Profitable and relevant business in a crisis
During the financial crisis, many businessmen have to close their factories, lay off workers and sell assets. But there are also areas of activity that are beginning to flourish in difficult economic conditions. An up-to-date business in 2021, despite financial difficulties, will bring good income if you can choose the right idea and competently organize your own business.
In this article, we will consider the most profitable ideas for making money in a crisis.
Mushrooms are a common food found in many dishes. They are added to salads, soups, pastas and sauces. The most popular types of mushrooms are champignons and oyster mushrooms. Good money can be earned from the production of such products. This is one of the hottest business ideas for 2021.
For growing mushrooms on a large scale, you need a special cultivation chamber. If you have limited financial resources, it is better to start growing oyster mushrooms. Mushrooms of this variety do not require special conditions. Such a business can be organized in a barn, basement or cellar. The most important thing is good ventilation and heating. In addition, the required humidity level must be maintained. Finished products are bought in bulk by supermarkets, shops and catering establishments, so there are no problems with their sale.
Homemade sausage production
Food production is a stable and profitable business. In a crisis, people can refuse to buy clothes, household appliances or other things, and not a single person can do without food. The most in demand on the market is for home-made organic products such as smoked meat, bacon or homemade sausage. Naturalness is highly appreciated by modern consumers. They are willing to pay good money for quality products.
If you don't know what to do in the 2021 crisis, start the production of homemade sausage - this is the easiest and most affordable option that anyone can implement. At first, a small meat processing workshop can be organized right in the kitchen. To do this, you do not have to purchase special expensive equipment or tools. One person can make 5-10 kg of sausage per day. Over time, when the business begins to flourish, you can expand the enterprise and increase the volume of production.
If you are wondering what kind of business you can do during a crisis, pay attention to breeding rabbits. This is a successful line of business that allows you to receive a decent income with a minimum investment. The dietary meat market in our country is not completely saturated, so you can safely take up this business.
A small rabbit farm can be placed directly on a personal plot. If it occupies no more than 15 sq. meters, under the law you will not pay taxes, since such a farm will be considered a personal subsidiary farm, and not a business enterprise. Rabbit meat can be sold in the marketplace or sold in bulk to restaurants or supermarkets. Due to its naturalness, dieteticity and excellent taste, this product is highly valued and is in great demand among customers. Therefore, you will not have any problems with the sale of finished products.
Bakery as a business
During the crisis, the demand for bakery products begins to grow significantly, so your own bakery will generate a good income, even in difficult economic conditions. This is a rather expensive idea, since it will require large start-up capital to implement it. The money is needed for renting premises, purchasing equipment and raw materials, as well as obtaining all the necessary permits.
Business in crisis is going through hard times. A sharp drop in income leads to a decrease in consumer activity of the population. The crisis is merciless to all types of business, but first of all, the sphere of goods and services of secondary need is losing profitability. When the earnings are only enough to pay for communal apartments and food, the desire to spend money on entertainment abruptly disappears. On the other hand, during the crisis new market segments open up. It is necessary to catch the fluctuations in consumer sentiment in time and fill the opened niche.
Features of starting a business in times of crisis
In addition to the difficulties, during the crisis, the aspiring businessman also has some advantages. First, a sharp drop in the income of competitors who have not been able to adapt to the new conditions leads to the emergence of free space in certain market segments.
Secondly, as a result of the general decrease in prices, the costs of starting a business are significantly reduced. Thirdly, new goods and services that are better adapted to crisis conditions are gaining popularity. For example, the production of affordable food, or essential goods that can be produced at a lower cost. And, fourthly, as a result of mass layoffs, qualified specialists are left without work, who urgently need work.
Experienced entrepreneurs advise starting a business during a crisis with minimal borrowing. High risks reduce the attractiveness of even very profitable projects. Another feature of business in difficult times is increased pressure from the state.
Market segments that stagnate during the crisis
Business that is focused on the production of goods and the provision of services, which begin to interest customers only after satisfying basic needs, suffers most from the crisis. Most often, the crisis suffers losses:
- catering establishments;
- manufacturers of confectionery, meat, dairy, alcoholic and other products;
- distributors of sports equipment and food;
- fishing markets and pet shops;
- manufacturers of various equipment;
- various entertainment establishments;
- construction companies;
- manufacturers of building materials.
Large enterprises suffer the most from the crisis. Even small downtime can lead to large debts, which, while maintaining low production rates, will have nothing to pay off. back to contents ↑
Market segments not affected by the crisis
Some services and goods, despite the drop in consumer activity, are always popular. Typically, this is the production of budgetary and essential food (for example, baking bread), inexpensive textiles, hygiene products, car repairs and farming.
