America is known around the world for being “The Land of Opportunity”!
The Texas Tenors - Entrepreneural Success Story In America!
We are very proud of our heritage! It comes from our country’s Constitution…establishing America as the home of the free and the land of the brave! We enjoy liberty and freedom and have the mindset that anything is possible. I would like to introduce you to three of America’s entrepreneurs who in 2009 were struggling to pay the bills and one was jobless. They saw a talent contest advertised on “America’s Got Talent” and decided to form a singing trio and enter this contest.This is a story of the winners of that contest and a $1 Million Prize as well. Please meet the…
The Texas Tenors
From Wikipedia, the free encyclopedia
The Texas Tenors is a classical crossover trio vocal group formed in 2009 by country music singer JC Fisher, pop singer Marcus Collins and opera singer John Hagen. They were a top four finalist in the fourth season of America’s Got Talent making them the highest ranking vocal group in the show’s history. As of 2013 the group has performed more than 600 shows in over 20 countries including Great Britain and China. They can be seen in Branson, MO where they were named the Critic’s Choice Group of the Year for 2011, Best Vocal Group of the Year for 2012, and the Best Legacy Group for 2013. The trio has also filmed a PBS special, performing songs from their second album “You Should Dream”, which first aired nationwide in November 2013. The Texas Tenors partner with several charity organizations including Homes For Our Troops and ChildFund.
Life is wonderful! So precious! And so is music! Each of us appreciate different music just as we like different food and drink. I would like to share with you some of the wonderful music that I enjoy…by incredible performers…in my opinion…I hope that you enjoy!
How do you answer that question? There must be many answers that you have. This is not a question to get into your personal life about your spouse or partner…or with your kids…or with your family members…or with your neighbors or friends…that is absolutely your personal business and I will not go there. What I am asking you is a fundamental basic question about how your BUSINESS and INCOME LIFE is proceeding.
Are You Happy With Your Business and Income life?
I am writing to connect in this blog with those who can usually earn $30,000 to $100,000+ when they have the opportunity. And I qualify this by saying “usually earn” because these are not usual times. Our economy and country are upside down in my humble opinion…and we have nothing that even resembles “usual opportunity”. I am sure that Jack and George and Sue and Kim and Robert will not all say yes to the question “I am happy” with my business life. More than likely all of these are thinking of some ways to do something about it.
And with that backdrop…let me get to my points about “Are You Happy In Your Business Life?”
My first question to you is…”are you (and your spouse or partner) earning enough income to set aside all of the pieces of money” that 1) buys the groceries, 2) pays the mortgage or rent, 3) pays the utility bills, 4) pays for all the protection risks that you have, 5) pays for the automobile(s), 6 ) buys the gas at whatever prices the Far East decides you should pay…(seems to me that we should have a major say in what we pay), 6) pays for your kids education now or sets aside money for future education (if you should be fortunate enough to have any), 7) allows for your family vacations, 8) provides for personal and family nights out to enjoy life, and most importantly 9) you have a cash reserve of 3-6 months of necessary expenses…most people have a hard time with this one…it is so important to financial independence.
If you cannot answer yes to all of the above questions. and your answers concern you, then you really need to consider effective options as to how you can “be happy with your answers”.
We have so many millions of people that are in need of the “American Dream” solutions that we once knew…then I ask you personally and individually to get in contact with me to talk about your future. I have tremendous respect for our veterans and those who have given so much of themselves for our country. It would really be wonderful to hear from any of you.
Could multiple income streams bring you financial independence?
First let me explain what I mean by multiple income streams. Let’s say that you are employed and for example that your employer pays you weekly with a pay check of $700 take home pay. This would be your first income stream. Now suppose that with your spare time someone could show you how you could develop three more extra streams of income over time and that you get paid twice each month for each of those income streams. Over time, these three extra income streams have the potential to grow. On the other hand, your employer is under extreme government regulation and pressures and may have to cut your work week to less than 30 hours or to lay you off in order to get his number of employees under 50 to avoid health care cost penalties. So the bottom line is that your $700 weekly net income is at some risk where if you had three extra income streams you have the opportunity of growing them, and under a worst case scenario, you could fall back on those extra streams to help you pay for your basic needs. Who knows, you may be able to develop your extra income streams to exceed that of your employment income. How great would that be? What could you do then? Personally, I call it the first major step in achieving financial independence!
