Recession Proof Home Based Business?

We're hearing a lot of negative economic talk coming out of the news these days. Recession and inflation are two common buzz words. How do you guard against the effects of a lingering recession? Is there actually any such thing as a recession proof home based business? I think nearly every business is going to feel the pinch of economic pressures. But I like the term "recession resistant" better.

There are businesses that fare better than others during economic downtimes. These would be businesses that sell necessary products or services. In terms of a home based business, one thing to be considered is the relative necessity of the product or service. Another thing to consider is residual income.

When you look at starting a home based business, how necessary is the product or service you will be selling?  If you deal in a necessary item or service, you can weather the storm of bad economic times far better than most. In addition, there is often a residual component to home based businesses. Residual income continuing to stream in from past customers can really help out during these times. Recession proof? Maybe not, but definitely recession resistant.