Category: finance

Savannah SCORE Offers Opportunity for Entrepreneurs to Win $10K to Launch Their New Business

(SAVANNAH, GA) Got an idea for a unique, exciting new product or service? Then consider entering Savannah SCORE’s “BizPitch Savannah™ 2019″ entrepreneurial competition. A kinder, gentler version of TV’s “Shark Tank”, aspiring Savannah area entrepreneurs will be able to pitch their new business ideas to a panel of judges for the chance to win over $10,000 in cash and professional business services to help launch their new business.

Proposed businesses must be new start-ups or, if you have an existing business, you must have obtained your Savannah/Chatham County business license after March 1, 2018. Winners must locate and operate their business within Chatham County and launch by January 1, 2021. Applicants must be at least 18 years old.

Complete Rules and the Online Application are available at http://bizpitchsavannah.com. Applications will be accepted through midnight, July 29, 2019, with a $25 non-refundable application fee payable at the time of submission.

Eight finalists will be chosen to pitch their business ideas to the panel of judges at Savannah SCORE’s “BizPitch Savannah™ 2019” event on Friday, Sept. 6, from 4-6:30 p.m. The event will be held at the Coastal Georgia Center at 305 Fahm Street, Savannah. It will be free and open to the public.

The five judges are:

“BizPitch Savannah™ 2019″ is presented by the Savannah Chapter of SCORE in partnership with the following sponsors and professional services donors:

The City of Savannah; Savannah Economic Development Authority; Savannah Area Chamber of Commerce; Small Business Assistance Corporation; UGA Small Business Development Center; The Creative Coast; MassMutual; Wells Fargo-The Private Bank; BB&T; Savannah Morning News/GateHouse Media; HunterMacLean; Kenkel Design; Carriage Trade Public Relations® Inc.; Salesdialers.com; Advertising Specialty Services; Habersham Beverage; and Sand Dollar Accounting.

The competition rules and online application are available at https://bizpitchsavannah.com. For more information, visit the website or contact Savannah SCORE at bizpitchsavannah@gmail.com.

About SCORE 

SCORE is the nation’s largest provider of business mentoring and educational services to aspiring entrepreneurs and small business owners. Savannah SCORE has been named SCORE’s 2019 Mid–Market “Chapter of the Year”. To schedule a free business mentoring session with a Savannah SCORE mentor, go to https://savannah.score.org or call 912-652-4335.

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Bishop Hartmayer blesses Corpus Christi worship space

Bishop Hartmayer blesses Corpus Christi worship space

More than 300 people filled the worship space in the multi-purpose building for the blessing of the long awaited home for the Catholic Communty in Pooler.

In 2015, Fr. Gabe Cummings of St. Frances Cabriniand Barbara Goodwin began searching for a temporary location where a weekly Mass could be celebrated in Pooler. The Reverend David Wesley Lemburg, pastor of Saint Patrick’s Episcopal Church, Pooler, opened its doors to the Catholic community and became the place where the faithful would gather.

Father Thomas J. Murphy, the pastor of Our Lady of Lourdes, Port Wentworth, was appointed by Bishop Hartmayer to establish the new community. The first Catholic Mass was offered on May 2, 2015 with a standing-room-only crowd. The group was named the Pooler Catholic Community.

After initiating a capital campaign under the leadership of co-chairs Barbara Goodwin and Dozier Cook, the members of the Pooler Catholic Communityraised the funds needed to clear ground donated by the Diocese of Savannah, at 1745 Benton Blvd. As plans for a new church were underway, the groundbreaking took place in October 2017.

On the feast of Corpus Christi, June 15, 2016, the Bishop announced that the new church would be named Corpus Christi Catholic Church— the Body of Christ.

The 17,000 square foot multipurpose building will be used for worship, pastoral offices and religious education. Future plans call for a sanctuary to be built at the location.

Felder & Associatesserved as the lead architect and R. W. Allenwas the commercial general contractor for the project.

