There are many foolproof ways for a good business plan to make money during a recession for anybody with the least bit of ambition and perseverance.
When you get right down to it, the only thing needed for anyone to make a lot of money, is long-range vision and the energy to put a recession-proof business plan into force.
One of the easiest methods of making money, and the one used most often by the “smart” people, is simply the furnishing of:
Basically, you buy in as either a part owner or limited partner.
Then, as the business grows and prospers with your help, you reap fantastic rewards.
The beautiful part about this whole concept is that you can do this same thing, or duplicate it over and over again.
You can start out with marketing and sales leadership for a small, garage type business.
Then with your holdings and earnings from that business, invest in another and keep doing it until you own a part of 25 to an unlimited number of businesses.
For example, if you were getting $200 per month from 25 different businesses, your monthly income would amount to no less than $5,000 and that’s not too bad for making (a lot of) money during a recession.
Look around your own rural area.
With just a little bit of business sense and perception, you’re sure to find hundreds of small businesses that could do better.
Perhaps, even become giants in their field with your help.
Most small businesses need and would welcome marketing, promotional, advertising, and sales help.
If a quick survey of a business turns you on with enthusiasm about the potential profits with just a few changes that you can suggest, then you are on your way.
Basically, you set up an appointment to see and talk with the business owner about some ideas and help that could double or triple his/her profits.
Whenever, and so long as you approach them in that manner, their almost always going to want to see you and hear what you have to say.
In preparing for your meeting with them, write your ideas down on paper.
Put them together in an impressive marketing or profit-potential folio.
Outline your ideas—the costs involved and the ultimate profits to be gained.
Then, when you arrive for the meeting, be sure to look the part, and act the part of a successful business person.
Thank them for the opportunity to present your proposal as a common courtesy and way to break the ice; then begin your proposal or presentation.
The bottom line is simply that you tell the business owner that you can do all you say for them.
Guide them (him/her) through it to the ultimate profits for a 10 or 20 percent limited partnership in the business, which really won’t cost them anything.
Of course, if they’re reluctant to give up any part of their ownership, you can come back with the idea of being hired as a consultant.
Always be prepared to negotiate an alternative win-win solution for both of you.
Almost all small business need help of some kind.
The owners get bogged down in a myriad of everyday problems and things to do.
They find that there just aren’t the hours in a day to handle everything that should be taken care of.
And end up neglecting or not doing some of the things they should be doing to keep their business prosperous.
As a result, the long struggle for business survival begins, with more than 60% of them selling out at a loss or just closing up shop.
The other way to “cut yourself in” on a piece of someone else’s business is to supply needed money.
If you can come up with 10 or 15 thousand dollars, you can easily “buy into” most small, rural businesses.
That is essentially what the U.S. government is doing with the Coronavirus Stimulus Package with loans.
Be sure to look over the business and it’s market potential.
Once you spot one that can really be a winner with just a little bit of operating cash or money for expansion, then start calculating.
You can have a never-ending supply of small, rural businesses to choose from.
Simply by running a small ad in Craigslist or your daily newspapers in the classified section under the heading of Business Opportunities Wanted.
SUCCESSFUL BUSINESS EXECUTIVE LOOKING FOR NEW BUSINESS VENTURES. WILL CONSIDER BUY-OUT OR PARTNERSHIP, PO BOX 123…
By the same token, make it a habit to look through the Business Opportunities Available section, on a regular basis.
Mark a few each day and follow up, check them out, and find out what kind of deal is being offered.
Remember, proper management and planning are basically the components to success in business.
And most small businesses just don’t have these ingredients in the proportions needed to attain their true profit potentials.
Other people have done it, and doing it every day.
There’s no reason why you can’t do it.
In most cases, little or no cash is needed.
With just a little bit of action on your part, you could quickly become financially solvent and very wealthy as well with a simple business plan to make money during a recession.
About: I’m the author in residence of RuralMoney.com bringing you the best of my knowledge, skills, abilities, tips and resources. Unfortunately, I am also a person with disabilities. I have severe Rheumatoid Arthritis. I love to share what I know and practice to help others survive and thrive in rural areas.
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