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6 Businesses That Thrive In A Recession

gold-digger

Recessions mean everyone suffers? Well, not necessarily true at all and some businesses thrive during a recession and see the opportunities that it throws up really help them flourish. When most others who did well in the good times stall, these are the businesses that people should invest in.

Sin Industries

Where you would have once purchased a new TV, or taken a holiday to the wine region of France, people will scale down their luxuries in a recession. Fortunately for them most sin is cheap and though they may bypass the new electrical goods, it’s a good time to own an off-licence or sell cigarettes; all of which improve in sales during recession. Chocolate also becomes an alternative to a good night out and does well. The only morally dubious industry to suffer is gambling, which relies on extra cash to do well and takes advantage of the happy go lucky feeling of the good times. All that being said, mobile gambling is currently thriving during the recession.

 

The Constants

There are some businesses that just continue as usual and there is no boom or bust cycle. Pharmaceutical companies, grave diggers, waste disposal companies and healthcare companies are all constants that do well either way. People get sick, are taxed and die whether times are good or bad.

Discount Retailers

Those who can sell goods at a lower price will obviously do well when people are watching their pockets. Discount retailers benefit greatly during a recession as they allow people to save, something they may not care for significantly in the good times. People will purchase more expensive items when things are good, but may lower their quality when looking for goods in bad times.

These companies also benefit from economies of scale and so can offer cheap goods at great prices to consumers. Though people don’t shop there as an ideal, they still do so during recessions.

Freelancers and Freelance Service Providers

Instead of bringing someone in during a storm and paying them a full wage, business providers and freelancers are taken on as they cost less. These freelance providers don’t require health insurance, a roof, canteen facilities and all the extras that add up in business and so thrive during bad times.

Property Management

Letting agents and others in the property management game do well in recessions as people find it harder to get mortgages to purchase a house. These businesses do well from the increased rental market and so make plenty during recessions.

Debt Settlement

Anyone involved in the area of money collection does well during the bad times. As businesses close, people lose money and need to employ professional services to get their investment back. This means that they will employ people in this area including debt collection companies, legal representatives and others, who all do well when things are down.

These examples of companies, who do well during the bad times, show that there is opportunity in the bad times as well as the good ones.

Cormac Reynolds writes for http://snap-edition.co.uk/ and has written numerous articles on how businesses can succeed during recessions.

 

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China’s Tight Job Market Defies Economic Downturn

Investors all over the world have been stunned by China’s defying job market economics. Workers across many countries have experienced the slowest run of economic growth in three years, causing a cull in jobs and a bleak global outlook for the job market.

However in China, the very place investors have been most concerned about, has reported the highest amount of job vacancies in over a decade, despite six continuous quarters of slow growth.

Workers in China have found themselves in the luxury position of picking and choosing their jobs, defying the faltering job market and leaving hoards of investors scratching their heads.

Fire to Rehire

During the height of the recession, thousands of businesses based on the mainland let go of a countless number of workers to stem the leak in their financial losses. However, when the economy rebounded quicker than expected, the same businesses ended up paying more to rehire the same workers.

As the world’s second largest economy moves up the industrial value chain and becomes ever-more eye-catching to businesses looking to invest, there is still a huge shortage in skilled staff.

What’s also impressive is that China has managed to punch through this global default even with their shifting demographic, brought on by its government’s one child only policy.

Learning from their mistakes, businesses have instead cut the hours of their works, instead of their jobs all together.

Workers Taking Control

If China’s export and output dip doesn’t improve, things could quickly go from bad to worse for the country’s firms. However there have been some positive results from job fairs in Beijing and Shanghai, which suggest that instead of hiding in the job market recession, employees were actively looking for new work.

The world renowned media agency Reuters reported that among the people looking for fresh work at the job fairs, most had just left school, and had only been searching for work for less than two months.

Furthermore, the rest were looking to quit their manual labour, uninspiring and tiresome jobs for better employment prospects and more money.

In short, China has more job vacancies than there are people to fill them. This fact has been backed up by data of China’s urban labour to supply ratio, which has remained above 1 for seven solid and consecutive quarters.

Socially, very few workers actually felt the full effects of the job market slowdown, or even felt that their job was under threat. In fact, it’s quite the opposite – China’s job boom is causing people to reassess their quality of life and look for better employment.

Timid Statistics

Although house prices in China are holding at a record high, workers refuse to compromise on pay. The government have surprisingly agreed, declaring that the minimum wage will grow by at least 13 per cent by 2015.

However, during the economic downturn in 2008, China had to inject 4-trillion Yuan into its economy to provide stability as well as social rest, though this was a knock-on effect after 20 million factory workers lost their jobs in a matter of months.

Although official unemployment data has remained static at 4-4.3 per cent since it was published in 2004, the data omits around 160 million rural migrant workers whose status is in a constant state of flux.

As the Chinese Communist party’s once-a-decade leadership transition is due this year, the risk of social discontent from unemployment remains high. However the party remains extremely sensitive to these issues, and continues to put a focus on jobs and employment, which is playing a key indicator in the country’s successful economic rise.

This news article has been contributed on behalf of Nuffield Health Careers.

 

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After Recession: Having your Own Business

So it’s clear that our beloved country, the United States, isn’t the old sweet haven we know when it comes to job security. It’s saddening because several years ago, I only see labor woes and dilemmas on TV, on international news that show how bad economies are in far away countries like the third-world countries in Asia, newly formed countries from the old USSR, and those located in the southern part of Africa.

After the recession, we all felt how disastrous our economy was. Although that was almost two years ago, our economy is still terribly shaky as employment rate becomes terrible and miserable. Fresh graduates find it hard to get employed right after finishing their hard-earned degrees. They are forced to grab some low-paying labor and blue-collar jobs that aren’t suited to them, jobs that have nothing to do with their degree and skill.

As years pass by, being employed becomes tougher and harder. Companies are still recovering from the quandary the recession has brought. After the slight economic downfall, it is recognizable how companies have changed their ways of employing people. They slowly go back to the old days of hiring process that is stricter and degree-oriented; it’s now hard to make it in a decent company without an impressive university record, industry experience, or worse, career achievement.

On entrepreneurship

Entrepreneurship. Everyone thinks of it as the only answer to the effect of the recession. Since getting employment from financially swelling firms become stricter, a lot of people resort to starting up their business. But not all could afford this, because not everyone has the capital to start one, and not everyone has the skill and knowledge to at least conduct a proper feasibility for it.
Thanks to the Internet, because this virtual place gives hope to a lot of daunted fresh graduates and jobless business people.

Businesses that needs no costly capital

Today, it’s not that hard to own a business. Starting a business blog is undeniably easier and less daunting than selling yourself in front of an unknown employer. Writing what you really feel on the Web is more rewarding than being subservient to professionals that will soon pay you fixed amount of dime once a month. The best thing about business blogging is you operate all by yourself; you work without the supervision of an obsessive –compulsive superior and overly punctual schedule and timetable.

On the other hand, if you have accounts in social media and networking sites, you can copy those online business owners who operate solely in these websites. All they do is post their product on these sites and interact with the customers.

Lastly, if you are not into staying in front of the computer for long hours, you can try <a href=”http://www.endlessrise.com/”>SEO Reselling</a>. It lets you become a traveler wherein you will visit towns and localities, spend hours talking with local business and shop owners, and rummage through the town walking and driving without thinking of a required fixed break schedule and emergency business summons.

Your author Warner is an avid writer and is interested in Resell SEO and Private Label SEO.

 

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