Recession-proof businesses

Recessions are simply a normal part of the economic cycle. Think about it - you cannot have growth that is permanent and unlimited. There comes a point where the economy makes an "adjustment," for lack of a better word. That is simply the nature of economics.

However, there are numerous recession-proof businesses. If fact, there are businesses that thrive during recessions:

Any business that helps collect on bad debts is a business that thrives in a recession. Bill collectors, car repossessors, etc. - they all have a booming business when the economy takes a nose dive.

Debt consolidation companies are also really big during a recession - people are trying to find a way to pay their bills and not declare bankruptcy, so they are more than willing to try anything to keep that from happening.

Bankruptcy lawyers also make out well during hard economic times.

But what about the average person? How can someone have a recession-proof business without creating a huge corporation or investing a lot in startup costs?

Simple: start a business from home.

If you start a home-based business, you can profit more quickly because you have less overhead. You can work your own hours. You can create multiple streams of income.

And that is truly a recession-proof business.