5 Cons of Entry-Level Banking and Finance Jobs

Having a banking job is the best way to start out a career in the finance industry. Once you get in, it’s not difficult to keep your job. When you start out as a bank teller, you are considered as a student of the bank. There, you learn the ins and outs of the industry, preparing you for your venture into the bigger world of corporate finance.

Alas, with all the advantages come the disadvantages as well.

1. Fixed Schedule
If you enter the banking industry as a teller, you’ll find that you have no control whatsoever of your schedule. This is in sharp contrast to other financial career paths such as a financial consultant who works whenever he wants. At entry level banking jobs, you work the standard day shift. Even if you want to work overtime for a little bump in your pay, you can’t do so unless there’s a directive from the higher ups.

2. Salary Expectations
If you’re drawn into the world of finance because of the promise of financial freedom, prepare to be disappointed. If you’re just starting out, don’t expect to be paid as much as the veterans are. Instead, use your current situation as a starting position. Work your way up diligently from there. As long as you’re in the banking business, you’re pretty much set if you’re hardworking.

3. Employment Difficulty
As mentioned above, it’s easy to keep your position in a bank once you get in. Getting in is another matter. You may find that it is a little difficult to get employed with a bank. When applying for a teller, a background in customer service is smiled upon although not a requirement. When you do get in, however, the training you receive and the skills you develop can be applied in other career paths.

4. You’re in the Front Line
Entry level banking jobs mean you’re going to be doing the talking to customers. As anyone with customer service experience can tell you, this can be stressful. There will be customers that just can’t be reasoned with. You’re going to need to do a lot of mental preparation to survive it.

5. Potential Hazards
Banks are prone to robbery. It may not happen as frequently as the cliché goes, but it is still a possibility. Most banks offer training on how to handle robberies so you need only follow protocol if such an event happens; God forbid.

App Fog Genius Lessons From A Successful Entrepreneur

App Fog Business Startup Lessons from a Lucrative Entrepreneur

Lucas Carlson is a successful startup entrepreneur. When he first started however, he made a few bad choices that almost cost him big time.

Don’t Skip Business Setup Planning

At first he was just programming an idea for App Fog. He didn’t have a landing page, any bank account, brain storming ideas, or thinking about the ideal customers. Skipping key steps really put him back for years. He would program for weeks, and then finish the app idea. Then program for weeks and finish the idea. He couldn’t get people interested in the idea that was created.

Creating a Landing Page

Finally, he decided to create a landing page one night when he was too tired to sleep or even tell his wife about the programming idea. The app idea was PHP Fog. He tried putting it up on a site before that called Heroku.com. He registered the PHP Fog website and just simply wrote “it’s like Heroku for PHP”. Heroku’s site only allowed for Rudy on Rails applications so he couldn’t put the applications on that site.

Living the Dream

The next morning he woke up and had eight hundred people on his website! He didn’t market it anywhere else. All he did was put one link on Hacker News network. Also, he described the website in more depth. It turned out that the idea was a “hair on fire” idea without even the creation of the project! This gave him assurance that if the effort is put in, the results will be desired. After programming for two weeks. he just only had a prototype and the traffic went from 800 to 4,000 unique visitors per day!

Hair on Fire Problem Equals Confidence

He had identified a “hair on fire” problem. This gave him confidence to program the solution. This changed his life forever! He realized the difference between having a problem that people know they have versus the problems that people don’t know they have. PHP Fog wound up being AppFog. It raised $10 billion dollars and was later bought out.

No Marketing Expenses

He didn’t spend a dime on marketing! It wasn’t an accident. People already wanted the idea and were looking for it. He learned that he could find what people already wanted and then program an application based on what they wanted. He wasn’t taking a “shot in the dark” anymore.

Don’t be Intimidated

Creating a landing page or micro-website is very scary for most people. They don’t want to know if others like their great idea or not. There is a denial psychological part to this way of thinking. It can be self-defeating to the creation of an idea. They will think “Well I believe in the idea so much, that I don’t care what other people think about it”. This philosophy will kill a great idea. Put your “right foot first” and see what people need.

Florida Department Of Banking And Finance

The Florida Department of Banking and Finance provides Florida consumers with information and education they need to make informed financial decisions. For example, some of its important services can be listed as follows.

Consumer assistance and answers to general insurance and financial questions are available through our toll-free help line. These help lines are available through regional service offices or website. The Florida Department of Banking and Finance claims that each year, our specialists handle more than 450,000 consumer calls.
The regional services offices are located strategically throughout the state and provide consumers with access to one-on-one guidance regarding insurance and financial issues.
The Florida Department of Banking and Finance offers free community outreach programs that reach thousands of Floridians each year.
The department has also partnered with the Department of Elder Affairs to conduct a special outreach program helping seniors with their insurance concerns. This is known as SHINE, in short. The abbreviation is Serving Health Insurance Needs of Elders.
The Florida Department of Banking and Finance also offers free consumer guides. They do not take a single penny from the consumer for making the guide available to them. The consumer guide has been made available by the Department on a range of topics relevant to today’s insurance and finance markets. If you want to have that consumer guide, the best way is to order or review it online. What is more, you can also get the printout of the online consumers guide.