ON OUR WAY TO WEALTHY: Even with the full understanding that some accidents and illnesses cannot be avoided, few small business owners plan for the unexpected. One step in the planning process is to make sure proper insurance coverage is in place.
For the most part, we are all accustomed to purchasing the basic insurance policies that cover our home, car and life. But there are different types of disability income insurance plans that will protect income and even pay bills when necessary.
Disability income insurance is designed to maintain financial stability when you are sick, hurt or unable to work by providing a monthly income directly to the business owner. It is typically used as the primary income replacement that helps prevent the depletion of savings and retirement income.
The New Tri-State Defender is excited to announce the strategic hiring of Yolanda Hargrove as its new Sales Consultant and Account Executive.
Hargrove is charged with growing print and digital advertising, as well as event sponsorship and the development of strategic networking events and building relationships for the publication.
"Yolanda brings creativity and experience in the business arena and has been successful in a number of corporate accounts throughout her career. She brings an innovative and aggressive approach to strategically building new business and new relationships throughout the community and across the country," said TSD President and Publisher Bernal E. Smith II.
The Tennessee Beautician's Association 2013 Annual Trade Show and Convention will be held Oct. 26-29 at the Memphis Airport Hotel and Conference Center at 2240 Democrat Rd.
According to Janice Scott, the financial secretary for the association, the event's purpose has many layers.
"To educate, to encourage people in the business, as well as others, help others find employment in the industry, and help people keep up with the laws and changes in the industry so that they will be aware of everything going on," said Scott.
MONEY MATTERS: A 2013 study of entrepreneurship found that more than a quarter of workers aged 65 and older plan to start their own businesses in the next three years.
Developing a business after you retire from your regular job could be rewarding personally and financially, but like most potential rewards it comes with risks and challenges. If you have an entrepreneurial vision, here are some tips that may help you maintain a realistic perspective.
Don't invest more than you can afford to lose. Current failure rates suggest that 50
ON OUR WAY TO WEALTHY: Whether you reference aging as growing older, more mature, wiser or seasoned, the common denominator is that we must all age. It is a fact of life.
Today, there are approximately 40 million people age 65 or older in America, which represents about 13 percent of the population. However, by 2030 there will be over 72 million or almost 19 percent of the population in this bracket.
A staple of our basic needs in life is housing and as we grow older our housing needs will change. While we hope to maintain our lifestyle, health, mobility and financial strength along the way, things may not always develop as desired.
The day Mary Hunter, 73, of Gary, Ind., came up with the idea for a way to marinate the inside of the big roasts she would make for her fellow congregation members at Yes Lord Church, she knew she had invented a revolutionary cooking tool. But, according to a profile on Hunter in the New York Times, she didn't know it would take 19 years before her invention hit the market.
Hunter leaned on the resources provided by her church to take Mary's Marinating Sticks from dreams to reality. A fellow church member, David Smith, helped her design the stick. Dwayne Hunter, Mary's son and the pastor at Yes Lord Church, got her a spot at the International Home and Housewares Show in Chicago, which led to her appearing on the Food Network show Invention Hunters.
All the while, Hunter was selling Mary's Marinating Sticks direct to market, according to the Times.
(This is the first in a series of periodic stories that The New Tri-State Defender is featuring about people and organizations that have "Something To Offer" as Memphis journeys toward general recognition as a "Great American City!"
Michael J. Dones, corporate marketing manager with FedEx Sponsorship & Social Media Advertising, is a Memphis man with many rites of passage dotting the history of his life and career.
After high school graduation, the Bay Area native headed to Atlanta, earning an undergraduate degree at Morehouse College and an MBA at Clark Atlanta University. Soon after, he and his new wife accepted jobs with FedEx and made the move to Memphis, where they settled in, had children, and thrived.