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Stressed-Out Entrepreneurs Have Started Doing This to Relax

Stressed-Out Entrepreneurs Have Started Doing This to Relax


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Sleep is important for your mental acuity and productivity, but the stress of running a business can keep entrepreneurs up at night. One recent study even found that 61% of small-business owners lose, on average, seven hours of sleep every week.

If you’re having trouble falling asleep, try relaxing with help from Calmind. This unique app transforms your phone’s flashlight into a tool to help you relax and drift to sleep peacefully. Normally, it would cost $299 for a lifetime subscription to Calmind, but now it’s only $49.99.

How business owners can relax

Calmind uses Flickering Light Stimulation (FLS) technology to create a soothing, meditative experience that guides your mind into relaxation. By emitting precise light patterns through your phone’s flashlight, it helps synchronize brainwaves, making it easier to achieve a deep state of calm, the company. This technique has been scientifically backed to support stress relief, emotional balance, and improved sleep, all without the need for medication, the company says.

Beyond sleep, Calmind offers a range of wellness programs that it says are designed for focus, relaxation, and even migraine relief. With more than 500 guided sessions, the app provides a personalized approach to mental health, helping you find clarity and peace whenever you need it. Whether you’re looking to unwind after a long workday, deepen your meditation practice, or boost your concentration, Calmind has a session tailored to your needs.

The app even includes a Safeplace Journal feature where you can document positive thoughts and moments of gratitude. Reflect on the successes of the day to be your own good example for tomorrow.

Invest in yourself. Get a Calmind Premium Lifetime Master Plan while it’s on sale for $49.99.

Calmind Premium Master Plan: Lifetime Subscription – $49.99

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Why Startups Need Public Relations to Spark Growth and Credibility

Why Startups Need Public Relations to Spark Growth and Credibility


Opinions expressed by Entrepreneur contributors are their own.

Forming a startup is a lot of hard work for an entrepreneur. You’ve come up with an idea, developed a business plan, secured funding and put the business plan into action with your first customers or clients. But where do you go from here? The natural next step for any business is growth, and many startups often use PR to enable this growth.

One of the biggest obstacles a startup faces is getting the word out there. Simply put, if the public — or at least the intended customer base — of a business does not know it exists, that business is likely to end up among the more than two-thirds of startups that never deliver a positive return for their investors. Thankfully, public relations is the perfect way for a startup to announce its existence to the public.

Relate: How PR Can Attract Investors and Add Value to Your Startup

Why is PR for startups important?

The key function of public relations is to build brand awareness. To succeed in a crowded marketplace, startups must make themselves known to the public, and PR can help new businesses spread the word about their launches. Using tools like press releases, social media, events, influencer collaborations and media relations, a public relations campaign can transform a business from brand new to a household name.

Public relations also plays a vital role in helping a business shape its brand identity — a quality that is particularly important for businesses in the startup stage. How a business and its leader present themselves in the media provides the basis by which the public sees the company. PR efforts allow businesses to establish a consistent and compelling brand narrative that will resonate with their audience throughout their life cycle.

However, the most critical impact a PR campaign can have on a business and its leaders is helping build trust, credibility, and authority. Because startups are, by definition, new companies, they typically don’t have a reputation to build on. In rare cases, they may have serial entrepreneurs as founders or angel investors who lend the business credibility, but for the most part, business leaders have to work hard to earn trust.

Related: Why Startups Should Invest in Public Relations Right Now

What are some PR strategies to help startups find the right audience?

One approach to startup PR that can be particularly beneficial for business leaders hoping to develop this credibility with their customers and investors is “thought leadership.” In contrast with traditional PR, which focuses on pitching you and your business to people, thought leadership PR tactics are about establishing you as a subject matter expert in your field.

By being interviewed by journalists, appearing on podcasts, getting strategic media placements and contributing guest posts and op-ed articles about topics relevant to your business and industry, you will be seen as a leading voice on those topics.

You may be thinking, “That’s nice, but how does that impact the growth of my business?” Ultimately, it all comes down to reputation. When your target audience sees that you are one of the premier thought leaders on a particular topic, they know that you know what you’re talking about, and the chances of getting them as a customer or investor increase significantly.

How does public relations help startups achieve their business goals?

