Comments on: Strategies to Survive During a Recession http://www.smbtrendwire.com/2008/06/05/strategies-to-survive-during-a-recession/ Small Business Trends Radio features interviews and open discussions with today's small business experts on a variety of topics. Guests include a mix of influential individuals who speak on issues of the day important to the small business market; and business owners who speak from a \"been there, done that\" point of view, offering insider tips and advice.Small Business Trends Radio is broadcast LIVE every Tuesday from 1:30 PM until 2PM EST. Sat, 11 Feb 2012 02:32:14 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Ilya Bodner http://www.smbtrendwire.com/2008/06/05/strategies-to-survive-during-a-recession/comment-page-1/#comment-104984 Ilya Bodner Fri, 13 Jun 2008 13:12:51 +0000 http://www.smbtrendwire.com/2008/06/05/strategies-to-survive-during-a-recession/#comment-104984 Such owners may consider getting business credit. A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own. Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information. Good luck, Ilya Bodner Small Business Owner Initial Underwriting Group Such owners may consider getting business credit. A true business credit card is a line of credit that is taken in the name of the business, under the business’ credit. Activity, whether good or bad, is reflected on your business’ credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer “business” credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts – you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business’ credit, while avoiding creating problems with your own.

Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for “strong business credit” (just like that in quotes) to find services that sell the information.

Good luck,

Ilya Bodner
Small Business Owner
Initial Underwriting Group

]]> By: Martin Lindeskog http://www.smbtrendwire.com/2008/06/05/strategies-to-survive-during-a-recession/comment-page-1/#comment-104659 Martin Lindeskog Mon, 09 Jun 2008 10:32:09 +0000 http://www.smbtrendwire.com/2008/06/05/strategies-to-survive-during-a-recession/#comment-104659 Chris, The gas prices in Sweden is at least double so much as in America. I am waiting for real electrical cars to enter the market. Chris,

The gas prices in Sweden is at least double so much as in America. I am waiting for real electrical cars to enter the market.

]]> By: Chris http://www.smbtrendwire.com/2008/06/05/strategies-to-survive-during-a-recession/comment-page-1/#comment-104489 Chris Fri, 06 Jun 2008 16:43:49 +0000 http://www.smbtrendwire.com/2008/06/05/strategies-to-survive-during-a-recession/#comment-104489 Making gutsy moves is a risk that sometimes pays off. And when times are tough. . .what have you got to loose? That's how I look at it anyway. Change is growth and growth is good. And based on David's provided indicator of a recession - I'd have to say that the U.S. is in one right now - or headed for one. Agree? Disagree? (And I can't help but think about last week as I write this, when I ended up at the pump shelling out $3.99/gallon - boy that hurt.) Making gutsy moves is a risk that sometimes pays off. And when times are tough. . .what have you got to loose? That’s how I look at it anyway. Change is growth and growth is good. And based on David’s provided indicator of a recession – I’d have to say that the U.S. is in one right now – or headed for one. Agree? Disagree? (And I can’t help but think about last week as I write this, when I ended up at the pump shelling out $3.99/gallon – boy that hurt.)

]]> By: Amanda http://www.smbtrendwire.com/2008/06/05/strategies-to-survive-during-a-recession/comment-page-1/#comment-104485 Amanda Fri, 06 Jun 2008 14:14:55 +0000 http://www.smbtrendwire.com/2008/06/05/strategies-to-survive-during-a-recession/#comment-104485 It's sad to hear that consumer confidence is at a 20 year low. David offered some really good strategies and tips for recession. I do believe that internet sales will only increase as more consumers stay home because of gas prices. Any internet stores offering free shipping are bound to increase online sales. It’s sad to hear that consumer confidence is at a 20 year low. David offered some really good strategies and tips for recession. I do believe that internet sales will only increase as more consumers stay home because of gas prices. Any internet stores offering free shipping are bound to increase online sales.

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