Hi There! Welcome Back. I Appreciate You Being Here…If You Havn’t Already, Make Sure You Subscribe To My Free Newsletter To Get My Blog Posts, And Updates Delivered Straight To Your Email Inbox From Now On! In the Industrial Age the ticket for success was to go to school, get good grades, and find a [...]
So, What do you want from me? That pretty much sums up the purpose of todays video. Click play below to see what I mean… DO NOT leave this post without commenting. If you do, I will make up a lie about you and send it to my list of over 30,ooo people. Just Sayin… [...]
The end of the year is not far away, and if you wait to do your 2010 planning you will start off the New Year a month behind. Here is a great article that I found on MSNBC.com titled: “Resolve to advance your career in 2009” Update your resume, focus on your goals and increase [...]
The SIPC is often compared to the Federal Deposit Insurance Corporation (FDIC). The two organizations are actually quite different, due to distinctions between the types of finances that the cover. The FDIC reimburses clients of failed banks for up to $100,000 US (USD), with the understanding that the depositors put their funds into the bank in good faith, and that they cannot afford to lose the money. The SIPC is specifically designed to protect investors from unscrupulous brokers. If someone is sold a worthless stock or the value of their stock declines, the SIPC will not protect them. If a broker steals funds from a client, the SIPC will provide reimbursement.
The FDIC Deposit Insurance Fund started 2008 with $53 billion. By March 31st of this year it had dwindled to approximately $13 billion. But there have been 56 bank and savings and loan failures since then. In fact, there were five bank failures last Friday.
So, how much is left of the Deposit Insurance Fund? A report published by Saxo Bank Research two days before the Colonial failure suggested that the DIF was down to $648.1 million. Colonial is expected to take a $2.8 billion bite out of the fund. And Community Bank of Nevada, which also failed on Friday, took a $781 million slice from the pie.
If that’s true, it means the FDIC insurance fund is technically bankrupt. But FDIC Chairman, Sheila Bair says it’s nothing to worry about. “The FDIC’s guarantee is as certain as ever,” she says. “Our industry-funded reserves have covered all losses to date.”
Small businesses are the engine of the economy, and when the economy sputters they often feel it first. In the current climate of uncertainty, many small businesses have cut expenses to the bone and tried to make their operations as lean and efficient as possible.
But even if a small business owner can’t control the marketplace, he or she can take steps to protect their key assets: the people the business relies upon.
When was the last time you met with your team of professionals to help you with a key business decision? If you’re like many independent business owners, you may be thinking “What team of professionals?” As a business owner, you probably handle the running of the business yourself. Still, it is possible to run a business more efficiently and profitably by utilizing a team of professionals who can consult and guide you in the management of your company. The trick is to seek out team members for the long term –– to build relationships with professionals who will understand your situations and needs on an ongoing basis. Special bonus: Many of these professionals are also independent business owners just like you.