ABOUT FELDER & ASSOCIATES
Established in 2012, Felder & Associatesspecializes in historic preservation, commercial architecture, adaptive reuse architecture, corporate interior design, high-end residential design, green building and neo-traditional building. The firm has a staff of LEED accredited architects and interior designers who focus on sustainability. Locally, Felder & Associatesis a member of the Savannah Chamber of Commerceand Historic Savannah Foundation. The firm is nationally connected in the American Institutes of Architects, the American Society of Interior Designersand the United States Green Building Council. Felder & Associatesis a member of the International Interior Design Association. In 2014, Felder & Associatesreceived a historic preservation award from the Historic Savannah Foundationand the best architecture firm award from Savannah Magazine. Felder & Associatesrecently completed the Grey restaurantin the former Greyhound bus depot in the Savannah historic district. The firm is located at 2514 Abercorn St. Suite 110, Savannah, GA 31401. For more information or to contact Felder & Associates, call 912-777-3979, or visit www.felderassociates.net

Savannah SCORE Offers Opportunity for Entrepreneurs to Win $10K to Launch Their New Business

Savannah SCORE Offers Opportunity for Entrepreneurs to Win $10K to Launch Their New Business

(SAVANNAH, GA) Got an idea for a unique exciting new product or service? Then consider the new “BizPitch Savannah™” entrepreneurial competition, a kinder, gentler version of TV’s “Shark Tank.” It’s a chance to pitch your idea to a panel of judges with the potential to win $2500 in cash and a package of professional start-up business services worth an estimated $7,500.

BizPitch Savannah™, presented by the Savannah SCORE

BizPitch Savannah™, presented by Savannah SCORE

This can either be a new start up or, if you have an existing business, you must have obtained your Savannah-Chatham business license after March 1, 2017. You must be at least 18 years old. Applications will be accepted through midnight, Wednesday, Aug. 1, with a $25 non-refundable application fee payable at the time of submission.

Eight finalists will be announced on Aug. 10, and will make their pitches to a panel of judges at the “BizPitch Savannah™” event on Friday, Sept. 7, from 4-6:30 p.m. at The Creative Coast, 2222 Bull St.

The five judges are Jesse Cole, entrepreneur and owner, The Savannah Bananas; Jen Bonnett, vice president of innovation and entrepreneurship for the Savannah Economic Development Authorityand executive director of The Creative Coast; Susan Speros, founder and president of Speros Business Technology Solutions; Sheree Darien, community development loan officer, Small Business Assistance Corporation; and a certified Savannah SCOREBusiness Mentor.

Three winners will receive the cash and services.

Competition rules and application forms are available at http://bizpitchsavannah.com.

BizPitch Savannah™” is presented by the Savannah Chapter of SCORE, the nation’s largest provider of free business mentoring and educational programs for aspiring entrepreneurs and small business owners. Sponsorships and donations for the event include those from:

MassMutual
Savannah Economic Development Authority
Savannah Area Chamber of Commerce
Savannah Morning News / GateHouse Media
ArcMedia Group
Small Business Assistance Corporation
Bouhan Falligant
Kenkel Design
Wells Fargo – The Private Bank
City of Savannah Office of Business Opportunity
The Creative Coast
HunterMaclean
Yates-Astro
Carriage Trade Public Relations® Inc.
Salesdialers.com
Ad Specialty Services

For more info please contact Savannah SCOREat bizpitchsavannah@gmail.com.

 

Divorce is About Making Good Financial Decisions

Divorce is About Making Good Financial Decisions

By Sam Hubbard
Principal, Coastal Divorce Advisors

While you’re in the midst of a divorce, you’re going to have to weigh a lot of financial choices while dealing with the weight of strong emotions. You can minimize emotional stress by anticipating what decisions you have to make and understanding what’s involved in making them.

Below are common hurdles that people who are divorcing need to be aware of and the factors they need to consider to make confident, constructive decisions.

Can you afford to keep your home?
While you may have a personal attachment to your house, especially since your kids call it “home,” it is ultimately a huge expense to maintain year after year. All too often, the spouse who wants to keep the house only analyzes whether he or she can cover the mortgage and the property taxes, but fails to consider the “oh no’s”: “Oh no, the built-in refrigerator broke,” “Oh no, the HVAC system needs to be replaced, “Oh no, we have termites.”

Unforeseen expenses can cost thousands of dollars and could cause you to lose your house, or worse, push you toward bankruptcy. While a house is an asset, it is ultimately an expense. Make sure to take all homeownership costs – anticipated and unexpected – into account and try to remove emotion when deciding whether you can afford to keep the house.

