
The year 2008 was a rotten one for the banking business. What began as a “mortgage crisis” mushroomed into a full-blown, across-the-board “credit crisis.” This has led to banks pulling back on all types of credit, but an even greater pullback on one of the riskiest types…

Marketing in 2008 became decidedly social — and 2009 will see the social elements of marketing accelerate. Social media went from being on the cutting edge, to approaching the mainstream. When I say “social” I mean marketing driven by word-of-mouth relationships.
As you go through…

The 2009 economics for pet-related small businesses will be dominated by the impact of the recession on consumer spending and attitudes. It has long been thought that pet-related spending is recession proof; however, we believe this assertion will be tested in 2009.
The trend will be toward value…

There’s not much good news to report on the financial front as we move into 2009. Layoffs are occurring at breakneck speed and “out of business” signs are in high demand for many small business owners.
Overall, the landscape is different than it has been for a long time, but…

Every year two things happen in the world of technology overall and especially in the world of small businesses.
1. Technology remains the same (cell phones, computers, web browsers – ho hum)
2. Technology evolves and gets better (think iPhone, Netbooks, Google’s Chrome – match…

Microbusinesses — firms with fewer than 5 employees — face a difficult environment coming into 2009 and it will be harder for them to navigate than the 2002-2003 downturn. The economy will be the story for most of us during the next twelve months. The basic trend – no surprise…

Two words will be dominating the franchise landscape for 2009: cautious optimism. Here’s why:
Marketplace Fear
The gyrations of the stock market during the last quarter of 2008 have left many investors skittish. This skittishness trickles down to the financially successful 45-55 year…

Loss of jobs. Difficulty maintaining our standard of living. We’re in a worldwide global recession.
We’ve seen financial markets collapse, mortgage lenders go under, home loss through foreclosures, extreme bailout packages, and growing unemployment.
While it’s true that the…

The year 2009 will be a difficult one for small business finance. We’re in the midst of a recession that looks to rival, if not beat, the recession of 1980-1982 as the worst since the Great Depression.
While I’d like to make some rosy predictions about small business finance in the…