Scott Shane has now a few suggestions on what can entrepreneurs do to deal with the credit crisis. And I love his first point on there about extending less credit which will in fact teach teach consumers to buy only what they can afford.
Well his suggestions are:
- Extend less credit to your customers
- Borrow from different sources
- Bootstrap or Raise equity
- Cut your costs
- Sell your assets
Check out the details of each key point mentioned above in his article at Small Business Trends.
Posted by Rose Anderson 