Should you divide your property down the middle?
When you begin a divorce, it’s only natural to think “all our assets should be split right down the middle.” But since no two assets are created equal, this type of thinking may put you at the short end of the stick.

In a divorce, it’s common for spouses to divide property by what they see as equivalent value. For example, if one spouse gets the house, the other spouse may get the investment accounts, both valued around the same amount.

But tread carefully. Some assets, like certain pensions, may be completely illiquid and cannot be sold or transferred to a spouse. Others assets may have significant tax implications from a low-cost basis or may have large transaction fees (like the sale of a house). Make sure you initiate a complete analysis of the assets before making any decisions.

Do you want to tackle debt before your divorce?
If your spouse ran up balances on your credit cards during your marriage, in the bank’s eyes, it’s a shared responsibility, no matter who did the spending — even if the court decides your ex-spouse is responsible for it all.

Banks can still come after you for payments your ex-spouse didn’t make, jeopardizing your finances and damaging your credit score for years. Making the choice to pay off as much debt as possible before you finalize the divorce is often a good one.

Should you protect yourself from unanticipated events?
If you will be receiving alimony and child support, what happens if your ex-spouse passes away or becomes seriously disabled? Would you be able to support yourself and your kids if you no longer receive these payments? Consider purchasing life and disability insurance specifically tailored for divorce so support payments continue if something unforeseen happens to your ex-spouse.

Should you evaluate your settlement agreement from a current perspective?
When looking at a settlement proposal, what may seem like a great deal now could quickly turn into financial ruin down the road. You need to make sure you don’t evaluate your proposed settlement by your current costs or budget but by how your finances will look in 5 or 10 years.

Projecting your cost of living will help you determine the long-term consequences of a settlement option and whether you’ll be financially well-positioned years after the divorce. Make sure you have accurate projections on-hand and do not rush into signing a proposal just to be done with it.

Can you be disciplined to make financial decisions in unison, not one by one?
When going through a divorce, looking at any single financial aspect in a vacuum and not seeing how it relates to others could cost you. The division of assets and liabilities, tax consequences, inflation, alimony, and child support are all pieces of the settlement puzzle that need to work together to help ensure the most favorable settlement agreement. For example, if you have income from your job and agree to take a large alimony payment, you may be pushed into a higher tax bracket than if you were to increase the amount you receive in non-taxable child support.

Take a careful, comprehensive approach to your finances to have a better chance of coming out ahead.

Sam Hubbard Coastal Divorce Advisors Savannah

Sam Hubbard

Sam Hubbard, MBA, CFA, CDFA is the principal of Coastal Divorce Advisors, LLC, (CDA), a firm specializing in helping clients understand their financial situation and options throughout the divorce process. CDA is an affiliate of Coastal Capital Management, LLC. For additional information, e-mail Sam@CoastalDivorceAdvisors.com, call 912-234-3657 or visit www.CoastalDivorceAdvisors.com. This article is for informational purposes only and does not constitute legal advice. The opinions expressed are solely those of the author, who is not an attorney. If you require legal advice, please seek appropriate legal representation.

Mark Howard Presents Retirement Tips at the Chamber’s Power Hour

Mark Howard Presents Retirement Tips at the Chamber’s Power Hour

(Savannah, GA) Mark Howard, President and founder of Howard Financial Group, was the featured speaker at the Savannah Area Chamber’s Power Hour which was held in the Savannah Morning News Auditorium, 1375 Chatham Parkway.

Howard spoke on “3 Retirement Income Strategies to Implement for You and Your Company” during the Chamber’s monthly gathering.

Howard has over 25 years experience in the financial services industry. He is recognized as an expert on Retirement Income Planning and has been featured many times on news outlets such as The Wall Street Journal, The Atlanta Journal-Constitution, Atlanta Business Chronicle, Barron’s Magazine, South Magazine, AM 750 WSB, AM 1290 WTKS and Savannah Morning News.

“I wanted to share some timely information with chamber members who want to help their employees save for the future,” said Howard. “Providing employer-sponsored retirement plans are a great tool for retaining high-quality employees and at the same time providing excellent benefits back to the business.

In 2014, Howard founded Howard Financial Group, which is headquartered in Savannah. His firm focuses on strategies to grow their clients’ retirement dollars while taking less risk. “We specialize in protection of principle, providing a reasonable rate of return over time, and keeping things simple for our clients”, said Howard.

