2 of 7
Hard times getting harder
Hard times getting harder
Siobhan Westapher, third from the right, with her staff.
Siobhan Westapher
President, Independent Artists
Dallas, Texas

I have been profitable and responsible for 19 years. This month, 60% of my orders have been cancelled.

This will be the first time I have to lay off staff. Many of them have been employed with 100% health benefits and a good income for over 10 years. They work hard and I feel awful I will not be able to keep them. This has been the most difficult period for small business I have ever witnessed.

NEXT: Less sales, less staff

LAST UPDATE: Jan 29 2009 | 2:34 PM ET
Sponsored by
More Galleries
Commuting is getting easier. Here's why The MobiPrize, conducted by SMART at the University of Michigan, recognizes innovation in global transportation. From microcars to auto rickshaws, these six startups are some of the standouts. More
A sampling of beers being made with traditional Latin flavors A small but growing number of craft breweries are including passion fruit, Mexican cinnamon and other traditional Latin flavors. More
Banks won't lend? Use these guys instead Banks often have exhaustive approval processes, high minimums, and flawless credit requirements. But there's a wealth of non-bank alternatives for those who need capital fast. Here are some of the leaders. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.