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Monthly Archives: November 2014
Hot Business News Today
A Few Broken Smartphones Lead to a Fix-It Franchise
by Successful IBO • • 0 Comments
Charles Hibble never intended to make a career of repairing smartphones; he was just tired of replacing his wife’s broken one.
Hot Business News Today
Facebook to Combat 'Overly Promotional' Pages with New Update
by Successful IBO • • 0 Comments
Facebook pages that post overly promotional content will see a drop in engagement soon as the social network roles out more user-friendly updates.
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Friends and family most likely sources of advice for small business owners
by Successful IBO • • 0 Comments
Small business leaders are more likely to seek business advice from family and friends than they are to ask for help from a professional, research finds.
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ForeverGreen Announces Q3 Results – Revenue Up 231%
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced Q3 2014 earnings. The quarter ended September 30, 2014.
Recent Company Highlights:
New leaders, distributors and customers added at record pace during Q3 2014
Company achieved sixth consecutive quarter of operating profitability and fifth consecutive quarter of net profitability
Sales increased each quarter for the last 6 quarters
Company actively shipped product in 175 countries, up from just 18 at the end of 2012
Company added new products, BeautyStrips and Retromé, to product portfolio
Company met or exceeded monthly targets necessary to remain on target for the increased company guidance of $56-60 million of revenue during 2014
Highlights for Q3 2014:
Sales increased to $15,880,244 from $4,793,782 for Q3 2013, a 231% increase
Gross profit rose to $12,499,786 compared to $3,665,285 during Q3 2013, a 241% increase
Gross profit margins increased to 78.7% versus 76.5% during the comparable quarter during 2013
Operating income was $317,263 compared to $301,619
Net income totaled $203,343 or $0.01 EPS versus a net income of $326,929, which included a one-time gain of $226,230
Excluding non-recurring costs, net income totaled $203,343 versus $100,699 during Q3 2013
Interest expense decreased to $113,101 or 0.7% of sales compared to $195,656 or 4.1% of sales during Q3 2013
Total Long Term
Hot Business News Today
New York manufacturing grows at faster pace
by Successful IBO • • 0 Comments
Manufacturers in New York grew at a faster pace in November and their expectations for future growth rose to the highest level in nearly three years.
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5 Rules for Successful Networking
by Successful IBO • • 0 Comments
Networking. Everyone does it — but how do you really win at it? Although Woody Allen was credited with saying that “showing up is 80 percent of life,” it’s that final 20 percent that really makes the difference.
Hot Business News Today
How Entrepreneurs Can Deal With Impostor Syndrome
by Successful IBO • • 0 Comments
Impostor syndrome is an interesting psychological phenomenon where people feel like they don’t deserve their accomplishments. Internally they feel like a fraud, or they worry that one day someone will find out that they are not good enough.
Hot Business News Today
7 Things Confident Entrepreneurs Never Do
by Successful IBO • • 0 Comments
To have a business that makes it past the first 18 months, avoid these poor leadership qualities.
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'Upcycling' Trend Turns Trash Into Treasure
by Successful IBO • • 0 Comments
There’s a new trend sweeping through small business. It’s called “upcycling,” and it’s saving the consumers money and helping small businesses gain an edge in the market.