Howard Financial Group services clients from all over the country, many that are recognizable names from the world of sports, entertainment and politics.

Last year, Howard and his firm were chosen to be a part of Advisors Excel, an elite group of financial advisors nationwide that were recently highlighted in the New York Times bestseller Money: Master the Game, written by Tony Robbins.

Mark Howard, Howard Finacial Group Presents at the Chaber Power Hour Luncheon

Mark Howard, Howard Finacial Group Presents at the Chaber Power Hour Luncheon

For more info contact Stephanie Painter, Small Business and Events Manager, Savannah Area Chamber of Commerce, 912.644.6458 or visit www.SavannahChamber.com

For more information on Howard Financial Group, visit www.howardfinancialgroup.com or call 912-777-6944.

Cecilia Russo
Cecilia Russo Marketing
912-665-0005
info@crussomarketing.com

Marjorie Young
Carriage Trade Public Relations, Inc.
912-844-9990
marjorie@carriagetradepr.com

Mark Howard to Present “Avoiding the 3 Biggest Mistakes People Make Regarding Retirement” to Savannah Jaycees

Mark Howard to Present “Avoiding the 3 Biggest Retirement Mistakes”

(Savannah, GA) Mark Howard, President and founder of Howard Financial Group, will be the featured speaker at The Savannah Jaycees meeting on Tuesday, August 1st. Open networking will begin at 5:30 p.m. and the program will run from 6 p.m. to 7 p.m. at the Savannah Jaycees’ headquarters, located at 101 Atlas Street.

Howard will present “Avoiding the 3 Biggest Retirement Mistakes” during the Jaycees August gathering as a part of their “Leadership Now” series. Attendees will learn:

· How to earn consistent returns in today’s economy

· What “true diversification” is.

· The hidden costs of the most common form of investments.

Howard has over 25 years experience in the financial services industry. He is recognized as an expert on Retirement Income Planning and has been featured many times on news outlets such as The Wall Street Journal, The Atlanta Journal-Constitution, Atlanta Business Chronicle, Barron’s Magazine, South Magazine, AM 750 WSB, AM 1290 WTKS and Savannah Morning News.

In 2014, Howard founded Howard Financial Group, which is headquartered in Savannah. His firm focuses on strategies to grow their clients’ retirement dollars while taking less risk. “We specialize in protection of principle, providing a reasonable rate of return over time, and keeping things simple for our clients”, said Howard.

Howard Financial Group services clients from all over the country, many that are recognizable names from the world of sports, entertainment and politics.

Last year, Howard and his firm were chosen to be a part of Advisors Excel, an elite group of financial advisors nationwide that were recently highlighted in the New York Times bestseller Money: Master the Game, written by Tony Robbins.

“From our work helping thousands of families and individuals from all walks of life prepare and transition into retirement, I’m able to give a unique perspective into what works and what doesn’t,” said Howard. “I hope to share some timely information with this group of young business professionals and area leaders to help them avoid the same mistakes so many others have made.”

For further information, or to register, visit the Savannah Jaycees web site at http://savannahjaycees.com/savannah-jaycees-leadership-now-series/ or visit them on facebook at Facebook: https://www.facebook.com/savannah.jaycees/

For more information on Howard Financial Group, visit www.howardfinancialgroup.com or call 912-777-6944.

MORE INFORMATION ON THE SAVANNAH JAYCEES
The Savannah Jaycees is a nonprofit organization of young professionals, between the ages of 21 to 40, whose mission is to inspire leadership development through community involvement. The Savannah Jaycees have been an organization since 1942 and are celebrating their 75th Anniversary this year. Among the Savannah Jaycees’ most notable projects were the installation of voting booths throughout Chatham County, spearheading efforts to build the Civic Center, helping to build the Kicklighter School and Chatham Nursing Home, founding Toys-for-Tots with the Marines and the fire department, renovating the Forsyth Fountain, and creating Jaycees Park on Tybee Island. The United States Jaycees was founded in 1920 with vision is to be the leading global network of active young citizens. To learn more, visit http://savannahjaycees.com/ or https://www.facebook.com/savannah.jaycees?ref=br_tf

