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The Honor State Bank
     Business Advisor 
January 2010
In This Issue
Community News
What Matters Now
Community News
   
Ann K 
Honor State Banker Ann Konczal's Haiti Story
 

The latest news from Haiti has been especially hard to hear for me.  For the past ten years I have been leading  UMVIM (United Methodist Volunteers in Mission) work teams to build churches, schools and homes in rural Haiti.  What I have discovered in those years is how much I love the Haitian people.  The thought I hang onto now is that Haitians are a resilient people who know better than most of us how to deal with adversity.

My work in Haiti is focused on ways to impact the daily lives of the community the team works in.  We either work directly with the Methodist Church of Haiti or with grass roots Haitian community organizations.  Our building projects are all selected by our Haitian partners, using Haitian laborers to complete the skilled construction work and using locally purchased materials.  This model allows the local community to benefit by the finished project and provides for monies being distributed into the community.  What we do is fund the project and act as unskilled labor on the job site. 

Water is scarce in Haiti so we have recently installed a pilot project to provide simple gravity feed irrigation units that use partial waste water for family garden plots.  When the dry seasons come most families rely on corn, rice and beans for their diet.  The addition of vegetables year around is a real benefit to the family's health and stretches their meager income.

Education is critical to improving life in Haiti and is primarily accomplished through church schools.  Families are hard pressed to afford the tuition and other expenses needed to educate their kids.  We have encouraged our friends in the Grand Traverse area to sponsor the education of one or more kids in Haiti.  These sponsorships and our fundraising activities have allowed us to share our experiences and love for Haiti here in northwest Michigan. 

The Honor State Bank community has been very supportive of my passion for Haiti by giving me time to go and supporting my fundraising efforts.  Thank you HSB.

About Us
 
Tip of the month:
Protecting Customer Data
 
Privacy is the single most important concern among customers when it comes to the collection of customer data, so be mindful of how you use their information. Using the information for the sole purpose of fattening profits is not something that customers appreciate, so use your customer data wisely. The best way to put your customers' minds at ease is to have a clearly stated privacy policy. A privacy policy will help you gain customer trust and loyalty and will keep everyone on the same page.
Positive Economic News (click links for full story)
  
Fed's Lacker sees "reasonable" Growth in 2010
 
RICHMOND, Virginia (Reuters) - The U.S. economy will expand at a decent clip this year as a recovery in housing and consumer spending offset troubles in commercial real estate, Richmond Fed President Jeffrey Lacker said on Friday.
 

Output expanded 2.2 percent in the third quarter following the deepest recession since the Great Depression. Despite the return to growth, the labor market remains severely depressed, with unemployment hovering stubbornly near 10 percent.

Still, Lacker argued the rebound would be sustained.

 
US Inflation Tame, Industrial Output Rises
 
WASHINGTON (Reuters) - U.S. consumer prices rose modestly last month, while a cold snap lifted industrial output, suggesting the economy was growing but not generating enough inflation to trouble the Federal Reserveto roll back from its stimulative policies.

But even as Friday's data showed the recovery from the worst downturn since the 1930s was gaining traction, consumers remained cautious about the economy's prospects in the face of stubbornly high unemployment.

The Reuters/University of Michigan Surveys of Consumers' preliminary index of sentiment for January inched up to 72.8, from 72.5 in December. The reading was the highest in four months, but it fell short of market expectations.

"It is still reflecting improving conditions.

What Matters Now:  70 Words of (Unconventional) Wisdom for 2010
 What Matters Now
 

As 2009 ended, I was forwarded a copy of What Matters Now.  It's the brainchild of Seth Godin, who persuaded 70 other innovators, writers, and bloggers to participate in the project.

 

The idea is simple:  Each of the contributors suggests one word that you and I should think about in 2010, and then uses one page to explain why and how that word matters.

 

The result is an interesting and inspiring collection of unconventional wisdom that is available free to everyone.

 

Seth Godin begins the PDF talking about generosity. "When the economy tanks it's natural to think of yourself first," he writes. "You have a family to feed and a mortgage to pay.  Getting more appears to be the order of business. It turns out that the connected economy doesn't respect this natural instinct. Instead, we're rewarded for being generous."

 

Derek Sivers, an entrepreneur and programmer, offers his take on passion. "If you think you haven't found your passion yet, you're probably expecting it to be overwhelming," he writes. "Instead, just notice what excites you and what scares you on a small moment-to-moment level."

 

Jackie Huba and Ben McConnell, who write the Church of the Customer blog, urge marketers and innovators to focus on the One-Percenters - the "small percentage of the tribe within the larger tribe who spread the word" about new products, new ideas, and changes of all sorts. "They are the roots of word of mouth," Jackie and Ben argue.  "This year, your job is to find them and attract them."

 

Arianna Huffington reminds us of the need to slow down and recognize the virtue of sleep. "I've had to learn to unplug and recharge," she writes." To trade multi-tasking for uni-tasking and - occasionally - no-tasking. It's left me healthier, happier, and more able to try to make a difference in the world.  My eyes have been opened to the value of regularly closing them."

 

Finally, writer J.C. Hutchins makes an impassioned appeal to find gumption in our lives.  "Most of us settle in, and settle for what we have.  Rather than pursue, we accept.  Our lives become unwitting celebrations of passivity," he writes.  "Get hungry - hyena hungry.  Get fired up.  Find your backbone, and your wings."

 

I urge you to download the PDF, process its ideas, messages, and calls to action, and then share it with as many friends, associates, and colleagues as possible. I guarantee it will give you some fresh perspectives on 2010, which promises to be another year of challenge and change.

 
Happy Reading,
Norm Plumstead
Branch Administrator / Vice President

 

 
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