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News from the Reference Desk Category: Business
We’ve all seen the fire extinguishers in our workplaces, but how many of us actually know how to use one in the case of a fire? Well, help is available–did you know that the Mount prospect Fire Dept (MPFD) offers free fire extinguisher training for businesses in Mount Prospect? Participants will learn how to prevent fires within the workplace, the different types of extinguishers and their correct usage, as well as get practical experience using one on a live fire! Classes are offered on site at no charge, limited to 20 participants per session, contact Cory Pikora the MPFD (847.818.5260 or email@example.com) with questions or to schedule a session!
As of June 9, 2017, a new Fiduciary Rule put forth by the Department of Labor will go into effect, potentially changing the level of accountability for many financial advisors currently not officially considered a “fiduciary.” The new rule expands the “investment advice fiduciary” definition under the Employee Retirement Income Security Act of 1974 (ERISA). Essentially, the Department of Labor’s definition of a fiduciary demands that advisors act in the best interests of their clients, and to put their clients’ interests above their own. It leaves no room for advisors to conceal any potential conflict of interest, and states that all fees and commissions must be clearly disclosed in dollar form to clients. The definition has been expanded to include any professional making a recommendation or solicitation — and not simply giving ongoing advice. Previously, only advisors who were charging a fee for service (either hourly or as a percentage of account holdings) on retirement plans were considered fiduciaries.
Read HERE for a more detailed explanation.
MPPL has recently added two new and exciting databases from Gale focused on resources ideal for entrepreneurs and small business owners: Business Insights: Global and Gale Business Plan Builder. Available as part of our Web Resources and accessible to anyone inside the library (and remotely at home for MPPL cardholders), these two powerful resources offer information and help around everything from writing a business plan, market research and industry reports to company information, funding sources and management strategies. If you’re someone working to start your own business or simply looking for ways to enhance your current one, take a moment to explore these rich and user-friendly tools!
There’s exciting news for the Mount Prospect business community in the formation of the Mount Prospect Entrepreneurs Initiative (MPEI). The MPEI is a new and comprehensive partnership between the Mount Prospect Chamber of Commerce, the Village of Mount Prospect, the Mount Prospect Downtown Merchants Association and the Mount Prospect Public Library.
For years, these organizations have collaborated and partnered on various programs and program series like Jump Start Your Business (aimed at small business owners) and the Entrepreneurs Cafe. But in 2016 this collaboration will move to the next level as existing projects, as well as several new ones still in development, are rebranded under the MPEI toward a more streamlined focus on providing support, education and inspiration for the local Mount Prospect business community. Joining forces as the MPEI allows individual partners to further embed themselves into the success and progress of Mount Prospect by sharing resources, ideas and effort toward a common goal, as well as strengthen each member’s role as a community partner with vital resources and opportunities for everyone to discover and utilize. Stay tuned!