Or you could be totally without any income right now and need to get started earning money fast…in that case you need to call me as soon as you finish reading this…
Let’s say the first of these three extra income streams is that of representing a product or service that many people need and want and some of those that you tell about it elect to buy the product and you can within a reasonable time make an average of $500 per month. The second income stream is also that of representing another related product or service that many people need and want and some of those that you tell about it elect to buy the product and you can make on average $400 per month. This is the same approach as the first extra income stream.
Now for the third income stream you decide that you want to create a 24/7 internet business that works for you while you are away. Let’s say that this third income stream provides you with an Attraction Marketing system that shows you how to construct a Blog on which you could build a presence, develop a following, and offer something of value to customers that shares your unique knowledge and expertise. Let’s say after six months you are realizing an income of some $1,500 per month from the results of your marketing plan and your Blog and related marketing efforts. Of course six months is a just a beginning and opens up more doors of opportunity. What you have accomplished is an extremely important strategy that is used in the investment of money to protect it and make it grow…something called “diversification”…in this case of your incomes. Diversification is very strategic and important.
Overall, this is a proven, successful strategy for you to achieve financial independence… by developing multiple income streams. Personally, I have developed an identical plan and currently enjoy the benefits of multiple income streams. The challenge to you is that you must decide that you want to do this…results do not happen overnight…you are beginning your own business…no one can tell you how long it will take for you to generate good income streams. The best option that you have is to decide to get started and be committed to your success…along with the commitment to learn.
Do you have any desire to develop financial independence? If so please email me on email@example.com or call me on 407-749-9395.
We are in an ideal situation for starting a business! Never has the internet been more opportunistic for the entrepreneur to get started on becoming financially independent!Never have we had the level of expertise and training to help people get started in becoming entrepreneurs as we have right now! Never have we had the level of knowledge and know how to help you from individuals like myself who have been there, been successful, and are building new streams of income. Never have we had knowledge of marketing systems that are affordable and successful!
The only thing that is lacking is the decisions for individuals to move ahead now. The thing now is to get started…give me a call…contact me via e-mail…let’s get started now.
Starting a business can be exhausting, exciting and exhilarating-all at the same time. This is precisely why it’s refreshing to hear words of encouragement from those who have done it before-and succeeded. We spoke with entrepreneurs we admire to cull the single best bit of startup advice they could muster-and the experiences that led to it. They’re simple mottoes, to be sure, but their impact can be tremendous.
“Don’t think, do.”
So said a stranger to Jeff Curran, founder and CEO of Curran Catalog, a high-end home furnishings company in Seattle, more than 20 years ago.
So you want to start a business, but don’t think you have the time? Think again. All you need to get started on the path toward your dream business are inspiration and determination… and maybe a few extra hours a week. Meet three entrepreneurs who used their off hours to launch and grow successful businesses-and get some tips on the dos and don’ts of starting a weekend business of your own.
You have the perfect home business idea. You can’t believe no one has thought of it before. Or, if someone has, he or she doesn’t have your vision, skills or passion. You are convinced this new business is the key to your successful future.
Now what? The best way to improve your odds of success is to move slowly and carefully in starting a business. Do so, and you can join the 70 percent of businesses that succeed in their first two years, according to the SBA
On Thursday, President Barack Obama said of his health care law: “Despite all the evidence that the law is working the way it’s supposed to,” there are critics out there. He says they must be doing it for purely political reasons. That sound you hear is the fire alarm going off in the White House.
I am very pleased to have developed an excellent following of readers every day and I thank you very much for coming back, reading, and leaving your comments.
