Only 25 years ago, today’s ubiquitous use of “universal” bank credit cards might have seemed a futurist fantasy. Prior to the finance regulation of the financial services industry in 1980, banks made consumer loans as “installment” credit. Loan approval was based on an assessment of the applicants’ household income, personal assets, credit repayment history, and outstanding debt. Preferred clients had financial collateral and repaid their loans (pre approved auto loan) on a fixed time schedule. Similarly, financial companies and banks cautiously issued charge cards and revolving credit cards to low-risk clients, primarily upper- and some middle-income households, who used them for convenience or for business. (more…)

Mompreneur - it’s one of the most frequently used hybrids words today. Why? Because moms all over the country are dispelling the myth that mothers can’t be entrepreneurs and starting healthy and successful businesses left and right.

According to “The Shared Characteristics of Entrepreneurs,” written by George Howard, (more…)