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Showing posts with the label small business lending

The Evolution of Unemployment

In the beginning, there were actual flesh and blood people working in a capacity called “human resources”.   In that capacity, many were tasked with the job of shifting through resumes trying to find the perfect candidate to fill an open position at a company.   As the ability of human resources managers began to fail, business owners started to look for a more precise and less expensive way to handle this issue.   They refused to invest any money into better training for the human resources personnel and thought it best to spend money on a computer software system combined with an outsourced recruiter to accomplish this mission.   The promise was better, more qualified and more able applicants to fill that job.   Their promise would never be delivered upon. What they ended up with was the very same fiasco that has befallen the credit industry.    They ended up with people called recruiters who have no connections to their company and therefore ...

How Americans are failing their Veterans

To a commentator, you hear the same thing. We need to do more to support our veterans but these are only words and much of it are coming from those with very little say or influence on what is needed most.   Many say that they are willing to do whatever it takes to demonstrate how supportive they are to their American veterans but they do not know what to do.   Well this article will detail exactly what you can do, so listen up. This administration has already done a lot to show its support by offering businesses tax credits for hiring veterans, the new GI bill, and increasing funding for the Veteran’s Administration.   These actions displays clearly that there is only so much government can do and the remaining steps needed to take falls outside of their control.   For the Veterans Administration, the rule that established a time frame that restricts veterans from applying and receiving their benefits should be eliminated.   If you served honorably or in a...

How Regulations can keep a Company Profitable

If you listen to the many lawmakers in Washington and in local areas, one would be forced to believe that regulations are the sole reason why the economy collapsed and why it is recovering so slowly.   One would be dead wrong. Regulations can help businesses more than it can hurt it.   There are three major ways how regulations does just that but seldom are these heard because they just might not fit the image many would like for the public to see.   As many of us are very much aware, a falsehood/lie has to dressed up before being paraded around which often times draws our attention while the truth is always plain and clear to see but without the dressing is often ignored. Regulations help businesses by requiring the best possible ingredients be used for any product made in America.   How that helps business is this forces business to use the best possible ingredients and thereby allowing them to claim that high quality mantle.   Americans do not mind p...

Why Disposable Income is Essential to Business

We all know that in order to thrive as a business you need customers but in order to get customers they have to have an avenue to pay for your product.   If customers are to have an avenue to pay for your product, they need to have access to a job.   In order for businesses to hire they need customers to buy their products.   It’s as plain as the nose on your face that in order to make all of this happen the first thing any economy needs to do is to create as many jobs as possible. In business school, we are taught that this is mainly called supply and demand.   You supply the products people want and need to buy but that number is very much related to the demand that is out there for that product.   You may have the best product ever but if the demand is not there, it will not sell.   Customers having disposable income are and always will be the difference between thriving and surviving for any business.   It can be said that disposable income is...

Investor's Quick Pitch

Attention America, we can no longer depend on Washington to make right the wrong that has been done to the 99%’s which is why I make the following offers. Seeking investors of two thousand ($2,000) U.S. Dollars to purchase shares of DARROCLEAN TOOTHPASTE and MOUTHWASH.   DarroClean offers benefits that goes far and beyond that of any other toothpaste and mouthwash on the market and will set the standard for those that follow after.   It is non-toxic eliminating the need for seeking immediate medical attention if swallowed.   Its ingredients are essential to the smooth running of the human body, has anti-tumor and anti-cancer properties and one of its main ingredients have been shown to decrease mortality rates. Seeking investors of twenty thousand ($20,000) U.S. Dollars to purchase shares of SPENT NUCLEAR FUEL ROD CONTAINERS (SPURS).   SPURS houses spent nuclear fuel rods in a gel which eliminates the possibility of radiation leakage and makes them safe for trav...

Quick and Easy way to compose a Business Proposal

For many people, like me, who have so many excellent ideas to not only improve existing products but solve some of this nation’s biggest problems, very few avenues, if any, are available.   Especially if you do not have access to capital or that earth-shattering credit score that many traditional lending institutions would drool over you for. What’s left is the possibility that you will be able to find an angel investor or be able to enter a joint venture with someone who could provide you with the funding you need.   The main issue with that is now you have to prepare a proposal that get’s their attention and to get that you have to pay some company who promises to put together a plan that will deliver only to learn later that this same company prepares their proposal the same for you as they do for everyone else who can afford their services. My solution, do it yourself and take your time with it.   Proof your proposal several times before finding a place to submit it...