To let you know who I am looking for as my target reader…it really is anyone of any age that wants to become financially independent and to be able to afford any lifestyle… anywhere… that they want. In my opinion this is the ultimate freedom in life. I do not see my preferred readers in any age group, any ethical background, or religious or political background. I do see my readers as being thirsty for knowledge that helps them succeed and provide financial and emotional security for themselves and their families. My readers are open minded and hungry for good information that they enjoy and is helpful to them.
Does this make sense to you? Is this what you are looking for? If not…and you come here for other reasons…please write a comment at the bottom of this page and let me know what you enjoy and why you come here. For those who really want to achieve financial independence be sure to read the last topic on this page and take some action today to get started on your road…ok! In any case, thank you for coming here! I am very grateful!
People apparently don’t visit an exterminator on social media unless they really mean
business. This month, Bug Out has gotten close to 100 leads from its Facebook Page and Twitter feed. Considering Bug Out’s Facebook Page has just around 135 fans and the brand has just 270 followers on Twitter, that’s a pretty good yield.
“If you look at our fans, they’re pretty much all realtors,” says Anne Austen-Lewis, who handles social media marketing for the Anaheim, Calif., exterminator. Realtors are a key client since getting a pest control check is a necessary step in buying a new house in California. Bug Out, a 25-year-old business (it was known as Masterpest Termite Control until a couple of years ago), already draws leads from its email lists and has a fairly well-developed SEO program. But the company believes that it could do a better job culling leads via social media. Read more...
Make your customer service reps your sales team, give information away for free, and other counterintuitive sales advice.
In today’s online marketplace, building a traditional sales force or conducting expensive sales training programs should not be the first action items on your business development plan. What should be on your list instead?
Here’s another in my series where I pick a topic and connect with someone a lot smarter than me. (There’s a list of some previous installments at the end of this article.)
This time I talked to Laura Greeno, the founder of WebScout, an online marketing firm for small- to medium-businesses. Read more…
You’ve clicked them before: “5 Things Preventing You From Becoming a Billionaire,” “The Secret Video Obama Doesn’t Want You to See” and the ever-insidious “[Hot Female Celeb's] Wardrobe Malfunction.”
It seems harmless enough linkbait, but stories like these have the potential to kill content marketing.
SEE ALSO: This Is the Future of Book Marketing
Content marketing is no longer a trend or a fad — according to one survey, nearly four out of five CMOs think it represents the future of marketing. Read more…
And for my readers who are ready to get on the road to success and multiple income streams…You will be very pleased that you clicked on the link below for…
Independence Day, commonly known as the Fourth of July, is a federal holiday in the United States commemorating the adoption of the Declaration of Independence on July 4, 1776, declaring independence from the Kingdom of Great Britain. Independence Day is commonly associated with fireworks, parades, barbecues, carnivals, fairs, picnics, concerts, baseball games, family reunions, and political speeches and ceremonies, in addition to various other public and private events celebrating the history, government, and traditions of the United States. Independence Day is the National Day of the United States
During the American Revolution, the legal separation of the Thirteen Colonies from Great Britain occurred on July 2, 1776, when the Second Continental Congress voted to approve a resolution of independence that had been proposed in June by Richard Henry Lee of Virginia declaring the United States independent from Great Britain. After voting for independence, Congress turned its attention to the Declaration of Independence, a statement explaining this decision, which had been prepared by a Committee of Five, with Thomas Jefferson as its principal author. Congress debated and revised the wording of the Declaration, finally approving it on July 4. A day earlier, John Adams had written to his wife Abigail:
The second day of July, 1776, will be the most memorable epoch in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated as the day of deliverance, by solemn acts of devotion to God Almighty. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires, and illuminations, from one end of this continent to the other, from this time forward forever more. Read more…
The unanimous Declaration of the thirteen united States of America
hen in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. Read more
God Bless America
And we honor all of those who died and were injured in protecting this country. We are so very fortunate that this country is based on God’s principles and blessing. Let us always honor and protect our wonderful INDEPENDENCE and thank God for our forefathers with so much wisdom!
