Category "Business"

At least, President Trump and the U.S. agreed to hold off for another three months before raising tariff rates.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


The stock market cheered the 90-day truce in trade hostilities agreed to by the U.S. and China over the weekend.

It wasn’t a full-blown deal at the G20 economic summit between the two largest global economies, but the U.S. did agree to postpone tariff rate hikes for three months while negotiators try to hammer out an agreement.

Stock prices rose broadly across all market segments with the Dow and S&P 500 indexes up 1.13 percent and 1.09 percent respectively, while the technology heavy Nasdaq composite index rose 1.51 percent. The Entrepreneur Index™ was up 2.02 percent with only nine of 60 stocks falling on the day.

Stocks with significant exposure to China were among the biggest gainers on the index today. Wynn Resorts, for example, was up 9.5 percent, the biggest gain on the index. The trade war truce helped, but solid November gambling revenues in Macau drove the stock higher today. It appears that slowing growth in China and financial market volatility is not crimping Chinese highrollers’ penchant for gambling. Wynn operates three casinos in Macau.

Estee Lauder Companies Inc. was also up sharply, rising 7.0 percent. The high-end cosmetics maker crushed Wall Street estimates for third quarter earnings at the end of October, in large part because of a 24 percent jump Asia-Pacific sales.

Clothing-makers posted good gains on the day. Gap Inc. was up 3.26 percent, L Brands rose 3.78 percent and Ralph Lauren Corp. gained 3.18 percent. Under Armour Inc. was up a more modest 0.9 percent today, but it did set a 52 week high.

The price of oil rallied 4.3 percent today on the trade news. The market is also expecting OPEC members to agree to significant cuts in production at their meeting in Vienna on Thursday. Oil and gas producer Hess Corp., which is down nearly 25 percent since the beginning of October, was up 4.75 percent.

The technology sector posted strong gains today. Twitter led the pack, rising 7.03 percent and recovering the ground it lost last week. The stock was down sharply on Thursday for no apparent reason. It turns out a conservative backlash against the social media network may have driven the stock down briefly. Conservatives believe Twitter is not providing an open platform for conservative voices.

Amazon (4.86 percent) and NVIDIA Corp (4.04 percent) also had strong gains on the day.

Truck manufacturer PACCAR inc. had the biggest decline on the Entrepreneur Index™ today, falling 1.78 percent. Only two of the other eight stocks that fell today were down more than one percent. J.M. Smucker Company was down 1.2 percent, while Jefferies Financial Group was off 1.05 percent.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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When starting up as a new entrepreneur, the first thing to do is avoid making constant business blunders, no matter how insignificant they seem.


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Most new entrepreneurs make terrible, dumb mistakes that crash their businesses before they can even get started.

They make these grave mistakes not because they are unintelligent, have low IQs or possess little experience. New entrepreneurs allow these blunders because they don’t see them as issues. Thus, they fail to invest their resources into fixing the problems until the problems bulldoze their companies.

Related: 10 Ways Leaders Fix Mistakes Without Making It Worse

Here are the top three dumb mistakes new entrepreneurs make, and a lasting solution to each oversight.

1. Superficiality

We live in a world of superficiality — shallowness, no attention to detail, not focusing on satisfying our customers.

In a world of 140 characters, many of us build products fast and hope for quick cash. The focus is more on “build and sell fast” than on quality and originality. Many entrepreneurs, especially the newbies, fall into this superficiality trap.

These would-be entrepreneurs refuse to sharpen their skills, ship broken products and provide terrible customer experience. That’s why many startups don’t see the light of day. What’s the solution?

Customer obsession. Your startup exists to serve your customers. Be obsessed with always pleasing them with your product.

Obsessive attention to detail. Before you build or ship any product, check every tiny detail with care. Don’t settle. Don’t let your team rest until you have completed the project to above-standard quality.

Constant learning. Knowledge is the antidote of superficiality. Keep learning, so you can satisfy your customers with unstoppable value and become the go-to person in your industry.

