by KawikaChann

Created on: October 03, 2008   Last Updated: October 07, 2008

With the current economic plunges our country has undergone, it will be near impossible to accomplish the task of qualifying for a business loan. If your business is fairly new, and you don't have an existing relationship with your banker, it will be tough just to get an appointment.

There is so much bad debt going on in our country, failed loans, its a foreclosure buffet... I mean, we look to our government which is an xray of middle class America, struggling with a deficit that only God can pay back. We are stuck in a conundrum of term conscious politicians that balk at the thought of being reputed as the 'one' that asked Americans to start paying it back. Only thing is, our country is like the other half of middle class America, where it has the nice home, the nice car, and private school for the kids, but miss one paycheck, and the house of cards collapses. There are so many families that are one paycheck away from being homeless, it's all I can do not to gaffaw myself straight to a Rush Limbaugh broadcast. Ughnn. We find ourselves in a familiar financial position that we were in decades ago; the only money the banks is giving money to is the people with money that don't need it.

So, we clear the desk, erase the easel boards, loosen our ties, roll up our sleeves call your spouses because it's going to be a long night, and order out for - wait a minute, we can't afford that, we better make it some burnt coffee and sponge cake from CostCo. While you're at it, your easel board might be more of a clip board, tie - what tie, and well, your desk has so much piles of paperwork on it that you're better off throwing a plywood over a couple of horses. Don't feel bad if thats you, that's exactly how I started. Anyway, a 4 x 8 sized desk is awesome, you have no limitations, and you have enough room for everyone to gather round and participate.

Consumer confidence is low, and you should know exactly where you stand as far as the pecking order of your clientel's buying habits. Depending on what type of business you're in, will decided how you fare during this economic storm. We need to get back to the basics, and no matter what report card you're holding after your accountants have been through your books, you need to take a fresh look at your business.

First things first, if you're in a hole, stop digging. Get the "BIG" scissors out, because we need to make a few cuts. I'm not going to lecture you on what your biggest controllable expenses are, but I will remind you if

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