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When Clients Get the Shaft
Jennifer D., the owner of a small, 10-year old management consulting company in New York City, knows the challenges of fizzling relationships with clients, vendors and investors all too well. She spent two years courting a small newspaper company and three years working with the firm—then, earlier this year, under mounting debt, the owner was forced to sell out to a larger operation.
Relationship building is incredibly important for small business owners and entrepreneurs. But the economic downturn has made it much harder to maintain connections when key contacts are forced to leave the companies. It’s a problem that won’t be going away soon—downsizings and restructurings are likely to continue over the next year. What do you do to ride out these relationship changes?…
Signs of the Recession: Safe Bet
Can Bernie Madoff and the Lehman Brothers meltdown be good for business?
Basics Plus, a chain of housewares stores in New York, is making the (tongue in cheek) pitch that your money is safer in a big metal box than in a bank. We could argue with that, but we’re too busy avoiding looking at our 401(k) statements.
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