by Heather Cone

Created on: May 05, 2009   Last Updated: September 17, 2009

The economy is still recovering from the real-estate-market meltdown and many investment opportunities appear uncertain. If you were thinking about buying your own business you may have stepped back for the moment, afraid of what the future might hold. But if you know what industries to invest in, which franchises do well, both in troubled and bountiful economies, then you know it is always a good time to invest.

The franchise industries listed below offer the best chance of not only survival but for earnings in a recession. Throughout the years they have proven their resistance and their sustainability.

Elderly Care Assistance

There is no doubt about it, our country is aging. As the baby-boom generation edges more closely to retirement it is clear we need more people who are qualified to take care them in their twilight years. Coupled with this are advances in the medical arena enabling people to live longer lives and it is evident this is an industry that will thrive under any circumstances.

Child Care

Just as the elderly need care and assistance, so too do the children. More and more families are relying on dual incomes to support themselves and must turn to child care centers to provide day care while both mom and dad are at work. Add to this that divorce rates continue to hover around 50%, meaning more single parents need a safe place to drop their kids off and you have the formula for success in any economy.

Tax Services

Liberty Tax Service, Jackson Hewitt and H&R Block probably won't be going out of business anytime soon. As long as there are taxes to pay, tax services will be needed. And as tax laws become more and more complicated relying on a professional is more of a necessity than a luxury.

Fast Food Chains

With less disposable income people are not able to go out to eat as often. But that does not mean all meals are home made. Fast food restaurants are recession resistant due to their convenience and affordability. Everybody needs a break from cooking once in a while. When the budget is tight big restaurants don't factor in the equation and fast food becomes the dinner of choice.

Children's Enrichment

Just because the economy is bad does not mean parents stop wanting the best for their children. After school learning centers, art, dance and technology classes thrive in good and bad economies because children still need help with their abc's and 123's. Parents understand that to give their son or daughter an edge they must provide them with additional resources and they are willing to do what it takes to pay for it.

Owning your own franchise can be a great opportunity especially in a bad economy. Finding a job can be a difficult task and due to major lay-off's the competition is stiff. Operating your own recession resistant franchise can give you the chance to finally be your own boss and take control of your future.

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