Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > General Finance

Reply
 
Thread Tools Display Modes
  #1  
Old 07-28-2008, 03:13 PM
investor investor is offline
Junior Member
 
Join Date: Jul 2008
Posts: 29
Default small business and the credit crunch

Have some of you who have a small business suffered from the credit crunch. I mean do you have any negative experiences, do you have less clients, do you have less profits...
Reply With Quote
  #2  
Old 07-28-2008, 06:19 PM
Jason Jason is offline
Member
 
Join Date: Jul 2008
Posts: 64
Default

I'm a small business owner, and I can definitely tell that the things turned for the bad since the beginning of 2007. I had much more business in 2006, but unfortunately these times are gone at least for now.

My business hasn't been affected directly by the credit crunch, as my business doesn't need any financing at this point, but my customers and the Canadian economy have obviously been affected negatively.
Reply With Quote
  #3  
Old 07-30-2008, 02:52 PM
ggonzo ggonzo is offline
Junior Member
 
Join Date: Jul 2008
Posts: 29
Default

I have a friend who has small business - he paints people's houses for living. He says the business is slower than last year.
__________________
have a good day
Reply With Quote
  #4  
Old 07-30-2008, 04:34 PM
Jason Jason is offline
Member
 
Join Date: Jul 2008
Posts: 64
Default

I've talked to 2 of my friends who have their own businesses, and they are not happy about where the things are going either. One of them is a software contractor; the other one has a small franchise.
Reply With Quote
  #5  
Old 07-31-2008, 02:47 PM
Steven Steven is offline
Senior Member
 
Join Date: Jul 2008
Posts: 139
Default

I don' think things are that bad. After the financial crisis abates everything will be back to normal - business like usual. Of course the financial crisis can last a few more months, until all the losses are fully written off, but sooner or later the economy will pick up again.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 10:11 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2018, vBulletin Solutions, Inc.