Tag: Build

How Amazon Prime Day helps build million-dollar businesses

John MacDougall | AFP | Getty Images

Come Oct. 13 and 14, Amazon’s annual two-day members-only online sales extravaganza Prime Day will bring customers over one million deals on myriad products in popular categories including home accessories, toys, and electronics. But in addition to providing shoppers with steep savings starting at midnight PST on Tuesday, the popular sales promotion will also offer thousands of small businesses opportunities to quickly scale customer awareness and revenue.

Currently, more than 500,000 small and medium-sized businesses in the U.S. sell on Amazon, and the company’s goal is to onboard an additional 100,000 vendors as new sellers to its store. Despite the ongoing pandemic, third-party sellers continue to crowd its virtual aisles, and presently account for over half of all units sold via the online retailer. In the 12-month period ending in May alone, American SMB sellers sold more than 3.4 billion products, up from

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Beneficient Group founder and wife donate $11.5 million to build SMU business school commons

Dallas businessman and financier Brad Heppner was welcomed to the Southern Methodist University business school campus as an undergraduate student pursuing a triple major in the 1980s, thanks in part to a scholarship.

a man standing in front of a window: Brad Heppner, CEO of Beneficient Group in Dallas.

© Carly Geraci/Staff Photographer/The Dallas Morning News/TNS
Brad Heppner, CEO of Beneficient Group in Dallas.

“We had a dedication out front with all the students. You had Cary Maguire, Ed Cox, and Trammell Crow — all out there dedicating the opening of those buildings,” Heppner said.

Now, with an $11.5 million gift from Heppner and his wife Aurelia, his family’s name will adorn a brand new commons area the university is planning as part of a $10 million renovation of existing Cox School of Business facilities.

In addition to the commons, their donation includes $1.5 million to support research faculty salaries and scholarships through the Heppner Endowments for Research Organizations.

“We hope for those to grow

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Should Luxury Build Resale Into Its Business Model? | BoF Professional, This Week in Fashion

Resale is shaping up to be one of the big winners of the pandemic. Even as wider fashion sales slump significantly, the secondary market is exploding. According to a recent report by ThredUp, online second-hand sales of fashion goods are set to grow 69 percent between 2019 and 2021, as sellers clean out their closets for extra cash, and Covid-wary buyers avoid physical stores and seek bargains online.

In the luxury segment, second-hand sales are heating up, too. Luxury resale is set to grow 15 to 20 percent each year over the next five years, faster than the overall luxury market, which was growing in the low single digits before the pandemic, according to Boston Consulting Group.

Over the last decade, the luxury resale space, once dominated by eBay, has birthed a wave of “eBay meets Net-a-Porter” platforms like Vestiaire Collective and The RealReal, which offer curation, authentication and hassle-free

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How to Build an AI Business Strategy

Author: Lee Beardmore, AI and intelligent automation expert, Capgemini

In business, as in life, there are things you really must have, and there are things you’d like to have. I’d bet that, for many organizations, artificial intelligence (AI) falls into the second category. “Yes, it sounds so promising, doesn’t it? We really ought to take a closer look sometime.”

I’d argue it’s not a nice-to-have at all. I’d go further, and say it’s essential that companies embrace AI as something that can enable fundamentally different ways of working. It’s not just an add-on to what a business delivers today. Creating a business strategy for AI demands organizations get a clear handle on how it will impact not just the various products and services they create, but also the way companies interact with the market through sales and customer service, as well as the

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HBCU students build business savvy through Ally’s Moguls in the Making competition

DETROIT, Oct. 7, 2020 /PRNewswire/ — Moguls in the Making, a business plan pitch competition that offers Historically Black College and University (HBCU) students an opportunity to learn and practice vital skills, will take place virtually Oct. 8-11, 2020. This second annual competition is presented by Ally Financial Inc. (NYSE: ALLY), Thurgood Marshall College Fund (TMCF) and entertainer and entrepreneur Big Sean’s foundation, the Sean Anderson Foundation (SAF). The event will showcase the diversity of ideas, thoughts and experiences these students can offer the business world.

