They cut back on unnecessary services to save money–they clean their own home rather than having a maid do it, they mow their own lawn rather than having a lawn care service. The service industries can really take a hit. Hope I’ve helped!
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