Jenn Hyman The Women Who Build A Billion-Dollar Fashion Technology Business Empire

Source: Forbes

“I'm here to assure you that you can have it all,” says Jenn Hyman, co-founder and CEO of the disruptive fashion technology startup Rent the Runway. Hyman remains one of the few female founders to helm a billion-dollar empire, and the first to attain elusive unicorn status while also nine months pregnant. “You can have the life that you've always dreamed of having. And I think that it's crazy that I used to think that that was impossible.” In a landscape where outdated stereotypes are just one of the many challenges female leaders face as they rise the ranks, Hyman is busting the myth that high-achieving women must choose between a fulfilling career and achieving life ambitions beyond their professional pursuits. Since co-founding Rent the Runway in 2009 after attending Harvard Business School, Hyman has gone on to raise over $500 million in funding, growing the business to over 11 million members and revolutionizing the $2.4 trillion fashion industry along the way. Change has extended far beyond her professional life too, and Hyman stresses the importance of this in her evolution and success as a leader. “My whole life has changed. I'm married, I have kids, I have a much more balanced life than I had in the early days of Rent the Runway,” she says. “But that doesn't mean that I work fewer hours now; I still work with the same level of intensity. But I think that it's extremely important to have other things in your life that you are as obsessed with or more obsessed with than work.”

10 BEST BUSINESSES You Can Start ONLINE in 2020

Source: Alux

This Alux video well try to answer the following questions: What kind of online business is most profitable? What is the best business to start in 2020? What are the most successful small businesses? What is the best online business to start in 2019? What are the top 10 online businesses? How can I earn fast money? What businesses are in demand? How do I decide what business to start? Which type of business is best? What's the easiest business to start? What's the easiest type of business to start? Which industry is most profitable? What is the best online business to start in 2020? Is 2020 a good time to start a business? Which business is best for students? How can I make money in 2020? How can I earn money in home? How can I make a lot of money online? How can I make $100 a day? How can I make $100 a day online without investment? How can I turn 100 dollars into 1000 a day? What kind of business can I start from home? What business will be successful in future? Which home based business is the best? Is online selling profitable? What are the top 5 most profitable businesses? How can I start my own online store? What kind of business can I do online? What are the top online businesses? How can a 2020 beginner make money online? What is the best startup business for 2019? What is the cheapest most profitable business to start? What are the worst businesses to start? What are the most successful big businesses? What is the best business for ladies? What can I sell online?

Avon reports the number of people signing up to be sales representatives had more than doubled

(qlmbusinessnews.com via theguardian.com – – Mon, 20th July2020) London, Uk – –

Number of new reps who sell products to people in their homes has more than doubled

Avon looks set to be calling at many more UK homes after the cosmetics company revealed that the number of people signing up to be sales representatives had more than doubled in the lockdown.

The company, which boasts 5 million “reps” globally, said it had seen a 114% “surge” in the number of new representatives joining its UK businesssince lockdown began.

Founded in 1886, Avon has been struggling to keep pace with changing consumer tastes and habits, and has faced increased competition from new brands backed by online influencers. But the company said the pandemic had prompted many people to look for new ways of earning cash, and that, amid a looming jobs crisis, growing numbers were on the hunt for opportunities to supplement their income.Advertisement

It said the spike in sign-ups came amid predictions that the economic impacts of Covid-19 would be “disproportionately felt by women”.

The company has also changed its commission structure, so that reps can now earn 20% on their sales of £1 and over. Previously sales had to reach £90 before reps qualified for commission.

Sian Erith, who lives in Norfolk,kickstarted her Avon business during lockdown as restrictions forced her to take a break from a career in hairdressing. Using social media to generate online sales at a time when personal selling was not possible, Sian said she earned £600 in her first three weeks.

Avon was founded in 1886 by David McConnell, a travelling book salesman who found that female customers – who often answered the door because their husbands were at work – were more interested in the free perfume samples he offered as an additional perk. McConnell recruited women to act as sales agents for the products he mixed from an office in New York.

Avon’s UK business launched in 1959, and the first “Ding dong, Avon calling” TV adverts aired in 1964, and it soon became a British catchphrase.

The rise of social media has fuelled rapid change in the beauty market, helping to launch brands backed by online influencers, such as Rihanna’s Fenty Beauty and Kylie Jenner’s Kylie Cosmetics, which are now challenging the big, established names.

However, the company – now owned by the Brazilian beauty group Natura, also the owner of The Body Shop – remains one of the biggest names in the world of “direct selling” – which does not use shops – and claims to have a huge reach in the UK. It claims to be one of the top three beauty brands in the country “with six million women seeing an Avon brochure every three weeks”.

