A list of recession-proof, home based businesses to start includes a debt collection agency, medical coding or medical transcription services. Other home-based business ideas are to sell necessary items online, or a virtual assistant business.
Certain businesses are necessary during a recession since individuals are prone to certain conditions and circumstances during times of economic despair such as health issues or increasing debt, notes Entrepreneur. Businesses that can step in and provide a service that addresses these issues may thrive during a recession.
During a recession, companies may try to keep costs a down and may see outsourcing their administrative and clerical duties as a cost-effective option. In order to fill this need, individuals could position themselves to provide data entry, call center and telemarketing assistance to companies.
Home-based businesses are also good to start in or out of a recession due to limited overhead costs. The ongoing benefits of telecommute businesses are schedule flexibility and saving a significant amount of money from no longer having to commute to and from work. The ultimate benefit of home-based businesses is being one's own boss. This eliminates interactions with overbearing bosses and difficult coworkers. Those who work for themselves only have to answer to themselves in most instances.