In the end, dumping the superficiality habit requires a change in mindset. You can get rid of it with constant practice and obsession with quality. That means focusing on getting good at one thing, before moving on to something else.

Let’s talk about that next.

Related: 3 Marketing Mistakes That Kill Tech Startups

2. Chasing two rabbits at a time

Amateur founders are quick to craft multiple ideas, bloating their online stores with a vast array of products and constantly rewriting their missions to accommodate their offerings. But, is that the brilliant idea they think it is? No, it’s not.

A friend of mine who is a freelance web designer recently told me that he had added copywriting on top of his web design services. “I want to increase my income, you know,” he excitedly told me.

I told him not to do that. I told him to focus instead on his design services so that he would become known as an expert in that category. But, he didn’t take my advice. The last time I checked, he had quit his freelancing career altogether.

Obviously, he was frustrated because he was chasing more than one rabbit at a time. As Confucius beautifully said, “Man who chases two rabbits catches neither.” Don’t offer two services or products at a time.

What you need as a new entrepreneur is credibility, not money. And the only way to establish yourself as credible is to focus on refining and improving your skill set, your product, and your offering. Only then can your customers regard you as the best provider of a particular product or service.

Related: This Is the Biggest Mistake Entrepreneurs Make in Their Finances

3. Ignoring “minor issues”

For new entrepreneurs, a comma splice in their home page copy is not something to worry about. “It’s just a minor issue,” they say. A broken link in their Facebook page is no big deal. “It’s just a minor thing,” they say. One negative customer review? Well, that’s just a “hot-tempered customer,” they say. “It’s just a minor thing.”

But is it? The reality is, these are not minor issues. These are big issues. Remember, all problems start small before they gradually metamorphose into big, uncontrollable setbacks.

That little comma splice on your homepage can lead to a tsunami of credibility issues. An error in spelling will then portray your brand as another fake company in the marketplace. Protect your brand. Don’t leave any tiny issue unresolved. Fix it — fast.

When starting up as a new entrepreneur, the first thing to do is avoid making constant business blunders, no matter how insignificant they seem.

Don’t be superficial in responding to your customers’ inquiries. Take your time to provide them with in-depth answers to their questions. Don’t chase too many opportunities, lest you fall into bloat and overload. Instead, focus on providing one product, and ensure that it stands out from the crowd.

Don’t ignore the small issues. They’ll grow into bigger problems. Nip them in the bud before they destroy your company. Everyone makes mistakes, even veteran entrepreneurs, but learning how to fix these three big blunders will save your little startup from crashing early.


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Do the unexpected.


1 min read


This story originally appeared on Lewis Howes

Do you go the easy route? The expected route? Or do you find your own path that complements your unique passions?

Finding your own way takes inner strength. You won’t be able to do it without believing in yourself. It takes a special person to defy expectations and break into a new field. People will doubt you when you do something unexpected. That’s a given.

It’s how you respond when people try to dissuade you will determine if you’re successful or not.

On today’s episode of The School of Greatness, I talk with an unlikely zookeeper who is known online as The Real Tarzann: Mike Holston.

Holsten is a 24-year-old zookeeper at Mario Tabrue’s Zoological Wildlife Foundation. He recently did a collaboration with Will Smith and has over 4 million followers on Instagram.

Holsten says that working hard, believing in yourself and prayer will help you be successful against any odds.

So, get ready to learn how The Real Tarzann came to be on Episode 724.

Subscribe on iTunesStitcher RadioGoogle Play or TuneIn.


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An authoritative new study finds that regardless of product category, brands with legitimate sustainability claims do better.


5 min read

Opinions expressed by Entrepreneur contributors are their own.


When we built the Barefoot Wine brand, we lived and died on the latest Nielsen ratings. So if you are in the packaged goods space, you want to pay careful attention to the latest Nielsen report “How and Why Sustainability is Gaining Momentum with Customers.

For the purposes of this report, Nielsen chose to study purchases of three of the most common fast-moving consumer goods, coffee, chocolate and bath products, because of their differences from each other. What they found was that products with sustainability claims generally outperformed the growth rate of total products in their respective categories.