In addition to the above areas, such areas of business as
- network marketing;
- educational courses;
- design services;
- production of original art objects.
Due to the stable demand for essential goods, the most profitable business today is offline or online trading. Next in the ranking of profitable business ideas is production, the possibilities for organizing which have increased in Russia with the beginning of the import substitution policy. To choose a specific direction, an entrepreneur should take into account geolocation, personal experience and skills, and also evaluate the start-up capital that can be available.
How to choose and organize your business?
In order to understand which business to choose, an entrepreneur needs to consider the following criteria:
- Personal experience. It is desirable to be engaged in the business in which there are practical skills and knowledge. Otherwise, a businessman may go bankrupt because of a trifle associated, for example, with ignorance of production technology.
- Geolocation. The location and size of the population in the selected location is important. In the metropolis, you can open a modern cafe with oxygen drinks, which will bring profit and find its customers. Such a project cannot exist in a small town or village.
- Starting capital. The scale of the business depends on the amount of funds. You can organize your own business with little or no investment, by becoming an intermediary or earning with personal skills. To open a small or medium-sized enterprise, you will need about 100 - 800,000 rubles.
To organize the chosen direction, it is necessary to prepare a business plan, which will display financial indicators, risks and payback of the project.
The video provides step-by-step instructions on how to choose an idea for starting your own business. Taken from the channel "Business Youth".
Choosing a line of business
Aspects to be taken into account when choosing a direction for action:
- It is desirable to match the chosen business with the gender of the entrepreneur. better for a man, and to provide body depilation services to a woman beautician. This will generate more consumer confidence, increase the number of customers and, accordingly, increase profits.
- The location of the business can be both offline and online. The latter option is rapidly gaining popularity even in small towns in Russia.
- In addition, one's business should bring not only income, but also joy, otherwise, the entrepreneur is threatened with moral burnout.
Market and Competition Analysis
Market analysis includes the following studies:
- selected goods or services;
- dynamics of supply and demand;
- potential buyers;
- market conditions;
- the level of competition in the selected niche with an assessment of its own competitiveness.
The crisis leads some people to poverty, while others do not change their financial situation, and still others during the economic downturn become even richer. Of course, few people would like to be classified in the first category. The bulk of people tend to be in the third or at least in the second group.
Periodically it happens that the harmony of our life begins to collapse under the influence of overwhelming external forces. At the same time, the course of events and the way of things habitual for everyone changes. The established views on the surrounding reality are also subject to revision. All this speaks of the onset of a crisis.
In such a period, many of us think that life has come to an end, and the familiar world is about to collapse. This condition can cause business turmoil.
- surges in the exchange rate;
- losses from disrupted transactions;
- new rules and laws for entrepreneurs, etc.
In such a situation, it seems to many that all the efforts, time and resources that went into creating their own business were wasted.
Making the Right Decision
In a crisis? Maybe give up and come to terms with everything? After all, it seems to many that a collapse has come, everything is already lost. However, don't be discouraged!
Consider the crisis as the next stage of business, which will definitely be followed by a powerful impetus in development. The economic downturn should not become for you sometimes despair, but the motivation for making extraordinary decisions and active actions. If you do not find an answer to the question of how to make money in a crisis, then you need to learn how to do business correctly, try to control all indicators and work processes, create a strong team of professionals and build a reliable management system. Only in this case it will be possible to derive maximum benefit from the misfortunes and troubles that have befallen your head.
What is the result of the crisis?
A downturn in the economy of any state is the reason for the following:
Everyone knows the word crisis.
The risk of depreciation of everything accumulated scares ordinary people.
It would seem that then you can say about entrepreneurs.
The danger of investing money in a period when not today or tomorrow everything can collapse stops many.
And this is a rational fear, rather even caution.
But, as you know, only those who are not afraid to take risks achieve success.
Therefore, it is worth discarding the prejudice that business in crisis is something that should not be considered.
Contrary to popular belief, even a beginner can implement some business ideas that will successfully exist in a crisis.
The main thing is to rely on services and goods that are in demand and accessible to the population (whose pockets are significantly thinner).
You can study a selection of the best ideas below, after delving into the theory under which a business operates in a crisis.
Many firms really have to “moderate their appetite” or stop work altogether, lay off employees, sell off assets.
At the same time, especially favorable conditions are unfolding for others, which allow them to successfully start and gain momentum.
It is worth paying attention to the fact that in modern Russian realities we can say that the crisis has become something absolutely familiar.