In some cases, public relations campaigns can lead to customer acquisition. The effects of stories about you and your company are more direct, while the effects of thought leadership-style PR are more reputational and have long-term impacts.

Business leaders can track the success of their public relations strategy in a variety of ways. Some media outlets may allow you to plug your business with backlinks, and if so, you can use a tracking URL to determine the source of your traffic. Otherwise, you can add a question like “How did you hear about us?” to the purchase page for your product or service. Although not exhaustive, both methods at least give you a better idea of how well your PR strategy works.

The other financial benefit of PR is an uptick in investor confidence. Many startups are either looking to attract additional funding for growth or sell to a larger company as part of a merger or acquisition. Public relations can help business leaders achieve these goals.

If your accomplishments have gotten meaningful press coverage in top-tier outlets and industry-specific niche publications, it means that you are doing something right as a business leader. Investors trust media channels like Entrepreneur, Forbes, The Wall Street Journal and MarketWatch as the authoritative voices in the business world. If your name comes up in these places (for something good), they are more likely to trust you.

This is why public relations is crucial for startups. Business leaders must understand that public relations is an investment, and like any investment, it takes time to work with the right PR firm to pay off. However, with an effective PR strategy, the right PR professionals can attract customers and investors to your business, making public relations indispensable for any company looking to grow.



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How Jalen Brunson and Josh Hart Turned Their Side Hustle Into a Booming Business

How Jalen Brunson and Josh Hart Turned Their Side Hustle Into a Booming Business


Opinions expressed by Entrepreneur contributors are their own.

Imagine coming home from work, turning on the TV, and watching analysts dissect everything you did wrong that day. That’s life for professional athletes.

“People always have opinions about what we can do better,” says beloved Knicks star (yes, star) Josh Hart. “They even have narratives about you and your play.”

But in the podcast era, where anyone can pick up a mic and athletes have direct access to their fanbase, many are taking control of their own narratives. That’s where guys like Matt Hillman come in.

Like a great basketball team, a great sports podcast thrives when everyone plays their role. You need the superstar talent who draws the crowd, the comedic vibes guy who keeps the energy high, and, of course, the obligatory random white guy.

As co-host of The Roommates Podcast alongside Knicks stars Jalen Brunson and Josh Hart, Hillman embraces that role. But in reality, he’s so much more.

“We wanted someone we could see as a long-term partner, be ourselves around, and who wouldn’t make it about them,” Hart says. “We both trust Matt, and to be honest, if we didn’t have a 3rd person, the dialogue might go off the rails pretty quickly,” added Brunson. “You never know with Josh.”

Hillman and Hart’s partnership began in high school, where they played on the same team and lived together. While Hillman pursued Division III basketball, he knew his future wasn’t on the court but stayed connected to the game, often visiting Hart at Villanova — where he also met their future co-host, Jalen Brunson.

After college, Hillman moved to L.A., coincidentally reuniting with Hart after he was drafted by the Lakers. As Hillman built his career — eventually founding and selling his marketing firm, Cut and Sew, to GameSquare Esports — they continued collaborating, including on LightHarted, one of the first podcasts hosted by an active NBA player.

Related: ‘Authenticity is Key’: How Two-Time NBA Champion Jrue Holiday is Prioritizing Mental Fitness and Fashion With Rhone

H(e)art over hype

“Early in his career, it was clear Josh had a standout personality and the potential to be known beyond basketball,” Hillman says. “He had that kind of star quality.”

Recognizing the opportunity, they launched LightHarted, positioning themselves as pioneers in the now-booming athlete media space. “What draws people in is the value of a player’s perspective,” Hillman explains. “Traditional media plays a vital role, but journalists bring their own opinions. Hearing directly from players offers a different level of insight.”

Think about it — who would you rather hear break down a game-winning shot: a TV analyst or someone who was actually on the court?

Back in the LightHarted days, an active player hosting a podcast was a rarity. Now, brands have plenty of options when it comes to athlete-led shows, making it less about landing a big name and more about building a distinct identity.

Hillman believes Roommates stands out because of the organic “brotherhood” he — and especially his co-hosts — share.

