Wells Fargo is laying off nearly 500 workers from its mortgage servicing team in the Birmingham area, officials announced Thursday.
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Richard Branson's 5 Fashion Startup Secrets They Don't Teach You in Business School
by Successful IBO • • 0 Comments
Entrepreneur Richard Branson regularly shares his business experience and advice with readers. The business mogul shares his 5 fashion startup secrets they don’t teach you in business school.
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How a Former Denny's Waitress Amassed an Empire of Over 75 Denny's Locations
by Successful IBO • • 0 Comments
Dawn Lafreeda began working at a Denny’s in California at 16, making her way from hostess to waitress. During college, she took on a second job at a software company, where she learned about accounting and managing personnel.
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15 Things Successful Entrepreneurs Do Every Day
by Successful IBO • • 0 Comments
The most effective entrepreneurs view themselves as assets. They continually invest in themselves and in their future through continuing education and self-improvement.
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Memo from Microsoft exec Elop announcing job cuts
by Successful IBO • • 0 Comments
Microsoft Executive Vice President Stephen Elop sent employees of the company’s devices business a memo detailing its job cut plans.
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Memo from Microsoft CEO announcing job cuts
by Successful IBO • • 0 Comments
Microsoft announced Thursday that it will cut up to 18,000 jobs, or about 14 percent of its staff.
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Tupperware Turns To Indonesia
by Tina Williams • • 0 Comments
Originally reported by the Wall Street Journal:
Rick Goings, the chairman and chief executive of Tupperware Brands Corp. is spearheading a transformation at the American company known for its colorful food-storage containers.
The company, founded in 1939 by inventor Earl Tupper, is headquartered in Orlando but gets 60% of its revenue from emerging markets. Tupperware expects this percentage to rise to 80% in five years.
Rick Goings, chairman and chief executive officer of Tupperware Brands Corp. Tupperware Brands Corp.
Its largest market is Indonesia, a country where it’s been challenging for many retailers to expand because of poor transportation networks and stiff competition for retail space. Tupperware has found success in the world’s fourth-largest economy because its salespeople sell salad bowls and mini food processors to family and friends at home, often transporting the products by scooter or bus.
Globally, Tupperware’s sales force of 2.9 million is still largely made up of stay-at-home moms who hold Tupperware parties to supplement the family’s income. Yet increasingly, men are also throwing Tupperware parties.
Mr. Goings, 68, talked to The Wall Street Journal about how the 75-year-old company is adapting to a changing business model. Edited excerpts:
WSJ: Do people still have Tupperware parties?
Mr. Goings: Yes. But these kinds of products have been commoditized greatly in
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It Works! Enjoys Over A 1000% Growth In 3 Years
by Tina Williams • • 0 Comments
Earlier this year, It Works! ranked No. 27 of the world’s top 100 direct sales companies on the DSN Global 100.
CEO Mark B. Pentecost set the goal to make the DSN Global 100 list in late 2011.
“I’ll never forget that day near the end of 2011 when I met with members of our team—both corporate and in the field—and we made one decision that will forever be a milestone in our company history,” said Pentecost. “We had one message from the top down, and we worked hard to stay focused. That is how we continued to see phenomenal growth.”
Other companies recognized as part of the $100 Million Growth Club are based in the United States, Germany, Japan and the United Kingdom. This is the first time the DSN has recognized companies for their growth of $100 million in one year.
It Works! first made the DSN Global list in 2013 at No. 56 for its 2012 revenue of $200 million. The company’s revenue was $456 million in 2013, and it’s on track to become a billion dollar brand for over $1 billion in cumulative sales since inception in 2014.
The Global 100 is the Direct Selling Association’s annual list that ranks the top revenue-generating direct selling companies in the world.
Founded in 2001, It Works! is one of the fastest-growing
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Negotiations move forward as NY rail strike looms
by Successful IBO • • 0 Comments
The chief negotiator for unions at the nation’s largest commuter railroad is vowing to keep working toward a deal that would avoid a strike.
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ACN Grows By More Than $100 Million In A Single Year!
by Nicole Dunkley • • 0 Comments
While working on its annual Global 100 list which recognizes the top 100 direct selling companies in the world, Direct Selling News, the direct selling industry’s premier publication, discovered that ACN Inc., along with only a handful of other companies, grew by over $100 million in a single year.
In fact ACN grew by an incredible $118 million, going from $582 million in revenue in 2012 to $700 million in 2013 – making ACN the 20th largest direct selling company worldwide.
Direct Selling News explains that “very few companies in any industry ever achieve a growth of $100 million or more, much less in a single year,” making this an incredibly rare achievement.
They further stated that, “Not only have they achieved and exceeded a mark that less than one-half of 1 percent ever reach, they have duplicated that effort in a one-year time frame!”
Direct Selling News also noted that ACN, along with the other companies who reached this milestone, share 5 practices that help the company to be successful:
1. Tremendous focus on our brand and product
2. Utilizing tools for our salesforce
3. Investing in customer acquisition
4. Emphasizing personal development in our culture
5. Focusing on developing strong leaders