In this month’s Executive Connection, Direct Selling News Publisher and Editor in Chief John Fleming speaks with John Parker, Chief Sales Officer for Amway, about leadership, always learning and finding fun in everything you do.
by Ted Nuyten • • 0 Comments
WakeUpNow has published its Q2 report, and reports a revenue of $16,4 million, Q1 revenue was $9,7 million, so revenue is 70% up.
A small profit of $32,000 in Q2 while Q1 had a loss of $1,5 million.
WakeUpNow management stated:
“Though the Company’s current financial condition may cast doubt on its ability to continue as a going concern, management believes that its plan of operation, if successfully implemented, will generate sufficient earnings to both restore a stable financial condition and provide adequate returns to its shareholders”.
“Management believes that its efforts to develop a robust product offering with a compelling value proposition will continue to attract distributors both in the United States and abroad”.
As risk factors WakeUpNow mention:
“State governments could attempt to tax our distributors as employees which would be devastating or fatal to our business.”
For instance, a staff member from the Utah State Tax Commission, has threatened to attempt to classify our distributors as employees and classify us as an employer of our distributors on the theory that our distributors are eligible for bonuses based on exceeding certain sales revenue goals.
“A substantial majority of our sales are via credit card and if we are unable to maintain relationships with
by wahanelson • • 0 Comments
Tell us a little bit about yourself and your entrepreneurial journey. I grew up in a family where if you wanted something you had to figure out how to get it on your own. When I was 8 I wanted a pogo stick, so I knocked doors in my neighborhood selling vegetable seeds until I […]