Posts Tagged "project"

The wholesale shopping chain posted disappointing earnings on Friday.

3 min read

Opinions expressed by Entrepreneur contributors are their own.

The U.S. economy still appears to be humming, but slowing growth in the rest of the world dragged down stock prices today.

U.S. core retail sales (excluding food, gas and automobiles), were up 0.9 percent in November about twice the median estimate. However, lower industrial output and retail sales in China along with weak economic data from the Eurozone sparked fears of a slowing global economy. All three major stock indexes were down with the Nasdaq composite index — off 2.26 percent — falling furthest.

The Entrepreneur Index™ fell 2.44 percent today with just eight of 60 stocks posting gains on the day.

Costco Wholesale Group had the biggest decline on the index, falling 8.59 percent after reporting earnings this morning. The retailer beat revenue estimates but missed on earnings by a penny. It blamed increased competition from the likes of Walmart and — particularly in the grocery business — for shrinking margins. The stock is still up 11 percent for the year.

Universal Health Services, which operates acute care health facilities, also got hammered after a Goldman Sachs analyst downgraded the stock from neutral to sell today. It dropped 8.2 percent. Universal’s stock soared through most of November, but is down 13 percent so far in December.

Technology stocks were down sharply, with (-4.01 percent) and Netflix (-3.33 percent) posting some of the biggest declines. Adobe Systems Inc. fell hardest in the sector, sliding 7.29 percent today. The software maker reported strong financial results yesterday but analysts are concerned about its ability to integrate the large acquisition of Marketo announced in September.

All segments of the market were weak today. Cosmetics maker Estee Lauder Companies, with a strong and growing business in Asia, was down 3.53 percent. Medical device manufacturer Boston Scientific Corp. declined 3.19 percent and investment bank Jefferies Financial Group was down 4.23 percent. Restaurant chain Chipotle Mexican Grill fell 3.15 percent.

Even Tesla, up 40 percent in the last two months, fell today. Despite an exuberant tweet earlier this week from CEO Elon Musk about the possibility of a Tesla pick-up truck coming to market soon, it was down 2.94 percent today.

Regeneron Pharmaceuticals was one of the few stocks to post a gain on the day, rising 0.70 percent after a Goldman Sachs analyst upgraded the stock to “buy,” citing the company’s strong product pipeline. Fellow drug-maker Alexion Pharmaceuticals was down 2.67 percent.

Under Armour Inc. after falling precipitously over the last two days, was up 1.17 percent. The biggest gain on the Entrepreneur Index™ was posted by specialty retailer Bed Bath & Beyond. After setting a 52-week low this morning, the stock bounced 1.38 percent. It’s down 47 percent on the year.

Other gains on the index included Dollar Tree Inc. (0.95 percent), Ford Motor Co. (0.24 percent) and REITs Essex Property Trust (0.21 percent), Kimco Realty Corp. (0.61 percent) and Apartment Investment and Management Co. (0.47 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

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Opportunities abound for entrepreneurs to create the next Uber or Airbnb. Are you up for the challenge?

5 min read

Opinions expressed by Entrepreneur contributors are their own.

From a young age, we were all taught that sharing is good. But who knew that “sharing” would become the basis of an entire economic system? From eBay to Uber to Airbnb, the sharing of resources has quickly evolved from a fad to a vibrant marketplace; and this business and cultural shift is only just beginning. 

Related: 3 Ways the Sharing Economy Changes Entrepreneurial Opportunity

There are still many niches entrepreneurs can find in already established sharing-economy industries; and there are ways they can forge new business paths in untapped industry markets. The whole world economy is changing, offering exciting opportunities for those who are willing to dare. Are you one of them?

A fast-growing trend

The sharing economy is one of the fastest-growing business trends across the globe and is estimated to grow from $14 billion in 2014 to $335 billion by 2025, according to Brookings. In addition, the Henderson Group, the think tank of the Boston Consulting Group, estimates that venture capitalists have poured over $24 billion into the sharing economy market since 2010.

As market disrupters, such as Uber and Airbnb, continue to take on entrenched industry leaders and win, these investments will continue to be available to people with a “sharing economy” vision.

Consumers and the sharing model

Millennials are more likely to participate in the sharing economy than their older counterparts, according to the experts at Statista, but for the purchasing of pre-owned goods, this age gap is at its smallest.

In all other categories, from automobile services to crowdfunding, millennials lead the way. Participation in the sharing economy is now being reflected in other purchasing decisions. The Henderson Group survey found that 85 percent of U.S. consumers polled said they would spend more on products designed to be shared.

