Recession Proof Business!

Logic tells us that nothing is 100% recession proof, however with some types of businesses you may be able to reduce your risk to such a small amount, it is virtually recession proof. Most likely the best type of business to own would be a network marketing business or selling a product that the public can't do without. Examples of this would be food, clothing, gasoline and cellphones just to name of few. Now, some things we can cut back on or budget but we can't eliminate or part with some of the things that would dramatically change our lifestyle. We get accustomed to certain things and find it difficult to part with them.

Owning your own business and having freedom from punching a clock and long commutes is the "American Dream" but finding the right business isn't always easy. Some require huge investments to start and can be very risky and many start up businesses are doomed to fail before they ever make the owner a fair living.

A diversified product and/or service type business can help avoid loss of business during tough times. If you have what people need and want you should always be able to keep a majority of your loyal customers. Even during hard economic times, people with continue to pay for the things they feel they absolutely need.

To start your business without too much financial risk, it is best to find company with a sound business model and a low initial start up cost. If you invest your savings or 401K to start a business, you could put your retirement security at risk.