Category : Business

GreenSky Credit creates positive-sum incentives for everyone involved

GreenSky Credit is quickly becoming one of the most well-known fintech companies in the country. The company has been rocketing towards huge success, surpassing 17,000 retailer partners and doing nearly $5 billion in new loans every year. The secret behind the company’s near-vertical rise to the top of the fintech industry has been a reflection of one thing: GreenSky Credit has found a way to do business where everyone walks away a winner.

Doing what works

Unlike many of its fintech competitors, GreenSky Credit never promised to change the world or fundamentally alter the laws of economics and banking. Instead, GreenSky Credit went after markets where it saw that technology could potentially make for a more frictionless environment, allowing transactions to take place that would not have otherwise materialized because the consumers simply didn’t have the on-hand liquidity to complete the sale.

The first place that GreenSky Credit started focusing in on was the home improvement space. The company’s founder David Zalik had worked extensively in the home renovation industry, and he knew that there was one area where home improvement businesses and contractors had a serious leak.

Homeowners would often severely underestimate the true final costs of completing major home renovation projects. For someone who has no experience in contracting, finding out that installing a high-end stainless-steel kitchen is going to cost $100,000 can be a shocking experience. Unfortunately, this sticker shock often meant that home renovation projects that were on the verge of taking off were getting put on the back burner, permanently.

But Zalik immediately noticed something unique about these big-ticket retail transactions: Even the most expensive home renovation projects, like $100,000 kitchen remodels, usually added more to the value of the home than the projects themselves cost. And this meant that the homeowners were actually losing money, in some cases large amounts, by not being able to complete these projects.

GreenSky Credit, through its instant point-of-sale loans, was able to earn the homeowners serious money. It also gives contractors five- or six-figure jobs that would have fallen through while providing its lending partners with top-end loans.

https://www.greenskyonline.com/greensky/password/forgot


Ted Bauman and His Take on Retirement Plans

Ted Bauman is a member of Banyan Hill Publishing. He writes specialized columns dealing with making investments, immigration, and privacy. As the editor of several different columns at Banyan Hill Publishing, Ted Bauman tries to help people live a free and exciting life. To go hand in hand with that, Ted Bauman has done quite a bit of philanthropic work.

In one of Ted’s most recent articles, he compared the differences between a cash balance retirement plan and a traditional pension. Ted claims that there might be more to gain from a cash balance plan than there is from a pension. One of the main reasons for this is that employers that aren’t doing well often decide to simply stop paying their retired employees their pension. That can obviously end a person’s happy retirement rather quickly.

With a cash balance retirement plan, retirees receive money in a similar way to a pension, but without all of the risk. With a traditional pension, employees have to invest part of each of their checks into the retirement program and then they are eventually payed out at retirement age on a monthly basis. This can be an issue if the company is no longer around or in a financial crisis when you finally reach the age of retirement.

The cash balance system doesn’t rely on a guaranteed monthly income, employee-made investment choices, or retirement age. A specific amount of money goes to the employees account based off of a few factors and as soon as that employee leaves the company, they can withdraw their balance from their account. With a cash balance retirement plan, Ted Bauman believes that employees have more control over their retirements and less risks to take when retiring. As a renowned authority in low-risk investment, his opinion is a respected and well educated one. Ted Bauman Says Amazon Isn’t a Monopoly, Warns Shareholders of Vulnerability


Shervin Pishevar Notes that Inflation Will Continue to Increase Despite the Government Intervention

Inflation, which is the drastic increase in the cost of consumer goods, is currently taking roots in the United States without many individuals realizing it. Shervin Pishevar notes that a large number of people around the country have not realized the current changes in the prices of goods because they have a higher purchasing power. The problem is that there is a small proportion that is made up of the low-income group of individuals who are not able to meet the cost of the goods.

Shervin Pishevar records that the problem will not change and it will even increase to the point that those individuals who can pay for the food and other everyday goods will not be able to handle it. This brings the biggest question of all time which tries to figure out why inflation is affecting the economy of the country.

One of the most critical aspects that are causing inflation to increase in the country is the current aspect of importing goods from other countries. There is an agreed consent that most of the industries around the country are not operating which have left the ordinary citizens at the mercy of multinational organizations operating outside the United States. The goods and services imported come at a higher price than what most individuals around the country would be able to get.