For instance, based on sales for the 52-week period ending 3/24/2018, the weighted average of all three categories showed 3 percent more growth for sustainable products. Sustainable coffee 11 percent more, sustainable chocolate 2 percent more and sustainable bath products 13 percent more than the total of their respective categories.

Related: This Brooklyn Entrepreneur Was Shaken to Her Core by Nepal’s Devastating Earthquake and Did Something Incredible

In the case of coffee, brands advertising environmental sustainability can claim greater retail shelf placement because of increasing demand. Having built a retail brand ourselves, and having had to fight over precious shelf placement, we can attest that this is a very big deal. Better shelf placement generally means better sales.

According to the Nielsen report, “Brands that are able to strategically connect (sustainability) to actual behavior are in a good place to capitalize on increased consumer expectation and demand.” The report adds, that “Sustainability claims on packaging must also reflect how a company operates inside and out.”

In other words, customers want sustainable products from sustainable companies. This includes everything from labor practices to the environmental impact of their production. We caught up with Tim Grosse, who has written extensively on this subject and is the CEO and founder of E Squared Energy Advisors. He says, “This new consumer sustainability report from Nielson reinforces what we have been advocating for in terms of sustainable energy programs and technologies that reduce the planet’s carbon footprint.”

He further states, “This is official validation for how energy and sustainability work together to boost your top-line revenue growth and your profitability at the same time. Your business can ride this tsunami wave by gaining market share from the rapidly growing number of environmentally responsible consumers or your business can lag the market and peers by ignoring this trend.”

Related: 5 Reasons Why Sustainability and Social Issues Attract Customers

For years we have been saying consumers vote with their purchases. It’s nice to see the world’s most respected sales research and analytics company finally prove it and do so in terms that any company can understand, sales! With the rapid increase in climate-related news, damage and hazards to health, this new mega-trend can do nothing but accelerate.

The Fourth National Climate Assessment mandated by Congress a decade ago was just released. According to Tony Barboza of the Los Angeles Times, the report by 13 federal agencies found that climate change is now being felt in communities across the country. “It projects widespread and growing devastation as temperatures and sea levels rise with worsening wildfires and more intense storms bringing cascading harmful effects to our ecosystems infrastructure and society.” The report calls for immediate steps to reduce carbon emissions.

In other words, consumers are already being affected by the purchases they have made in the past. They know they must change their spending habits now for the sake of their own health and that of their children. Oh, and that millennial market that everyone has been trying to crack? Who has the most to lose? The millennials of course! They and the next generations behind them will live the longest in an increasingly compromised environment.

As the Nielson report concludes, “No matter what, sustainability is no longer a niche play: your bottom-line and brand growth depend on it.”

But as Grosse says, “Energy efficient alternatives, such as chiller and HVAC optimization, LED lighting retrofits, and solar energy are a huge piece of the sustainability puzzle. With the recent price shifts, these technologies are very economical as well. In fact, many solutions provide almost immediate positive cash flow while dramatically lowering a company’s carbon footprint.” He adds, “Companies that embrace new energy technologies enjoy a triple-bottom-line win in productivity, profits, and planet.”

Related: What Condoms Can Teach Us About Sustainability

So now, energy efficiency is not only desirable, it’s sustainable, and it’s doable!

The Nielson report says “Unmet consumer needs exist across many categories. Strategically aligning your business and marketing strategy to meet that unmet demand will ensure that the next big sustainability wave is a market win for your brand.”

It’s time to jump on the energy and sustainability bandwagon now … or miss the boat!


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Should you hire people into more junior roles than their last role? You can, but here are the potential pitfalls to consider.


6 min read

Opinions expressed by Entrepreneur contributors are their own.


Our brains have been wired to think about our careers going up the corporate ladder over time. A manager becomes a director, a director becomes a vice president, a vice president becomes a president, etc.

Obviously, there are a lot fewer job positions the further you go up the ladder. A typical company may have 125 managers, 25 directors, five vice presidents and one president. The odds of moving up the ladder aren’t really in your favor, with 80 percent fewer positions at each next level.

