Founder and Chair – LMFC
Vice Chair – LMFC
President and CEO – LMFC
President & CEO – The Bank of Holland
SVP of Shared Services - LMFC

Hear from the founder of Lake Michigan Financial Corporation, Rich Lievense, and his insight on what this blog encompasses.

Most of us agree that small businesses and entrepreneurs will be the engine for future job growth in our economy. I just watched a television series titled ‘America – A History of Us’ on the History Channel. It reviewed our country’s history and highlighted the importance of our creative business environment. The cumulative effect of our business entrepreneurs literally changed the world. This article provides some common sense guidance to reestablish and reinforce this spirit today. 

Read more article: How to Start an Entrepreneurial Revolution from the Harvard Business Review (subscription required to view full article)

The financial crisis and the oil well problem in the gulf have something in common – a failure to identify and manage risk.  It is human nature to assume that the unusual or extraordinary event will not happen but sometimes it does.  Perhaps these events can serve as a reminder for us to consider what we should do if an unusual event occurs and affects our businesses or personal lives. 

High health care costs affect us all. This is a complex and confusing issue. The attached summary provides a high level overview and some potential answers we can all understand.

Read more article: What Drives High Health Care Costs – and How to Fight Back from Harvard Business Review (subscription required to view full article)

The United States is currently in the third quarter of our economic recovery. Although we are glad to see the turnaround, many are not feeling the positive effects – especially those who have lost their jobs or houses. We have believed for some time that this recovery would take time since the recession was caused by too much and poorly structured debt. This debt restructure program will take time and will have a negative impact on the pace of our economic recovery for some time to come. 

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