In the entrepreneurial world, men would often dominate the field. With times changing, more and more females are conquering the business world to make a mark and let their voices be heard. One example is Heather Sanders, the CEO of the fashion label, Sorella Boutique.
Her fashion line started with humble beginnings of having only ten products in her line that, with her determination, boomed into a full product line with a shop at Melrose Avenue to boot! Indeed, Sanders is an inspiration to many aspiring female entrepreneurs who want to make it in the cut-throat industry.
When asked what her secret to success is, Sanders mentioned that a big portion of her success is her ability to stay true and authentic. In fact, here are some of Sanders’ words of wisdom to anyone who wants to pursue their dreams of launching a business.
Sanders’ Food for Thought:
- “Only compete with yourself.”
In any field, whether it’s dancing, school, or even a yoga session – you should only compete with yourself. Yes, there may be tough competition out there, but you will never go anywhere if you are too busy checking out the competition instead of focusing on yourself and your growth potential.
While it is good to check what are the edge of other companies that you have to watch out for, invest your time, energy, and resources on building the good things of your brand, and you can never go wrong in growing your business.
- “Support each other!”
In a heavily male-dominated sector, there are only a few brave females who would even attempt to try it out in business. Instead of being catty and pulling each other down, do what females do best, and that is to support each other. Create a social group and maybe share best practices.
Have a session solely dedicated to talk about everything and anything under the sun EXCEPT work. Get to know each other on a personal level, and it gets easier to have each other’s back.
- “Use fear as a motivating factor.”
Being a newbie in any industry can be quite scary. Use this fear as a motivating factor to reach even greater heights! Do not be afraid to ask questions or speak out your ideas in board meetings or conferences. After all, this is your chance to be heard.
Engage in mentoring sessions with other leaders and experts in the field. The main objective is for you to learn as much as you can and apply it to let your business grow.
- “Practice determination.”
Some people say that determination comes naturally, but determination requires discipline and lots of it! Choose a goal and make sure that you contribute every single day towards achieving that goal. For example, if you want to promote your brand, there are plenty of ways to do so!
You can host meetings to gather feedback from your colleagues, share best practices with your female group, take online lessons on digital marketing, and up your marketing strategy in your social media accounts.
- “Stay true to yourself.”
Some leaders, once they have achieved their perspective of what success is, often divert from the path they once called their true selves. However, many successful leaders remain true to their authentic and genuine selves. In fact, they thrive because of it!
Hopefully, the tips above can help budding female entrepreneurs to launch their new businesses.
How Climate Action Can Be Forced by 137 Million Americans That Own Stocks
Climate change is coming sooner than later, which is why climate action is necessary to avoid problems to rise after. Here’s how owning stocks help us.
The US presidential elections are a few days away, and there is a possibility of a political solution that will resolve the climate crisis. Should the Biden administration get elected, they may provide us with climate legislation. However, no one has any guarantee of when that will happen and what the outcome will turn out to be.
While we are under the current administration, the Department of Energy has settled with referring to natural gas as US freedom molecules. This not the introduction to carbon tax the Republicans are hoping for.
So who can we turn to when it comes to immediate climate action? The corporations need to step up. We can see that some companies are jumping into action, like Beyond Petroleum, who is working on implementing their slogan. The company announced that they plan on cutting oil production to 40% in the following decade and expect to reach zero emissions by the year 2050.
It has joined hundreds of companies that are looking at science-based processes when it comes to cutting emissions. Nearly 300 companies that range from apparel to automotive to cutting their emissions to 35%, which is a great objective considering that these companies are responsible for having more emissions than Spain and France combined.
For tech companies, they seem to be in an arms race for sustainability. In 2019, Amazon promised to purchase 100,000 electric delivery vans to go carbon neutral by the year 2040 and to reduce enough carbon to offset all its past emissions.
Meanwhile, Microsoft is participating in Transform to Net Zero, which is a group of private companies that aim to achieve net-zero global emissions by no later than 2050.
The latest update for climate action has received both hopeful and cynical reactions—hope that the changes made by corporations can make a significant difference, but cynical about whether or not these commitments will be achieved.
However, Americans who own stock have the capacity to force corporations to take their own step towards climate action. If the 137 million Americans that own stock can convince the corporations they own stock from to take these steps, you can ensure that the climate will improve overtime.
It’s normal to feel some skepticism towards the actions of the corporations as some companies share the lack of concern towards the climate, but with the help of shareholders and voters, they can force these corporations to provide tangible proof of their climate action.
Their reward for this is that they can keep their shareholders because, at the end of the day, you can’t have shareholders if the world isn’t sustainable for living and that companies need shareholders to support their companies and products.
