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Article: Weathering the Storm; Many small business clients are in dire straits, but proactive planners can offer strategies to fortify them against the economic tempest.(The Client)
- Article from:
- Financial Planning
- Article date:
- October 1, 2008
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeanne Lee
These days, mall business clients are suffering in two ways. After pouring blood, sweat and tears into their enterprises for decades, they're worrying about shrinking revenues and finding enough operating capital to survive this tough economic climate.
At the same time, business owners feel the pain in their personal retirement accounts. Should they take what money is left to pay business bills? As a financial advisor, you can offer strategies to help business owners cope.
Reach out
Often, financial advisors become "phone-reluctant" when there is no good news to share. Experts warn planners against developing this ...