BANKING & FINANCE: Alternatives to traditional bank financing

Although your new business concept and business plan show terrific promise, even enough to convince your banker of the great potential, you may find it impossible to obtain traditional bank financing.Why? One or more of the 5 Cs of Credit (character, capacity, capital, collateral,...

DESK RAGE: Dealing with employees who lose it

We've all had those eerie experiences when a co-worker went too far, said too much, got too loud. It might have been something as simple as a lost phone message or as important as a lost customer, but your co-worker reacted--overreacted."Desk rage" is a new...

Federico’s selected to sell prestigious Rolex brand

TRAVERSE CITY - If you're in the market for a Rolex watch, your shopping just got easier.Federico's Design Jewelers in downtown Traverse City recently became one of less than 1,000 jewelers in the nation to be awarded the privilege of selling Rolex watches."It's been my...

BANKING & FINANCE: First Federal opens Gaylord branch

GAYLORD - This month, First Federal of Northern Michigan, headquartered in Alpena, will open its ninth branch office at 1000 S. Wisconsin St. in Gaylord."In 1999 and 2000 we went through a strategic planning process and one of the goals was to become a dominant...

Chrome, sweet, chrome

WILLIAMSBURG - Attention Harley owners: Vandy's Speed Shop, a new business providing aftermarket and performance accessories and service for Harley-Davidson motorcycles, opened on June 2.The shop, which is not a Harley-Davidson dealer, is located at 7960 M-72 East in Williamsburg in the old C&J Auto...