High unemployment numbers remain consistently misdiagnosed

Christopher S. Rugaber of the Associated Press penned this article titled Unemployment aid applications stuck at high level, in which he reports “the number of people seeking unemployment benefits hardly changed for a second straight week, stuck at a high level that points to a slowing job market.   Applications had fallen in February to 375,000, a level that signals sustainable job growth.”   The article goes further to explain that “the report suggests that employers have lost some confidence in the economic recovery, said Neil Dutta, an economist at Bank of America Merrill Lynch. He pointed to higher gas prices, the Japan crises that have led to a parts shortage and the inability of Congress to agree on a plan to raise the $14.3 trillion debt ceiling as the main reasons. He expects employers will likely add about 150,000 jobs per month for the next few months, a level that would barely reduce the unemployment rate.”   While I am no expert, I am acutely aware of wh...

Big Banks vampirism in decline

As reported numerous times before, when larger banks seek to control the flow of money they often buy out those smaller than them, change the way that they work, suck out all of the life from them then move on as some large mass of incivility.   Charles Abbott of Reuters News wrote and article titled U.S. closes banks in Georgia and Washington State where he reports that “U.S. authorities closed two small banks in west-central Georgia and one in Washington State on Friday, bringing the number of foreclosures in 2011 to 43.   FDIC Chairman Sheila Bair has said the agency expects the number of failures to fall in 2011.   CertusBank, a subsidiary of Blue Ridge Holdings Inc, bought the Georgia banks. Blue Ridge is led by former Bank of America Corp and Wachovia Corp executives who want to build a regional bank in the U.S. Southeast.   Regulators also closed Summit Bank, of Burlington, Washington, about 50 miles north of Seattle.   The article says that “communi...

Government regulators forces bank to repay homeowners and some are still not happy

The article by Derek Kravitz of the Associated Press Real Estate Writer titled Gov't orders 14 lenders to reimburse homeowners should have been something celebrated by all who read it except maybe those who took advantage of this economic disaster and homeowners.   It brought a smile to my face and I finally felt relieved that the government had finally stepped up and done something but as with all other things, there are always those who can not see the forest for the trees. The article sited these lenders and servicers by reporting that “the federal government on Wednesday ordered 16 of the nation’s largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.   Government regulators also directed the financial firms to hire auditors to determine how many homeowners could have avoided foreclosure in 2009 and 2010.   Citibank, Bank of America, JPMorgan Chase and Wells Fargo, the nation's four largest banks, were among the financial...

JP Morgan CEO playing both sides

There is a quiet war going on in Washington and on Wall Street but it is not your typical war.   This war is not being fought with bullets and bandages but with cell phones and fax machines.   It’s the fight for who can claim the crown of the biggest hypocrite and so far Mr. Jaime Diamond, CEO of JP Morgan might just be leading right now. According to an article by Dave Clarke of Reuters titled   JPMorgan CEO concerned about bank capital rules , Mr. Dimon has many great concerns while also catering to those who believe that everyone needs to share in the burden of restoring our country back to its near-perfect form.   The report says that “ JPMorgan Chase Chief Executive Jamie Dimon warned on Tuesday the new international bank capital standards are excessive and may impede economic growth, "It will stifle economic growth and I already believe it is," said Dimon, who was speaking at the annual spring meeting of the Council of Institutional Investors.”   “In his ...

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Local muffler shop shows how to compete with the larger box store chains.

The bracket which holds up the muffler on her vehicle rusted through and began dragging the ground.   After looking closely, we decided that it would be a good idea to replace the exhaust system.   My fiancée decided to take the vehicle to a couple of places and get an estimate.    The results makes me wonder how the conversation would have gone, had I been the one who took in the vehicle and question if women are still viewed as less educated when it comes to business? In an effort to be fair and forthcoming, I did not retrace her steps with the vehicle and these companies. ·          Midas Muffler- 3012 North Main Street, Rockford, IL 61103 quoted her a fee of $277.00 ·          Mieneke Muffler- 905 West Riverside Blvd, Rockford, IL 61103 quoted her a fee of $372.00 ·          Warshawsky- 4315 South Main Street, Rockford, IL 61101 quoted her a fe...

For Minorities the Obama Administration’s Start-Up Program is a Paper Tiger

I remember arriving in Rockford, IL after being discharged from the U. S. Marines and looking forward to not only re-connecting with my mother and family but feeling a sense of accomplishment having survived service to my country from September 1981 till April 1991.   That feeling was quickly short-lived. The first job I landed was a security gig with a local security company and because the manager was also a former Marine, it was expected that I would fit in quite well especially since all that time In the Marines were as a military policeman.   It all started out pretty good but quickly spoiled when I could not understand why a unit was operating more like individuals.   Having been used to a group of people who may animatedly disagree about nearly everything could still be counted on to stand together and put mission over individual accomplishments.   Thinking that maybe this “esprit-de-corp” was out there somewhere led me on a quest to find it. It became appar...