But, people need to make a living. What happens when an employee needs to go back down the ladder to find more open positions? Is that a good idea for you as a hiring manager to consider that candidate?

Let’s find out.

Does the candidate have the right skills?

Let’s talk about the sales department as an example. Most “upper ladder” sales managers have been “lower ladder” salespeople at some point in their past careers. It is highly likely and logical that a sales manager has the knowledge and skills required to succeed as a salesperson again but the job of a sales manager is completely different from a salesperson. The salesperson mantains client relationships and closes sales all day. A sales manager manages and mentors the salespersons all day to make sure they are hitting their agreed upon targets. Making that shift back down the ladder really means taking on a completely different job again. You just have to be sure that candidate truly has the appetite for that change.

Related: Why MOD Pizza Loves Hiring Ex-Cons

Is the candidate willing to do the job required?

Continuing this example, once a sales manager gets used to the tasks of being a sales manager (more in the office, less travel, less repetitive tasks, the prestige that comes with the role) it is, for many, really hard to get back into a quota-hitting sales producer role. But, that is a more of a general guidance. There are exceptions to that rule. Maybe a sales manager got promoted, then realized they don’t like managing people — they actually prefer the “thrill of the hunt.” It is really important you ask the right questions during the interview process to ensure that candidate will actually be happy doing the work required in that “lower ladder” position.  Understanding that many will say whatever is required to get the job, so buyer beware.

Does the candidate have the right compensation expectations?

In addition to the role changing, the compensation is typically lower at lower levels. So, let’s say that vice president was making $150,000 and now they are looking at a director level job that makes $80,000. Once a worker gets used to living off a higher salary, it is really hard for them to make ends meet on a much smaller compensation. The only times that works out is if the role is combined with material other incentives (like an aggressive commission plan or equity upside to make up the difference), or if they are further along in their career and, perhaps, are aware of their need to reset their target role and compensation expectation to have a better chance of getting employed.

Related: 3 Signs You Need to Take a Pay Cut

Should you be worried if someone is willing to take a pay cut?

My off-the-cuff answer is yes — someone willing to take a pay cut should certainly trigger a concern but it isn’t necessarily a deal breaker. If other incentives are in place, or there is a logical “story” with this candidate, you may be perfectly fine. Remember, what you gain with an “upper ladder” candidate is all that extra years of experience that comes with that. So, if you can get comfortable with the situation, it is like getting a Porsche for the price of a Toyota. But, buyer beware.

Is the candidate a flight risk just waiting for a better position?

Once somebody gets used to getting paid at a certain level, they are going to try to maintain or exceed those levels in future jobs. If they are taking a job with you at half the compensation, without a matching good “story” or incentives, that opens the door to those candidates continuing to look for new jobs, even after they have accepted yours.

Again, that is a general rule of thumb. That may not be the case in all scenarios, so do your due diligence and make a judgment call. For example, someone looking for their last job before they retire could be perfectly fine and worth the risk.

Related: This Is How to Boost Employee Retention With Lifelong Learning

Do they have the energy for job?

Generally, a person’s energy declines with their age. But, that is not always the case. I have worked with many people in their 60’s whose energy levels exceed that of people in their 20’s. Another way to think about this: older “upper ladder” employees are typically more efficient in how they work. They may lack with energy but offset that with efficiencies they have honed with their prior years of experience.

Can a candidate going down the ladder ever be a good hire?

My colleague Todd Zaugg, CEO at Matrix Achievement, told me “Our company has trained over 40,000 salespeople over the years. I have seen many situations where moving down the corporate ladder has resulted in success and many other situations where it has not. In our experience there is no direct correlation between the previous upper ladder experience and  sales success moving back down into lower ladder positions. It all comes down to the individual and do they or don’t have have the right skill sets, desire and incentives to be successful in that lower ladder role”.

A lot of things have to go right for someone going back down the ladder to result in a good outcome for your business. But, that does not mean you should close the door on that scenario in all cases. You need to assess each candidate on their own merits. What is their “story”? How do they answer your questions? Do you believe they can live on a smaller compensation and have the energy and appetite to be successful in that “lower ladder” job?