Moguls in the Making gives 50 students—grouped into teams of five from 10 HBCUs—an opportunity to develop and present business plans aimed at solving key issues in the context of today’s economic and social climate. Winners receive scholarships and internship opportunities with Ally.

To learn more about the program and the experiences of last year’s participants, view this short video. Six of the

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As Businesses Shift Online, Quantum Metric Secures $25M to Help Them Build Customer-Centric Sites That Exceed Digital Expectations

COLORADO SPRINGS, Colo., Oct. 7, 2020 /PRNewswire/ — Quantum Metric, a SaaS platform that helps organizations build better digital products faster, today announced it has secured up to $25 million of debt capital from Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors. With its initial Series A round led by Insight Partners in 2018 and the closing of this facility, Quantum Metric has raised $50 million in capital over the span of 24 months.

The pandemic has altered the investment landscape, slashing the number of VC rounds in the U.S. this year by 44 percent. In its latest capital raise, Quantum Metric leveraged its strong balance sheet, in combination with its competitive market position as the global leader in Continuous Product Design (CPD), to drive the strategic decision to choose debt financing over equity to grow its fast-moving business. The new

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Build your business online with Sellful

This plan makes it easy to build a customized website, manage content online, market products and services and much more—all through a streamlined interface that’s easy to use even if you don’t have any experience with web development or SEO practices.

You’ll be able to build pro-level websites that highlight your company’s products and services, sell physical and digital products online, keep track of customer engagement through a native CRM, collect emails and phone numbers from your website, and much more.

This plan also allows you to build membership programs with various levels of access for your customers, and it’s easy to promote your company in a wide variety of online mediums thanks to a series of powerful SEO tools.

Give your company the attention it deserves with the Sellful All-in-One Business Software: ERP Plan while it’s available for just $199—95 percent off its usual price for a limited time.

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Liverpool mum battled depression to build her own events and party business

A Liverpool mum who battled post-natal depression to build her successful children’s entertainment business has credited the support from The Prince’s Trust.

Lucie Campbell praised the charity as they mark the milestone of having helped one million young people across the UK since being founded in 1976.

The 40-year-old from Netherley set up her own business, Jumping Jacks, back in 2009 after turning to The Prince’s Trust for help after facing challenges including leaving home at 16, having a baby at 19 and then suffering from postnatal depression.

She told the ECHO: “Exercise really helped me with postnatal depression and I wanted to help others in a similar situation.

“At the time, I felt lonely. I had trouble sleeping, I would only get about three or four hours a night, I was worried all the time and wondering whether I was doing a good enough job as a mum.


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4 Ways to Successfully Build a Bootstrapped Business

5 min read

Opinions expressed by Entrepreneur contributors are their own.

Many aspiring entrepreneurs think the key to growing a successful company is linked to the ability to secure investor funding. For some businesses this may be true, but many successful companies have been built from the ground up with no outside investment or support, aka bootstrapping. It takes great dedication, strong work ethic, sweat equity and an immense amount of drive to bootstrap a business to success.

Today, the majority of entrepreneurs are bootstrapping their companies. One recent report found that of the 202 million working-age adults in the United States, 27 percent are either running a business they own and manage or starting such a business. Of these, 33.1 million are in the entrepreneurial phase (starting or running a business for less than three and a half years). Now consider that venture capital is used

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How to build a diverse and inclusive workforce as a small business

Shayanne Gal/Business Insider

© Shayanne Gal/Business Insider
Shayanne Gal/Business Insider

a woman standing in a kitchen: Hiring diverse talent can help your business better innovate. Luis Alvarez/Getty Images

© Provided by Business Insider
Hiring diverse talent can help your business better innovate. Luis Alvarez/Getty Images

  • Smaller businesses are better poised to create diverse and inclusive teams than big corporations — as long as they start early.
  • Finding top talent for your company requires diversifying your network before you start hiring and expanding the scope of what you’re looking for in candidates.
  • You can also make your hiring strategy more inclusive by standardizing the interview process so that every candidate gets the same questions and evaluations.
  • Creating a diverse and inclusive workforce isn’t a chore — it’s good for business and something any company can do with the right mindset and effort.
  • This article is part of a series called Resources for Resilience, focused on providing tips and inspiration for small businesses who are learning how to survive and thrive in today’s
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