Angela Cretu, Avon’s chief executive, said: “As the recession tightens its grasp on communities in the wake of Covid-19, people are looking for new ways to earn.” She added that the company was preparing for “a tidal wave” of new sign-ups.

Cretu also said that many of the reps played a crucial role within their communities, as they often provided support to vulnerable individuals by picking up prescriptions and helping with shopping.

The 114% increase relates to those signing up between 23 March and 7 June this year compared with the same period in 2019.

By Rupert Jones

How Crocs Became An Unlikely Billion-Dollar Brand

Source: Make it

These are Crocs. And a lot of people think they’re really ugly. People who love to hate Crocs had cause to celebrate in 2008, when investors were writing the company off as a passing fad. Crocs lost over $185 million that year and cut 2,000 jobs. The stock plunged to just over $1 a share from a high of about $69 a year earlier. But over the next decade, Crocs would go on to sell 700 million pairs of shoes worldwide. Recently, the clogs have have been strutting down runways at luxury fashion shows. Celebrities like Justin Bieber, Ariana Grande and Post Malone are wearing the shoes. It’s a top brand among Gen Z. And limited edition Crocs are selling for up to $1,000 on the resale market. Crocs have become… a collector’s item.

How Much Money Do You Need To Earn To Be Happy?

Source: CNBC

There's a link between how much money we make and how satisfied we are with our lives. An often cited 2010 study about salary and happiness found that our happiness increases up until we reach the $75,000 mark. Then, it plateaus. We spoke with top happiness experts to see how that finding holds up and to find out how much you need to earn to be happy.

How The Man Who Challenged Tesla Went Bankrupt

Source: BI

Faraday Future, a California-based electric-car startup and Tesla's once rival, generated buzz in 2015 as the company poached top talent from Tesla, BMW, Audi, Ford, and Ferrari. Called “Tesla killer,” Faraday’s meteoric rise in notoriety occurred on dubious underpinnings — the company did not promise a product, nor did it announce any concrete plans for its first few years of operation. The mystery surrounding Faraday was only matched by its enigmatic cofounder and CEO, Jia “YT” Yueting, the billionaire businessman who founded multiple telecom companies in China but left abruptly to become the CEO of Faraday. We took a look at YT and Faraday Future's promise, the financial woes that led them both to bankruptcy, and YT's relationship with the reanimated Faraday today.

10 Strategies People Use to be Successful on Social Media

Source: Alux

This Alux video well try to answer the following questions: What should be my social media strategy? How does one create a successful social media strategy? What makes a social media campaign successful? What companies have great social media strategies? Should one have a social media strategy? What social media strategy would give the best results? What are the most common mistakes businesses make with their social media strategies? What are the best strategies for social media marketing? What is the key to a Successful social media strategy? How do you define a social media strategy? How to win at social media? How to make a good post on social media? What is the best social media for business? How is social media used for business? Why social media is important for business? What are benefits of social media? What are the advantages and disadvantages of social media?

10 Companies Moving to REMOTE Working FULL TIME

Source: Alux

This Alux video well try to answer the following questions: What are 10 Companies Moving to Remote working Full Time? What companies are switching to work from home? How do you transition to work from home? Why do companies are switching to remote working? Is working from home the future? What is the difference between work at home and work from home? Would you switch to flexible working from home if you could? What companies are hiring work from home? What type of work can I do from home? Why working from home is good for business? What are the best legit work from home jobs? Is working from home good? How do you plan your day working from home? Is working from home becoming more popular? How can I work effectively from home?

How Much do Franchises Actually Make? Food, Cleaning, Senior Care & More

Source: FC

How much do franchises actually make, and why is this information impossible to find? We look at 5 of the biggest names in food compare with popular industries like beauty, cleaning, senior care, staffing and more. We'll also explore franchises that can make as much or more as some of the big name food franchises, for an investment that is 10X less. According to a Franchise Business Review report, 51.5 percent of food franchises earn profits of less than $50,000 a year; only about 7 percent of food franchises have profits over $250,000. The average profit for all restaurants in the report was $82,033. You can see a very small amount of food franchises earn decent money and many owners are struggling or have bought themselves a job. Also keep in mind, if you are looking at a very established big name franchise, you get the leftovers in terms of territory. In most cases the owners making the most money are the locations that opened up long ago and received the best territories. And this is an argument we often hear, someone knows someone who owns 10 Dunkin Donuts and they did well, yes, but they bought them 20 years ago. There is 20 years worth of competition that has built up since that time.

