Monthly Archives: August 2023

Hot Business News Today

Returning to The Office Without a Strategy Is The Biggest Mistake You Can Make. Follow These 4 Steps for a Perfect Transition.

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To minimize conflict in the return to office process, it’s critical to embrace a thorough, transparent and evidence-driven process. By following the four-pillar approach outlined in this article, you will lay the groundwork for a successful transition that benefits both your employees and your organization.

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Hot Business News Today

Medifast Q2 Revenue Down 34.7% To $296 Million

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Medifast the health and wellness company known for its habit-based and Coach-guided lifestyle solution, OPTAVIA®, today reported results for the second quarter ended June 30, 2023.
Second Quarter 2023

Revenue of $296.2 million, with revenue per active earning coach of $5,578
Independent active earning OPTAVIA Coaches of 53,100
Net income of $30.3 million
Earnings per diluted share (“EPS) of $2.77
Cash and Cash Equivalents of $147.4 million and no interest-bearing debt

“We are ahead of our Fuel for the Future plan with key initiatives aimed at driving efficiency and cost reduction, which helped to mitigate the impact of continued economic headwinds on our revenues during the quarter,”
said Dan Chard, Chairman & Chief Executive Officer of Medifast.
“In addition, we have made significant progress advancing our broader health and wellness agenda with the recent launch of our new OPTAVIA ACTIVETM line of products, which marks an inflection point for Medifast as we target new areas of growth and more than triple our total addressable market.
We also have pilot programs underway to assess potential growth opportunities related to medically-supported weight loss that leverage the strength of our business model. We believe our scientifically-designed solution, OPTAVIA, is a great complement to those seeking to improve their health and wellness regardless of the method they choose to utilize.”
Chard concluded,
“Industry dynamics have changed numerous

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Kevin Thompson The MLM Attorney Explains The SEC Debtbox And iX Global Allegations

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Kevin Thompson is an MLM attorney, proud husband, father of four and a founding member of Thompson Burton PLLC.
Named as one of the top 25 most influential people in direct sales, Kevin Thompson has extensive experience to help entrepreneurs launch their businesses on secure legal footing.
Together with Troy Dooly and Clay Brewer, in a Facebook zoom call he is discussing the legal position of crypto, tokens and securities in the USA.
Earlier Kevin said:
“It’s time to state the obvious: Crypto + MLM = Legally Impossible.” (In the USA)
I’m not suggesting that “crypto” is bad. On the contrary, I think crypto provides exciting opportunities for all sorts of yet-to-be-discovered innovations. There are plenty of reasons for people to be distrustful and concerned with traditional finance.
Crypto provides people with an interesting offramp away from traditional finance. Volatile and dangerous? Sure. But it’s possible; thus, there’s a place for it.
 

The post Kevin Thompson The MLM Attorney Explains The SEC Debtbox And iX Global Allegations appeared first on Direct Selling Facts, Figures and News.

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Women of Perserverance: How Sandee Aqui and Nathalie Akona Achieved Diamond in ibüümerang

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For Hawaiian native Sandee Aqui, ibüümerang was a light in the dark; searching for a way to work through a devastatingly tragic time in her life, she found solace in a company that “felt like home.”
Her daughter had just passed, leaving behind Sandee’s now-orphaned grandchildren, who became her “why” for creating an unending legacy through ibüümerang. 
“It took time for me to be able to function properly, and focus on the mindset needed in this business,”
said Sandee.
“But with the unbreakable system of ibüümerang and Mr. Holton Buggs, I knew NOT going Diamond wasn’t an option.”
After nearly four years of grief, Sandee persevered through her own strength and sought the guidance of the “leader of leaders,” CEO Mr. Holton Buggs, before achieving Diamond and securing her family’s legacy.
The journey to ibüümerang was long for fellow Hawaiian native Nathalie Akona; after decades of self-employment, she had a handful of failed network marketing companies along the way. Having finally joined the “place with the right leadership” in March 2023, she devoted herself entirely to her business for the next two months, becoming a Diamond Ambassador at the end. 
At 71 years old, she proves it’s never too late to achieve your dreams.

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