White House: Facebook, Apple, Google Monopoly Is Getting Exposed
The White House is looking into Facebook, Apple, and Google monopoly game, and is not looking good for the companies in question and other companies.
The House Judiciary Subcommittee that focuses on the Anti-Trust, Commercial, and Administrative Law began an investigation on Facebook, Apple, Google, and Amazon—the four major companies.
The subcommittee aims to answer the question of whether Big Tech gained their success by following the rules or did it stay on top of its game by bending the rules. After 16 months of research, hearings, and analysis, the results don’t look ideal for the companies involved.
From the looks of it, the tech sector does show an abuse of “monopoly power,” which the subcommittee concluded in their 450-page report, which they submitted previously.
What Is the Current Problem?
Congress is not looking into the companies for monopoly abuse, as this is something that happens when a company this big is in the business. They are more concerned with what they do to stay on top that concerns the subcommittee.
If the company has 90% of the market that was earned through natural growth and you deal with other companies and consumers fairly, then the anti-trust committee will leave you alone; however, if they notice that you used your size to knock small businesses out of the scene before they get a chance to compete, or have competitors that have proof that you’ve been leveraging parts of your platform fraudulently, then you will have a problem.
Dividing the Four Companies
- Apple – The App Store
Apple doesn’t have a monopolistic hold over the smartphone sector, but it does have control over what you can do with their iPhone. This is because you can only install apps through the Apple app store, and Apple controls which apps you can download through there.
Amazon is a company that controls over 50% of the US e-commerce market, and even more in other sectors. This company abuses monopoly power by leveraging its control over both the customers and the sellers and pushing favorable terms in negotiations that are unfair.
It’s without a doubt that Facebook has monopoly power over social networking, and it is unlikely that any social platform is going to take the power away from them.
Google has been the top search engine for 20 years. The company has changed its values from ranking results based on what’s best for Google to preferring its own websites and giving more space for ads.
Do you actively browse or participate with any of the ads involved? If you do, stay tuned for an update on the White House: Facebook, Apple, Google Monopoly investigation. If you are an aspiring app developer that wants to make it in the business, read up on how you can grow your consumers organically and work on that.
American Cloud Platform Giant, IBM, Splitting up in 2021
American Cloud Platform Giant, IBM, is splitting up to have two more focused infrastructures in 2021. Let us look at the implications of this strategic move and how this affects IBM’s long-term strategy.
IBM is one of the biggest cloud platforms in the United States that offers cognitive solutions that focus on marketing and selling hardware, middleware, and software products. Its product portfolio also includes hosting and consulting services from mainframe computers to nanotechnology. Through the years, IBM has reinvented itself and proved its adaptive capabilities by changing its product portfolio as technology becomes more intuitive and innovative. Here are some of its previous product range:
- In 1991, the printer and keyboard manufacturing process merged with Lexmark
- In 2005 and 2014, IBM sold its ThinkPad and ThinkCentre products to Lenovo
- In 2015, IBM adopted a Fabless model and offloaded the manufacturing design component to Global Foundries
- From 2002 to 2019, IBM acquired PwC consulting, SPSS, The Weather Company, and Red Hat.
IBM is considered one of the biggest companies in its industry line, with over 350,000 employees as of 2019. They are considered a global group with the US, and India has the biggest bases in the employee workforce.
The Big Split: IBM Splitting Up in 2021
At last October 10, 2020, IBM announced a spin-off where the new company will focus on higher-margin cloud services. During an interview, IBM CEO Arvind Krishna mentioned a significant shift in how IBM usually operated but emphasized that this is a needed move for their long-term strategy. He further reiterated that one of IBM’s strength is its adaptability in the face of the fast-paced environment of technology, and this is one of the ways to strengthen IBM’s portfolio.
The Vision of NewCo
IBM’s vision for NewCo is that this new division will focus on its open hybrid cloud platform, which can grow to a $ 1 trillion market opportunity. This will then launch IBM into even greater heights as the world’s leading managed infrastructure service provider. To summarize, IBM’s focus will be technology and platform innovation and digital transformations specific for cloud and cognitive software, global business services, global financing systems, and IBM Public cloud service.
The projected revenue for IBM alone is $59 billion. NewCo, on the other hand, focuses on IT infrastructure modernization, specifically for the managed infrastructure service business of the global technology service segment with projected revenue of around $19 billion.
IBM’s capital structure is expected to maintain a single A credit rating, while NewCo’s capital structure targets an investment-grade credit rating. The dividend policy for both companies is expected to be no less than IBM’s pre-spin dividend per share, and that the relationship between both companies is expected to be strong and strategic, which mutually influences each other.
Because of IBM’s admittedly risky yet strategic move, investors are knocking on its doors with IBM stock up 7% as of October 12 since the press release.
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