Category Archives: Business News

Marc Sparks and the Uncommon Meaning of Success

Many times, the stereotypical businessman may be seen as having the planets align in his favor and his success built on the backs of others. These preconceived notions are shattered by Marc Sparks, a truly unique and successful entrepreneur who will quickly dismiss the false ideas about venture capitalism. Also a notable philanthropist, Sparks has balanced his hard work with a genuine heart for others in a way that is rarely seen. Learn more: http://thebrotalk.com/bro-recommendations/dallas-entrepreneur-marc-sparks-spills-must-visit-list-wineries-dfw/

 

Marc Sparks has created his current success through various lessons that came from his experience in the field of venture capitalism. Sparks graduated from high school in 1975 and almost immediately began helping to fund startups. With over 30 years of experience at the present time, Sparks retains a select number of portfolio companies through his venture capital firm, Timber Creek Capital LP. The unique approach by Sparks to build companies comes from creating a positive culture within the ranks of the business instead of merely relying on a bare-bones model.

 

The breakthroughs achieved by Marc Sparks in both business and life has culminated in the publishing of his first book, titled They Can’t Eat You. Within the book, Sparks very candidly details the different stages of his life and career, offering unmatched insight regarding how an optimistic attitude and dedicated work can ultimately lead to success. Still, “success” takes on a different meaning for Sparks. He mentions that being rich equates to having good health, a loving family at home, and friends with which to spend time. Learn more: https://classroomvoices.org/marc-sparks-risk-taker-in-and-out-of-business/

 

This different approach to the world by Sparks is most apparent in his philanthropic efforts. Since the 1980’s, Marc Sparks has been a part of The Samaritan Inn, a homeless shelter based in Texas that helps individuals start down a new path to a better life. The Samaritan Inn offers a comprehensive program that rehabilitates the homeless and assists them in entering the workforce.

 

Sparks also has a strong passion for building and construction, which is evident in his time spent with Habitat for Humanity. He has helped build numerous homes through his own contributed manual labor, efforts that naturally tie into his enthusiasm for staying active and being healthy. The love for competition displayed by Sparks carries over into sports and outdoor activities.

 

In order to expand his global perspective, Sparks has visited numerous countries around the world and uses the cultural experience to improve his own life and business strategies. Learn more: http://www.prnewswire.com/news-releases/entrepreneur-marc-sparks-transforms-office-to-optimize-innovative-collaboration-300024747.html

 

Mike Baur’s Contribution to Innovation in Switzerland

Mike Baur is an entrepreneur from Switzerland. He is the co-founder and the executive chairman of Swiss Startup Factory. His main work at the company is fundraising and financing rounds. The company was started in 2014 with the aim of creating global companies to counter the existing norms and business models.

Baur has worked in the banking sector for over two decades. He worked at UBS as a commercial apprentice. He left UBS and joined Swiss Private Bank where he rose to become an executive board member. He quit and started to invest in startup companies.

In 2014, he met with Max Meister and Oliver Walzer and together co-founded Swiss Startup Factory. Their business involves a three-month program where they assist early stage startups with benefits such as financing, services, training, consultation, office space, and the connection to a big entrepreneurial and investment networks.

Swiss Startup Factory is the Switzerland’s leading autonomous privately funded early phase ICT Startup Accelerator. This factory is an accelerator that looks for emerging digital entrepreneurs. The company operates from its headquarters in Zürich Area, Switzerland.

Baur spends most of his time working in the Swiss youth entrepreneurship. He also provides financial and mentorship assistance to different Swiss startups. Additionally, Baur is the co-founder and director of another organization called Swiss Startup Association.

Education

Baur has a Bachelor of Applied Science (Banking and Finance) from the University of Applied Sciences Bern. In 2008, he earned an MBA the University of Rochester. He also has an Executive MBA, from the University of Berne.

Experience

After finishing his studies, Baur worked in the UBS Wealth Management in the first years of his career. The companies are UBS Fribourg from 1991 to 2000, Wealth Management Switzerland between 2000 and 2002, and KeyClient Group Switzerland between 2002 and 2008.