Shervin Pishevar also notes that the government is implementing policies to control inflation that cannot work in the country. Some of the changes introduced in the country include restricting a significant number of countries from exporting their products to the United States through stringent and unbalanced trade policies. The problem is that the supply of goods in the country becomes small against a large number of consumers, which causes individuals to compete for a few products and services which causes a price increase.

The bond market, which has for an extended period been used to control the market has significantly changed and is no longer having impacts on how the market operates. Shervin Pishevar feels that the government should develop other new policies that affect the market so that the problem is eradicated.

https://www.wingsjournal.com/shervin-pishevar-hyperloop-one


The Valuable Real Estate Lessons Everyone Learns From Jim Toner

Jim Toner can be easily dubbed the epitome of a successful real estate investor and entrepreneur. In the last 25 years, Jim has maintained his play in the real estate industry without skipping a beat. The American real estate field has undergone transformative seasons due to financial interruptions such as the recess. Consequentially, according to Medium.com, many real estate personas dialed down or ultimately changed their career industry. Jim Toner said, he experiences and seasoned analysis have rewarded him with wisdom and professional skills that any newbie could apply to level up in the industry.

Jim highlights the importance of adopting a winning attitude that overpowers the wavy real estate industry. Jim does not blame the lows of the industry to many uncontrollable financial conditions, as he believes that people are solely responsible for the decisions that eventually led to the fall of the market in 2008. Jim revealed that while most people opted to abandon their prospective money mines, he capitalized on the low prices. He urges investors to analyze both sides of a bad situation by establishing the possibility of any formidable long-term gains. Read this article to know about financial independence.

Jim Toner manages to keep his mind at an all positive state by associating with people who heighten his intelligence. This life principle is evident in other successful business people such as Henry Ford and Andrew Carnegie. Jim’s perseverance through rocky industrial markets have afforded him an opportunity to reap the upcoming skyrocketing benefits that will steadily increase over the next five years.

Jim Toner’s work ethic and personal habits are a major ingredient in his journey towards wealth accumulation. He begins his day at 6.00 am and sets his mind for positivity by listening to uplifting podcasts and other self-development materials. Jim explains that real estate is a beneficial market to everyone. He states that while most people may not have the passion to deal with the intricacies of its business; it is possible to reap small benefits by making small-calculated risks. According to the investor, real estate is similar to other any business due to its possibility to expose one to mistakes and losses. Taking the first step towards understanding the history and possible future of a particular market will equip one with extensive knowledge for long-term involvement. See this vimeo documentary.

LinkedIn: https://www.linkedin.com/in/jim-toner


Hussain Sajwani – A Successful Businessman And A Passionate Philanthropist

Hussain Sajwani is the name to reckon with in the real estate sector in the United Arab Emirates, and over the years, his firm Damac Properties has constructed hundreds of residential and commercial real estate projects, which are one of its kind and uniquely built for the modern consumers.

One of the reasons why Damac Properties is a preferred choice for many customers is because it develops projects in collaboration with the famous designers across the globe, which includes Armani, Versace, and Fendi. It helps in giving the architectural styling and designing of the commercial as well as the residential projects to be a class apart. Hussain Sajwani clearly knows and understands the real estate market and believes in taking a step forward into building creative and innovative projects that the contemporary consumers are looking for.

Damac Properties, headquartered in Dubai, is one of the biggest real estate development firms in the UAE, and also handles many other key projects in Jeddah, Oman, Qatar, Saudi Arabia, Beirut, Abu Dhabi, London, and more. Damac Properties, under the exemplary and visionary leadership of Hussain Sajwani, has been growing exponentially year after year. Damac Properties is also known for designing innovative marketing campaigns like giving away Bentleys to the customers buying units in the company’s residential or commercial projects, and other similar marketing stunts.

Hussain Sajwani is also known to be a generous philanthropist and recently donated AED 2 Million to help one million poor children get clean clothes. Hussain Sajwani is associated with many charitable organizations and continues to make hearty donations to ensure that he can make his contributions in empowering the communities he serves.

Hussain Sajwani was recently in the news for his association with Donald Trump and offering him $2 Billion projects after the latter became the U.S. President. However, the fact is that Hussain Sajwani and Donald Trump go long back, and have known each other long before Donald Trump became the U.S. President. Currently, Damac Properties is building two international golf course residential complexes in Dubai, one of which is designed by Tiger Woods himself. It is the project that Damac Properties is developing in collaboration with Trump Organization.

