← 7 Steps for Small Business Success

small-biz-success-620×480

By Elayne Fluker | Published August 23, 2011 | Full size is 620 × 481 pixels

Whether you want to call it a recession or a slow recovery is irrelevant. As long as the unemployment rate remains at its current levels, corporations and consumers will be reluctant to spend. For entrepreneurs looking to do business with large corporations in this environment, it's critical that they understand the need to increase their financial literacy---for example, knowing when and how to use equity, versus debt. James H. Lowry, a senior counselor at Boston Consulting Group, a global management consulting firm, also offers the following seven pieces of advice.---Alan Hughes

Whether you want to call it a recession or a slow recovery is irrelevant. As…