Recession Proof Businesses

One very good recession proof business is the used parts business. This business is a money maker in good times or bad times. Reclaiming parts of lots of things, and of course parts from used autos is big business; however it can start small. Believe it or not, if you are selective you could start it in your garage, or an available out building. Expand your thinking into used things in all categories, rare hard to find things. Once people find out that you buy and sell such things, they will ring your doorbell. People all around the world are successful at selling used parts on E-bay. This could be a beginning of your work at home job. A man from a mid-western town in the US was a millionaire from the junk yard business. He looked like the town pauper and you would never realize what he was worth. It seemed that everybody in town knew him.

That old proverb can come into play, where there is a will there's a way. Keep that in mind when attempting anything new. One thing you don't know is that you can't do it. Get rid of that notion that you can't do it, replace it with I can do that. The idea of I can't do it is a road block that stops many from accomplishing their goals. If you can't do it by yourself, get some help or if you have anybody that you can delegate to, problem solved. Since you are the boss of your work at home business, you have to do it even if it's delegating it to someone.

When in business as in life you will experience growing pains. Growing pains can be cause for increase or it can be cause for stifling your business. Extreme care must be taken at this point because in the past many people thought oh great, let's add on and not giving it much thought to the added overhead. Keep in mind when building a business, add assets not liabilities. It is just to easy to add more liabilities and find your assets eaten away and oh my, you're out of business. Extreme care must be exercised before making such changes in your home based business. As soon as you can you should build up a bank of assets just to cover such adventures just to bail you out if needed. This all takes time and planning and it's well worth doing. Remember, live below your means and this applies to your business. After being established, operate below your means. If you do this it will mean that you will have the means to add assets. An asset is a thing that will produce income for you. Liabilities reduce your income. Turn your children into assets by having them purchase their own assets. This will really ad interest to their activities in the family home based business. In addition it will begin to orient them to the importance of independence and freedom. Believe it or not, teenagers with their own assets are better minded, stay out of trouble, and do better all around.

Brad Vigansky
Skype: bradley.vigansky

http://homebasedbusiness.ourformulaforsuccess.com