Fintech startup AvantCredit, which makes online personal loans, announced a $75 million Series C and a $200 million credit facility.
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Tupperware Sales Down In 2nd Quarter
by Tina Williams • • 0 Comments
Tupperware Brands Corporation today announced second quarter 2014 operating results.
Rick Goings, Chairman and CEO, commented, “While sales results slowed this quarter, we were still able to achieve adjusted E.P.S. in our guidance range. Overall, the business continued to grow, with several markets achieving 20%+ local currency sales increases including Brazil, China, Italy and Turkey.
Both businesses in our North America beauty segment also showed significant sequential sales improvement. Having said this, the quarter was challenging in several aspects. We were up against strong comparisons from prior year when we had our strongest quarterly local currency sales growth at 8%, as well as some external and internal challenges, particularly in Germany. However, our 2.9 million sales force members continue to operate their businesses and earn income to help support their families.”
Goings continued, “The four pillars of our business model enable us to succeed. By focusing and delivering on these pillars: innovative premium quality products; an entertaining selling situation, or party; compelling sales force compensation; and leveraging of direct-to-consumer fundamentals, I am confident that through the strength of our management teams around the world we will see better future sales and profit growth in spite of the challenges we’ll inevitably encounter.”
Second Quarter
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Not Sorry: Confidence Is Key For Women at Work
by Successful IBO • • 0 Comments
Women face a lot of external challenges in business and leadership, but one of their biggest hurdles is actually internal: a lack of confidence.
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Is Now the Best Time for a Business Loan?
by Successful IBO • • 0 Comments
Small business loans have gotten a bad reputation over the years. Business owners tend to feel that it’s impossible to qualify for such a loan, and even if they do, the process takes too long for the funding to be worth it.
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Task force collects $15.6M in unpaid wages, taxes
by Successful IBO • • 0 Comments
A multi-agency task force in Massachusetts charged with recovering money lost in the underground economy has collected more than $15.6 million.
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How to Sell Your Startup Idea to VCs in 30 Seconds
by Successful IBO • • 0 Comments
Advice to entrepreneurs: know your material cold. Time is always the enemy, the clearer and more succinct your message, the better.
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Y Combinator Company Teaches Students How to Develop iOS Games
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MakeGamesWithUs Academy, a Y Combinator company, gives high school and college students the tools and knowledge to master the ‘superpower’ of building iOS games.
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Women business owners face gender gap, report says
by Successful IBO • • 0 Comments
Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday.
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MonaVie Adds Nutritionist Mark Macdonald To Its Scientific Advisory Board
by Tina Williams • • 0 Comments
MonaVie announces today that nutrition and fitness expert Mark Macdonald joins its Scientific Advisory Board (SAB). The addition of Macdonald will help ensure the company has the right expertise to support current product development plans and necessary substantiation for research and development.
No stranger to MonaVie, Macdonald has been with the company as its nutrition and fitness expert since 2011, and was influential in helping formulate MonaVie’s RVL and CORE line of products.
“It’s an incredible honor to be added to MonaVie’s Scientific Advisory Board,” Mark said. “For more than 20 years I have dedicated my life to empowering others and showing people what is truly possible with their health. As an educator, expert, and motivator I know that partnerships are the key to changing the course of the international health crisis.”
Macdonald joins current SAB members, Dr. Jun Nishihira, specializing in biochemistry, from Japan, and Dr. Hervé Rogez, a food science expert, from Brazil.
Mark added, “Since its inception, MonaVie has been on the front line in developing cutting edge products designed with a specific purpose—products that are focused on enhancing one’s health and truly ‘filling in the gaps’ of where most of us fall short in our daily nutritional needs. Together we will continue making a
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Mary Kay Event Expecting 30,000 Attendees
by Tina Williams • • 0 Comments
Mary Kay Inc.’s 2014 seminar that kicked off Wednesday is expected to bring more than 30,000 attendees to the Kay Bailey Hutchison Convention Center, generating $32.1 million and 2,4000 jobs into the city of Dallas.
This year marks the 40th anniversary that Dallas has hosted Mary Kay’s signature 18-day event. The seminar ends Aug. 2.
Last year’s seminar celebrated the Addison-based cosmetic company’s 50th anniversary and drew more than 50,000 international attendees. The estimated economic impact of last year’s seminar was $49 million.
For the Dallas convention center, the seminar is among a list of almost 20 major events that combined are expected to draw more than 250,000 guests to the venue.
So far this year, events at the center have generated more than $200 million, counting the impact of the Mary Kay Seminar. Top events hosted this year, include the Christian Congregation of Jehovah’s Witnesses, which drew 50,000 attendees and generated $43.03 million, and Mary Kay’s seminar.
Last year, events generated a total of $1.6 billion for the city.
Check out the slide show for images from Mary Kay meeting seminars through the years.
Here is a timeline highlighting Mary Kay’s history in Dallas:
Mary Kay Seminar
1963 – Beauty by Mary Kay opens for business in Dallas.
1964 –