“It’s their banter, those unexpected tangents, like when we’re mid-interview and they suddenly start arguing about Josh’s lisp,” Hillman says. “That’s what people love because it’s authentically us. We don’t cut or edit those moments — we embrace them.”

Beyond his on-air role, Hillman serves as a bridge between Hart, Brunson, and potential brand partners. Much of his job involves filtering opportunities, whether selecting the right guests or aligning with brands that make sense for the Knicks duo.

“I’m really big on creating partnerships that feel organic and align with what the guys already do,” he shares.

A prime example came earlier this season when Hart and Brunson showed up in Teenage Mutant Ninja Turtles-themed pregame outfits to promote the franchise’s collaboration with Fortnite.

“It’s about understanding what works for them, especially with their hectic schedules, and making sure partnerships feel natural rather than like a chore,” Hillman says.

Related: “Nothing Is Obvious the First Time”: How This Serial Entrepreneur Is Redefining Sports Media with On3

Pave your own path

He brings that same mentality to Path, the fitness influencer agency he founded last year. While relying on social media for fitness, diet and recovery advice, Hillman noticed that many top creators — despite having millions of followers — lacked management.

Recognizing that fitness influencing had emerged as a post-COVID phenomenon, with trainers shifting to digital content after losing in-person clients, he saw an opportunity. He launched Path to help these creators navigate the business side of their platforms, leveraging his experience with professional athletes to support the rapidly growing health and fitness space.

Though Roommates and Path may seem like separate ventures, Hillman sees them as deeply connected.

“When we bring a brand onto Roommates, I build relationships that can extend to Path and its influencers, and vice versa,” he says. “Ultimately, the more Roommates grows, the better it is for the show, the guys, myself, and everything in our orbit — including Path.”

Image Credit: The Roommates Podcast

What began as a way for Hart and Brunson to showcase their personalities has evolved into a lucrative venture for everyone involved — from the players themselves to the brands they collaborate with.

“The most eye-opening experience for me was our live event in Central Park,” Brunson says. “We had 5,000 people come out to support the show, and they didn’t even leave when it rained.”

Although they’ve joked about podcasting being their “real job,” both Hart and Brunson recognize that the podcast is only possible because of what they do on the court. Despite its success, they make a conscious effort not to take it too seriously.

“First and foremost, we want to keep enjoying it,” Brunson says. “That said, our eyes have really been opened to Roommates’ potential as a business, and we’re excited for what’s ahead.”





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There’s Something Top CEOs are Doing That You Might be Missing

There’s Something Top CEOs are Doing That You Might be Missing


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

What sets CEOs apart from the rest of us? Is it experience, education, or a knack for thinking outside the box? Whatever the answer, it often felt out of reach until now. This learning app brings the strategies and insights of top leaders and authors right to your fingertips in 15 minutes or less. Curious how it works?

Try it yourself with a Headway Premium lifetime subscription on sale for $47.99 while codes last.

Get a little smarter every day.

Too busy to read? No problem. Headway’s goal is to make reading more accessible by breaking down nonfiction books into 15-minute summaries you can read or listen to on your lunch break, during your commute, or anywhere in between.

You’ll find hundreds of book summaries on almost any topic—business, self-care, leadership, negotiation, sports, environment, and even some fiction. Lifetime access at this price won’t last long, so head to checkout now.

If you aren’t sure what to read first, check out a curated collection like “Think Like a CEO.” Read one each day to start thinking like Warren Buffet:

  • The 80/20 CEO: Take command of your business in 100 days
  • Negotiation Hacks: expert tactics to get what you want
  • The Diary of a CEO: The 33 laws of business and life
  • Leaders Eat Last: Why some teams pull together and others don’t

With lifetime access, you can look forward to new book summaries added on a regular basis. That’s probably why Headway was named the App Store’s “App of the Day’ and has over 100 positive reviews.

Buy your Headway lifetime subscription for $47.99 (reg. $299.95) while you can. Sale ends March 30 at 11:59 p.m. PT.

Headway Premium: Lifetime Subscription – $59.99

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File Your Taxes Early With 33% off H&R Block

File Your Taxes Early With 33% off H&R Block


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

This time of year, the stress starts the moment we get our W-2s in our inboxes, and we only feel relief until the next tax season. This year, why not file your taxes early and stretch out that peace of mind? Especially when we’re running our best-selling offer on H&R Block Tax Deluxe.

