Hot Business News Today

Hot Business News Today

Top Direct Selling CEO 2024 – Poll

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Business For Home is compiling the Top Direct Selling CEO In The World Poll for 2024.
A Chief Executive Officer (CEO) is the highest-ranking corporate officer (executive) or in charge of total management of an organization.  The Chief Executive Officer (CEO) is the highest-ranking executive in a company or organization, responsible for the overall strategic direction, decision-making, and performance of the business.

In short, the CEO plays a central role in shaping the company’s vision, ensuring its financial success, managing relationships with key stakeholders, and setting the tone for the company culture and its overall direction.

We have nominated the Top CEO’s or Co-CEO’s in cooperation with numerous Direct Selling Professionals. If we have missed your awesome CEO or for questions, please email our Support Desk.
According to industry experts:
“The CEO and/or owner is the most important factor in any business. If you have a good one with a good mind and good heart, that will solve almost any problem.
A good leader will always find a way to create a great opportunity for you. If you have a bad leader, it doesn’t matter how good the product or compensation plan is, they will find a way to mess it up“

If we have missed your company, please

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NU Skin Q3 Revenue Down 13.8% To $430 Million

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Nu Skin Enterprises Inc. (NYSE: NUS) announced third quarter results.
Business For Home comment:

Nu Skin lost almost $1 Billion in revenue from 2018 ($2,680 Million) to 2024  ($1,730 Million forecast).
Nu Skin lost 400,000+ customers from 2018 (1,244,000) to 2024 (831,768)
Nu Skin lost almost 50% of it sales leaders from 2018 (73,400) to 2024 (38,284)

Nu Skin press release:
Executive Summary Q3 2024 vs. Prior-year Quarter

Revenue $430.1 million; (13.8)%
Earnings Per Share (EPS) $0.17 compared to $(0.74) or $0.56 excluding an inventory write-off.
Customers 831,768; (15)%
Paid Affiliates; 149,264; (20)% or (11)% excluding an adjustment to eligibility requirements
Sales Leaders; 38,284; (19)%

“During the third quarter, we achieved results within our previous guidance range with challenges in the core business partially offset by continued strong growth in our Rhyz segment,”

said Ryan Napierski, Nu Skin president and CEO.

“While we continue to face macroeconomic pressures and challenges within the direct selling industry, our immediate focus is to strengthen the Nu Skin core with a revised business model intended to improve channel activation and customer growth beginning with North America and South Korea this quarter.
In addition, we are introducing a streamlined operating framework to improve profitability with an adjusted pricing model to improve customer penetration in developing markets starting with

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BE Tanzania Adventure Leadership Retreat Welcomes Over 120 Affiliates for a Transformative Experience

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BE once again delivered an exceptional experience for its top leaders, hosting over 120 BE affiliates from across the globe for an unforgettable six-day leadership retreat in Tanzania.
This unique journey offered affiliates the best of both worlds—the thrill of an African wildlife safari and the serenity of Zanzibar’s pristine beaches—giving participants a true “two retreats in one” experience.
Affiliates were treated to the luxury of one of Zanzibar’s top five-star resorts, nestled along three kilometers of breathtaking beachfront. With all-inclusive amenities and lush surroundings, the resort provided the perfect setting for relaxation and connection. Guests enjoyed world-class service and endless comforts as they settled in for the days ahead.
The event began with an elegant all-white welcome party, where affiliates met and mingled, with warm greetings from BE’s founders, CEO Moyn Islam and CTO Ehsaan Islam. The following days featured a powerful mastermind training where Moyn shared BE’s vision for the future, and Ehsaan provided valuable product updates.
“It was incredible to witness the energy, passion, and unity of our BE affiliates during this retreat,” Ehsaan said. “Seeing everyone come together, learn, and share these moments is what makes our community so special.”

The experience included a wellness session led by a

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Más de 120 afiliados asistieron al retiro de liderazgo y aventura de BE en Tanzania y vivieron una experiencia transformadora

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Una vez más, BE ofreció una experiencia excepcional a sus principales líderes, al recibir a más de 120 afiliados de todo el mundo en un inolvidable retiro de liderazgo de seis días en Tanzania.
Este exclusivo viaje ofreció a los afiliados lo mejor de dos mundos: la emoción de un safari por la fauna africana y la serenidad de las playas vírgenes de Zanzíbar.
Los afiliados disfrutaron del lujo de uno de los mejores resorts de cinco estrellas de Zanzíbar, rodeado de tres kilómetros de playa. Con instalaciones exclusivas y un entorno exuberante, el complejo ofreció el marco perfecto para la relajación y la conexión, un verdadero todo incluido. Los invitados disfrutaron de un servicio de primera clase y de un sinfín de comodidades al tiempo que se preparaban para los grandiosos días que les esperaban.
El evento comenzó con una elegante fiesta de bienvenida totalmente blanca, en la que los afiliados se conocieron y se relacionaron, acompañados de un afectuoso saludo de los fundadores de BE, el CEO Moyn Islam y el CTO Ehsaan Islam. Los días siguientes se llevó a cabo una intensa formación donde Moyn compartió la visión de BE para el futuro, y Ehsaan proporcionó valiosas actualizaciones de

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Nature’s Sunshine Reports Q3 2024 Results

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Nature’s Sunshine recently announced its Q3 financial results for 2024. Net sales for the quarter were up 3% to $114.6 million, and adjusted EBITDA was $10.7 million, a 5% increase from $10.3 million in the same period last year.
Gross profit margin during the Q3 was 71.3%, down from 73.1% in the Q3 of 2023. The company attributes this slight decline to inflation and an unfavorable foreign exchange that negatively impacted its savings initiatives.
Operating income during the quarter was $2.6 million, a significant improvement from a loss of $0.9 million in the same quarter of 2023.
“The third quarter delivered the highest sales volume this year, with $114.6 million in sales, up 4% versus prior year on a local currency basis,”
said Terrence Moorehead, Nature’s Sunshine CEO.
“The strong performance was driven by robust customer growth in Japan and Taiwan, continued progress in Korea, and strong execution and customer activation in Central Europe.
The positive momentum was somewhat offset by the macroeconomic headwinds in China.
We are excited about the actions we’ve taken to advance our strategic agenda and remain confident that our approach will allow us to attract and retain more customers, drive profitable growth, and build shareholder value.”
Guidance for full year

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