Many small businesses use social media as a marketing tactic, but they are confused about how to make money from it. According to Anatoly Nirshberg, CEO of ParadigmNEXT, the key is to “develop a business plan that outlines how you will generate revenue from social media activities on a consistent basis.”
This was going to end badly. I would play chess all day in my office with the door locked. My boss would knock on the door and I would put my headphones on and ignore him. People would complain that the software I wrote didn’t work. My boss would say…
Tomorrow’s business leaders and startup founders will be today’s young kids whose parents have raised them with an entrepreneurial spirit — a skill that is increasingly important as young people flood the startup world and the freelance economy grows.
In the course of a busy day, you may write a check at the grocery store, charge tickets to a ball game, rent a car, mail your tax returns, change service providers for your cell phone, or apply for a credit card. In each transaction, you reveal bits of personal information, like your bank and credit card account numbers; your income; your Social Security number (SSN); or your name, address, and phone numbers - a goldmine of information for an identity thief. Once a thief has that information, it can be used without your knowledge to commit fraud or theft.
Identity theft is a serious crime. Would you like to discuss solutions that will help to protect you against the consequences?
Please email or call me for a complimentary discussion.
Chris Guillebeau is a writer, entrepreneur, and traveler. His latest book, The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future, is now a New York Times bestseller. During a lifetime of self-employment and ventures ranging from online publishing to volunteer work in West Africa, he has visited nearly every country on earth before the age of 35.
The biggest political problem faced by so-called “liberals” and so-called “progressives” in President Obama’s second term is how to prevent voters from holding them politically responsible as the public comes to realize how badly they were lied to during the first Obama term to win passage of Obamacare.
Naturally, many young entrepreneurs are fueled by ample helpings of passion and enthusiasm. But you know what they say about too much of a good thing, right?
While zeal will serve you immensely in multiple business arenas, too much enthusiasm can, among other things, sabotage a sales meeting in a blink. Here are four reasons why excitement is the enemy of sales success — and what you can do to channel your passion in a way that leads to better results:
This post is devoted to the topic… “If I can every help you”…
Would you be interested in developing multiple income streams to improve your opportunity to achieve financial independence? I can help you do that by helping you to develop a marketing system that is designed to help your customers find you on the internet. Do you think that could be helpful to your business? What if several hundred people found your business 24/7 and looked at what you had to offer? Would you like that? If this is interesting to you I invite you to click on the following link…
The American Dream is a national ethos of the United States, a set of ideals in which freedom includes the opportunity for prosperity and success, and an upward social mobility achieved through hard work. In the definition of the American Dream by James Truslow Adams in 1931, “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement” regardless of social class or circumstances of birth.
Do you remember that the United States was once the land of “The American Dream”? I do and it was really true! I listened to the economics numbers today and was amazed to hear where our country has plummeted from the leadership position of leading the world in virtually all measurements. Our situation is highly disturbing and one which I call upon all Americans to express their strong concerns and wishes to all of our elected political leaders.
If you didn’t hear the numbers today…I want to share them with you…
Number of Americans eligible for work however not working last week: 90 Million
Number of Americans that stopped looking for work last week: 663,000
Number of Americans filing for employment for first time last week: 388,000
Number of Americans filing for disability last week 82,000
Number of Americans total on disability last week 8 million
Number of Americans that dropped out of the work force last week 500,000
With the reduced number of jobs and people looking for work 7.6% unemployment rate.
Actual population of the United States June 2012 - 314 million
Actual unemployment rate when considering all people eligible for work 15.0%
Also Capital wealth of Americans now reduced 25%-40% during last few years
Now that we see the reality of the situation it is so important that we understand the circumstances of millions of Americans and find ways to reach out to them with jobs, opportunity, hope and encouragement. This is not intended to be a political position on anyone…it is intended to be a sober statement of realization of where our country is and what we as citizens have the responsibilities for doing. I believe that we must focus on the economic welfare of our citizens and our country and use our energies constructively to bring about change that is healthy for all Americans. I for one am very grateful that I have an opportunity to pursue financial independence for myself as well as to reach out to many others and offer to many a hand as well!
