Sharing my thought for today. As I sit here, in my thinking mode I am thinking of who is making money in this current economic market. It comes to me that there are people still making money. So who are they? Which businesses are recession proof. I been working on this for a few days. After all I do have the time and can only play so much golf. This is what I came up with:
- Mechanic shops. I have one client who is building a new shop on the Westbank in Harvey LA. They are doing well.
- Workers at auto parts stores
- Workers at the Home Depots and Lowes.
- Medical professionals
- Insurance Agents
The first three come to mind due to my relationship with my personal client. The next thought, more people are not buying big ticket items. They are repairing their auto’s and holding on until this cycle corrects. Same goes for home improvement. The last group will always be in demand. Your health is very thing.
Just my thoughts please share yours.