Small businesses seek financial advice in crisis

By Jessica Stanic · 3 March 2009 · Locked

Small Businesses Struggle to Stay Afloat

As the economic crisis deepens, small businesses are turning to local experts for guidance on insolvency and bankruptcy. But what's driving this sudden need for financial advice, and what does it mean for the future of entrepreneurship?

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Summary

Small businesses are increasingly turning to suburban accounting and legal firms for advice on insolvency and bankruptcy issues as the economic crisis takes hold. A survey conducted by Deloitte of Black Inc. Members (network providing specialist accounting and financial service advice) has found that 80 percent of clients of suburban accounting and legal firms are […]

Tags: Accountant, Bad Debtors, Bankruptcy Issues, Business Cash Flow, Cash Flow Finance, Consumer Sentiment, Economic Crisis, Financial Difficulty