Jay Conrad Levinson and Jeannie Levinson | February 12, 2013|
In their book “Guerrilla Marketing Field Guide”, the founder of guerrilla marketing, Jay Conrad Levinson, and his wife and business partner, Jeannie Levinson, offer a step-by-step guide to launching a marketing attack that’s primed for success. In this edited excerpt, the authors reveal the seven simple things you need to include to make your marketing strategy a success.
The law of attraction is the name given to the belief that “like attracts like” and that by focusing on positive or negative thoughts, one can bring about positive or negative results. This belief is based upon the idea that people and their thoughts are both made from pure energy, and the belief that like energy attracts like energy.
Millions of people have now heard of The Secret , a theory which brings phrases like “positive thinking” and “the law of attraction” to everyday conversations. Although the The Secret is a fairly recent phenomenon, spiritual thinkers say they’ve been studying the concepts for years.
Acclaimed author Louise Hay is considered the mother of positive thinking. She is back to continue the conversation about the law of attraction, which is the basis of The Secret . “The law of attraction is that our thinking creates and brings to us whatever we think about,” she says. “It’s as though every time we think a thought, every time we speak a word, the universe is listening and responding to us.”
Ann Sieg, author of a powerful book on how to get new customers and prospects to come to you…shares her ideas and methods in this blog…This book is a masterpiece on the art of Attraction Marketing! It is estimated that 97% of those individuals that pursue internet marketing never make a profit! This information provides a way for you to avoid this destiny…if you are serious about implementing it successfully. Ann went through many trials and errors for 19 years and developed Attraction Marketing techniques to successfully now earn large amounts of money each month.This is Ann’s Blog…
If you become what you think about…Are you ready to become rich?
Many believe that the Law of Attraction can be very important in the process!
Procrastination is a wonderful pastime! It allows us to enjoy the moment without any reason to be challenged! Unless you happen to be challenged by the world of opportunity that is offered to you every day! Would you really like to become rich? Nowhere in the world…other than the United States…is there such freedom of opportunity, speech and pursuit of happiness. If you don’t know this then you should really travel the world and discover it for yourself.
Since we have this opportunity you would think that 50%+ of our population would be jumping on the chance to become financially independent, another way of saying becoming rich, and to take advantage of the opportunities….and the numbers are growing but nowhere near what they should be. But this will change. The current leadership will try to stop all creation of wealth or to take it away from the wealthy….but this kind of regime even with the compromising, unprofessional press will not stand. This is not America my friends….and the number of Americans unhappy with lack of employment, downgraded lifestyles, costs of fuel while buying it from the Mideast, rising food prices, more taxes, too much regulation on businesses, incorrect priorities for spending , and having less fun is growing every day.
I thank you for reading my posts….and let me know what you would like for me to write about…enjoy!
Past performance is no guarantee of future results, as the old business truism says. But you also may have heard that you can’t know where you’re going without knowing where you have been.
To get a sense of which industries small businesses are growing in, the analysts at Raleigh, N.C.-headquartered private-company financial-information company Sageworks ran some numbers for Entrepreneur.com. Here’s a look at the industries where U.S. companies with $10 million or less in annual sales have shown the highest and lowest percentage change from Jan. 1 to Dec 31, 2012.
When One More Hat Is One Too Many
The Best Blog Traffic Tools for Content Marketing
Published on Mar 25, 2013.
Listly by Mike Allton
Content Marketing for your business means creating great content and sharing it to your social networks. But it also means looking for additional, sometimes creative ways to get what you’re writing in front of more people. What do you think are the best tools for getting more traffic to your blog?
By CHRYSTIA FREELAND | REUTERS< Published: November 22, 2012
LONDON — Sometimes, the aftermath is more devastating than the storm. That is the story of the 2008 financial crisis. It was disastrous at the time, but what has been worse is how long it has lingered. That halting recuperation is why the global economic meltdown is still at the center of the political debate in the Western world.
