Posted by & filed under Part 2 Starting and Growing Your Business.

Description: IN the glory days of the digital photo frame business, when his products were still a novelty and shoppers were flush with cash, getting a bank loan to manufacture them was a cinch, Michael Levy says.

Source: NYTimes.com

Date: 01/30/2010

Link: http://www.nytimes.com/2010/01/31/business/smallbusiness/31order.html?ref=business

Questions for discussion:

  • Summarize the problems facing small businesses since the financial crisis hit?
  • What alternatives are small business owners employing as a result of the credit freeze?
  • What are the possible consequences of these changes?
  • Do you believe they are permanent or will borrowing practices return to what they were before eventually?

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