[Polls] Is the credit crunch affecting your scrapbook business?

As I write this, the Dow Jones Industrial Average is down almost 600 points (5.8%) since the start of trading this morning. Market analysts are saying it is because investors aren’t convinced the $700 billion economic bailout plan will work to loosen up the global credit market and make it easier for businesses to get the credit they need to do business.

The scrapbook industry has always run on credit. Merchandise is created on credit by manufacturers and then bought on credit by retailers. It’s often purchased by end consumers using credit. A credit crunch hits this industry particularly hard because of its number of cash-poor small businesses at every level: manufacturer and retail.

So, that leads us to this week’s poll question: has the credit crunch affected your business?

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[Poll Results] Does your scrapbook business have a disaster plan?

Well, the poll topic of disaster planning was a bit of a disaster itself, with only three votes! Two of the three respondents said they did not have a disaster plan for their business.

Do you have a disaster plan for your scrapbook store or business? (3 votes)

No – 66.7%

Yes – 33.3%

I hope that this poll at least started many of you thinking about how you would handle your business interests in the case of some kind of emergency or disaster befalling your area that affected your business. You may never need those plans, but if you do, you will be very glad you have them.

On a related note…

Thankfully for all of our neighbors in Gulf Coast hurricane territory, Hurricane Gustav is currently coming ashore and the damage seems much less than was feared. However, there are still millions of people who had to evacuate (many of whom are being housed in shelters), and an estimated 1.9 million people currently without power. And while the Gulf coast will be just beginning to start cleaning up from Gustav in the coming days, the southeast coast is already faced with two more potential threats: Hurricane Hanna and Tropical Storm Ike.

The American Red Cross is one of the first resources that is there to help many Americans when they are displaced or left without food & water after a major storm. Please consider donating to their disaster efforts if you can.

The American Red Cross

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CHA Educational Speaker Materials Available Online

If you missed a great session at CHA due to a schedule conflict, or couldn’t attend the show at all, you can still get some of the benefit of the great business seminars that were offered for retailers by accessing the speaker materials for the CHA-Winter 2008 sessions and the CHA-Summer 2008 sessions online.

Not all of the sessions from the 2008 shows have materials available online, but just a few of the available sessions that may be of interest to Scrapbook Update readers include: