Insight News

Wednesday
Jul 23rd

Business

Consumers report many issues with magazine telemarketing firm

The Better Business Bureau of Minnesota and North Dakota (BBB) has given Midwest Home Office, Inc., a telemarketing firm which sells magazine subscriptions, an “F” rating, which is the lowest rating a company can get. Complaints to the BBB involve allegations of sales practice issues, non-delivery of magazines and free gifts, and customer service issues.
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Stake holding on West Broadway

Stake holding on West BroadwayThe West Broadway Business and Area Coalition (WBC) is hosting a Membership Drive Kickoff Breakfast to encourage neighbors and residents to become a part of the community organization.   The breakfast, sponsored by Comcast, General Mills and U.S. Bank, takes place Tuesday, March 22 from 8:30 to 9:30 am at the Northside YMCA, 1711 West Broadway in Minneapolis.

Founded in 2007, WBC is a combination of West Broadway Business Association (WBBA) and the West Broadway Area Coalition (WBAC). 
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Mind Your Own Business: Create an Impactful Career Plan

Mind Your Own Business:  Create an Impactful Career PlanBusiness owners usually begin their million dollar futures with a great idea and, soon after, a business plan.  Entrepreneurs sometimes skip over the formal planning stage in their rush to bring in those first few dollars.  However, with or without a plan, the business eventually will flounder, grow, require financing or face an opportunity to sell.  Imagine staring at elevator doors that never open.  It’s the business plan that opens those doors.  To truly succeed, a written document mapping out all aspects of the business eventually becomes mandatory.
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13.8 million for Minnesotans who have not filed a 2007 tax return

The Internal Revenue Service has nearly $13.8 million for about 14,000 Minnesotans who have not filed their 2007 income tax returns. Nationwide, unclaimed refunds totaling about $1.1 billion are awaiting 1.1 million people who have not filed a federal tax return for 2007. To collect this money, a 2007 tax return must be filed with the IRS no later than Monday, April 18, 2011.
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$13.8 million for Minnesotans who have not fi led a 2007 tax return

The Internal Revenue Service has nearly $13.8 million for about 14,000 Minnesotans who have not filed their 2007 income tax returns. Nationwide, unclaimed refunds totaling about $1.1 billion are awaiting 1.1 million people who have not filed a federal tax return for 2007. To collect this money, a 2007 tax return must be filed with the IRS no later than Monday, April 18, 2011.
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Rejection: Getting Through the No’s

Rejection:  Getting Through the No’sBusiness owner Jim brought Sales 101 to his team this week.  He singlehandedly played both parts to demonstrate a very familiar sales call:

Kid: Can I have a cookie?
Dad:  No.
Kid:  Please, can I have a cookie?
Dad:  No.
Kid:  Daddy, please may I have a cookie?
Dad:  No.
Kid:  Just one?  Please?
Dad:  No.
Kid:  C’mon, please, Dad, just one cookie?
Dad (ripping open the package):  Oh, all right, here, take the whole package!
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CRL Report: Credit card reform is working

On May 22, 2009 President Barack Obama signed the Credit Card Accountability, Responsibility, and Disclosure Act, also known as the CARD Act.  At the time, many consumer advocates rejoiced at the enactment that stopped the ability of card issuers to raise annual percentage rates (APRs) even when customers were current on their existing balances.  Moreover, the sum of reforms enacted took a full 15 months for all provisions to take effect.

Despite the protections consumers gained from the CARD Act, some industry executives warned that the historic reform would make credit costlier and less available.  Further, there were predictions that rules and oversight would bring “unintended consequences” for consumers.
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