6/23/23, 7:46 PM Neobanks, banks, and the FDIC: Here’s what happens if a neobank fails.

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Neobanks, banks, and the FDIC: Here’s what happens if a neobank fails.
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Neobanks, banks, and the FDIC: Here’s what happens if a neobank fails.
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Related video: No other big banks are on the edge of failing: Anton Schutz (Fox Business)

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Neobanks, banks, and the FDIC: Here’s w

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When a bank fails, the Federal Deposit Insurance Corp. tends to act quickly to protect customers’ money and arrange for a healthy
Continue
bank to buy the failed one. This process happened most recently reading
on May 1 when First Republic Bank failed. But what happens if a

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6/23/23, 7:46 PM Neobanks, banks, and the FDIC: Here’s what happens if a neobank fails.

Neobanks, banks, and the FDIC: Here’s w

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O ver the years, I've partnered with many digital entrepreneurs in the six-to-eight-figure range to help them with their growth
challenges. As a result, I noticed an interesting trend.
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Despite each being unique with companies of different sizes, when it comes to growing a business, everyone typically faces the same
problems. Why? Because, as you'll soon find out, growth leaks are very predictable.

In this article, I'll walk you through these growth leaks and show you how to overcome them so that you can collect millions from
your existing business structure.

What problems do most digital creators face today?

One common problem I see often is that most digital entrepreneurs focus on social presence and sales (front-end), while they
completely neglect existing buyers (back-end). Let me explain because this is critical. In marketing, you have two major focus areas:
Front-end and back-end.

The front-end is everything you do to capture the attention of non-buyers and convert them into buyers. The back-end is everything
you do to keep these new buyers and get them to buy more from you.

Although this is easy to understand, successfully combining the front-end and the back-end in your daily marketing efforts is a tricky
task. That's exactly where most entrepreneurs leave value behind.

This value is not just in the form of sales. It's mostly in the form of impact on their audience — impact these people want and need.
And this is where the growth problems begin. Continue reading

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