It’s very difficult to ensure that the individuals you hire into your organization have a recognized standard of knowledge, experience, and competency. You can certify internally, but this type of program does not have much meaning outside of your organization. That’s why it’s necessary to look for external certification sources. And in the case of risk management, the three certifications are highly visible, recognized, and set standards that will most likely improve your organization. Let’s look at how the PRM, FRM, and ERP standards look, and then discuss how those standards might impact your organization.

First, the Professional Risk Manager certification from PRMIA seems to have a high level of recognition throughout the industry. PRMIA defines its certification as the “benchmark” in global risk management. To begin with, the organization gives partial credit toward certification if you hold another designation, such as Actuarial Fellow, Actuarial Associate, or Chartered Financial Analyst (CFA), to name a few. This type of recognition means that the PRMIA puts its certification on the level of other well-known certifications. Because this type of reciprocal arrangement exists, you can be assured that the standard of excellence is high. The PRM certification carries recognition by universities, including the University of Toronto, Technical University of Munich, NYU, and also a group of faculty who represent the Sorbonne, the Ecole Polytechnique, and the Universite Paris Dauphine. Continue reading ‘Recognition and Standard of PRM, FRM, and ERP’ »

There are many reasons why someone would want to have the other borrower of the mortgage removed. Sometimes, a friend or a family member may become a co-borrower, using their good credit to help secure the loan. The deal is often that once the borrower that is being helped improves their credit score or income, they take the other person’s name off of the loan.

There are also cases where the two borrowers are married and later divorce. In a divorce settlement where one person is awarded the house and as such is now responsible for the mortgage payments, the other spouse may request to have his or her name removed from the mortgage loan. No matter what has transpired, the other borrower wants to make sure that his or her name and credit is not ruined in the event that the other person defaults on the mortgage. Continue reading ‘How to Get a Co-Borrower Off of Your Mortgage Loan’ »

The cleaning industry has many different niche or market segments. When starting your cleaning business you first have to decide which market segments you would like to target. Focusing on one specific niche and specializing in that market segment only is a common approach although it is easy enough to cater to more than one cleaning market niche.

You should at least decide if you want to specialize in residential cleaning work or commercial cleaning, as these two markets are quite different.

Let’s take a look at some of the niches within the cleaning business to give you some ideas about the variety of work that is possible in this industry. Continue reading ‘Start a Cleaning Business – Choosing a Niche Market’ »