This situation is laden with potential pitfalls, but it most certainly can work out for the best. Do your homework!


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A dinner meeting between President Trump and Chinese President Xi could cause a disruption in economic growth.


4 min read

Opinions expressed by Entrepreneur contributors are their own.


Thanks, China! U.S. stock prices rallied late in the day after Reuters reported that a Chinese trade official said that “consensus is steadily increasing” between U.S. and Chinese trade negotiators.

The Entrepreneur Index™ closed up 0.64 percent after trading within a narrow range for most of the day. The S&P 500 index was up 0.82 percent while the Dow and Nasdaq composite indexes were both up 0.79 percent.

Investors are eagerly awaiting the outcome of a dinner meeting tomorrow between President Trump and Chinese President Xi Jinping at the G20 economic summit in Buenos Aires. The ongoing tariff battles between the two countries are expected to hurt global economic growth. President Trump continues to send mixed signals on the potential for a deal, saying yesterday that the two countries were very close to an agreement, but that he wasn’t sure he wanted to sign it.

The bond market believes an economic slowdown is coming. The yield on the 10-year Treasury bond was down another three basis points to close at 2.995 percent, in part due to comments from Federal Reserve members earlier in the week that expressed concern with global growth and corporate debt levels. The 10-year bond yield hasn’t closed below three percent for more than two months.

With interest rates falling, high dividend-paying real estate investment trust (REIT) stocks posted solid gains on the Entrepreneur Index™. SL Green Realty Corp. (2.77 percent), Kimco Realty Corp. (2.64 percent) and Apartment Investment and Management Co. (2.04 percent) were all up on the day.

The technology sector was relatively quiet again today. Chipmaker NVIDIA Corp. had the biggest gain on the index, rising 3.86 percent. Investors have been worried about demand for the company’s high-end processing chips in part because of the crash of crypto-currency markets. NVIDIA’s chips are popular with crypto-currency miners. The stock lost half its value since early October, but has been trending up for the last week.

Fellow-chipmaker Analog Devices was up 2.68 percent and salesforce.com rose 2.18 percent. Netflix, which has been up sharply in the last three trading sessions was down 0.91 percent.

Tesla shares rose 2.75 percent after an electric vehicle blog site — Electrek — said the company had successfully ramped up production of its mass-market Model three sedan to 1000 cars/day. Most of the cars have been sold for more than the company’s $35,000 target price so far. Earlier this year, CEO Elon Musk said that selling the cars at that price before achieving higher production rates and lower costs could kill the company. Tesla shares are up 13 percent for the year.

Discount retailer Dollar Tree Inc. had one of the larger declines today, falling 1.88 percent after rising more than six percent yesterday. The biggest decline on the Entrepreneur Index™ was posted by O’Reilly Auto Parts, which fell 2.27 percent. Hess Corp. was also down 1.01 percent as the price of oil fell 1.48 percent today. Oil was down 22 percent in November, its worst month in more than ten years.

Other notable declines on the index included Chipotle Mexican Grill (-1.94 percent), retailer L Brands (-1.43 percent) and whiskey-maker B”>Brown-Forman Corp. (-1.2 percent).

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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You are a smart, talented leader. Unleash your power.


6 min read

Opinions expressed by Entrepreneur contributors are their own.


Women, it’s time for us to suit up. We need to harness our unique feminine advantages as women to dominate in business. After years of trying to show we are equal to men, we have not made any progress. Why? Women have been playing by the wrong playbook — the male playbook. The rules of that playbook are rigged against us.

Related: How to Address Gender Inequity at Work

We need to start using our own playbook to change things. No more “learning in” or “outmanning the men” or “beating the men at their own game.” It’s time for women to capitalize on our unique advantages as women to succeed and lead in business.