When we ran this deal last year, it sold out in less than 24 hours: File your federal and state taxes online with H&R Block for $39.99, compared to their usual price of $59.99. This Deluxe plan covers anyone who is single or married, has children, has investments, and wants to maximize deductions. It does not cover self-employed individuals or business owners.

Why go with H&R Block?

If you normally use Turbotax or Quicken, you may not be getting the maximum number of deductions. Easily import your W-2s, 1099s, and 1098s, plus any other information, from your old accounts to save precious time.

H&R Block gives you step-by-step guidance on over 350 tax credits and deductions. They’re so sure you’ll get a larger amount back than other services that if you find a bigger refund elsewhere, your tax prep is free.

When you have questions during the filing process—because filing taxes is never just a cut-and-dry process—you can browse H&R Block’s library of articles, FAQs, and tips on tax preparation.

And, in the unlikely case that you get audited, H&R Block will provide you with free in-person support. Talk about having your back.

File your taxes now and be done with H&R Block Tax Software Deluxe + State 2024 for $39.99 (reg. $59.99). These codes will set out fast, so get yours soon.

H&R Block Tax Software Deluxe + State 2024 for Windows/Mac [Online Code] – $39.99

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Leadership Lessons From an Army Ranger Turned CEO

Leadership Lessons From an Army Ranger Turned CEO


Opinions expressed by Entrepreneur contributors are their own.

In our most recent The CEO Series episode, we filmed the CEO of Tanium, Dan Streetman. In an era where cyber threats are ever-changing and growing more sophisticated, Tanium is leading the charge to fortify organizations against digital attacks. A former U.S. Army Ranger and experienced executive, Streetman brings a unique blend of military discipline and corporate leadership to one of the world’s leading cybersecurity companies.

With Tanium serving major U.S. banks, all U.S. military branches, government agencies, retailers and more, Streetman emphasized the company’s mission of delivering “the power of certainty” to organizations navigating an increasingly volatile cyber landscape. After all, when a major bank, or a military branch or a school experiences a cyber attack from a bad actor, it can throw the organization into a tailspin.

Related: How Military Service Taught the CEO of Arc’teryx to Lead with Precision and Passion

A lot of Streetman’s leadership philosophies came from his military experience, particularly his training in high-pressure situations. He drew parallels between military operations and business challenges, emphasizing that great leaders must balance confidence with humility.

Tanium has sophisticated technology, but so do the people implementing cyber attacks. One major concern Dan raised is the growing role of AI in cyber attacks. We all hear about the great aspects of AI. I, myself, use it every day. Businesses are implementing AI into everything they do. AI has revolutionized the business world, and hopefully it will improve our overall society as a whole, but it has also empowered bad actors to launch more sophisticated attacks at an unprecedented pace.

He warns that adversaries, free from ethical constraints, often weaponize AI to outmaneuver traditional security measures. Tanium is responding in kind, leveraging AI to enhance autonomous endpoint management, allowing organizations to detect and neutralize threats faster than ever before.

Beyond his CEO role at Tanium, Streetman displayed his passion for mentorship, particularly in helping veterans transition from the military to technology careers. Through initiatives like VetForce and VetsinTech, he actively supports former service members by equipping them with the skills needed for the digital economy. After talking with Dan for a few hours, it made sense. And I mean that in a great way. On top of that, Dan has competed in 13 ironmans! 13. He’s also run a few marathons guiding blind runners. I gotta be honest, I was a little weary of the CEO who runs Ironmans, works at a cybersecurity company in the Bay Area and was a U.S. Army Ranger. That’s intense! But the end of it all, I thought he seemed like a great leader, engaged, and he was passionate about security.

Related: 5 Founder-CEOs Come Together to Discuss the Realities of Leadership, Entrepreneurship and What It Takes to Succeed



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Cut Software Costs Without Losing Essential Tools: MS Office Is on Sale for Life

Cut Software Costs Without Losing Essential Tools: MS Office Is on Sale for Life


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

As small- and mid-size businesses (SMBs) continue to face economic challenges, reducing software costs has become a significant focus for entrepreneurs and small-business owners. Approximately 60% of SMBs actively price shop for technology and software and are looking for cost-effective solutions without compromising on quality, according to data from strategy and management consulting firm McKinsey.