Learn more: hussainsajwani.com/ar/


Operating in a Chiefly Manner: Mike Bagguley

Mike Bagguley earned his undergraduate degree in mathematics from the University of Warwick in 1988. He has been a trailblazer ever since beginning his career in finance. Mike Bagguley crunchbase profile elaborates on his accomplishments and recent news. He started his service in Barclays Bank in 2001 in the fixed income trading sector. Serving as the current Chief Operating Officer at the London known Barclays Investment Bank, his reputation precedes him. He became COO of Barclays in 2015 and before this was the head of macro products within the organization. Mike Bagguley’s total experience with Barclays is over 15 years and counting. His current position seeks him to speed up the banks delivery of overhaul. Having such a large task at hand illustrates his value to the company as well as his previous accomplishments while working there. Formerly his main focus was restructuring business in the macro department like interest rates and other investment happenings. Now he will be leading main projects in every part of the Barclays Bank. Upon receiving his promotion he immediately assumed responsibilities of his new role. A major goal and vision of the company is to increase profits while simultaneously reducing risk costs and factors. Mike Bagguley’s expertise in financial stress alleviation will assist him tremendously in his new role. As Barclays Investment Bank sets out to improve the turnaround within the company they also will set out to create thousands of employment positions. This process will span over three years and will cut down on costs for the bank as they head in a new direction. Mike’s resume and track record states that he is a sharp individual and is efficient in his field of work.

https://www.wsj.com/articles/barclays-names-mike-bagguley-as-chief-operating-officer-of-investment-bank-1447758213


How Hussain Sajwani Built a Real Estate Empire with DAMAC

Hussain Sajwani is the originator of DAMAC Properties, Inc., a Dubai real estate development and management company. The company was formed in 2002 when The United Arab Emirates passed a piece of legislation that allowed foreign nationals the opportunity to purchase property in the Emirates and live there.

Sajwani predicted that this would create a land boom and he wanted to be right out in front of it. He began to purchase land and promote his new luxury apartment living accommodations. He correctly surmised that there would be many immigrants who would have money, so he wanted to promote the best luxury living quarters possible.

He was a master salesman and his advertising was second to none when it came to putting forth the most high-end and luxurious accommodations. For example, “A New Bently For Each Luxury Apartment,” was offered liberally in his ads and it was a promise kept. He brought in the best designers, builders, and architects from around the world and the whole effort was a great success. His first project was sold out before any construction was even started.

According to Arab News, Sajwani had good training when as a young schoolboy, he worked after school for his father in the family variety store. The hours were long, but he had the chance to really get to know customers and how they thought and functioned. As a boy, however, he thought the hours were too long, so he just knew that he would never be a businessman.

An early project in the mid to late 1980’s was a catering company that sold meals to the US Army and subsidiaries. This venture was a great success and is still a part of the business structure owned by Sajwani. Sajwani learned how to manage a larger company with this experience and he made very important international contacts that would serve him well later.

Today, many family members have moved into key management positions and Sajwani (@hussainsajwani) is able to spend more time in overall, broadscale planning for the company. There are always new projects in the offing as well as the demand for Sajwani’s time in advising key partners and political leaders. See this YouTube video featuring Sajwani and DAMAC.

Discover more here: https://www.forbesmiddleeast.com/en/tag/hussain-sajwani/


Stream Energy: Helping Hurricane Victims and Other Philanthropic Activities

More companies in the United States are launching their philanthropic arms to help those who are in need. One of the most recent examples would be the launching of Stream Cares by Stream Energy, a Dallas-based energy producing company that has been serving states on the eastern coast.

One of the reasons why there is an increase in the number of philanthropic efforts from companies is because of the prevalence of natural disasters. The United States is being hit by strong hurricanes multiple times per year, and these disasters are causing a lot of damage and loss of life. The issue with climate change has also highlighted the power of 21st-century hurricanes, and they are eerily stronger than the older counterparts. Scientists are saying that these hurricanes will keep on becoming stronger, and humans would need to learn how to adapt against these disasters. Hurricane Katrina and Hurricane Sandy are some of the most disastrous hurricanes to hit the United States. When Hurricane Harvey hit the state of Texas and left billions of dollars in damages, Stream Cares is one of the first organizations to help the victims who have affected by the storm. They staged recovery and rescue efforts, and they also have extended assistance to those who are having financial burdens. Another philanthropic activities spearheaded by the company was the partnership with Hope Supply Co. to address the problem of homelessness in Dallas.