In 2008, he joined Clariden Leu and worked as the Business Area Head of the Private Banking Switzerland. In 2011, he became the Head Private Banking Switzerland. In 2012, he joined Sallfort Privatbank AG as the Head Private Banking. He left the company in 2014 and founded his firm called Think Reloaded AG, a company he still manages.

Since 2015, he has been working for Innovation Lab Fribourg (ILF) as the Vice President. The company uses its network of mentors, coaches, investors, and business people from Switzerland to assist students in exposing their technologies to the business world.

From January 2016, he has been working at Swiss Startup Invest as the deputy managing director. The company provides assistance to Switzerland’s high-tech startups.

The Revamp of Nationwide Title Clearing

Nationwide Title Clearing is at the center of dealing with the title defects among those who deal with real estate. NTC is a mediator between those people who deal with the mortgage, and their main work is to ensure that the whole process is secured and that the necessary transitions are done smoothly and without malicious acts. They consider many factors that may take into account a title invalid in case whoever is claiming it has some questionable records. The NTC has made most of its services available online like tax report, tax status, current owner report, assignment verification report services. The online services are to make it possible for people to get the services quickly.

NTC do gather information step by step to ensure that the property is in a safe state, and its report is reliable. Due to its professionalism, most of the big lenders in the US trust NTC for the accurate report and a better service. NTC does the audit for clients to eliminate the so many documents that are not necessary for whoever will be the end user of the document. The final document has all the very relevant and correct report included in it.

Nationwide Title Clearing, NTC, was founded in the year 1991. He privately owned organization has its base in Palm Harbor in Florida. Its main aim is to do research for mortgage lenders and mortgage owners. NTC has made the availability of information from all over the country available at one point and with a high level of accuracy. In the year 2013, it was ranked number 26 in the category of the fastest growing companies. Apart from that, the company has received a lot of recognitions and awards from different organizations.

Latest Development about Nationwide Title Clearing

The company is growing and bettering its services daily. The opening of its new offices in Dallas and Texas proves that Nationwide Title Clearing is growing. The new offices are planned to have a good infrastructure, database, and staff. All these efforts are to rein force the point that NTC is the largest service provider to investors, servicers, and financial institutions. These two new offices in Taxes and Dallas have been set up in a manner that data can’t get lost in case of any damage. There is a data recovery system that will ensure the safety of data all the time. The new facility is designed to have a data recovery site for all the staff, infrastructure, and data.

The company CEO Mr. John Hillman assures customers of the safety of their data and the best services that they may need. The Dallas offices will now slowly duplicating the services and products in the Midwest as it grows.

Learn more:

http://www.myyp.com/Palm-Harbor,FL/Nationwide-Title-Clearing-Inc/profile

Business Changes At Stephen Murray’s CCMP Capital

CCMP Capital Advisors specializes in “growth equity investments and leverage buyouts.” Six months after closing on a $3.6 billion fund, CCMP Capital’s ‘key-man,’ Stephen Murray passed away. This came just one month after he cited, “health reasons” for his immediate departure from the company in February 2015. Stephen Murray was one of the original founders of CCMP.

The death of the former Chief-Executive-Officer’s left many unknowns for the latest fund. Upon release of Murray’s announcement, CCMP’s advisory board, quickly followed with its own public statement, saying that due to the aforementioned, “health related issues,” they would move to permanently replace Stephen Murray CCMP Capital.

One can assume many relevant concerns. But in the end, the only thing that mattered from a business standpoint, was honoring the ‘key-man’ provision; to protect the future of the $3.6 billion fund.

According to information, provided by an inside source, the financial and business news magazine, Fortune, reported that Stephen Murray was forced to step down, due to “substance abuse” problems. This was a direct concerned, when the $3.6 billion fund closed in September.

