Never has this statement been more true than it is today for many American businesses. The world credit crisis that began in mid-2007 has caused the global credit markets to contract and US banks to become much more restrictive in their lending.
Over the years, I have started many successful companies, and I am impassioned about the growth of American small business. Particularly in this economy, entreprenuers have to be creative to be successful. While there is a restricted access to capital from traditional forms of financing, in this credit crisis, there is significant opportunity for B2B sellers to grow their businesses by granting to their buyers more credit on more flexible terms. At the same time sellers are growing their businesses, they are building relationships with buyers that can be an enduring competitive advantage for years to come.
I started this blog to explore the many benefits of outsourcing trade credit, and I look forward to discussing alternative sources of financing with you.