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Starting A Small Business In Tough Economic Times

Starting A Small Business In Tough Economic Times
Friday, June 18,2010 08:58 PM
Starting a small business is hard work. In a tough economy, it can be even harder. This is partly because when credit markets are tight, it can be tough to get startup financing. Even business credit cards are hard to qualify for these days. That's why it's crucial for small business owners to hone their business plans. In other words, if you want a slice of the financing pie, you had better work your cash projections really hard and know your bottom line down to the penny - how much money you need to put into the business, how much you will need to charge to meet your operating costs and, hopefully, what you need to do to realize a profit.

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