The concerned was addressed by a dual-provision, which allowed for more than one key man. As it turned out, this clause permitted ‘then’ Chairman, ‘now’ Chief-Executive-Officer, Greg Brenneman, to take over as key man, immediately.

At the time of Murray’s death, the fund was 40% committed and although it was contractually protected by the dual provision; it wasn’t an automatic key man switch. A committee had to vote Brenneman as an appropriate replacement, through a process called, “rolling reinstatement.”

Before founding CCMP, Stephen Murray began his career as a low level trainee in the credit department of Hanover Trust Company. Through hard work, he rose to higher ranking executive positions, being promoted to Vice President of middle market lending, for the same company.

Prior to being named CCMP, the Hanover Trust Company was part of a much larger division of JPMorgan. That was in merger deal in 2000, then in 2005, Stephen Murray was promoted to head of the JPMorgan Buyout Division. Learn more about Stephen Murray CCMP Capital: http://www.wsj.com/articles/ccmp-capital-advisors-gets-backing-to-resume-investing-from-fund-1430946145

Later the next year in 2006, the separate spinoff company, CCMP, was officially named as a single business entity. CCMP was created in order to bring diverse business investments to the table, without presenting the image of favoring the firm.

A $20 Million CRDA Loan Leaves Questions For Devco

Press of Atlantic City online has reported a huge $1 million dollar loan that not been paid by Middlesex County Improvement Authority. The principal and interest from the loan has soared to $2 million dollars. In an attempt to build a casino through the internet Casino Reinvestment Development authority. Unfortunately, they have been behind for the past five years already racking up $7 million dollars in debt. The loan that was initially made in 2005 spearheaded the construction of The Helmich developed by the nonprofit New Brunswick Development Corporation. The construction was taking place to build a conference center and hotel in New Brunswick.
Devco is a construction and management company serving and proudly based in the New Jersey area. They’re quickly becoming one of the largest development companies in the industry. They have a professional portfolio that consists of expertise in design, construction, property, and project management. They work with high end construction projects that are estimated in the $2-40 million dollar price range. They have over 30 years of experience in the construction industry and joint management ventures that include Managing Director’s Romando Nascarella. Get your signature design for your high end real estate or commercial project design ideas.

There past projects include Le Mans Toyota Showroom in Tottenham, State Basketball Center in Wantirna South, Mount Waverley S.C. in Mount Waverley and many more. There future projects will include Wyndham Lounge residential aging care and BMW South Yarra including a showroom and workshop. They go by the drawings ans specifications of their clients with a quality control guarantee. They have a test program and a quality assurance inspection test. Visit their Devco Company quality assurance policy for more details. Devco is a strong supporter of environmentally sustainability with limited impact on the social and biological environment.

 

Martin Lustgarten’ Life as an Investment Banker

The today’s world economy is recovering at such a high rate, and the common market prices are now stabilizing, and it’s at this point an idea of investing should cross your mind. It is important being optimistic that something good is coming in the future. Investing or saving for your retirement period is one of the best things to do but is never achieved easily. The majority face these problems where they lack knowledge on how to go about it and end up not investing. This is where smart investment bankers come into place to help them achieve their goals.
Martin Lustgarten, who via his Instagram handle describes himself as a lover of all things vintage, curious personality, collector of all things beautiful and a juggler, has his roots originate from Austria and Venezuela and had to leave his citizenship for the love of his clients. He lives now in Florida, America where he works his very best to help his clients. He stays open and keeps an eye on the International market trends; where he is interested and has spread his fortune in several countries. He believes in providing the best to his clients and serves as a perfect example of an entrepreneur.
Martin Lustgarten not only puts all his efforts in helping people invest but also uses his intelligence to spot and sense trends before they shoot and that’s a skill every investor should have to avoid market losses which lead to huge financial crisis. Martin works very hard and accumulates his wealth at a faster pace, and this is where other investors should copy him. He also feels that keeping a diverse global portfolio is also imperative, and this keeps all his clients largely wanting more from him, and he’s such a promising man.
Martin Lustgarten, who has a great history in the investment industry, is a very useful person and is one of the best men to move with in terms of advice, motivation, tips on accumulating wealth and your financial security. He just comes at the right moment when the world needs him the most and becomes a great pillar every other investor should learn with.

