You are currently browsing the MrBizPlan.com weblog archives for October, 2008.
- Mr BizPlan Says (44)
- December 31, 2008: It Was The Best Of Times, It Was The Worst Of Times
- December 24, 2008: A 2008 Christmas Poem
- November 23, 2008: The Next Great Depression...In High Definition
- October 7, 2008: How the Credit Crisis Affects Small Business
- September 26, 2008: Is Your Brand Awesome? Should it be?
- September 17, 2008: What's going on? From Wall Street to Main Street.
- September 2, 2008: The Universe of Opportunities
- August 7, 2008: Rags to Riches...Anecdotally Speaking
- June 30, 2008: Building Quality Financial Projections
- June 16, 2008: "The Only Thing We Have To Fear..."
Archive for October 2008
How the Credit Crisis Affects Small Business
October 7, 2008 by mrbizplan.
The big media is talking about big dollars, big companies, and big bailout packages. Sub-prime mortgage backed securities, money market mutual fund savings, and now commercial paper have all been at the center of the conversation of the current credit crisis in the US and, in recent days, worldwide.
To some, the credit crisis is a very real and immediate danger directly affecting their day to day work life and personal life. But, to others it seems like a distant war being fought by some other society. And, like any war on an abstract concept it is difficult to determine what affect any action has on “the market”.
But what about small business? At its most basic “cause and effect” form, the credit crisis has had several immediate effects on small business:
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