Browsing Tag

recession

9 posts
side hustles
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6 Recession-Proof Side Hustles You Can Start Today to Bring in Extra Cash

With all of the economic changes underway, you’ve probably been experiencing plenty of uncertainty recently. However, there’s still hope for aspiring entrepreneurs, as the side hustle scene is alive and well. In fact, it’s thriving! If you’re interested in testing the entrepreneurial waters, consider the following recession-proof side hustles that you can start today: Become...
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Why Recessions Are a Good Time to Start a Side Hustle

The truth is, recessions happen, and they happen often. Since 1900, the U.S. economy has averaged one recession about every four years. They’re not so regular as to be predictable and they cause real economic damage, but they don’t halt business and entrepreneurship entirely. In fact, according to a 2009 study by Dane Stangler for...
recession
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The Benefits of Starting a Business During a Recession

At the time of writing this, the world is in the midst of a global recession. Induced by a pandemic and unprecedented state responses, it is even worse than the last international period of economic decline witnessed in 2008. Many who have toyed with the idea of starting their own business pre-pandemic have put their...
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Keep Navigating Through the Rapids: 5 Tips for Surviving a Recession

To say that we’re in a trying time for business owners, big and small, would be an understatement. But don't lose hope. With patience and resolve, you and your business can still come out of this headstrong. Take it from me, a veteran rafting guide and founder of Blue Ridge Chair Works, a made-in-the-U.S. furniture...
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More encouraging signs – consumer confidence soars, says study

You may recall my post, The beginning of the end … of the bad economy, last month. Based on the April Consumer Confidence Index, things appeared to have turned the corner and people's confidence seemed to start to return. Good news. The positive turn in consumer outlook appears to now be a positive trend in...
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Costco Magazine “Recession Busters” Article

They edited my article down a bit and ran it in their January Costco Connections Magazine. Thought you might enjoy it without the edits... Buck the Recession Recession. What recession?! Or so goes the attitude of some business owners in this tough economy. Take heart – they’re among a substantial number of businesses that are...
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Retail Sales up 7.2% from Last Year, But Is Anyone Making Money?

The National Retail Federation announced holiday sales are up 7.2% from last year.  While these numbers are encouraging, here’s the real question: “Is Anyone Making Money?” As the dark cloud of Recession looms over the economy, retailers are showing their desperation as they drastically slash prices to compete for consumer dollars.  The end result is...
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Turn Recession Woes into “Wows”

Economists and the media may debate whether we are in a true “recession” or not, but that doesn’t change the fact that sales are down and consumers are pulling back.  I’m certainly not excited about this, but I’m not traumatized either.  The economy is full of ups and downs and we obviously can’t have the...