Everywhere you look online, you’re bound to see articles related to the looming recession and its economic ripple effects. These effects, including job cuts and anticipated elevated default rates, would logically imply that consumers were cutting back spending in all places. But logic and recessions don’t necessarily go hand-in-hand.
Despite dire warnings and dour markets, people aren’t tightening their belts evenly. Instead, they’re tightening here and loosening there. In fact, they’re willing to be surprisingly generous with their cash when they feel they’re getting serious value in return. This is good news for aspiring entrepreneurs open to identifying and filling niches.
Currently, three big sectors are