by Steve Strauss on May 7th, 2009
Q: I am pretty sure that I will lose my job. I don’t want to start a business from scratch, so what do you think of buying a pre-existing business? And if that is a good idea, like I think it is, what are the possibilities of getting the owner to finance the purchase? My credit isn’t great.
Mike
A: As a general rule, buying a business can be a very good idea, but as with everything else in this economy, to make sure it will be a successful venture, you have to proceed with caution and do your due... Read more »
by Steve Strauss on November 27th, 2008
Q: Steve, it is no secret that credit and money are still tight, but what is a secret is where small business should go now. My line of credit has dried up last month and I am at a loss. What are our options?
Michael
A: The good news is that there still are options out there, it’s just that if you want to find the money to start or expand your business, you may need to look in new places and be more creative.
The era of ‘easy credit’ is over, that’s for sure.
In fact, according to Senator... Read more »
by Danny Brown on November 15th, 2007
One of the key areas for any sized business is having a product or service to sell – after all, without this, where will you get your customers? This is why arranging credit with wholesale suppliers is so important, especially for smaller businesses. With credit in place, you can concentrate more on how best to service your customers, with the knowledge you have a line of credit with your wholesale suppliers for your goods.
Yet arranging credit with wholesale suppliers can be difficult if you’re unsure of the process or if this is your first start-up business. Thankfully, there are... Read more »