Going back to the software basics could be one way to cut costs. Through February 23, you can choose from Microsoft Office 2019 for Mac for $39.99 or Microsoft Office 2019 for Windows for just $34.97.

This lifetime license gives business professionals the essential tools they need, from Word to Excel, PowerPoint, and more, without ongoing subscriptions or unexpected renewal fees. For those not ready to upgrade their operating systems or who prefer predictable, one-time costs, this offer is a game changer.

While it’s not the latest version, Office 2019 is still packed with value and perfect for those who don’t need all the cloud-based features of Office 365. Whether you’re a small business owner, freelancer, or IT professional, this deal provides a robust suite of tools to boost productivity, security, and flexibility — all while staying offline and keeping your data on your terms.

For professionals on a budget, Office 2019 offers a lifetime license — pay once, use forever. Unlike Office 365’s subscription model, there’s no need to worry about ongoing monthly fees or surprise price hikes. For entrepreneurs looking to manage costs, this ensures you know exactly what you’re paying and when, with no hidden fees down the line.

For Mac users, Office 2019 is compatible with macOS 13 or newer—so you don’t have to upgrade to the latest operating system like Monterey or Ventura. On Windows, Office Professional 2019 works with Windows 10 or 11.

Hurry and pick up one of these lifetime licenses for a discount until February 23 at 11:59 p.m. Pacific:

Microsoft Office Professional Plus 2019 for Windows – $34.97

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Are You Investing Like a Gambler?

Are You Investing Like a Gambler?


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Recent reports from the specialists at North One indicate that 66.3% of entrepreneurs use their personal funds to start their companies. Your business is your life, and you put everything you can into it, but it might be less stressful if you have a healthy investment account to rely on.

If you’ve ever thought about trying day trading, you may want to improve your chances of success on the stock market with the Ultimate Candlestick Trading and Analysis Master Class Bundle. It’s available for just $24.97 until 11:59 p.m. PT on March 30.

Investing doesn’t have to feel like gambling

The bundle has eight modules showing you the ropes of informed investing strategies. Novices will want to start with Day Trading for Dummies, a step-by-step guide to everything you need to know to start day trading. It covers chart indicators and technical analysis to trading psychology and fundamental analysis, plus everything in between.

Then you can move on to the Day Trading Secrets. The bundle includes four more modules showing you how to manage volume analysis, swing trades, and earn serious profits in the stock market.

The Ultimate Candlestick Trading & Analysis Masterclass is a crowd favorite, with former students rating it 4.8 out of 5 stars. That’s where you’ll really get into the secrets that can guide your investment strategy.

No class can guarantee every investment is going to hit big, but studying can help show you how to invest like a pro.

One of the best features of this bundle is the Market Master Trading Group, where beginners and more seasoned traders can go for support and guidance from a community of experienced individuals. It provides a safe, supportive space for members to connect and share their strategies, experiences and insights. These courses are presented by Travis Rose, a full-time investor and day trader in the U.S. stock market who has been trading full-time for more than five years.

Get The Ultimate Candlestick Trading & Analysis Master Class Bundle while the price has dropped to just $24.97 (Reg. $29.99) until 11:59 p.m. PT on March 30.

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Don’t Let These 8 Common Business Expenses Drain Your Profits

Don’t Let These 8 Common Business Expenses Drain Your Profits


Opinions expressed by Entrepreneur contributors are their own.

Whether you just launched your company or have been running it for years, making money last is always a challenge. There are so many tempting things that seem like they could help promote your brand or take your business to the next level. But the truth is, not every expense actually brings a return on the investment.

I have seen a lot of businesses accidentally waste funds on ideas that look good on the surface but don’t really do much for profits or growth. Then down the road, they wish they had that money back for when it was really needed. That’s why I wanted to share my thoughts on some common business expenses that you may want to reconsider or tweak before you add them to your budget.