Cecilia Russo
Cecilia Russo Marketing
912-665-0005
info@crussomarketing.com

Marjorie Young
Carriage Trade Public Relations, Inc.
912-844-9990
marjorie@carriagetradepr.com

Six Common Financial Mistakes to Avoid Before a Divorce

Six Common Financial Mistakes to Avoid Before a Divorce

By Sam Hubbard of Coastal Divorce Advisors

You’ll face many pivotal decisions throughout your divorce. Unfortunately, missteps often turn into larger mistakes that could jeopardize your financial security and well-being for years to come. So whether you think your spouse may be considering divorce, or you may be contemplating it yourself, it’s important to be proactive about your finances well in advance of divorce becoming reality.

This article, which focuses on mistakes made before a divorce, is the first in a series of three highlighting frequent financial mistakes made before, during and after a divorce and how to avoid them.

Mistake 1: Not being financially prepared. Some spouses see a divorce a mile away, but others are completely blindsided. Since the divorce process can be very expensive, it’s important to be financially ready so you have sufficient funds to get through the divorce, including the ability to hire a qualified divorce team. If you don’t have a checking account in your name only, set one up as soon as possible and add funds to it regularly. Also consider opening a credit card in your name since it may be harder to get one after your divorce. Additionally, try to establish or boost your credit score by making occasional purchases and paying your bills on time. Following your divorce, you’ll need a strong credit rating if you want to rent a house or a condo, refinance your mortgage, or finance a new car.

Mistake 2: Not having all your financial documents in order. Lawyers and financial experts need to review all your financial documents to negotiate the best terms of your settlement. The list of necessary documents is lengthy, but make sure to have these important ones handy before the divorce begins: three years of tax returns; at least one year of checking and savings account statements, brokerage statements and credit card statements; vehicle titles; and insurance policy declarations.

Mistake 3: Not monitoring and protecting your credit rating. As soon as divorce is unavoidable, immediately request a copy of your credit report (most are free). It will show all debts you share with your spouse and those belonging only to you. Ask your attorney whether it makes sense to close your joint accounts and credit cards you use infrequently with zero balance. Also review your report closely to see if there are accounts you are not aware of. If you are concerned your spouse may borrow money in your name, you may want to sign up for a credit monitoring service (many cost less than $20 per month).

Mistake 4: Failing to proactively monitor the mail. Make sure to be vigilant about the bank statements, credit card bills and investment account statements coming to your house. The more educated you are about the financials and what assets are held where, the more you’ll help your team gain better results on your behalf and lower your divorce-related costs.

Mistake 5: Taking on new debt to pay off other debt. If you’re having marital problems, do not refinance the mortgage on your house or get a Home Equity Line of Credit (HELOC) with the thought of paying off the miscellaneous debt, like credit cards, family loans and business debt. Your spouse may suggest taking this route, but ultimately you are removing the equity you have accumulated in the house to pay off debt your spouse may very well be liable for. Generally speaking, avoid taking on any new debt with your spouse.

Mistake 6: Failure to hire a qualified divorce team. While it’s critical to hire a lawyer who specializes in divorce, it is also important to build a team of professionals to help you secure the most favorable results for you both financially and emotionally. By tapping specialists in different fields, you’ll ultimately get the best and most cost-effective advice. A lawyer is the best resource for legal advice and understanding Georgia divorce laws. A divorce financial planner will provide advice on the many financial aspects of your case. And a therapist will help you and your children through the transition and tough times. Additionally, if you have a privately held business, you may need to hire an accountant with a CVA or BCA designation to value it.

By anticipating and preparing before you enter a divorce, you can avoid the high cost of mistakes.

Sam Hubbard Coastal Divorce Advisors Savannah

Sam Hubbard

Sam Hubbard, MBA, CFA, CDFA is the principal of Coastal Divorce Advisors, LLC, (CDA), a firm specializing in helping clients understand their financial situation and options throughout the divorce process. CDA is an affiliate of Coastal Capital Management, LLC. For additional information, e-mail Sam@CoastalDivorceAdvisors.com, call 912-234-3657 or visit www.CoastalDivorceAdvisors.com. This article is for informational purposes only and does not constitute legal advice. The opinions expressed are solely those of the author, who is not an attorney. If you require legal advice, please seek appropriate legal representation.