Financial Education Services Review

Financial Education Services also known as FES is headquarter in Farmington Hills, MI and has approximately 200 plus employees worldwide. The majority of the services offered by FES are proprietary products developed by FES. There are as well some partnerships most notably, LifeLock the number 1 provider of identity theft protection.

The founders of this company, Mike Toloff and Parimal Naik come from a very successful background relating to the financial services industry and over the last 9 plus years have taken what was once an operation ran from a small back room in a shopping mall to a state of the art facility with representation across the country

Financial Education Services Products

Today’s market place demands products that will not only help consumers reenter the market place but as well help to educate them on important factors related to financial literacy that were never taught during formal educational years.

It is this combination of products, service and education that has helped FES to become a powerhouse in the market place today and what separates them from there competition. When you educate your customer base you have a potential for not only referral business but as well retention of existing clients.

Financial Education Services products consist of Credit Restoration, Positive Credit Building, Pre-Paid MasterCard, Wills and Trusts and the inclusive FES Protection Plan Membership that includes previous mentioned services along with DebtZero (Debt Pay-off System) and My Financial Lockbox.

Financial Education Services Business Model

The business model or distribution of these financial services is delivered through a network of independent distributors or what FES refers to as “Agents”. Agents are compensated for the sale of these products and also have the ability to build teams of agents and receive overrides and bonuses based on their team production.

The business model is a form of MLM or as more commonly referred to as Network Marketing. The unique thing about the FES model as that agent’s can opt to simply sell the products and not participate in the team building aspect of the business although to maximizes the compensation plan you will want to participate in both sales of products as well as team building.

Is Financial Education Services Right for You

Well let’s examine the facts; it is estimated that over 50 million Americans have less than a 599 credit score (Sub-Prime Credit), 90% of the population does not have a will and trust combination, the average consumer household debt is approximately 20K with no plan in place to pay it off and identity theft is the fastest growing crime in America. With that being said, it’s almost a certainty that most people know someone that can use the services that Financial Education Services provides.

The most likely candidates for the FES business opportunity are professionals in the financial services industry such as mortgage brokers and Real Estate professionals. There has also been a recent surge in interest from the insurance industry.

This opportunity just like any other home based business is great for anybody looking to enter the network marketing industry. There are no license requirements for the agents since FES is licensed and bonded in all 50 states including Puerto Rico.

The bottom line is if you’re the type of persons that needs the services offered by FES, will to sharing products that can benefit others or enjoy working from home than the Financial Education Services opportunity could be right for you.

Outplacement Services – An Industry Overview

The outplacement services industry has existed in one form or another for many decades. The trends have moved back and forth from job search counseling to resume development to career management, presented through a variety of avenues from individual coaching to group seminars to online education. The most recent paradigm focused on one-on-one coaching, primarily a result of the booming economy in which quality candidates had their pick of jobs. However, the recovery from this recession is changing the landscape of business and the workforce, and the outplacement services industry is going to have to transform again to keep up with the needs of displaced workers.

The primary services of most outplacement services companies involve sprucing up the resume and providing networking contacts. Recruiting firms and consultants presently dominate the industry, using their rolodexes of specific-industry contacts to match corporate needs with employee skills. Unfortunately, the jobs are quite scarce right now, and these recruiters are overloaded with quality resumes and no place to send them.

The one-on-one coaching so popular just a few years ago is obsolete…finding the perfect job is less of an issue than simply finding a regular paycheck. Employers can afford to be more particular than ever, and a few well-placed job ads will get them sufficient response to find exactly what they need on their own. But the basic approach of the outplacement services industry isn’t the only problem…the new economy is going to require much more.

This recession is the worst experienced since the Depression era, with unemployment continuing at record highs. A great many of the jobs that have been eliminated are never coming back, and currently there is just one job opening for every five officially unemployed Americans. This means two things. First, some workers are going to have to take the leap into entrepreneurship to regain control over their worklife and financial future. Second, the companies that survive and thrive through this economic disaster are going to need more from their employees, particularly once they are ready to start hiring again.

The new economy requires a solid basis of entrepreneurial skills from business owners and staff alike. The order of information on a candidate’s resume isn’t nearly as important as his or her ability to play an important role in the company. Employees at all levels of the organization will have to be collaborators, contributing innovative ideas to improve efficiency and provide better customer service. The days of wasting away in a cubicle are over for the most part, and those who want to remain employed for the long term will need the entrepreneurial skills to help their employer adapt and thrive in this constantly changing environment.

The outplacement services industry must respond to these changes by offering quality training that allows displaced workers the option of going out on their own or landing the right position with the right company. Competition in either option is fierce, and the classic skills and experience of the American worker just aren’t going to be sufficient in the new economy. Whatever a displaced worker’s past experience, he or she will need new skills to survive in this new economy, and the outplacement services industry needs to take the lead in getting folks on the right track.