April 1st, 2013 - Posted by HappyBrooke to Content & Blogging
Sometimes it’s fun to temporarily place yourself back in the mindset of a beginner. You probably can’t remember the day before you understood SEO backwards and forwards, can you? Well, I’m still there. (Yes, thank you for the supportive smiles and knowing looks.) I still don’t understand it all; but I’m on my way, and I’m making progress.
August 6, 2012|By Donna Gehrke-White, Sun Sentinel
A small South Florida city has attracted the attention of federal investigators looking into tax refund fraud and identity theft, according to an independent watchdog agency that oversees the Internal Revenue Service.
In Belle Glade, nestled along Lake Okeechobee, 741 tax returns worth more than $1 million in refunds were filed from a single address last year, according to the Treasury Inspector General for Tax Administration.
As with anything, when the majority of a population uses something, it usually becomes the target of malicious or criminal activity. Just ask Microsoft Internet Explorer engineers.
Now that over 80% of tax returns are e-filed with the IRS, the thieves have found clever ways to claim your tax refunds through fraudulent identity theft, as I alluded to in Monday’s tax return guide.
E-filing had such a good thing going there for its users – quicker returns, easier to catch errors, no trip to the post office, and the peace of mind that your return reached its destination. And the IRS loves e-filing because they result in easier audit pulls, electronic data storage, and fraud detection.
By Adam Levin | Credit.com – Fri, Mar 29, 2013 3:29 PM EDT
Every time you go to a new doctor or dentist and they give you a clipboard brimming with documents to fill out and sign, notice how they always ask for your Social Security number? Do you dutifully give it up? Did you ever wonder if they really need it?
I once asked a doctor why he wanted it. His response: “I don’t really know. I guess it’s because we’ve always asked for it.” (In actuality, most doctors ask in case your insurance doesn’t pay the entire invoice and/or to fill out a death certificate if you die. Offer a next of kin who knows the number instead, and your phone number for billing issues.)
Managing your social media presence is tricky enough when you’re simultaneously keeping up with the challenges of starting your own small business or freelance operation.
These user-friendly tips will take the confusion out of Twitter, so you can make your tweets more attractive your followers.
1. Have (Real) Conversations
The Twitterverse (which, incidentally, is apparently the fifth most annoying word of 2012) offers lots of opportunities to make great connections. If you admire a fellow entrepreneur, designer or writer, don’t be afraid to give them a shout — and make sure it’s a worthwhile shout.
Using Trackbacks to Market Your Blog and Increase Traffic to Your Blog
By Susan Gunelius, About.com Guide
A blog trackback is basically a tap on the shoulder to another blogger. Consider this scenario to further explain trackbacks:
Imagine you are reading your friend Bob’s blog about the New York Knicks. Bob published a great post about a recent game between the Knicks and the Orlando Magic called The Knicks Rule.
Now, imagine you write a blog about the Orlando Magic, and you decide to write a post that talks about Bob’s The Knicks Rule post. As a courtesy, you could send Bob an email to let him know you wrote about his post on your blog, or you could give him a call. Luckily, the blogosphere makes that courtesy call a lot easier and gives you an opportunity for some self promotion, too.
In our Google+ Primer article, we briefly covered Google+ Circles and how they can be used to organize the people you want to be connected to. In today’s article, we’re going to go into more detail about these Circles. We will review what they can do, and how they can make your Google+ so much more organized and informative, and perhaps share a few secrets that only the most experienced Google+ users have found.
WASHINGTON — Unable to meet tight deadlines in the new health care law, the Obama administration is delaying parts of a program intended to provide affordable health insurance to small businesses and their employees — a major selling point for the health care legislation.
Women are leaving the workforce in droves in favor of being at home. Not to be a homemaker, but as job-making entrepreneurs.
