Latest Business News

In the not so olden days, if you wanted to start a business you had to do so by opening up shop someplace. These days, you can literally start a business online in your pajamas and work straight out of your home if you so desire.

Starting a business online versus offline comes with many advantages. First of all you don’t have to worry about much overhead. Because you will be working out of your home there will be no high rents to pay or leases to sign for office space.

You can also save on inventory costs. While an offline business may require you to have a warehouse filled with what you sell, many online businesses can be started with little to no inventory.

In fact, you can even start a business where you sell items that are drop shipped and sent out for you by the company that makes the products once sold. T

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I’m excited to let you know about a really cool workshop that my friend Andrea Vahl and I are doing in a few weeks focused almost exclusively on Facebook marketing.

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Federal bank regulators took over and sold Community Banks of Colorado late Friday.

The Federal Deposit Insurance Corp. closed the bank in Greenwood Village and appointed Bank Midwest, National Association in Kansas City, Mo., as its receiver.

The 40 branches of the bank will reopen today as branches of Bank Midwest. The bank has Colorado locations stretching from Antonito to Denver, from Dove Creek and Grand Junction to Rocky Ford. It also has locations in Northern California.

The failure is the sixth in Colorado this year and 84th in the country this year.

Community Banks began in 1989 with the purchase of Rocky Ford National Bank east of Pueblo.

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European Union leaders hold talks on Sunday to try to hammer out a comprehensive plan for tackling the euro zone debt crisis, but a breakthrough is not expected until another summit on Wednesday.

IRISH PRIME MINISTER ENDA KENNY

“The world is watching the European leadership. I hope that we can have progress today toward a set of comprehensive and clear decisions and a joined up thinking process.

“The prevention of contagion and the construction of firewalls is of critical importance.”

BRITISH PRIME MINISTER DAVID CAMERON

“The crisis in the euro zone is affecting all our economies, Britain included. It’s having a chilling effect.

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The world’s leading economies pressed Europe on Saturday to act boldly within eight days to resolve the eurozone’s sovereign debt crisis which is weighing on the world economy. Full Post…