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Recession/Trend proof business?

Discussion in 'Small Business' started by TMNT, 16th Feb, 2016.

  1. TMNT

    TMNT Well-Known Member

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    ok, so a few discussions about business, since this is the business section

    I posted up a thread about aust post franchises, and it taught me the trend away from tradtional postage

    so assuming sales price, profits are all legitimate

    what are some businesses that arent going to decline shortly,

    Note; the business doesnt need to have any potential future growth or boom,

    lets say you are looking for a business that will be profitng/turning over the same in years to come

    there seems to be a lot of talk about business that arent going to be around in years to come or are in decline

    so what are some ones that will be around?
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    • The oldest profession
    • Plumbers/Sparkys
    • IT Support
    • Cleaners
     
  3. WattleIdo

    WattleIdo renovating Premium Member

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    handy-man
     
  4. D.T.

    D.T. Adelaide Property Manager Business Member

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    Funerals, retirement homes, real estate agents.

    No matter where the economy is at, people will still get old and move.
     
  5. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Healthcare professional/consultant.

    Work as many or as little hours you want. In as many or as few locations as you choose. Control your income. Choose days to work where rates are double or more. Recession proof on its worst day.
     
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  6. JacM

    JacM VIC Buyer's Agent Business Member

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    Lawn-mowing (as long as people have lawns, they will continue to grow).

    Accounting (since I don't see the government suddenly deciding they don't want to tax the people any more).

    Roof repairs (thanks to all the storm activity we seem to have now).

    Air-conditioning installers and maintenance folk (thanks to the boiling summers we are now all enjoying. In VIC the humidity is such that you'd think you are in tropical QLD some days!)
     
  7. York

    York Finance Broker Business Member

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    Fast food. The good ones will always do well even in economic downturn. People gotta eat. It's just so convenient these days with the busy lifestyles. Not much price difference generally from cooking yourself. Plus it saves all the cleaning up afterwards.
     
  8. vbplease

    vbplease Well-Known Member

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    Demand for aged care resources is still on the rise I think.
    Baby stuff
    Pet stuff

    It amazes me how much mothers will spend on their babies.. People can be overly precious about their pets as well.
     
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  9. 2FAST4U

    2FAST4U Well-Known Member

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    I’m not sure about pets. The RSPCA have been saying that people in Adelaide’s lower socio-economic suburbs (i.e. Morphett Vale) have been abandoning their pets due to cost of living pressures.
     
  10. Chilliblue

    Chilliblue Well-Known Member

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    My list in no order

    - healthcare and ancillary
    - anti ageing
    - funeral and death related businesses
    - BS artists
     
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  11. Joshwaaaa

    Joshwaaaa Well-Known Member

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    hair dresser
     
  12. Pursefattener

    Pursefattener Well-Known Member

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    With a surging world population people need to eat don't they ?

    Demand for quality food products , especially out of Asia with recent FTAs should be strong for a good long while .

    If you are shrewd enough , buy some quality farmland , change its use , add value , manage it well and leverage it .
     
  13. Depreciator

    Depreciator Moderator Staff Member

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  14. Santaslayer

    Santaslayer Well-Known Member

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    Eggs - people need them in everything!
     
  15. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    I was going to mention these kind of businesses would be recession proof.

    This quote stood out:

    Tough job.

    Guess they have to make sure they'll be provided what they are offered.
     
  16. geoffw

    geoffw Moderator Staff Member

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    Even so times are becoming tougher for some.

    There's online competition for the oldest profession.

    A lot of IT support has been outsourced overseas. There has been some backlash against non Australian accents- so there has even been outsourcing to New Zealand, which is still cheaper than Australia.

    Also mentioned.

    Accounting. Can also be outsourced; there's talk also of following the UK model, where a certain amount of deductions are allowed by default, and two thirds of people don't need to file returns.

    Fast food. Yes it's required. But there's a lot of competition out there. The big boys are doing it tough.
     
  17. Perthguy

    Perthguy Well-Known Member

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    hardware
    office supplies
    consumer electronics
     
  18. Chilliblue

    Chilliblue Well-Known Member

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    Sounds like Westfarmers have some life left then
     
  19. Perthguy

    Perthguy Well-Known Member

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    Not if their expansion of Bunnings into the UK ends up like the "Masters" experiment did for woolies ;)
     
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  20. moyjos

    moyjos Well-Known Member

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    Florist.

    My bestie is a florist (for the last 30 years or so) it seems that when times are tough she gets busier. If the little wifey is feeling bad, she gets flowers if times are tough or a dinner out when times are better.

    Even in the midst of the GFC fresh flowers was one "luxury" that ladies could still afford.

    Births, deaths and marriages still provide lots of business :)
     
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