Managing Your Business Credit and Cash Flow in a Down Market
As if we didn’t know it, the New York Times wrote today,
“Banks struggling to recover from multibillion-dollar losses on real estate are curtailing loans to American businesses, depriving even healthy companies of money for expansion and hiring.”
Yep, tough times. We all are well aware of the fact that everyone’s getting more conservative including customers, vendors and financiers, and that puts a pinch on our businesses.
That’s why it’s more important than ever to make sure you’re doing everything possible to manager your business credit and cash flow.
Along these lines, tomorrow at 2p Eastern (11a Pacific), I’m moderating a Wells Fargo Small Business Webcast that will be attended by thousand of existing and start-up business owners who want to ensure that they’re covering all the bases when it comes to strengthening their business credit and perfecting their cash flow strategies.
The webcast is free and will feature a panel discussion with leading financial industry insiders and business owners. The Wells Fargo Small Business Webcast Sound Credit Practices for Your Business provides the definitive overview of what you need to know, why you need to know it, and specific strategies you can put to work right away no matter what the stage of your business is or what the standing of your business credit may be.
Registration for this webcast is now available at www.wellsfargo.com/biz/webcast.
Featured Panelists:
- Michael Billeci, Regional President, Greater Bay Area Region, Wells Fargo
- Scott Anderson, Ph.D. Senior Economist, Wells Fargo
- Gerri Detweiler, Co-founder, BusinessCreditSuccess, and author of great articles on this topic at StartupNation
- Jerry L. Mills, CPA, Founder and CEO, B2B CFO
- Sharon Evans, President and CEO, The Business Resource Group
This market is no “kid’s stuff,” folks. Get as smart as you can to be as resilient as possible in spite of the environment around you. Be sure to tune in.
Rich
August 13th, 2008 at 11:43 am
Taxes can be a huge problem to manage in a down market. In the Small Business Association of Michigan’s latest Barometer survey of Michigan small business owners, only 8% of respondents rated the fairness of the tax system positively. Since 1994, positive ratings had mostly stayed above 10%. However, the past few waves indicate a more downward shift. In the last wave, negative ratings had risen to their highest level (46%).
February 20th, 2009 at 12:48 pm
I found a line of credit for my son’s new buisness. he details cars and he was able to get 35,000 from equsion. they sent him to a lender that ready and willing to lend to even a small guy like him.