Credit crunch survey results

In the November newsletter, Online News, we asked readers to respond to a short survey on how the credit crunch and marketing instability are affecting them. Of the 62 responses, more than 47% saw an impact on customer demand during the past 3 months and 75% expect to see an impact during the next six months. Forty-six percent expect to experience reduced access to debt financing and 39% expect to experience reduced access to equity financing over the next six months. Some of the other effects of the credit crunch and market instability on respondents include decreases in revenue, distraction from core business, more resources allocated to accounts receivable, delays in receiving payment on receivables, employee attitude shift to job security over remuneration, and a great deal of uncertainty.