Sageworks, a research firm on privately-held companies, says accountants, dentists, auto mechanics and hair stylists are some of the workers still doing well in this economy (I can vouch for the latter two as I still rely on my auto mechanic and hairstylist for frequent repairs). Here's the stats:
- Vehicle maintenance: While car dealers saw their sales drop 9.7% in the past 12 months, auto-repair shops saw theirs increase by 2.4%.
- Home remodeling: While home builders saw sales fall 5%, home contractors like electricians and plumbers saw sales increase 4.6%.
- Grocery stores: While restaurant sales decreased 4%, grocery stores' sales increased 6.7%
- Specialty schools: While state colleges and universities have cutbacks, technical and trade schools saw their revenue growth increase from 6% in 2007 to 7.8% last year.
- Dentists: Their sales went from a 5 % increase in 2007 to a 7% increase last year -- and according to Sageworks' company blog, other health practitioners saw sales growth of 10% in 2008.
- Certified public accountants: Revenue at accounting firms grew 10% in the past year.
- Personal care services: Skin-care specialists, barber shops, and hair and nail salons had sales increase 4.5% last year.
- Beer, wine and liquor wholesalers: This industry also showed up in Sageworks' blog, having sales grow by 4.7% in the past year.