What Business Opportunity in Euless, TX will help you Withstand Economic Downturns? 8 Evergreen Businesses
Not to sound like Chicken Little, but the idea that we live in very economically uncertain times is not fiction. There are looming threats around every corner that could plunge us into perpetual economic darkness. According to TIME, these are just a couple of the top politico-economic risks facing the global economy:
- Conflicting interests of the White house under Trump and Technology under Silicon Valley. On the one hand Trump wants control and security while technology proliferators want freedom and privacy for customers. Its jobs vs. automation.
- The political scenario affecting central banks. Central banks will be subject to great risks. Janet Yellen’s term for Fed Reserve expires in February next year. Trump could have one of his allies take her place. That way the Fed Reserve decisions may be subject to manipulation.
One may only begin to assess the damage done by these and more uncertainties. Luckily, the spirit of entrepreneurship and business will allow budding young entrepreneurs to look for a lucrative business opportunity in Euless, TX, while facing these uncertainties head on. But it is important not to forget that business involves taking calculated risks and being risk averse to a small but undoubtedly certain extent.
Here are 8 businesses for you to pick out the perfect business opportunity in Euless, TX from.
1. Memorial Services
Good old Ben Franklin said it best: “In this world nothing… [is] certain, except death and taxes.”
Whether you have to make caskets and hold (glorious) ceremonies for an individual to be remembered by loved ones, this is one service oriented business that people will use. Over time, you can create your own unique offering for the business.
Since the population of baby boomers, a term given to those born between the years from 1946 to 1964, is aging (between 53 and 71 as of now), this is one business opportunity in Euless, TX that is not going out anytime soon, despite any recession.
2. Tax Collection
It would be ironic to leave out taxes, after just mentioning both death and taxes as a certainty. Tax professionals and accountants seem to glide through recessionary times more easily than the rest of us for some unknown, unseen reason. Well, it’s not that unknown or unseen once you think about it. These professionals took advantage of an evergreen business opportunity in Euless, TX and made it work in their favor.
The IRS directs their efforts to collect their share while people want to keep their earnings to the highest possible extent. And the harsh reality is that taxes are obligatory so there is no escape. It’s what makes the tax professional and accountant firm business opportunity in Euless, TX, evergreen.
3. Healthcare
It might prove difficult to enter this industry due to the strictness of rules and regulations. Once you pass these rules and regulations, however, it is one evergreen business opportunity in Euless, TX. Home healthcare services might be some of the easier ways to get into the healthcare industry with the rising elderly population.
Online nursing and treatment recommendations can also be a good business opportunity in Euless, TX. It may be based on people who have already been through treatment for a certain disease. They may help out those suffering from the same. Medical professionals can further clarify confusions and testify the success of treatment options.
4. Thrift Shop
Many people need, and enjoy a good bargain for the things they need from time to time. Especially in periods of recession when the budget is tight, you can set up an online or actual thrift shopping community to cater to the people’s needs. One person’s trash is another’s treasure, so people needing to sell their goods can use the platform you provide to them. It is a great ecommerce business opportunity in Euless, TX.
5. Repair garages
You don’t go about replacing your cars whenever you find a dent or a scratch on it, now, do you? Unless there is a government backed scheme whereby you can get the same car, brand new, just by scrapping the old one. Or Cash! You take it to the nearest repair shop and work out the kinks.
Cars will get dents scratches and other, much sinister problems as long as they are on the road. So will HVAC systems and appliances. That’s why repair shops/garages are a lucrative business opportunity in Euless, TX. Search for growth in this business before you start out though.
6. Movie Madness
Who doesn’t love a good movie? People need an escape from the stress of their daily lives and thus they tend to spend their money on entertainment. Apart from that, people have become addicted to screen time, and nothing offers better screen time than good movies.
You may also choose to get creative by offering snacks and meals with the movie so the newest Hollywood hits can be enjoyed with ease. This is another great business opportunity in Euless, TX, to capitalize on the huge market of movie goers.
7. Liquor Stores and Bars
There’s nothing quite like grabbing a few cold ones with the guys after work. People with mid-range and lower cost liquor tend to do better in recessions, understandably. Expensive wines and beers do not.
People who make it a habit to knock back a cold one after work (at home or with friends) or take a glass of wine with dinner are generally not affected by the economic climate. They will consume, regardless. So consider investing in a liquor store or a distribution company for it. It’s an evergreen business opportunity in Euless, TX.
8. Organic food stores
Having organic and whole foods for those health conscious individuals is also a great way to go. Do the legwork and source the products to their roots and get the supply chain going. A select class of people looking for the food offering you are looking for will surely turn up.
Contact Kirksey Business Brokers for more information on the available businesses that you can consider a lucrative business opportunity in Euless, TX.