UK Government-backed loan schemes for businesses top £31bn

(qlmbusinessnews.com via news.sky.com– Tue, 2nd June 2020) London, Uk – –

The data shows a steady rise in claims under the so-called furlough scheme but a further leap in so-called bounce back loans.

Three government-backed loan schemes for UK businesses have paid out more than £31bn to date, according to updated Treasury data on taxpayer support for firms and workers' wages.

The latest figures showed almost 750,000 companies had seen loans approved by Sunday 31 May under the emergency COVID-19 funding initiatives; the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) and Bounce Back Loan Scheme (BBLS).

The data showed that £31.3bn had been paid out by banks – up from £27.5bn a week ago.

The growth continued to be led by demand for the BBLS, in which sums – 100% guaranteed by the government – can be borrowed up to a maximum of £50,000.

The Treasury said £21.3bn had been dispersed by lenders to 699,354 companies.

The total number of applications for bounce back loans stood at more than 873,000.

A sum of £8.9bn had been lent to nearly 46,000 companies under CBILS, and a further £1.1bn to 191 companies as
part of CLBILS, the figures showed.

It was also confirmed that the number of workers' wages being supported by the Job Retention Scheme, also known as the furlough scheme, which is aimed at limiting the lockdown's impact on employment, had topped 8.7 million – up from 8.4 million a week earlier.

The Treasury put the cost at £17.5bn to date.

There are growing worries about the total cost of the taxpayers' support – estimated by the Office for Budget Responsibility to top £120bn – and the government's exposure should small firms default on bounce back loans.

RBS chairman Sir Howard Davies told a Sunday Times panel last week that a central pool should be set up to carry bad debts held by banks under the scheme, should borrowers go under in the looming recession for the UK economy.

Chancellor Rishi Sunak announced changes to the Job Retention Scheme (CJRS) last week that will let businesses bring back staff part-time from July, but introduce a taper requiring firms to contribute to salaries from August.

The scheme itself is to be closed at the end of October.

This week until Thursday, Dermot Murnaghan will be hosting After the Pandemic: Our New World – a series of special live programmes about what our world will be like once the pandemic is over.

We'll be joined by some of the biggest names from the worlds of culture, politics, economics, science and technology. And you can take part too.

James Sillars Business Reporter

15 Examples of MILLIONAIRE MATH

Source: Alux

This Alux video well try to answer the following questions: What is millionaire math? What are some examples of millionaire math? What does it take to make 1 million dollars. How to make a million dollars step by step? What is this concept called Millionaire Math? How does Millionaire Math work? How to break down a million dollars? How do people become millionaires? What do investors means when they say: Know your numbers? What are the most important numbers in business? How do rich people think? What do people mean when they say millionaire math? What are some examples of how businesses are making money? How can a person make a million dollars with examples? How to do millionaire math? You need to make $2740 for 365 days to hit a million dollars!

AMAZING INVENTIONS THAT ARE ON AN ANOTHER LEVEL

Source:Innovative Techs

Our life pace is accelerating. However, technologies manage to outpace it, coming up with multifunctional things that make our life very easier. Multifunctionality is the trend of our time, so inventors are trying their best to turn any item into several items at once. In this release, we will show unusual, although such necessary items …

Some 8.4 million workers now covered by government’s furlough scheme

(qlmbusinessnews.com via bbc.co.uk – – Wed, 27th May 2020) London, Uk – –

Some 8.4 million workers are now covered by the government's furlough scheme, up from eight million a week earlier, the Treasury has said.

Claims for subsidies filed by employers rose to £15bn from £11.1bn, it added.

The scheme, brought in to mitigate the effects of coronavirus, allows employees to receive 80% of their monthly salary up to £2,500.

A similar scheme for self-employed workers saw 2.3 million claims made worth £6.8bn.

The Self-Employed Income Support Scheme, as it is known, differs from the furlough scheme because it is a grant paid out in a single instalment covering three months and amounting to 80% of average profit.

The furlough scheme, officially called the Coronavirus Job Retention Scheme, was originally intended to last until the end of July, but has now been extended until the end of October.

  • What does it mean if I've been furloughed by work?

Chancellor Rishi Sunak has confirmed that it will continue to provide the same level of earnings, but has said the government will ask companies to “start sharing” the cost of the scheme from August.

Sources have told the BBC the Treasury still expects to be paying more than half the costs between August and October.

‘I'm one of the people who slipped through the cracks'

Marketing professional Sian Melonie, from Hackney in east London, is one of the many people who, through no fault of their own, are not in a position to benefit from the government's furlough scheme or its help for self-employed workers.

After 12 years in work, she decided to go self-employed last year and began working for a large cinema group.

