The Ultimate Business Tune-up for Times Like These
Posted Friday, January 30th, 2009In a tough economy with credit extremely tight, big investments are not an option for most companies. Yet no business can afford to stand
still. We asked our favorite entrepreneurs for the tips and tricks they have used to pilot their businesses through difficult times. The result: 23 things you can do right now to energize your employees, wow your customers, and get your business back on track. Read more:
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for a bank credit line because he was concerned about the tottering economy. Klein says he approached a handful of large banks about his healthy, $9 million, 100-employee cleaning services company. He initially garnered interest, but soon found himself lost in bureaucratic shuffles. As talks continued, Klein became frustrated with the length of time it took to receive term sheets. When they did arrive, he found most of the terms “vague and unfavorable,” and he had difficulty reaching bank staff. As the economy continued to crater, Klein decided he didn’t want to do business with a bank that not only had poor customer service but one that might also be saddled with toxic assets.