Related: 3 Ways the Sharing Economy Changes Entrepreneurial Opportunity

Our culture’s apparent approval of consumer products specifically crafted to be sharable is opening many new doors for the creative entrepreneur.

Room- and home-sharing

The shared shelter market is currently dominated by Airbnb, but that doesn’t mean that there aren’tstill opportunities. Vacation rentals will continue to be a hot market because there are significant reasons why people are choosing vacation rentals over hotels, especially for longer stays. In the United States, revenues from vacation rentals were over $13 million in 2018 and are expected to see a continued annual growth rate of 7.2 percent, according to Statista.

For entrepreneurs, opportunities in this market include purchasing homes to rent to others and taking long-term leases at popular tourist destinations, then renting out some or all of the building. Offering luxury homes for rent is a growing submarket within this industry; so is providing unique options such as yacht rentals and glamping sites. With many niche options and markets underserved by quality rental options, this market is far from saturated.

Consumer goods

eBay remains the dominant force in the peer-to-peer, consumer goods category, with an annual net revenue of $9.6 billion,according to Statista. This site brings together sellers of everything from the mundane to the bizarre with people willing to pay for it.

Etsy is another massive site, serving consumers seeking handmade or original goods, Rent the Runway is the go-to site for fashionistas; and SidelineSwap is where athletes go to buy and sell sporting goods. These sites generate millions of dollars each year because their creators know their marketplace and have designed the perfect platforms to bring buyers and sellers together.

For entrepreneurs, there are many opportunities in the shared consumer-goods markets, from buying and selling, to establishing a new platform that meets the needs of a specific niche group. There is also a demand for goods created specifically to be shared, which leaves the possibilities wider open still.

Related: 5 Reasons You Should Join the Sharing Economy Revolution

Health care

By 2020, the healthcare industry is predicted to generate annual revenues of $8.7 trillion dollars. The sharing economy has not yet impacted this market yet, but it is ripe for change. Hospitals across the country waste over $765 billion dollars in both supplies and equipment. The problem is that some equipment will sit idle at one facility, taking up space and requiring maintenance when a hospital across town could could make good use of it.

Under the best scenario, some of these items will become a charitable donation to facilities in other countries, but so much more is possible.

Cohealo is currently the only company providing sharing economy services to this industry, and there are so many more opportunities there. Few hospitals take advantage of this service, and that’s a shame since plenty of physician groups, dental practices and physical therapy businesses could reduce costs and expand services wherever this type of opportunity became available.

Bottom line

The above examples are just a few of the myriad of sharing economy opportunities available to savvy entrepreneurs. It is important to remember that at the heart of every sharing economy transaction is a match-making process that brings together someone with a surplus with another who has a need. This could be a car, a fancy evening gown, a forklift, a baby stroller and more.

Related: The Sharing Economy Is Taking Off: Get On the Rocket or Risk Being Left Behind

Opportunities abound for entrepreneurs to create these platforms, curate quality goods and services, manage the logistics of delivery and enforce the agreements.  Are you up for the challenge?

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Building your employer brand: A can’t-miss discussion covering all the dos and don’ts of hiring and keeping the best employees.

2 min read

Hiring can be a challenge. In today’s global economy, employees have more agency than ever in choosing where and for whom they work. If you want to be a business that attracts and retains top talent, it’s important to know how to create an environment where people seek you out. People don’t leave a job. They leave an employer. They leave a boss. They leave because they’re confused by their role. Or they leave because of a lack of purpose.

Join us for a webinar entitled, “How to Attract and Retain Top Talent.” The webinar will feature an honest, raw, and candid discussion with Trent Bryson, CEO of Bryson Financial, and Ryan Choura, CEO of Choura Events. The lively, 60-minute conversation will be moderated by Entrepreneur VIP Contributor Jill Schiefelbein, as we unpack the dos and don’ts of attracting and retaining top talent.

In this webinar, we’ll make sure that your business is set-up from the beginning to attract the best people. We’ll cover:

Creating your employee brand. What you have to offer, where your company is going, and what incentives and benefits employees are really looking for.

Setting up the job description. What’s important to include, what you should leave out, and how this description sets everything else up for success…or failure.

Hiring and onboarding processes. How will employees be evaluated, what projects are in the works, and when hiring for short-term instead of long-term can be a valid strategy.

Developing and involving employees. What opportunities do you give your employees for personal and professional development, how do you get them involved in the hiring process, and how to negotiate tricky pay inequity situations.

Presented by Entrepreneur Insurance and Bryson Financial, the “How to Attract and Retain Top Talent” webinar will take place on Thursday, December 13, at  12 p.m. EST | 9 a.m. 

