| Challenges for the Closely Held Business | | Print | |
| Written by Frank G. Goldman |
| Monday, 25 August 2008 17:10 |
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Today's economy is the most challenging of my lifetime. Few eras have experienced the combination of high unemployment, tight credit and repressed cash flow that we are seeing today. Banks aren't lending; formerly good customers aren't paying on time; and new customers are increasingly hard to find. Despite the economic slowdown, costs in certain sectors (healthcare) continue to rise. While I can't solve these problems, I am hoping that this blog can serve as a forum to assist with surviving these difficult times. Going forward, please check for updates relaying tips I have for the small business leader for surviving turbulent times. I also may reflect (rant?) on those aspects of current events that significantly impact the closely-held business and its owners, concentrating on legal issues that may not be immediately apparent to those not practicing law. I hope to update the blog at least weekly, so check back periodically. Feel free to contribute your ideas. I welcome input from those who have survived the wars. We can learn from each other as we try to guide our businesses in these tough times. FGG |
| Last Updated on Friday, 13 March 2009 21:13 |