Rated E
The Fed's rate cuts are a boon for entrepreneurs. How do you plan to take advantage?
Everyone likes falling interest rates, and Federal ReserveChairman Alan Greenspan obliged us with no fewer than two cuts inshort-term interest rates in January, a half-point drop in Marchand another half point in April. So what's in it forentrepreneurs?
The answer depends on the type of business you run and howdeeply your company is leveraged. When the price of money goesdown, customers start spending, especially on high-ticket items. Soa company selling exotic hardwood flooring might get a few morecalls, but a private mailbox service will probably see businessproceed as usual.
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
This Co-Founder Was Kicked Out of Retailers for Pitching a 'Taboo' Beauty Product. Now, Her Multi-Million-Dollar Company Sells It for More Than $20 an Ounce.
-
Have You Ever Obsessed Over 'What If'? According to Scientists, You Don't Actually Know What Would Have Fixed Everything.
-
After He Was Fired From the UFC, This Former Fighter Turned His Passion Into a Thriving Business
-
Most People Don't Know These 2 Things Are Resume Red Flags. A Career Expert Reveals How to Work Around Them.
-
How One Woman Turned Pandemic-Induced Boredom and a Makeshift Garage Art Studio Into a Thriving Franchise
-
Use These 4 Self-Care Rituals for More Resilience and Less Depletion
-
Shark Tank's Barbara Corcoran Wants to Invest in 'Someone Who Probably Needs a Good Shrink Instead of a Business'