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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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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 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

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3 min read

Opinions expressed by Entrepreneur contributors are their own.

L Brands is experiencing some early holiday cheer.

After rising nearly 7 percent on Cyber Monday — the biggest day of online shopping in history — L Brands, makers of Victoria’s Secret lingerie and operators of Bath & Body Works stores, was up another 3.78 percent today.

That was the largest gain on the Entrepreneur Index™, which closed up 0.17 percent.

The stock market appeared in a holding pattern today after strong Cyber Monday sales buoyed investor sentiment yesterday. With the uncertainty surrounding the health of the global economy, U.S.-China trade negotiations, and falling oil prices weighing on the market, investors appeared to be waiting for some clarity.

The G20 economic summit — where U.S.-China relations will be center stage — begins on Friday and an OPEC meeting, where potential cuts in oil production will be discussed, is scheduled for next week. Fed Chairman Jerome Powell will also speak tomorrow at the Economic Club of New York, undoubtedly fueling speculation on the odds of another interest rate hike in December.

The Dow and S&P 500 indexes were up 0.44 percent and 0.33 percent respectively, while the Nasdaq composite index was up 0.01 percent.

The technology sector was uncharacteristically quiet today, with only five of 13 tech stocks on the Entrepreneur Index™ rising or falling more than 1 percent. Netflix had the biggest gain in the sector, rising 2.01 percent, while Verisign Inc., which registers internet domain names, had the biggest loss at 1.91 percent.

Facebook continued to suffer slings and arrows from all directions. A former Facebook employee accused the company of having a “black people problem,” suggesting it lacked organizational diversity. Meanwhile, Facebook’s VP of policy was grilled today by representatives from nine countries in the U.K. parliament on fake news and disinformation issues. The representatives were angry that CEO Mark Zuckerberg did not attend the meeting. The stock was down 1.01 percent on the day.

While L Brands had a strong day, other clothing manufacturers did not. Luxury brand Ralph Lauren was down 3.85 percent and Under Armour Inc. fell 1.89 percent.

Retailer stocks were also mixed with Costco Wholesale Group rising 1.62 percent and discount retailer Dollar Tree Inc. falling 1.6 percent. Walmart was down 0.12 percent and Bed Bath & Beyond was down 4.4 percent — the biggest decline on the Entrepreneur Index™ today.

Tyson Foods slid 1.88 percent and is now down 28 percent for the year. Fellow food-maker J.M. Smucker Company was up 0.16 percent on the day.

Other notable gains on the Entrepreneur Index™ today included whiskey-maker Brown-Forman Corp. (2.06 percent), Cognizant Technology (1.67 percent), Chipotle Mexican Grill (1.59 percent) and Comcast (1.55 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

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On this episode of The Playbook podcast, Marty Strenczewilk, co-founder and CEO of Splyce, discusses the rapid growth of eSports, and the best ways to make a career in the industry.

1 min read

Opinions expressed by Entrepreneur contributors are their own.

You might not fully understand eSports, but the fast-growing industry is providing a wealth of opportunities for entrepreneurs. Marty Strenczewilk, co-founder and CEO of the eSports giant Splyce, talks about the widespread appeal of eSports competitions, as well as how to find a role in the field. 

Related: Find more episodes of The Playbook podcast here.

Listen in as host Dave Meltzer and Strenczewilk talk about the expansion of Splyce and the similarities between traditional sports and eSports. Marty also discusses what qualities are necessary to set yourself apart as an eSports athlete and how parents can support their kids in the pursuit of video game glory. 

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There is so much to learn from Queen and Freddie Mercury.

7 min read

Opinions expressed by Entrepreneur contributors are their own.

Recently, I took my 16-year-old son Tyler to the movies to see Bohemian Rhapsody. One-on-one time with teenagers is precious, so you always want it to go well. And it did.

Related: 3 Startup Lessons From Hip Hop Entrepreneurs

We both enjoyed the movie, but the better moments happened afterwards. When Tyler asked me what I thought about the film, I told him that it was inspirational. In a way only a teenager can, he replied, “Are you going to start a rock band and die of AIDS?”

There is so much to learn from Queen and Freddie Mercury. Here are eight lessons for entrepreneurs.

“Under Pressure”: Preparation generates luck.

Imagine handing a couple songs you’d written to a band, then hearing them say their lead singer just quit. What big break are you hoping for? What company do you need to pitch?

If that magic moment happened now, would you be prepared? Do you know what you would say, do, or ask for?

“Killer Queen”: Different is better than better.