Present and Expected Future Growth of Catering Services Business

Catering services business is a rewarding option with huge potential of growth. Considering the importance of social celebrations and events, corporate cultures and social lifestyle, you can consider the catering industry to expend its status and profitable nature further.

Catering service providers are finding recognition at small as well as big levels. The catering industry is not only favorable for home based businesses; it is helping the social caterers to make big profits. Though, it is obvious that only those service providers in the industry succeed who are able to withstand this demanding business option.

As far as the current trends of catering services industry are concerned, it has attained status among top industries with an ever-increasing demand of various services offered by it. Social caterers in the United States, for example, make sales of over 6.5 billion dollars every year. This figure should significantly increase if the sales generated by home-based and unknown caterers are added to it.

The restaurant industry came up with good figures even when other industries were struggling during the period of recession. The consumers in the United States spend about 50 percent of their total food budget in the restaurants. This clearly indicates how the establishments like restaurants, cafes and other types of eateries are growing their profits year after year.

The catering services industry in the developing countries too is enjoying the favorable period of growth. The countries like India has its people adopting to the new lifestyles which include better food preparations for different types of social and cultural functions and increased habit of people to eat in restaurants regularly.

The main promising factors that ensure that the catering industry is going to maintain its consistent growth for the years to come include:

  • Household with higher income are helping the catering industry to flourish. In the developing countries as well, the household income is increasing at a fast pace. So, more and more people are attracted towards the catering industry and the services offered by it.
  • Corporate culture that holds a number of meetings, conferences, business lunch and dinner parties are becoming greatly dependent upon the catering industry services. The trend might not be that new for the developed countries, but the countries that have recently discovered the corporate culture are helping in the industry to attain popularity.
  • Birthday parties, wedding receptions and other types of family events are more and more relying upon the catering service providers. This is mainly because of the increase in number of working mothers that give them less time to do preparations in the kitchen.
  • Finally, people are getting more attracted towards the fashion of eating out with families and friends. This type of lifestyle is again new for the developing countries.

As you can have an idea from the discussion above, the catering services industry is one of the best options for those planning to have their own business. Start with a good business plan and keep an eye on the existing competition to have a successful catering business.

Why Recession Can Be Good For Business

Business today is so often won at the expense of a competitor.

In a recession many small and medium sized enterprises (SME) ‘batten down the hatches’, indulge in an extensive cost cutting exercise. Large corporate business has learnt to invest in continual customer acquisition programmes, in an attempt to avoid the feast and famine / boom and bust cycle that is typical of the global economy (ten year cycles?). Almost always this knee-jerk reaction by SME management involves stopping most marketing activities or canceling the marketing budget, which amounts to the same thing and produces a similar poor performance.

If your competitors are cutting down on marketing, might not there be a good business case for your business to increase or diversify its marketing activities or maintain its marketing budget? What about your customers? What are they doing? Have they stopped wanting and needing your services? This is unlikely. The usual reaction by customers is that they require more guarantees, better service, and better value-for-money. Even in the travel industry which relies on consumer surplus spending power, customers generally do not stop wanting holidays, they merely choose different holidays, fewer days or shorter durations, nearer destinations, sometimes choosing less expensive accommodation, and always reducing the amount of add-ons and extras they purchase. How best can a business respond to the changing expectations of its customers? The answer must include flexibility.

This means something different dependent on each market sector, and niche. The ability to respond quickly in today’s increasing complex business world requires an important blend of the following:

1. Established network of business contacts.

2. Strong and reliable source of finance.

3. Strong relationships with its key stakeholders (customers, suppliers, employees, shareholders).

4. Strong psychological contract with its workforce.

5. Robust business processes.

6. Strong management information and control systems.

All the six business functions need to be managed and balanced. Most SMEs possess in-house one or two management specialisms, such as personnel or operations expertise e.g. manufacturing, engineering, but will not have the other four disciplines. Large medium and corporate companies possess all the key management disciplines internally, but their weakness comes from the inner conflict caused by departments competing for resources.

How can a SME compete effectively with larger businesses? Management gurus will tell you it is flexibility. This is true. How does a SME optimise itself to deliver sustainable flexibility is many times beyond the reach of the average business or ‘mission impossible’. This is precisely where outsourcing becomes so vitally important. The business service industry is well-placed to deliver business support that can be the ‘magic bullet’ that many SME senior management is seeking. A professional business adviser can quickly establish what are the critical success factors (CRS) and as an outsider or external resource of business expertise can provide a focus and ‘driver’ to achieve vital business objectives.

One key way to do this is in the form of coaching senior management, with a specific focus on empowering them to take key business decisions more quickly, more decisively based upon better information.