Wednesday, June 10, 2009

Chicken or Egg?

Remember when you were just starting out on your own and you couldn't get a credit card? You needed a good (or any) credit history in order to qualify for a card, the companies told you. But without a credit card, how were you supposed to rack up a credit history?

(Yes, I'm dating myself to the "bad old days." College students get credit cards mailed to them before they even leave the nest today - though let's hope that will be changing soon.)

It was one of those catch-22 situations that also face a lot of frustrated entrepreneurs. Read about it in my Smart Answers column this week.

My L.A. Times column answers questions about social networking, intellectual property and buying a recruiting firm.

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