Women Entrepreneurs: A Growing Trend

The business landscape is continually changing—technological advances, corporate downsizing, restructuring, and telecommuting have reshaped the marketplace.­ Although these improvements and modifications have a great impact on our working environment, perhaps the most notable trend has been the rapid growth in the number of women-owned businesses. According to the Center for Women’s Business Research (2012), three quarters of women-owned businesses are those wherein women own a majority share, and each year, women-owned businesses generate almost $1.9 trillion in sales. Statistics from the Center for Women’s Business Research reveal impressive gains for women in the marketplace: An estimated 10.4 million companies are owned by women. Women-owned businesses account for 41% of all firms in the U.S., and employ 12.8 million workers. In the past 20 years, women-owned companies grew by 42%. This figure is two times the growth rate of all privately-held firms for that time period. The “Push” Behind the Numbers …

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New England Patriots vs. Philadelphia Eagles: Does the winning team predict the direction of the stock market?

Is there actually a difference in the annual performance of the stock market, depending on who wins the Super Bowl? Should I really consider altering my investment plans based on who wins? Let’s explore this interesting consideration as we approach Super Bowl LII (or Super Bowl 52 if you didn’t take Latin in high school). The Super Bowl The inaugural Super Bowl took place in January 1967. The Green Bay Packers, who had already won several NFL championships in that decade, beat the AFL champion Kansas City Chiefs. The Super Bowl developed so that the NFL (National Football League) champions could play the AFL (American Football League) champions. The NFL started in 1920, while the AFL began its first season in 1960. Before the 1970 season, the AFL joined the NFL, forming the NFC (National Football Conference) and the corresponding AFC (American Football Conference). To even out the number of …

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Banks Look to Life Insurance for Future Growth

The Life Insurance Marketing and Research Association (LIMRA) says almost a third of U.S. households don’t carry life insurance, and many more don’t carry enough coverage. Part of the reason may be outreach: Even people who know they need more life insurance say they haven’t bought it because they haven’t been approached by a financial professional. More than half of responding households said in 2016 that they would be more likely to buy if advised by trusted financial professionals, which represents an opportunity for banks and credit unions. Profit margins on bank sales of life insurance tend to be strong, and consumers tend to trust their bankers. “It’s an easy sell when you are at the bank, in front of an adviser, and already in the mindset of your financial future,” says JC  Matthews, co-founder of Simply Insurance (simplyinsurance.co), an online insurance service. Here’s what you need to know. More …

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What Impact Will the New Tax Policy Have?

While Republicans are touting a victory in the passage and signing of the Tax Cuts and Jobs Act, it will take some time before most changes go into effect. And with all the sweeping changes in the law, tweaks and fixes are likely in the coming months, experts say. “It’s important to remember that it could be years before the IRS does its interpretation of the tax changes and even longer, if ever, before those interpretations are tested by courts,” says Steven Weil, Ph.D., president and tax manager of RMS Accounting, an accounting and bookkeeping firm. “There are sure to be errors, and corrections that Congress will have to make. How long these will take and how many there will be is anyone’s guess.” In the meantime you may see a few changes sooner, depending on some variables. It Depends on How You File One of the main changes is …

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