The Fed's rate cuts are a boon for entrepreneurs. How do you plan to take advantage?
Everyone likes falling interest rates, and Federal Reserve Chairman Alan Greenspan obliged us with no fewer than two cuts in short-term interest rates in January, a half-point drop in March and another half point in April. So what's in it for entrepreneurs?
The answer depends on the type of business you run and how deeply your company is leveraged. When the price of money goes down, customers start spending, especially on high-ticket items. So a company selling exotic hardwood flooring might get a few more calls, but a private mailbox service will probably see business proceed as usual.
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