 

Coca-Cola Stops Production in Venezuela

A shortage of sugar in Venezuela has led to Coca-Cola halting production of the beverage in the state. Suppliers in Venezuela have notified numerous companies that there is very little sugar. In a state that according to expert  Adrian Jose Velasquez Figueroa is rich in oil and that has access to money, there shouldn’t be a shortage of sugar or other materials that are needed for businesses to succeed. Officials should realize that if they don’t take a proactive stance, they will end up losing more businesses in the state. When businesses leave, it will mean that there are no jobs for the people who live there added Figueroa. Those who have already lost income because of the energy shortage will likely begin to see there is even less money for essentials like food and utilities. There are food and medicine shortages in Venezuela as well. The economy is on the verge of collapse, and Coca-Cola pulling away is only another sign that the state is rapidly deteriorating.

 

 

 

Darius Fisher Opens Up About Establishing Status Labs

Darius Fisher is the CEO of the online reputation management company Status Labs and for the better part of the past five years his work has been changing the face of the internet. The internet, as we know, is one of the last frontiers for modern businesses to explore, dominate, and extend their outreach upon. With this new frontier ready to get plunged into, it stands to reason that there is some work to be done in terms of preparing for it. Darius sat down and talked about his inspirations for work and what made him tick as he jumped into the world of online entrepreneurship.

 

When asked how he got his start into online reputation management Fisher said that he “found a way” and ended up leaving his comfortable job as a copywriter in order to make it happen. One of the primary motivations for his job switch was the ability to have the sort of freedom that can only come with becoming a successful CEO. Fisher wanted to travel, see the world, and change it along the way. Perhaps his time spent reading favorite book, “How to Win Friends and Influence People” by Dale Carnegie, helped out as well.

 

In any event Fisher’s work with Status Labs would go on to dramatically change the fortunes of several major businesses since the company’s inception. Fisher and Status Labs are uniquely focused on the digital frontier when it comes to managing brands, enhancing reputations, and getting ahead of potential problems. Status Labs rose in popularity a couple years back when Fisher stood up for the victims of the Ashley Madison hack, proclaiming that internet privacy should be expected of all people, not just those we think deserve it.

 

Status Labs and Darius Fisher have grown exponentially over the past couple of years and now lay claim to having clients in 35 country’s around the globe. Status Labs is at the forefront of a digital movement that has become almost required in order to find success in the internet’s business world. Status Labs will continue to grow as the internet grows with them.

More information for Darius Fisher:

Twitter: @fisherdarius

http://www.huffingtonpost.com/darius-fisher/

 

West Michigan Tycoon Throws his Weight behind Marco Rubio

Entrepreneur Dick DeVos has rallied his affluent family into backing Marco Rubio in the forthcoming Republican nominations. This support comes at a crucial time when the Florida Senator’s presidential campaign needs a financial boost. Making an announcement during an exclusive interview with The Detroit News, Dick stated that his family had settled on Rubio after Jeb Bush dropped his interest in the presidency. 

The DeVos family is thought be one of the most powerful in Michigan and helps raise funds for the Republican Party. Their endorsement of Rubio will inject the much needed financial and ideological aid into the campaign and thus help it gain an impetus.

The family has been acquainted with Rubio since he was the speaker of Florida’s House of Representatives from 2006 to 2008. They pay tribute to him for improving the education sector in Florida, a cause they strongly supported.

Dick DeVos in brief

The Michigan resident attended Northwood University where he graduated with a degree in business administration. In 1974, he begun work at Amway Corporation, a firm co-founded by his father. He held several positions in research and growth, manufacturing, advertising, sales and finance. He quickly climbed up the corporate ladder and by 1984, he was one of the vice presidents of the conglomerate. He was put in charge of the company’s operations in 18 countries. During that time, global sales grew from 5 percent of the revenue to account for 50 percent of annual sales.

