The Top Growing Small Business in 2009
Top Growing Small Businesses in 2009 in North America
Right now, the economy is tough. It may not seem like the best time to try to launch a small business. However, now may be the best time ever to think about becoming your own boss. A good business idea is key to a successful business, and over the last year, the best and most lucrative small business ideas addressed or gave a nod to the faltering economy.
These are the top ten small businesses in the North America for 2009.
1) In a tight economy, any business that helps others save money will be a hit. Businesses that offer classes that teach people how to do things like change their own oil and similar are on an upward trend.
2) Similarly, repair businesses are on the increase. When times are lean, people are far more likely to repair that broken television or stove than replace it.
3) Fast food franchises are generally a good bet. Even when families find themselves having to stretch money, fast food has become such a ubiquitous part of life in North America that fast food businesses survive and thrive in all economies.
4) Collections agencies are on the boom. Unfortunately, as times get tougher, the more need companies have for collections agencies. People with the right skills can make a nice penny collecting debts in a tight economy.
5) Outsourcing businesses are a good idea right now, as well. While many of us think of outsourcing as sending jobs overseas, for a small business owner, outsourcing may mean offering administrative services for other small businesses off-site. Other small business owners may not be able to afford a dedicated admin, or larger businesses may find it cost effective to have phones answered or data entered off-site.
6) Businesses oriented around the aging Baby-Boomer population are flourishing right now. Local medical suppliers and mobile caregivers are experiencing a boom.
7) As other small businesses become leaner, or as new start-ups need an office-front, savvy entrepreneurs are creating office shares, where small businesses can have an official address, phone, and access to office equipment, conference rooms and common needs, like Wi-Fi, all at a much cheaper cost than regular office rentals. New alternatives to regular office space are growing small businesses.
8) Businesses that offer energy services have been on the rise. Companies that show how to save energy using current resources help save money, one of the most important concerns of homeowners and small business owners everywhere.
9) Resale businesses are a good idea in a tight economy. Consignment stores, stores that sell more expensive collectibles on auction sites and split the proceeds with the owner, and places that accept used books, DVDs and video games for cash will see a rise in business as people sell unwanted items for needed cash.
10) Cleaning businesses will always have a market. In households where two people work, the cost of a good housecleaning is far outweighed by the demand for a second income. Cleaning businesses also service office and businesses, which will need cleaning no matter what the economy looks like.
For more great articles on small business and more please visit the Small Business section on GKBusiness.
