Trade Lead: New Service Business

With so many stores closing, extra caution must be taken when extending credit to customers. Even governments can fail to pay, and if they go bankrupt, you are unlikely to collect your receivables. Ratings agencies failed miserably leading up to the 2008 econ debacle, largely because they had lost their relatively free market standing back in 1975 as part of the NRSRO efforts of the SEC. (When people claim free markets and deregulation caused the 2008 econ debacle, they either ill-define free market or ignore the fact that regulations were different, not eliminated - and I would say made different for the express political purpose of rewarding groups different than were rewarded under the other regulations.)

At any rate, the chaos continues unabated, and there is money to be made. The key factor determining which customers will make it or not is whether they can service what debt they have with reduced income. This takes time. Checking credit gets dicier now since so many people are finding themselves in trouble quickly, so a traditional credit check may show no problems. It takes time to check into the debt status of potential customers. If someone could devise and quick and easy way of determining this at the small business level, (Dun & Bradstreet is not effective at our level, I think there would be a strong market in these times.)

Actually, Dun & Bradstreet would be good to study since its genesis is in precisely the chaos from government intervention of the markets that occurred in the 1800's and adjustments made in the other depression of 1930.

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