Learn more about Dick DeVos on New Netherland Institute website.

In 1993, Dick became the president of Amway. Under his leadership, its operations spread out to over 50 countries on six continents. He is recognized for overseeing the reformation of the company. He was also the President of basketball team Orlando Magic. His tenure brought considerable success to the franchise (see Michigan Live article for details). Away from the corporate world, Dick is an enthusiastic sailor and aviator.

He is married to Betsy DeVos and together they have four children. He also authored an inspirational book.

Dick’s Philanthropy work

He is the president of the Dick and Betsy DeVos Foundation, a charity that has given out millions of dollars for benevolent causes.

Betsy shares her approach for creating more quality educational opportunities for children in Detroit.

Posted by Dick DeVos on Tuesday, February 23, 2016

It acts as a facilitator for partner groups so that together they help societies grow and become sustainable. It supports hospitals, schools, colleges and churches. To read more about the foundation, click on this link.

Connect with Dick on his LinkedIn here >> https://www.linkedin.com/in/dickd

George Soros predicts the 2008 economic meltdown is happening again

George Soros is the chairman and founder of the Open Society, and it form networks of partners, projects, and foundations in more than 100 countries. Soros commitment to the idea of an open society where the government is accountable, rights are respected, and believe that no one has the monopoly on the truths make the Open Society a unique philanthropic foundation. https://www.opensocietyfoundations.org/people/george-soros. He pointed out his success in financial markets give him a greater degree than most people, and this obliges him to take a stand on controversial issues, since often the affected population may not be able.

George Soros started his career in 1950, and he gained a reputation for his investment prowess in 1992 after netting $1billion with a bet that the U.K pound would be forced to be devalued. http://www.bloomberg.com/news/articles/2016-01-07/global-markets-at-the-beginning-of-a-crisis-george-soros-says. In addition, he has greatly helped in bringing accountability and transparency in natural resource extraction industries through international system. Over the past years, the practice of making secrets payoff to local tyrants in extraction industry fueled some of the most heinous violence and worst political unrest. https://www.opensocietyfoundations.org/people/george-soros

According to George Soros, the current economic environment is similar to that experienced in 2008. His prediction is that the 2008 financial meltdown is happening again. He has been quoted in The Economist saying that the current financial markets reflect and remind him of 2008. Soros believes China economy is having some serious problems, which are being transferred to rest of the world. He points out that even though many world news sources and China government say otherwise, concerning Chinese economy decline especially the manufacturing sector, China economy has problems. http://www.economist.com/blogs/buttonwood/2016/01/markets

The growth and geopolitics are major issues that make 2016 reflects 2008. The World Bank has already predicted 2.9% drop from 3.3% growth in 2016. Nevertheless, the crashing commodity prices indicate that we might be heading in the same position in 2016. http://www.economist.com/blogs/buttonwood/2016/01/markets

George Soros predictions have been welcomed around the world. Albert Edward, a strategist at the bank of Société Générale also concedes with Soros views. He stated that the Western countries are about to be hit by a wave of deflation from emerging market economies, yet the central banks are not aware. This can be reflected by turbulence in the market since the beginning of the year. http://www.theguardian.com/business/2016/jan/12/beware-great-2016-financial-crisis-warns-city-pessimist

As explained on Bloomberg Business http://www.bloomberg.com/news/articles/2016-01-07/global-markets-at-the-beginning-of-a-crisis-george-soros-says the measure of volatility is surging since the start of the year. The Chicago Board Options Exchange Volatility Index, commonly known as fear gauge has climbed 13 % up. The Nikkei Stock Average Volatility Index, which gives a cost of protection against Japanese shares, is about 43% up. Merrill Lynch index, which measures anticipation of price swing in Treasury bond, has already climbed 5.7%. It seems the stock markets are acting as if Soros is right.