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Grant Thornton Offers New Guide on Credit Crunch Oct. 13, 2008 (SmartPros) The credit crunch is rapidly making its way from Wall Street to Main Street and squeezing businesses across a wide swath of industries. Reduced lending by banks compounds a recessionary environment of slowing growth and weakening demand. While some geographies and industries are proving more resilient than others, Grant Thornton LLP has some advice on proactive steps companies can take to prepare for potentially challenging days ahead. Grant Thornton recently published The Credit Crunch: a Practical Guide, which aims to provide highlights of recent financial events and an assessment of how these events affect typical businesses. In addition, the guide has a 10-point checklist of fundamental, proactive steps that companies should consider as they navigate this difficult time. Some of the suggestions include:
The guide also has a simple Q&A to help companies determine whether their business, suppliers or customers might be at risk of financial distress. To obtain a copy of The Credit Crunch: a Practical Guide, please visit www.GrantThornton.com/crunch 2008 SmartPros. All Rights Reserved. |
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