Those unique feminine advantages have nothing to do with our sexuality. Rather, we have a weapon that is far more potent. Research has shown that emotional intelligence is key for being a successful business leader. Of the 12 competencies researchers have developed as key markers of the emotional intelligence required for leadership, women score higher than men in 11 out of the 12. And on the 12th we’re tied with men. We don’t just excel in the warm and fuzzy skills. We come out ahead of men in hard business skills traditionally associated with men like “driving for results” and “taking initiative.” It’s time for us to transform the gender rules by using these superior leadership skills to advance our careers.

Here’s how to move forward:

1. Suit up using your emotional intelligence.

Combining intelligence, empathy and emotions magnifies our capacity for analysis and our comprehension of interpersonal dynamics. We can use these superior leadership skills to read the emotions and motivations of the people we are dealing with, gauge the situation strategically, choose a nuanced course of action and take control.

Related: Shifting the Paradigm to Embrace Gender Differences

2. Stand up with confidence.

Confidence trumps competence every time. How many times in a meeting has a man, who clearly doesn’t have a clue what he’s talking about, speak with the utmost certainty and end up drawing praise and respect from his audience? Why? Study after study shows that success in the business world requires more than competence. Our efforts to demonstrate that we deserve promotion, compensation and success based on merit are misguided because business is not a meritocracy. Confidence beats competence.

The good news is that confidence is a skill, and like any other skill, it can be acquired. Step one is to just do it. Act as if you exude self-confidence. Fake it until you become it. Walk the walk and talk the talk.

3. Shut up that internal critical voice.

Stop self-sabotage. Society has been drilling male supremacy into us since we were little girls, and we’ve internalized it and convinced ourselves to buy into the patriarchy by giving away our power. All too often, we are our own worst enemy. This internal voice sews seeds of self-doubt, fear of failure and the fear of being revealed as a fraud. Ruthlessly target those thoughts, consciously shut them down and replace them with self-affirmative, encouraging talk.

4. Speak up.

If you have an idea or disagree with what’s being said, speak up. Shut down mansplaining and manterrupting and stop allowing men to appropriate your ideas as their own. When you are speaking, do not yield, and call out any man who interrupts you. If necessary, bluntly say “Stop interrupting me and let me finish.”

When you talk, make sure to use empowering language that exudes confidence. Never apologize before you speak. The word “sorry” should be banished from your vocabulary. Similarly, never caveat what you are about to say with prefaces such as “I’m not sure but” or “I might be wrong but.” Use direct, forceful language.

Related: Powerful Women Don’t Need the Limelight to Be Influential. Here’s Why.

Male speech patterns are more assertive, direct and succinct. Women’s speech patterns are perceived as weak, unassertive, and tentative. Use short sentences. This makes it harder for people to interrupt you.

Remember that body language matters. Make your physical presence known: Lean forward at the table, point to the person you’ve chosen to acknowledge for a comment, put the flats of your hands on the table to make a point and look that person squarely in the eye or stand up and walk to the front of the room — whatever it takes.

5. Step up.

Opportunities are rarely handed to you on a plate. Remember that if you don’t ask for it, you won’t get it. How will you ever achieve your goals if you only perform those assignments you are handed? Ask for what you want — plum assignments, leadership roles, salary increases and promotions. Take risks and advocate for yourself. Take the hard job even if it’s a stretch for you. If you don’t, some man will. When you are assigned a major project, dive into it and take charge.

6. Show up.

Reaching a goal is usually a marathon, not a sprint. Demonstrate the tenacity to continuously prove yourself. Seize the next challenge and keep achieving. Push back against those who deny you what you need.

7. Smarten up.

Focus on earning respect, not popularity. As women, we tend to be people-pleasers and hyper-sensitive to nuance. The same emotional sensitivity that gives us our high emotional intelligence also make us wary about displeasing others, risk-averse and bad at dealing with negative feedback. Understand that success is not a popularity contest. Women have to learn to withstand disapproval and criticism and, when necessary, to take hard, contrary positions. The most likable people are not regarded as leaders. Instead, to achieve success be respected, decisive and inspiring.

Let’s get started. Women do not have to put up with male domination any longer. It’s time to stop surrendering control to the men around you, letting them order you around or allowing them to treat you with disrespect as if you are of a lower social status than they are. You are a smart, talented leader. Unleash your power.


