by Steve Strauss on September 9th, 2009
Q: Fall always feels like the new year to me with the kids going back to school and all. Do you think this year will be better than last?
Emile
A: It couldn’t be much worse, could it? Like many others, I do indeed see things continuing to improve as this calendar year winds down, and getting better next year especially.
I think the real question is – what are you going to do to make it better?
By now, you know the drill. I don’t need to tell you to work smarter, or market more, or increase your networking,... Read more »
by Barbara Weltman on August 26th, 2009
What happens to you if you’re owed money? What if they file for bankruptcy? What legal protections do you have and what action must you take? Find out what steps to take and how to avoid problems.
Some companies are closing their doors, some consumers are filing for bankruptcy protection, and many small businesses that sell on credit are concerned about receiving payment—for good reason.
Understanding bankruptcy
If a company or person files for bankruptcy protection, most unsecured creditors stand at the back of the line; they’re lucky to receive pennies on the dollar. Some creditors may gain special status... Read more »
by Steve Strauss on August 10th, 2009
Q: What is the best way to get out of my business? Long story short, I am a self-employed graphic designer. Business has slowed to a crawl, the bills have piled up, and my credit cards are getting ready to sue me. Please help.
Mark
A: I suppose it is not surprising that I am getting more and more questions like this every day. It used to be that small businesses were better able to handle a recession because other avenues were available to help keep things afloat – home equity, credit cards, SBA loans, etc.
Sadly, those options have... Read more »