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Moreover, many startups drain resources from the outset without generating income. In contrast, acquiring a profitable business offers immediate cash flow, ensuring financial stability from day one. Kenny also points out the advantage of targeting recession-proof sectors, thereby allowing business owners to weather economic downturns with greater ease.
Ten Recession-Resistant Business Models
Kenny outlines ten business types that consistently generate revenue year after year, regardless of the overall economic climate:
- Waste Management and Recycling: Central to daily life, waste management and recycling services remain in constant demand. With gross margins of 30% to 40%, these businesses capitalize on an inescapable reality—people create waste.