The recession hit the economy hard. After all, that’s sort of what it does. When the Lehman Brothers folded in 2008, life as we knew it changed forever and phrases like “credit-crunch” haunted our every steps. HMV, Zavvi, even Woolworths folded, making buying DVDs on the high street nigh-on impossible. But not every industry goes into the red during a recession. Some survive, even flourish during difficult economic times. But which ones? And why?
Tattoo artists, for example, do surprisingly well during the recession. Maybe because they provide a luxury, but a relatively cheap one. Because even in an economic downtime, people want to have a permanent depiction of a Chinese character for courage on their arm to show that they are courageous enough to get a tattoo. And during hard economic times, alcohol and tattoo removal services also thrive to aid the tattoo industry.
A lot of services that flourish during a recession are professions such as restoration and repairs. After all, impulse purchases for things like cars and watches become less frequent, but being able to fix them thrives as an industry because people aren’t looking so much to purchase any more. So restoring items, from antiques to televisions becomes an even more viable business venture as people look to restoration not retail. Business like furniture repair are less affected, while furniture purchase suffer, particularly as people aren’t buying so many houses. Electronic repairs also do just fine, as technology has a tendency to break constantly and people are less likely to purchase the latest technology. Particularly since it’s often hard to find the improvements over last year’s latest electro-rectange.
Another industry that isn’t too damaged during the recession is farming. After all, people are always going to have to eat. But you don’t need me to tell you that. While more luxurious food and culinary companies might run into complications, the basic food produce itself is always going to have to come from somewhere. In the last year raw materials from farms was up over twenty percent, while construction industries have been in decline, including selling lumber and other construction materials. So if you want a job that lets you get your hands dirty, maybe consider picking up a pitch fork rather than a sledge hammer.
Industries that are constantly needed also do just fine during a recession. Funeral services, waste disposing and vets for example, all survive during difficult times because the need is there and they’re not impulse purchases. Unless fixing Rover’s broken leg is something you consider being a bit too decadent. You monster. If you can find an industry that is never going to go out of style, and is constantly required by the public, you should find yourself in a strong position no matter what the economic climate.
Temp work has become a great pursuit during the recession. While a lot of people have been let go, and it is expensive to take on any new staff, there’s still a lot of work businesses need done. Especially paperwork, so you can always consider spreading yourself like professional marmalade across a lot of businesses to solve your recession woes.
Supposedly the recession is over, thanks to changes in a graph that are so small if they were pins they wouldn’t even hurt to tread on. But it’s always important to consider the industries largely unaffected by the recession still as the country finally begins to rid itself of the proverbial shackles of economic downtime and poke its nervous head into what will hopefully be a new golden age of business.