Nick is CEO of Ignify Technologies, an early stage fintech company whose SPARK loan origination platform facilitated 50,000 SBA loans worth $7 billion in two weeks last year. Those loans in turn helped save 500,000 jobs. During this One Take CEO Interview presented by Platinum Group, he explains how the company quickly scaled up to meet demand, […]
This is a timely and extremely informative panel discussion on how to avoid bankruptcy and, if inevitable, how best to proceed. Excellent intel you won’t find in a Google search! The three panelists have been there/done this 100+times. A few of the many key takeaways include: Be transparent with creditors, vendors and employees in that […]
During this One Take CEO Interview presented by Platinum Group, Aleesha Webb, vice chair and president of Blaine, MN-based Village Bank, advises business owners to take advantage of low interest rates if they haven’t done so already, and to be strategic while thinking outside the box. Her second-generation family owned community bank has 69 employees, about […]
Pensions & Investments is reporting Wells Fargo & Co. is planning job cuts that could ultimately impact 20 to 25 percent of its workforce, or 50,000 to 66,000 jobs. If correct, as many as 4,000 jobs in the Twin Cities could be eliminated. The Twin Cities ranks as the second-largest concentration of Wells Fargo employees […]
During this short interview available to either watch or listen to, Platinum Group’s Bob Stewart discusses six essentials for a business to both thrive and survive long-term. * Have a good corporate governance structure in place including a board of directors that meets regularly; Keep up-to-date, accurate and thorough financials; Maintain a healthy relationship with […]
Pat Brennan has seen a few things when it comes to why businesses fail or almost fail, to put it mildly. He’s a National Turnaround Association award winner specializing in financial restructurings at the Platinum Group, a business advisory that helps business owners and leaders navigate out of tough situations. Sometimes a business is too […]
In the early months of the Covid-19 economic recession, nine experts from Platinum Group participated in unscripted, one-take/unedited interviews to share their perspectives and tips on on how business owners and leaders can best move forward. All of the interviews can be found on a Platinum Group Interview Series channel on YouTube and on seven audio platforms […]
During extremely challenging times and setbacks, successful businesses often find ways to pivot toward new opportunities, focusing more on what’s possible rather than what didn’t work. During the COVID-19 economic slowdown, if you’ve found a way to pivot, let us know and we’ll share it on this site and elsewhere as we talk with others […]
There’s a headline in today’s Wall Street Journal that echoes what other media have been saying for the last 12 hours or so: “Stocks Finish Worst Week Since 2008.” This does not mean stocks are in the worst shape since 2008. To the contrary, the major indexes have dropped in value to where they were […]
Bremer Bank and the Otto Bremer Trust that owns 92 percent of it disclosed earlier this week the bank may be sold because the two are not getting along. From the outside it sounds like a bit of a hot mess. Here’s a short audio explanation of what’s happening, and what’s likely next for Bremer […]