Planning, Startups, Stories

Tim Berry on business planning, starting and growing your business, and having a life in the meantime.

Own a Business? Need Credit?

Debates, bailouts, federal deficits and all, and here’s a thought about small business: Some small businesses depend on readily available credit; and some don’t.

What kind of businesses are more likely to need credit?

Those who do already know it. I can think of a few:

The New York Times had a story last week, in the middle of the bailout controversy, called Credit Crunch Squeezes Small-Business Owners.

I suspect we’re going to see a lot of that in the days to come.

One response to “Own a Business? Need Credit?”

  1. Credit terms to customers will have to change. Companies will not be able to allow customers to have those nice terms.

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