18 Business Ideas to Undertake in Times of Crisis

This post has been created to try to help people (call themselves entrepreneurs or businessmen) to find new ideas and alternatives to undertaking in times of crisis (such as the one that the Covit-19 pandemic may be leaving us with)

Below I list some very interesting business ideas that can be developed or undertaken under challenging times or economic crisis. They were selected according to the investment capital you may have.

Keep in mind that ideas are based on the possibility that opportunities are open. I suppose within a great crisis scenario that many companies will have gone bankrupt or will be in difficult situations; so we are obliged to seek opportunities in these difficult times.

I never recommend taking advantage of the weak to kill your business or company. What I do propose is to look for opportunities where others left “that empty niche.”

Sometimes new ideas or business opportunities also emerge, such as the millions of masks or respirators that are needed to face a pandemic such as Kovit-19.

1- BUSINESS FOR ENTREPRENEURS OR ENTREPRENEURS WITH CAPITAL

1.1 BUYING COMPANIES IN CRISIS

The idea may seem at first sound absurd, but believe me that many millionaire Entrepreneurs have the virtue of finding companies in crisis, either because they are bankrupt or because they are in a very difficult financial situation.

There are two ways to find Companies or Businesses in crisis:

The first way is that you are part of a Company that is in real financial crisis and offers as part of the solution (Company in liquidation) that employees receive it as payment or part of the payment.

Let’s say that sometimes this way stops being an opportunity “since you didn’t look for it” to become a unique option.

The second way is by studying and becoming a specialist. Generally, if you are in the “middle” opportunities come. Depending on the capital you have, you can search for restaurants, bars, hotels or companies of different categories.

1.2 BUY REAL ESTATE

Generally, this is a business that has always been good, but when there is a recession or a crisis, properties lose their value. You have to refine your vision to find the best stuff or the best locations at a reasonable price.

It should be remembered that this type of business needs time to sell the properties. Based on time, the quality of the property and its location is where the sale utility can be valued.

1.3 CREATE A BUSINESS OF RAW MATERIALS FOR DISTRIBUTION

The truth is that this business idea only needs to know a little about the market (at the time of the crisis) to be able to assess what raw materials are lacking.

Suppose that the Importing Companies of some raw material stopped importing because they no longer found it interesting. Still, for you, it may be an excellent opportunity to supply a market niche. Ex: Spare parts, chemicals, parts, etc.

1.4 OPPORTUNITY FOR APARTMENT RENTALS

Well, it is not a secret that many people in times of crisis will have to sell their properties or in worse circumstances, they are taken away by the banks that do not forgive.

Those families will become new tenants.

So despite the problematic situation of times of crisis, renting real estate will always be a profitable option.

1.5 BUYING AND SELLING USED CARS

Cars become the biggest opportunities (after real estate) to get or get some money back. If you are a business specialist and you know something about vehicles, brands, models, etc .; this is another good business opportunity.

After a crisis, it isn’t very easy to buy new cars, so all second-hand cars acquire value. It is a matter of knowing and specializing in models or brands of vehicles to resell them and generate income.

1.6 FOOD BUSINESSES (RESTAURANTS AND FAST FOOD)

When there is a great crisis, many businesses fall or go bankrupt. This is the opportunity for other new investors who will take advantage of being able to buy a “Brand” with everything and age or, they can create new restaurants where others disappeared.

It is true that perhaps it will no longer be possible to offer special or exquisite dishes, but we can start with products that are in demand and that the price is competitive.

At some point in my life I met a business called “just soups”… .and guess what it sold:… ..yes, soups from different recipes at an affordable price. With this business, its owners managed to grow and consolidate a profitable business in the long term.

1.7 IMPORT PRODUCTS OR SUPPLIES

As long as the world exists, I do not believe that the commercialization between countries will end.

Currently, China has the first option for international business, but that does not mean that there are no opportunities in the USA, Russia or Europe.

Many things are currently imported from China, but if things change; we will have to look for them in other countries.

This means that if you like to trade, imports will always be a business opportunity.

1.8 SET UP A FASHION CLOTHING BUSINESS

With crisis or are crisis, we have to eat, sleep and dress. In times of crisis, many companies perish, and others will have to be reborn. This creates an excellent opportunity in the clothing business. The title mentions fashionable clothing, but I think the word fashion will be inactive for some time.

So the idea is to create the right clothes that will serve a lot of people. If you specialize in pants or blouses, for example, you would have a good opportunity for working and creating cheap clothes.

Don’t forget that there are also niches in work clothes, t-shirts, dresses for all occasions, etc.

1.9 RENTING

When a country faces an economic crisis, the first thing that is perceived to be affected is the pockets of its citizens. As a direct consequence, we may find it impossible to buy objects or tools for a particular purpose, such as a car or some tool to work with (drills, mixer, saws, etc.)

