Recession may have encouraged people to think more before jumping into business but it has not been successful in completely obliterating interest in putting up businesses. It would appear that there will always be people who will try to put up businesses in spite of hard times. This is just as well since there is more danger when humans totally give up on finding a way to make an honest living. However, these enterprising people should not plunge blindly and consider opting for businesses that can withstand bad economic times.
These businesses are often called recession-proof business; simply meaning that these businesses have the ability of surviving the most difficult economic conditions. There are even businesses that actually thrive on difficult times. Employed people should consider being part of these industries as well to protect themselves from lay-off.
The candy business can easily be dismissed by many as a minor industry. Many people will be surprised to know that the candy industry was able to register one of the highest profit margins during recession. It seems that weary people turn to sweets for comfort. Believe it or not, luxury items such as signature bags and shoes continue to enjoy high sales even during recession specifically those that cater to the ultra-rich. This would mean the group of people that are not affected by hard times.
Businesses catering to vices seem to enjoy continued patronage as well probably to some escape mechanism that many people resort to. Thrift stores also enjoy brisk business during difficult economic times and still continue to do since most would have learned the hard way that there is much sense in saving money. Recession proof jobs are found in government, utility services, education, healthcare, and information technology.