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How to Manage Your Small Business Out of the Credit Crisis |
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by Holly Reynolds |
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Since the onset of the economic crisis, lenders have made significant cuts in credit and have actually begun rejecting loans requested by successful businesses. This crunch on capital has affected the stability and success of many small manufacturers and retailers. However, the credit crisis has also encouraged small businesses to focus on ways to maintain and even enhance their stability during difficult times.
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Lessons from the Auto Industry Collapse |
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by Jason Bruderlin |
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There are moments when it seems like the entire U.S. auto industry is collapsing in slow motion. The process is so full of uncertainty and real pain that a cold, rational analysis of the implications for small manufacturers may seem beside the point. But as the shockwave of Chrysler’s and GM’s bankruptcies reverberates through the second, third and fourth tier of suppliers, there are important lessons to be learned for the future, particularly concerning what sort of economic bets make the most sense for twenty-first century manufacturing companies.
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