It is at that moment where we can create a Business to offer the rental (Renting) of certain products, tools or elements that are necessary for the different market segments.

From car rental to tools for carpentry, ornamentation, nurseries, construction, etc.

This works under a business model that is: rent by time. During periods of crisis or recession, it becomes a great business opportunity while also providing a very useful service to those who need it.

1.10 GROWING TOMATOES (OR RELATED PRODUCTS)

At first, I mention the cultivation of tomatoes because perhaps it is one of the most attractive and simple when starting in the world of crops.

In tough times, one of the primary needs is food. If there are no crops and crops, we are “dead”. Unfortunately, in normal times of life, man has been leaving the field to go after “easy” businesses.

The big problem is that in difficult times, easy businesses die and we have to think about other businesses that generate income or “the bread and butter.”

For this reason, it is particularly attractive for me to look for products to plant and market. There are hundreds of products to grow on a small, medium and large scale.

2- BUSINESS FOR ENTREPRENEURS WITH LITTLE CAPITAL

2.1 CREATE AN URBAN OR RURAL MESSAGING SERVICE

When a country, region or even continent goes into the financial crisis, many companies or micro-companies leave personnel and elements that can become liabilities or losses.

This offers new possibilities to smaller entrepreneurs who can meet the needs of these companies.

From that point on and when many companies cannot mobilize their products or merchandise or because they do not have the resources to purchase a truck, this is where we find the opportunity to create our Messaging service.

Suppose you have a car or a motorcycle. In that case, I am sure there will be factories that will need someone to transport their products, merchandise or raw materials—even stationery within the city.

You can also associate with other friends who also have a car or motorcycle to form a small business or company.

2.2 RESTAURANTS AND FAST FOOD BUSINESSES WITH LITTLE CAPITAL

Although this is nothing new, it is a business opportunity as long as it replaces or improves businesses that have closed their doors or that have left reputable sites with the possibility of taking them.

They are also an exciting option when you can cover a need such as selling “lunches” or healthy meals at an affordable price.

2.3 SET UP A TEXTILE AND GRAPHIC PRINTING BUSINESS

Well, what if you are a designer (or design is made easier for you) and you are looking to work?

Despite an economic recession, many factories will continue to work, and basic markets will not end.

Other companies and businesses have likely closed their doors, so some clients need printing services for T-shirts, clothes, blouses, uniforms, etc.

So this may be an ideal time to start your business.

2.4 LOCAL COMPUTER OR PC RENTAL PER HOUR

This is a business that had a boom in previous years, but that was ending as people were acquiring their personal computer.

If a difficult time comes for the economy of a country, I am sure that many people will no longer be able to buy or repair their PCs or computers. Some others will stop paying for internet service.

This creates a business opportunity to offer a computer rental service for a time.

2.5 STORES SELLING USED OR SECOND-HAND PRODUCTS

Many first-world countries and even some third world countries have never had this type of business simply because it is not profitable in all countries.

If you are in Australia or Japan, it is practically impossible for you to start a business to sell remanufactured (or repaired) televisions simply because citizens are used to buying new things. Or because the parts costs to fix them are very expensive.

Well, if we assume that you are in a country where the economy suffered or where purchasing power fell; Well, it would be very good to review this business idea because it is very likely that you can generate good dividends with it.

Whether you are in the United States (from Los Angeles to New York) or Europe (Spain, Italy, Portugal) or Brazil; This Business idea will work very well.

2.6 OFFICE OF FINANCIAL SERVICES

When a tremendous economic crisis breaks out, it affects everyone: rich and poor, businessmen and entrepreneurs. And where it hurts the most is in all citizens who live from day to day and who have loans, credits and debts with banks or other types of similar companies.

This is where you most need to find a Financial Services Advisor who knows to defend and help plan payments on high-interest debt.

If you are a specialist on the subject or you like this type of business, this is an excellent opportunity to help people and generate income.

2.7 HOME HYDROPONIC CROPS

This business idea, more than a great opportunity, also becomes a great need in times of crisis.

Food needs are always more necessary in times of crisis. If you have some love and interest in cultivating, this is a great opportunity.

Many products can be grown in small spaces under the technique of hydroponic crops.

From lettuce, tomato, apples, asparagus, strawberries to corn, you can grow and sell either to stores or supermarkets; or to direct clients such as all the residents of your neighbourhood or town.

2.8 HATCHERY FOR LAYING HENS

Another business idea that attracts me a lot in times of real crisis. It takes some money, love, some patience and knowledge that you can find on youtube.

If you can healthily grow your chickens and set up your sheds well, in a short time, you will have eggs not only for your family’s breakfasts but also to sell and generate income.

Conclusion:

Moments of economic crisis have always existed over time, and the strongest are those that manage to survive. Never lose confidence in yourself and look in the needs that created during difficult times for opportunities. I’m sure that just as there will be many falls, we will also get up many.

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