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The Wall Street Journal:
Small businesses finally are getting their own little piece of the federal government’s ballooning bailout package.
U.S. officials announced the federal government as part of a broader package will lend up to $200 billion to institutions that originate consumer loans and business loans backed by the Small Business Administration.
The rationale, Secretary Paulson said […]
The Wall Street Journal:
When gasoline prices shot over $4 a gallon this summer, Americans didn’t wait for Washington to respond with an energy policy. They took action on their own by driving less and switching to more fuel-efficient cars.
The results are dramatic, but also problematic.
The good news is that gasoline consumption has fallen compared with […]
Inside CRM:
It might seem counterintuitive to start a new business when the economy is in the dumps. But a recession can actually be the ideal time for launching a company. In fact, many well-known and successful organizations were born during an economic slump.
The following major corporations made it big during recessions:
Burger King Corp., with its […]
Rhonda Abrams - Gannett News Service:
Like all Americans, we in the small business community congratulate President-elect Barack Obama on your victory and are optimistic about the hope your election brings. Now we’d like to answer your call.
On election night, you set out your vision: “There’s new energy to harness, new jobs to be created, new […]
Get Entrepreneurial:
Have your phones stopped ringing yet? The economy is lagging and dragging. We’ve felt the effects in the United States. Now we’re seeing global implications.
Here are eight “Killer Steps” to Attracting New Business in a Lagging Economy:
1. Broaden Your Perspective
2. Be Nimble and Innovative
3. Dazzle Your Current Customers
4. Prioritize Wisely
5. Become an Expert
6. Stay […]
The New York Times:
These may not be the best of times to start or run a small business, but Christopher Hazlett’s struggle to hang tough through one crisis after another may hold lessons for the legions of entrepreneurs caught between a stumbling economy and crippling credit squeeze.
At the very least, his upbeat attitude should offer […]
Inc.:
It’s no secret to anybody running a small or independent retailer that we’re operating in an unprecedented economic environment.
Right now, it feels like the only thing that we can be certain about is uncertainty.
Credit is extremely tight, and forecasting sales is like throwing a dart. The only bright spot is that gasoline prices have begun […]
The Wall Street Journal:
When Summer Mills visited her local CVS drugstore recently, to save a few dollars she bought the store-brand facial scrub rather than the Olay version she normally uses.
“I thought I’d be able to tell the difference, but I couldn’t — I looked at the ingredients and they seemed almost the same,” says […]
The Wall Street Journal:
The economic downturn is bad for the nearby mall but good for local consignment shops. Sales at these stores have soared since January as cash-strapped consumers look for bargains, income and tax deductions.
“This industry just keeps growing, but especially during slow times,” says Adele R. Meyer, executive director of the 1,000-member National […]
One of the least discussed side effects of the economic downturn is the spare time available to laid off workers. They must fill their day some way and this is the result.
Have a Safe and Spooky Halloween!
Original post by Rich and software by Elliott Back
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