I know. Tomorrow is July 4th, and this is going to be the least
read issue of the year. Oh, well. At least be glad that you
are reading it, for you will be forewarned of what is to come.
For months and months we have been telling
you that there is scads of money out there, just ripe for the picking.
While this is still true, that pile of money is shrinking.
To no one's real surprise, the US economy
is slipping rapidly. First we heard about the sub-prime mortgage
market falling apart. Then we heard about the building slump.
Now we are hearing about the above-prime market taking a tumble.
Batten down the hatches and get
ready. We're in for a rocky ride.
The good news is that small business cannot
stop completely. There will still be new businesses. The SBA
isn't going out of business. BUT (and this is a big "BUT")
competition for available funding is going to get tougher and tougher.
As a reader of this ezine, and of the
website, you are honestly head and shoulders above others. You know
the tools to use. You know what needs to be in a business plan.
You even know how to plan your business.
Don't give up your dreams. No matter
what, don't give up your dreams. Your business can still be a
reality. Yes, you may have to work a little harder, write a better
business plan, impress a few more lenders. But you can do it. I
promise. We'll be here to help you every step of the way.
|