At the beginning of August 2008 I spoke to a small business owner on his problems emanating from the present credit squeeze. His problems centred around the following issues:

He was running out of cash, because he was taking too much out of the business.
He was using his business credit card for his personal expenses.
He was two months in arrear with his lease rental payments.
He was now in the position that at the end of August he only had enough money to pay his staff or VAT-he could only pay one. I wonder how many small business owners who are or have been in the same position.To read this full article online, click http://www.sabusinesshub.co.za/section/content.php?SectionId=4&SubsectionId=12&ContentId=1771

It is still early days, but he is surviving. I believe he has learnt from the hard school of life and will do well, but I don’t wish it on anyone.