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Monthly Archives: October 2024
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Simplify Complex Projects and Keep Teams Aligned With Microsoft Project for $18
by StackCommerce • • 0 Comments
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International Franchise Association Pushes Back on Franchise Regulation
by Carl Stoffers • • 0 Comments
The IFA has formally called on the Federal Trade Commission to shift its focus away from increased regulation of the franchise business model, arguing that the commission’s recent actions exceed its authority.
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'One Size Does Not Fit All:' The Supplement Myth That This CEO Wants to Shatter
by Jon Bier • • 0 Comments
Vadim Fedotov, CEO of Bioniq, aims to personalize the supplement market by creating custom pharmaceutical-grade products.
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The Government Is Forcing Business Owners to Share Personal Data or Get Fined $10,000 — So Why Don't More People Know About It?
by Gene Marks • • 0 Comments
The Treasury Department wants to know who owns your business, and the smaller your business, the more attention you should pay.
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How to Effectively Manage Intangible Assets for Long-Term Business Success
by Majeed Javdani • • 0 Comments
Intangible assets, unlike physical ones, may evolve to a point where the business objective no longer has the capacity to utilize them effectively. This evolution triggers the need for transformation, potentially turning an intangible asset into a product for sale.
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iGenius Cares Helps Fight Against Breast Cancer
by Team Business For Home International • • 0 Comments
iGenius Cares and over 500 women came together and donated towards the fight against breast cancer.
iGenius Cares was created to help iGenius give back to the community. The goal of iGenius Cares is to provide services and opportunities essential to helping those in distress secure lasting and balanced success.
At the iGenius Women’s Gala 3.0 in Karlsruhe, Germany hundreds of women gathered together to help each other feel empowered, strong, and confident. At the event, they took some time to talk about the importance of giving back and supporting each other through challenging times.
The women at the event joined forces with iGenius Cares and the fight against breast cancer. Hundreds of women donated funds to the Brustkrebs Deutschland e.V. to help support breast cancer patients.
Over $3,000 were raised and donated to Brustkrebs Deutschland e.V.. These donations helped several breast cancer patients feel strong, feminine, and supported during their courageous battle. Patients were given several different “feel good” gifts, packages, and courses to help them feel loved and important during their challenging fight against breast cancer.
iGenius Cares Field Ambassador, Morgaine Zampilli, said,
“I feel honored to be a part of this amazing group of women who came together to support other women during
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Don't Be Fooled By Overnight Success Stories — Building a Business Takes More Time Than You Think. Here's How to Play the Long Game.
by Rob Grazioli • • 0 Comments
Building a great, sustainable business takes time — sometimes even years. These long timelines can be demotivating, but there are ways to maintain motivation and momentum for the long haul.
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Herbalife Q3 Sales Down 3.2% To $1.2 Billion
by Team Business For Home • • 0 Comments
Herbalife Ltd. (NYSE: HLF) today reported financial results for the third quarter ended September 30, 2024:
“Our financial foundation is strong. Third quarter net sales were in line with our expectations, adjusted EBITDA1 exceeded guidance and distributor recruiting is up worldwide year-over-year. Our new business initiatives are taking root as we continue on our path to sustainable top-line growth.”
– Michael Johnson, Chairman and CEO
Highlights
Third Quarter 2024
Net sales of $1.2 billion, down 3.2% vs. Q3 ’23 including 290 basis points of FX headwinds
Net sales nearly flat year-over-year on constant currency basis2
Net income of $47.4 million; adjusted net income1 of $58.0 million
Adjusted EBITDA1 of $166.5 million exceeds guidance; adjusted EBITDA1 margin up 70 basis points year-over-year
Recognized pre-tax gain on sale of property of approximately $4 million; excluded from adjusted results
Diluted EPS of $0.46; adjusted diluted EPS1 of $0.57
Net cash provided by operating activities of $99.5 million; capital expenditures of approximately $27 million
Credit Agreement EBITDA1 $197.2 million; total leverage ratio reduced to 3.3x at September 30
Management Commentary
In August, the Company launched its all-new Diamond Development Mastermind Program in the U.S., an ongoing training and accountability program led by President Stephan Gratziani and supported by network marketing industry leader and coach, Eric Worre.
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