Grow your business responsibly
In this post-credit-crunch world, borrowing has almost become a dirty word, but borrowing to grow your business can still be an effective strategy. With the headlines full of gloom, small business owners could be forgiven for lying low and taking an as little risk as possible. Yet there are also good arguments for growing your business during a downturn. Tougher economic conditions have one beneficial side effect: they tend to clear the deadwood from the marketplace. Marginal operators who might have scraped by when everyone was spending suddenly find … more »