By Natalie MacNeil
A quiet revolution is taking shape right now among women. Unlike the Quiet Revolution that began in the 1970s which saw women leave the home and enter the workforce in droves, women today are leaving the workforce in droves in favor of being at home. But unlike generations of women before, these women are opting to work in the home not as homemakers—but as job-making entrepreneurs.
Women have been starting businesses at a higher rate than men for the last 20 years and tend to create home-based micro (less than 5 employees) and small businesses. Women will create over half of the 9.72 million new small business jobs expected to be created by 2018 and more and more are doing this from home offices across the country. It’s a surprising statistic, especially considering that women-owned businesses only created 16 percent of total U.S. jobs that existed in 2010.
New research by the loan broker Biz2Credit reveals some bad news about women-owned businesses: They have higher operating expenses, slimmer margins and lower credit scores than male-owned firms the same age. And they have loan approval rates that are 15% to 20% lower.
(Photo credit: Dave Dugdale)
Biz2Credit studied 14,000 businesses that sought funding through its online platform. Women make up about 29% of applicants on Biz2Credit.
Some of the differences are significant. The women-owned firms had 15% lower annual revenue, and operating expenses that are 21% higher.
These findings may not reflect all women-owned firms–after all, businesses seeking credit may need it because they have cash-flow problems–but they should not be ignored.
What explains the results? Rohit Arora, CEO of Biz2Credit, says that in his experience, many women business owners start out borrowing for their businesses on personal credit cards, instead of establishing credit in the name of their businesses. Result: They fail to build a great credit score for the business.
That has long-term consequences. If they later apply for a loan, their lower credit scores put them in a weaker position. Those who get loans may qualify for less-attractive interest rates. ”Banks are gender-blind, to a large extent,” he says.
It’s possible that someone in Kentucky has been buying stuff with John Roberts’s credit card.
The Supreme Court’s chief justice has been traipsing around Washington, D.C., bemoaning to metro-area counter-workers that his credit-card info has been stolen, and that he now has to use cash.
First, it was a Starbucks barista, where Roberts stopped for coffee in suburban Maryland on Tuesday, before he heard arguments on California’s Prop. 8 gay-marriage ban. Roberts typically uses a card, but a Starbucks employee told The Washington Post that Roberts, this time mentioned the apparent identity theft, after paying cash….
No one is safe from identity theft — not even John Roberts, the Chief Justice of the Supreme Court.
On the morning that the Supreme Court was scheduled to hear arguments about gay marriage, Roberts was overheard telling a barista at his local Starbucks that he would have to pay cash for his coffee, as his credit card information had been stolen. The Associated Press spoke to a Supreme Court spokesperson, who confirmed that someone got hold of one of the Chief Justice’s credit card account numbers. Apparently that meant that Roberts had to use cash while he waited for a new card from the bank.
Supreme Court Justices: They’re just like us!
Roberts isn’t the first high-profile Washington figure to become the victim of identity theft lately — earlier this month, First Lady Michelle Obama, Vice President Joe Biden and the director of the FBI all had their credit reports stolen and posted to a Russian website. Celebrities including Beyonce Knowles were also affected……
It is important that Americans understand how to deal with identity theft issues most effectively. It is very important to have as many of your key identification numbers monitored for activity as possible. You need to know as quickly as possible if your and that of your spouse…and especially your children…is being violated. Then you need to have the assurance of professional investigators, who understand the ways of correcting your problems, take charge of restoring your identity as quickly as possible. Be very cautious of any identity theft program that requires that you restore your own identity, no matter how much reimbursement, as restoration can take years even if you know what you are doing.
12 million people were victims of identity theft in 2012. Don’t wait until it happens to you. Get Peace of Mind today. Get protection before the event can happen and you are covered for restoration. Restoration coverage after it happens is a different situation. Be prepared for identity theft!
For more information on protecting yourself and your family contact me on email at firstname.lastname@example.org or phone me at 407-749-9395.
Small Business Consultant
Dan Norris solutions for creating, growing and protecting your assets