What can Entrepreneurs do to Deal with the Credit Crisis?

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:

  1. Extend less credit to your customers
  2. Borrow from different sources
  3. Bootstrap or Raise equity
  4. Cut your costs
  5. Sell your assets

Check out the details of each key point mentioned above in his article at Small Business Trends.

One Response to “What can Entrepreneurs do to Deal with the Credit Crisis?”

  1. Dan Says:

    If you would like a tool to manage your small business activities and Projects, you can use this web aplication:

    http://www.Gtdagenda.com

    You can use it to manage and prioritize your Goals (for business but also in other areas of your life), Projects and Tasks. It has a Checklists section, for the routines and repetitive activities that any business has to do. Also, it features a Schedules section and a Calendar, for scheduling you time and activities.

    Some features from GTD are also present, like Contexts and Next Actions.

    And it’s available on the mobile phone too, so you can access it from anywhere.

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