A self-proclaimed “hysterical queen” led a rock group to become the most popular band in the world. Every super-successful person I interviewed for my bestselling book has a similar story. These are not the top 1 percent. These are people whose millions of dollars of annual income put them in the top 0.01 percent of our population.

When Gordon Logan wanted to start a hair cutting business for men and boys, everyone said, “That already exists. It’s called a barbershop. It will never work.” With more than 1,700 Sport Clips locations and a Joe Gibbs Racing car with his logo on it, it’s safe to say his critics were wrong.

Trust your gut and do something different.

Related: 10 Quotes From America’s Rebellious Musical Legend Johnny Cash

“Don’t Stop Me Now”: Think bigger.

When a local band gets a chance to tour Japan, they say they want to tour America. Your investors, partners, friends and employees will all compare you to someone in your industry. If you only think about being better than your immediate competition, you are missing the opportunity. Consider ideas from other industries and incorporate them into your business so you can dominate your space.

Ellen Johnson Sirleaf once said at a Harvard commencement speech, “If your dreams do not scare you, they are not big enough.” Did she practice what she preached? Sirleaf became the first elected head of state in Africa, when she was elected as the 24th president of Liberia in 2006.

“Somebody to Love”: See your negatives as a positive.

Having extra teeth makes for a strange appearance. It also allows you to open your mouth wider and to have greater range as a singer. What challenges have you turned into excuses?

I used to own a boutique insurance agency. When I had a chance to pitch one of the nation’s more successful law firms, I was up against some heavyweights. So, I offered to help the firm create its own agency and eliminate me from the equation after a few years. I ultimately landed the account because I was willing to show them how they wouldn’t need insurance people in the future. I made millions of dollars from the relationship before I was replaced.

Too small to compete? You are nimble and can react faster to changing customer needs. Don’t have brick-and-mortar locations for new customers? You can go set up shop inside your customers’ offices and provide better service. Write down three things that you think are holding you back, then write down how those things could be positives.

Related: Long Live the King: How Today’s Entrepreneurs Can Follow Elvis Presley’s Ingenious Business Playbook

“I Want It All”: F*** formulas.

If Queen had listened to their record label, they never would have released “Bohemian Rhapsody” as a single. It was too long. It was weird. It was heavily criticized. It was also a global No. 1 hit — twice!

A mentor of mine in my early year taught me a valuable lesson. When doing roll-ups, he would hire senior management exclusively from other industries. When I asked him why, he replied, “If I do things like other people in the industry, I won’t be creating any real change or any real value.” Where do you find your creative ideas?

“We Will Rock You”: Give the people what they want.

The key to Queen’s success was their ability to connect with the audience. They understood this even better than their producers and record labels did. Most people focus on what other companies have done, in the past, to sell to their clients. Sometimes, they overreact and completely misjudge their customers’ desires. Remember “New Coke”?

Instead, prepare to sell your clients what they will need in the future.

To paraphrase the late Steve Jobs, people don’t know what they want until they see it. It’s your job to create and sell it. Jeff Bezos took this idea and ran with it. Amazon wasn’t just the first place to sell books online. Amazon sold clothes before online retailers were on board. Amazon even put the toy giant Toys ‘R Us out of business. Kids loved going to toy stores, but parents hated the experience.

Do you know what your clients love and hate about your industry?

Related: From Paper Boy to Music Mogul: Entrepreneurship Lessons From Sean ‘Diddy’ Combs

“I Want to Break Free”: Take the blame.

Calling your friends into a room and admitting you were an asshole takes guts. Taking full responsibility for a bad situation, offering to make amends and being willing to consider what others suggest is the sign of a great leader.

Even Mark Zuckerberg may have changed his tune lately. After a history of news reports indicating a lot of finger pointing and not much thumbs up, he seemed to take some responsibility in front of Congress in April.

You are supposed to have the answers and see the better path, but you are not perfect. Think about what you needed to handle better in the past. Go take the blame, apologize and ask for forgiveness. Do it this week.

“We Are the Champions”: Do good. Be good. Make good.

Freddie Mercury’s father, Bomi Bulsara, had a quote that came up over and over again: “Good words. Good thoughts. Good deeds.” If you say what you think, and do what you say, you will be authentic. If the true goal of what you do is to help other people, there is no limit to the amount of success you can achieve.

Over the last 10 years, the insurance industry has been pretty stagnant. During that same time, National Life Group has doubled in size while focusing on serving teachers and middle America. It sponsors a “Life Changer” program that awards dozens of scholarships and receives over 900 nominations. It practices what it preaches and put its money where its mouths are.

Commit to helping others. Speak you mind. Do what you say you will do. When you do, you will rock everyone around you and become a true champion.

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