Hot Business News Today

Hot Business News Today

4 Things Amway Learned On Survey Of Over 40,000 On Entrepreneurship

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For the past five years, Amway has been gathering data on entrepreneurs and what makes them different from other worker bees.
In the recently released 2014 Amway Global Entrepreneurship Report, the Michigan company surveyed more than 40,000 people to gain insight about the state of self-employment around the world. This year’s survey questions explored the connection between education and entrepreneurship.
The report is intended to advance the discussion on entrepreneurship and lead to a deeper understanding of what can be done to encourage and better prepare more people around the world to start businesses of their own, said Amway Chairman Steve Van Andel.

“Entrepreneurs play an important role in growing economies,” said Van Andel in a statement. “They create jobs, encourage competition and help communities grow and flourish. As the business environment has changed through the years, so have the reasons people decide to venture out on their own.”

 
Steve Van Andel and Doug DeVos on Amway’s entrepreneurial reportAmway co-CEOs Steve Van Andel and Doug DeVos discuss the company’s entrepreneurial report.

The world’s biggest direct sales company credits its success to the entrepreneurial spirit of its more than 3 million “Amway business owners” who sell the company’s vitamin supplements, cosmetics and household products. The privately owned

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Hot Business News Today

SEC Files To Drop Insider-Trading Case On Herbalife

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The Wall Street Journal just reported: 
The Securities and Exchange Commission on Monday filed to dismiss insider-trading charges against a man accused of profiting from privileged information tied to Herbalife Ltd.
The SEC had charged Jordan Peixoto, of Toronto, of buying Herbalife options after hearing William Ackman ’s Pershing Square Capital Management LP was planning to make a negative public presentation about the nutritional supplements maker. Mr. Peixoto ultimately ? made $47,100 in profits. 
The SEC said it is dismissing the charges because the two men who developed the information and passed it on to Mr. Peixoto aren’t available to testify at the trial, which had been set for March.
According to the agency, Mr. Peixoto was tipped off about Mr. Ackman’s planned comments by Filip Szymik, who learned the information from his roommate and longtime friend Mariusz Adamski, then an analyst with Mr. Ackman’s Pershing Square.
The two men, who were roommates in New York City at the time of the event, have since returned to their native Poland and have indicated they intend to assert their Fifth Amendment right against self-incrimination if compelled to testify.
Herbalife’s stock dropped 39% in the days following Mr. Ackman’s announcement.
Mr. Szymik, who didn’t trade in Herbalife securities, agreed to a $47,100 civil penalty

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MLM, Direct-Selling, and Affiliate Marketing – What’s The Difference?

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In a recent article where Melaleuca was mentioned to deny being MLM, a debate began between individuals on what defines MLM. 
MLM simply means Multi-Level Marketing. If you are able to build a team of independent sales people that you earn an income from, this is multi level marketing, even if it’s one line of IBO’s. (Independent Business Owners) What makes MLM different from traditional sales are a few things. The distributors are all on a 1099 and not a W-2. They are independent, making their own hours, working at their own leisures.
A salesperson at a car dealership, for example, is hired by the car dealership and has to report in, still clocking in, still showing up for work and is expected to be there. If a salesperson doesn’t meet the expectations, they are fired. In MLM, there’s usually a low start up cost. In traditional sales, there is no start up cost and there may also be a minimum salary offered plus commissions. 
Some of the largest MLM companies are Herbalife, Amway, and Mary Kay. 
An IBO can’t be fired. They can be terminated by the company for violation of a contract. Most network marketing (or MLM) companies fall comfortable in

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