4 Entrepreneurs Reveal The Industries They Believe Will Not Be Affected by Business
Business affects our lives, purchasing decisions, rights and can affect different industries.
It has both positive and negative effects. Some of the positive effects include the provision of raw materials for industries and the creation of employment opportunities. The negative effects are such as environmental pollution and possible job losses. The tech business has been at the forefront in driving changes in various industries. However, traditional industries such as construction, healthcare and transportation remain lest affected by business.
Here’s what entrepreneurs had to say about the industries that will not be affected by business.
#1- Online financial trading; particularly CFDs
With CFDs, investors can make money regardless of the direction taken by economies or other financial aspects. For instance, when an economy is underperforming and its currency falls, investors make money by selling it. Similarly, when an economy is performing well and its currency grows, the investors can make money by buying it. In short, whether business swings bring market rallies or depressions, the online CFD industry will not be affected; at least not negatively.
Thanks to James Jason, Mitrade!
#2- Consumer staples
No matter what happens, people will always need items on a regular basis such as food, water, soap, detergent, and toilet paper. These products will always be in demand, thus, companies like Nestle, PepsiCo, and Unilever. If you or I take a look at homes, we will find one or two products from these companies. Even during the pandemic, people will always need the items they manufacture.
Thanks to David Shell, TradesmenCosts!
People will always need to find new, better, more innovative ways to communicate, especially when dealing with frontline employees and remote workers. And, as long as the communication field continues to offer solutions that companies (and people) require, then there's no apparent reason for a decline in this type of industry.
Thanks to Alexandra Zamolo, BEEKEEPER!
#4- Local handyman
Properties always need repair work and ongoing maintenance, the rotted fence, broken door or touch up paint job. These jobs cannot be done by robots, outsourced to India and they are too small for big firms to do economically so I think there will always be a need and role for them.
Thanks to Paige Arnof-Fenn, Mavens & Moguls!