She was due to start a fixed-term contract from 30 March, but that offer was withdrawn when the pandemic hit.

“l don't qualify for any support. I can't be furloughed and I don't qualify for self-employed benefits, because I'm new to it,” she told the BBC. “I'm one of the people who slipped through the cracks.”

But Sian says she is not angry and is using her savings to tide her over. “However, my concern is how much longer it goes on for, because l am essentially spending what l had saved for my self-assessment tax for later this year.

“I'm hoping things get back to normal and the economy can bounce back.”

Recent figures from the government's independent economic forecaster, the Office for Budget Responsibility, indicate that the cost of the government's efforts to combat the coronavirus pandemic is expected to hit £123.2bn.

The OBR expects annual borrowing to equal 15.2% of the UK economy, which would be the highest since the 22.1% seen at the end of World War Two.

It said it had increased its estimate because of the rising cost of the furlough scheme

Billionaire Boparan buys Carluccio’s brand and saves 800 jobs

(qlmbusinessnews.com via theguardian.com – – Fri, 22nd May 2020) London, Uk – –

bout 40 outlets – now shut because of Covid-19 – will close for good, with loss of 1,000 jobs

The billionaire Ranjit Singh Boparan has bought the Carluccio’s brand and 31 restaurants in a deal that rescues more than 800 jobs.

About 40 further outlets of the ailing chain, which called in administrators in March, will be permanently shut, with the loss of 1,000 jobs. All the Carluccio’s outlets are currently closed and its staff are on furlough.

Boparan, 53, has made his fortune in the food business and owns the Giraffe and Ed’s Easy Diner chains as well as Fox’s Biscuits and a vast supermarket chicken empire.

Phil Reynolds, a joint administrator of Carluccio’s and a partner at the corporate restructuring firm FRP, said: “The Covid-19 lockdown has put incredible pressure on businesses across the leisure sector, so it has been important to work as quickly and as decisively as possible in an extremely challenging business environment to secure a sale, which ensures the future of the Carluccio’s brand in the UK casual dining scene.”

The buyout of Carluccio’s marks the latest expansion of Boparan’s empire. He has been labelled the “chicken king” as he is the co-owner and founder of 2 Sisters Food Group, which supplies about a third of the chicken on UK supermarket shelves. The company, which also owns Fox’s Biscuits, was the subject of parliamentary and food watchdog inquiries in 2017 after a Guardian and ITV News undercover investigation into food standards at a 2 Sisters chicken plant.

Boparan’s interests also include the turkey producer Bernard Matthews and the upmarket Cinnamon Club restaurant in London, as well as Boparan Restaurants group, which operates 140 outlets across six chains.

Satnam Leihal, the managing director of Boparan Restaurant Group, said: “This acquisition is in line with our strategy to grow our restaurant group with quality brands. While it is an extremely challenging time for the sector, we believe quality hospitality businesses will recover in the long term as people return to eating out.”

Boparan is extending his empire as restaurants and pubs face intense financial pressure during the coronavirus crisis. UK operators have been closed since the end of March and will not be allowed to open to diners until at least 4 July, when the third step in the government’s lockdown easing plan is due to take place, if progress in tackling the virus allows. Even then, businesses are expected to have to operate with strict physical-distancing rules, which are likely to dramatically affect profits.

Carluccio’s was founded by the late chef Antonio Carluccio in 1999 and was owned by Landmark Group, a Dubai-based retail and hospitality conglomerate.

Restaurants that have been rescued

Beverley
Bluewater
Bristol, Cribbs Causeway
Cambridge
Cheshire Oaks
Chester
Chichester
Colchester
Derby
Kingston, Bentalls
Leamington Spa
Leeds, Trinity
London, Islington Development Kitchen
London, Marriott Heathrow
London, Marriott Regents Park
London, Richmond
London, South Kensington
London, St Christopher’s Place
London, St Pancras Station
London, Waterloo Station
London, Wimbledon
Manchester, Trafford Centre
Manchester, Piccadilly
Portsmouth
Reading
Sheffield
Solihull
Southampton
Stratford-upon-Avon
Walton-on-Thames
Dublin Dawson Street

By Sarah Butler 

15 Types of Rich People

Source: Alux

This Alux video we'll try to answer the following questions: What are the types of rich people? Are there different kinds of rich people? How do people get rich? What are the most common types of rich people? What kind of people get rich? Who are the types of people that get rich? How many types of rich people are there? What are the most common categories of rich people? How can you separate rich people in different categories? What are the commonalities between rich people? What type of rich people am I? What are some famous types of rich people? What are the different types of wealth? What are the types of wealthy individuals? How much money do you need to be rich? What are the different types of fortunes?