Aside from participating in a lot of philanthropic activities, Stream Energy is also serious in expanding their operations in other states. Delaware is the newest state in the list of areas that the company services and the local population welcomed the addition of Stream Energy as one of their providers. The states in the Northeastern United States have been experiencing energy shortage, and they stated that the energy which will be provided by Stream Energy would help thousands of households across the region to harness affordable and reliable power. The chief executive officer of Stream Energy, Larry Mondry, stated that they are still planning to include more states in the areas that they serve, and they are looking for potential candidates.

 

http://releasefact.com/2018/02/stream-energy-helped-harvey-victims/


Sussex Healthcare: Leading Healthcare Facility In The UK

Sussex Healthcare: Leading Healthcare Facility in the UK

In the United Kingdom, the demands for healthcare and rehabilitation services are increasing lately. People have been looking for a place where they could admit their loved ones who are suffering from injuries and help them recover fast. Others have been looking for a facility where they could take their older loved ones in to be taken care of. The Sussex Healthcare facility, located south of the city of London, is one of the most popular destinations for those who are seeking care services. The facility was founded by a professional dental surgeon 25 years ago, along with his colleagues who are interested in creating a business catering to the healthcare industry. Through the years, the services offered by the facility expanded. Today, there are four significant departments provided by the facility to the public.

Elderly Care Department

Sussex Healthcare is home to dozens of senior citizens who chose the facility to be their home. The facility is ideal to become a nursing home because it is located far away from the city, and the sceneries within the facility would bring comfort and peace to those who are staying inside. The seniors are also monitored by the nurses and caregivers working inside the company, making sure that they are attended to at all times, and the needed medication is given. The seniors are also enjoying a lot of fun activities with entertainers, and are being fed with high-quality food made by top chefs.

Neurological Care

Sussex Healthcare is considered as a haven for those who have suffered brain injuries and other head traumas. They are being treated inside the facility, and nurses are giving them medication to help them get back on track. Speech therapists are also helping them with their recovery, teaching them once again how to speak and how to interact with the people around them. The past patients have rated the neurological care inside facility as world class and impressive.

Dementia Care

The facility is also looking after the people with dementia, employing highly-trained professionals to care for the patients.

Care for People with Disability

Professionals working in this department are trained to look after those who are suffering from a wide range of disabilities, be it mental or physical, and to help them to get back to society.

To Read More Click Here


Louis Chenevert-Making a Lasting Impact on the Aerospace Industry

Louis Chenevert is a Canadian businessman and the current CEO and Chairman of the United Technologies Corporation (UTC). The Businessman has had a positive impact on almost any organization he has joined. The semi-retired businessman also works as the leading advisor for the Goldman Sachs, besides spending time with family and pursuing other personal interests. Before retiring from the booming aerospace industry, Louis Chenevert devoted his time to helping businesses change the way they tackled production. Specifically, Chenevert had a lasting impact on the aerospace industry. Upon obtaining a degree in production management from HEC Montreal, Louis Chenevert worked for the General Motors, where he was extremely productive thus rising through the company’s ranks and finally becoming the company’s Production General Manager. In 1993, one of the world’s leading aerospace manufacturer, Pratt & Whitney, hired Louis Chenevert to change its leadership. Although the company wasn’t doing fine at the moment, Chenevert guided the company and helped it boost its proceeds. The company’s market share improved significantly within six years Chenevert worked for it. Louis Chenevert also oversaw the acquisition of the aerospace manufacturing companies, Goodrich Corporation, which also used to one of the world’s leading rubber manufacturers.

Currently, Louis Chenevert serves as the CEO and Chairman of UTC, after being elected CEO and Chairman in April 2008 and January 2010 respectively. He is a Business Roundtable and an active member of Executive Committees. Also, Chenevert is the Chairman of Tax & Fiscal Policy Committee. Discipline and innovation are precisely what has kept the businessman’s powerhouse humming. Since joining the aerospace industry, all the corporations he has worked for have experienced impressive financial performance. He has helped them invest vast amounts of money in technology, courtesy of his hard work and unwavering dedication. Despite intense competition in the global aerospace industry, UTC today assembles some of the world’s most advanced jets, both for military and commercial users globally. The corporation also owns the largest escalator and Elevator Company in the world.

Conclusion

Louis Chenevert has undeniably made a profound impact on the aerospace industry. Today, he has plenty of time to pursue his passions which include engineering and designing yachts.

https://www.dailyforexreport.com/louis-chenevert-leadership-investment-innovation/