Is your Craft Business Recession Proof?

A couple of days ago, I read that  a share of Jo Anne’s Fabrics stocks nearly triple from a year ago. The national sewing and craft supply retailer reported earnings for first quarter 2009 were up significantly from the same period last year. 

Last night I heard from a friend in commercial construction. I was astonished to hear he just closed a deal to build a multi million dollar casino in the midwest. 

In my neighborhood coffee shop, a couple shared with me that their high end handmade ice cream and gourmet jerky  (yuck)  business is thriving, and a neighbor who reps  cosmetic medical products tells me her sales figures are up. 

You’re probably wondering what face peels, fancy foods and gaming have to do with selling hand made crafts, right?  Everything. 

While the media is ranting about the economy and we’re seeing  stores shut their doors and friends lose their jobs,  these businesses are booming. 

What do these thriving businesses have in common? Read more