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Youth Village Kenya > Blog > Business > 7 Businesses That Do Not Bleed Even When Economy’s Main Vein Is Cut
Business

7 Businesses That Do Not Bleed Even When Economy’s Main Vein Is Cut

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Last updated: 2023/10/25 at 6:09 PM
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If you have money stored away and do not know where to invest it, the following could be very good options not to lose it, nor fail in the attempt.

https://i.onthe.io/0fgjhs34udt6t4ndbg.a1b761f2.jpg

In fact, what is most difficult for entrepreneurs is to “risk” and above all to think about the financial issues that may lead to bankruptcy, the frustration of not finding the profits they hoped for is complex and even more so when we want them The results are given overnight, reviews the magazine Personal Finance.

For this reason and to give you a little more certainty and security in that step that will definitely change your life, we emphasize that you can invest in times of crisis. They are opportunities for constant consumption that in changing situations of “skinny cows” and national or global uncertainty promise good income.

The proposal to increase your profits in times of crisis range from the sale of cosmetics to the sale of sweets and desserts, since they are items that people find it difficult to take off.

Here are the 7 proposals in which you can invest your money:

1. Alcohol: Most beer or wine can withstand crisis moments. The more expensive drinks tend to suffer, but the average price spirits are maintained. People do not leave a true habit just the bad situation. They simply adapt, if they really like, they will still watch soccer with a cold beer

2. Cosmetics: Getting into the beauty industry is much easier than that of alcohol. When the situation gets difficult, make-up and move forward can encourage many people. Whatever the reason, cosmetics withstand recessions well. If you are interested you can do it as a distributor or as a seller either door-to-door or Internet-make-up products
3. Movie Rooms: It is difficult to compete with the big chains as they have the rights to the most important releases, but why not consider a room specializing in independent films that take advantage of the tendency to combine movies with dinners?

4. Healthcare: This industry is difficult, but for example, the ‘Baby Boomers’ generation is close to retirement and can be a growing market, a good niche. So I looked for fresh ideas, but that they accepted the health norms of their country.

5. Sweets and desserts: It is very difficult for people to take off from what they like, so this is a good choice. A few years ago, when the United States was in sharp economic slowdown and the cupcack fashion was established strongly. So get to work and flow creativity.

6. Funeral services: Funeral services are requested, even in the worst financial moments. So come the worst economic crisis there are two things safe: death and taxes.

7. Tax Services: Good accountants know how to handle difficult circumstances. In these times, people seek to conserve as much weight as they can, so that circumstances lend themselves to offer tax advisory services.

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TAGGED: Business, economy, entreprenuer, Kenya

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Editor October 25, 2023 March 15, 2017
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