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State Farm agent expands with move

PRINCETON — Growing her small town business and providing the best insurance and financial services around is a priority for State Farm agent Lorita Hellman.With a new location and an expanded team, she hopes to better meet her client’s goals and objectives."The main thing I want to do is to have people, without a doubt, understand how very, very much we want to help them with their insurance and financial services, and in the right way," Hellman said."We want them to feel like they enjoy being here so very much that they don’t want to have their insurance anywhere else. That’s the kind of service we want to provide; that’s the ultimate goal," she added.As of Oct. 1 the business relocated to 324 N. Main St., to a newly-renovated Victorian building, that is more than 100 years old.With the move, Hellman expanded her business team to include her son, Adam Hellman, who will serve as an agency contact representative, and will greet clients, process payments and keep client information up to date.Also on the team are Susan Bastion and Barbara Kunst, both multiple line representatives, who have a combined 25 years experience, in addition to Lorita who also has 21 years of agency experience.They are both fully licensed in all lines of insurance with Bastion specializing in bank and commercial insurance, while Kunst specializes in health and life insurance."They are both also experts in property and casualty insurance on their auto and fire insurance line," Hellman said.With the move, Hellman said she would like to increase her clientele at a more rapid pace, with an emphasis on auto growth."We paid dividends last year; we lowered our rate; we’re extremely competitive right now," Hellman said.Hellman said she had her eye on the building, which had sat vacant for several years, and was ready to take the next step."I’ve always found this place to be extremely charming.


Bankers see potential in women-owned businesses

Stephanie Zhang had an epiphany.

"I was working in the cell phone store one day when I said to myself, 'I could own this place,'" said Zhang, who now owns not one but two wireless stores as president of Best Wireless in San Francisco.

Like many entrepreneurs before her, she turned to family to help make her dream a reality. In this case, she accepted $20,000 from her father.

She then turned to Wells Fargo Bank for small business banking services such as a company checking account. Zhang represents an important market segment that institutions such as Wells Fargo and Wachovia Bank are heavily courting with a range of such services.

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The five biggest myths in business

There's a great story you may have heard about a Ph.D student from a few years ago at the University of Toronto. Every day at lunch, starting in the late spring, the student would walk out onto the football field. He'd bring with him a large bag of birdseed, and a whistle. He'd spread birdseed all over the field. Then, after 20 or 30 minutes of this, he'd blow the whistle. At first, a few birds would respond to the noise and drop in for some seeds. But gradually, over the course of the summer, more and more birds would descend on the field, expecting to be fed. And then the first football game of the autumn rolled around, and the players lined up, and the referee blew the whistle, and�

It's a great story. Problem is, it's a story. It's a myth.

There are a lot of myths about entrepreneurship.


Taxman quits over mass data loss

The head of HM Revenue & Customs has resigned after two computer discs containing the banking details of 25million Britons were confirmed as lost. Paul Grey said it was �right� he quit as chairman due to his department�s �serious operational failing� in its legal duty to protect people�s personal details. The lost data includes the records of every UK Child Benefit recipient, equating to 25m individuals and 7.25m families, Alistair Darling told The House of Commons yesterday. The chancellor said names, addresses; dates of birth, child benefit numbers, national insurance numbers and banking details had all been compromised. They were stored on two password-protected computer discs that junior tax officials sent to the National Audit Office, but wrongly; they sent them via standard not registered post.


Post Bank Uganda and Map International Partner to Transform Rural Economy

Post Bank Uganda has entered into an agreement with Map International, the New York-based multi-dimensional financial services system which links consumers, merchants, banks, mobile operators, and service providers to deliver modern banking services throughout the country, but in particular, to rural areas.

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