Credit Shortage Threatens Supplier Growth
Detroit Free Press writer Susan Tompor sheds light on the challenges that lie ahead for small to medium sizes businesses, particularly in the manufacturing sector. As analysts proclaim that the recession is over, how do small manufacturing shops access the capital they need to re-set production and re-hire workers? Read the article
What Businesses are Doing to Cut Costs
Cost cutting is a fact of life for many entrepreneurs in today’s economic climate and can be part of a strategy to manage cash flow. However, identifying ways to curb spending doesn’t have to be as painful as it seems. This Kiplinger’s article focuses on how entrepreneurs are cutting costs big and small.
A Business Lesson from Basketball
Derek Mehraban, an entrepreneur and social media guru, shares his insights on how businesses can take a cue from the Michigan State University basketball team in his blog post “MSU Spartan Stimulus Package for Detroit, MI”
His post touches on how creating a winning game plan is a critical component to the success of any company and our region. It is apparent that our current economic climate is creating pent up demand for the innovative products and services small businesses have to offer. Those leaders who invest the time now to re-evaluate their company, adjust their business plan and get creative, will surely be rewarded when the economy bounces back.
Entrepreneurial Do’s and Don’ts
Entrepreneurs are an industrious group. Their relentless curiosity and willingness to take risks often propels them to success. However, no one wants to take risks when it comes to financing their business. The financial landscape can be a confusing place for small business owners looking to establish or grow their business.
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CFA Asset-Based Lending Index Reinforces Important Role of Altenative Lenders
An article released yesterday, “Commercial Finance Association Releases 4th Quarter Asset-Based Lending Index” reinforces the important place asset-based lenders hold in the current economic climate. Alternative sources of lending like factoring and asset-based lending, discussed further in episode #1 of Capital Conversations, is becoming an increasingly viable options for entrepreneurs who are still growing their business in turbulent times. Read the article: http://biz.yahoo.com/prnews/090218/ne72275.html?.v=1
