Allstate likes to call agency ownership “the best small business opportunity in America.” You buy an agency owner’s economic interest in their book of business, then collect commissions on those renewals (now 9%) while you sell more policies and grow the income stream. Since people have to have auto and homeowners insurance even in an…
You may be familiar with car sharing, where you lease your car out (and make money) while you aren’t using it. Turo seems to be the biggest player in this space. Their process is a lot like renting out a vacation rental on AirBnB. You list your car, respond to requests, meet the renter, let…
In the first week of November, three banks failed. Regulators shut down City National Bank of New Jersey, Louisa Community Bank and Resolute Bank in the period of one week. Each of these three banks shared something in common at the time they were shut down: zero star ratings at Bauer Financial. Banks are…