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Kickstarter backers loved it — and so will you.


2 min read

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.


Missed connection flights. Uncomfortable hotel mattresses. An “out of order” sign on the conference room’s only coffee machine.

There’s a lot to fret about when it comes to business trips, but your luggage shouldn’t be one of them.

Crafted from premium, weather-resistant nylon ripstop and weighing less than one pound, the Bomber Barrel Duffel Bag is ideal for the oft-traveling professional. Modern, stylish, and versatile, its design features inner and outer pockets for small items such as your wallet, keys, and boarding pass. It also includes a matching travel kit for your toiletries.

So it’s nice to look at and capable of carrying all your business-casual essentials, but can this minimalist duffel survive a few days on the road? Actually, yes: The Bomber is a bag that’s clearly built to last, with military-grade clips, reinforced handles, emergency paracord zipper pulls, and an adjustable, padded, quick-release shoulder strap for convenient (and comfortable) transport. In fact, the Bomber is such a perfect mix of form and functionality that it currently holds the title of being the most successful bag in Kickstarter history with more than $430,000 raised in pledges. 

The Bomber Barrel Duffel Bag and its matching travel kit typically cost $200, but for the next few days, Entrepreneur readers can purchase them as a set for only $69.99 — a savings of 65 percent


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Amazon and Netflix stock prices just keep climbing.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


Stock prices soared after encouraging words from Federal Reserve Chairman Jerome Powell today.

In comments at a luncheon in New York, the Fed Chairman said that the central bank’s benchmark Fed Funds rate — currently at a range of 2.0 percent to 2.25 percent — was now “just below neutral.” Neutral is considered an interest rate level that neither stimulates nor restricts economic growth and is presumably a target rate for the Fed at this point.

That’s a major shift from his comments at the beginning of October, when he said that rates were still “a long way from neutral.” Investors are hoping it means the Fed will either not raise rates as expected next month and/or reduce the number of rate hikes it planned to make next year.

Stock prices spiked shortly after Powell began his speech at noon, with strength across all segments of the market. The Entrepreneur Index™ closed the day up 3.17 percent, with only four of 60 stocks in the red. The Dow Jones Industrials index surged 617 points (2.5 percent), while the S&P 500 and Nasdaq composite indexes were up 2.3 percent and 2.95 percent respectively.

The technology sector had some of the largest gains of the day, with salesforce.com up 10.24 percent–the biggest jump on the Entrepreneur Index™. Adobe Systems Inc. also rose 7.3 percent. Amazon was up 6.09 percent and Netflix closed the day 6.01 percent higher. Facebook was the weakest of the so-called FANG stocks, rising 1.3 percent.

Retailers Costco Wholesale Corp. (3.29 percent) and Walmart (2.55 percent) and were both up sharply, while discount retailer Dollar Tree Inc. was up 1.83 percent.

Under Armour Inc. was up 5.55 percent — the biggest gain on the index outside the tech sector. The athletic apparel maker reported blow-out earnings at the end of last month and has been on a tear of late. The stock is up 62 percent so far this year. After big gains in the last two days, L Brands was up a more modest 1.78 percent today. Gap Inc. was up 2.53 percent.

Other prominent gains on the index today included NVIDIA Corp. (4.12 percent), Alphabet Inc. (4.0 percent), Boston Scientific Corp. (3.94 percent), Chipotle Mexican Grill (3.61 percent) and Verisign Inc. (3.35 percent).

While most of the market was up smartly, J.M. Smucker Company was clobbered after it reported disappointing financial results this morning. The stock was down 7.24 percent, the biggest decline by far on the Entrepreneur Index™ today. The food-maker missed badly on earnings estimates, was shy of revenue targets, and lowered guidance for its full-year outlook. Fellow food-maker Tyson Foods (-2.31 percent) was also down sharply.

The only other two stocks on the Entrepreneur Index™ that declined today were Ralph Lauren Corp. (-0.07 percent) and Wynn Resorts (-0.03 percent).

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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