Related: 10 Essential Startup Expenses, and 10 You Should Avoid

1. Expensive office decor and furniture

When first setting up a new office, it can be tempting to go all out and buy expensive furniture and decorations to make the office look great. While having a nice workspace is important, spending a ton of money on decor when you’re first starting out probably isn’t a good idea. Funky rugs, expensive art on the walls and super comfy lounge chairs in the break room sound nice, but they won’t directly help your business make money. It’s usually better to get basic, affordable furniture and spend money on things that will attract customers or clients instead. You can always upgrade the office look later when you have more money coming in.

2. Lavish company parties

Throwing big, fancy company parties can be a fun way to boost morale, but they can also be a major business expense if not done carefully. Before planning a blowout holiday bash or summer cookout, think about whether the cost is really worth it versus other ways you could spend the money. Consider hosting lower-key, affordable events instead of going all out at expensive venues and catering top-shelf food and drinks. Employee appreciation is great, but focus on building the business first before splurging too much on parties.

3. Unnecessary office space

Renting more office space than your business truly needs is wasting money that could be better spent elsewhere. If your company is still small with just a few employees working remotely most of the time or in a shared co-working space, you may not need a huge private office yet. Only expand your physical workspace as your employee count and on-site needs grow. Consider if a smaller, less expensive space could still meet your short-term needs to avoid overpaying for space sitting empty much of the time. Location can also affect rent prices, so evaluate if an equally good but less pricey area could work for you as well.

4. Overpaying for services

When first starting out, it’s easy to overpay for services since you likely have little negotiating experience yet. Make sure to get multiple quotes for services like website development, graphic design, legal help and more so you don’t get charged way more than necessary. Ask other local business owners for recommendations of reasonably priced service providers too. Additionally, confirm that your service providers will clearly outline the costs upfront so you aren’t shocked by unexpected extra fees later on.

Related: 8 Unconventional Ways to Cut Costs in Your Business

5. Unnecessary business insurance coverage

While proper insurance is important, not all types of policies are absolutely necessary for every business. Evaluate your specific risks and needs before just signing up for every coverage type an agent suggests. For example, you may not require international business travel insurance if you have no overseas plans yet. Confirm you only insure assets you truly own — like not paying to cover leased equipment you will return. Always shop around quotes too to avoid overpaying due to lack of knowledge. Note that understanding your insurance basics will help avoid wasting funds on unnecessary policies.

6. Expensive conferences

The chance to network sounds exciting, but understand that industry events require plane tickets, hotels, food expenses and time away from running the core business. Ensure any conference truly aligns with specific goals like making three deals or more. If your attendance won’t directly lead to quantifiable results, the major investment may not be worth it starting out. Consider cheaper local meetups first.

7. Business gifts and swag

Customized mugs, pens, luggage tags and other branded swag sure can look nice, but they may not directly improve your sales or service enough to justify the often hefty upfront costs. Consider lower-cost or digital-only alternatives like email signatures and social graphics when possible. You can, either way, spend your gift and swag money on proven marketing tactics or employee bonuses instead if your goal is pure business growth versus brand exposure. Quality clients will care more about your work than free tchotchkes.

Related: The 8 Most Common Areas of Overspending in Business

8. Wasteful office supplies

It’s easy to over-order basic office supplies in a quest for organizational perfection, especially at the start. But supplies have storage and expiration costs, so only buy what you will reasonably use within about six months to avoid waste. This goes for snacks and beverages, too. Also, take inventory before repurchasing to avoid duplicates sitting around unused. Remember you can always do smaller, more frequent supply orders as needed to cut back on excess. And don’t forget to look for lower-priced bulk or wholesale suppliers, which is better than always relying on major brands.

Hope this gives you all something to think about next time an inviting expense comes your way. Entrepreneurship is all about being scrappy — so get creative allocating funds strategically to where they’ll have the highest ROI for your unique goals first.



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Costco Shoppers Love Deals on Luxury Items: Gold Bars, Dom P

Costco Shoppers Love Deals on Luxury Items: Gold Bars, Dom P


In a feature published Thursday, Costco Chairman Hamilton “Tony” James told Chief Executive Magazine that even though he’s been on Costco’s board for 36 years, he still loves attending the meetings.

“I find it fascinating,” James said in the Q&A. “The company is a great window on what’s going in the world of consumers, what they’re buying or not buying.”

And what they’re buying, in addition to the beloved $1.50 hot dog combo, are 10-carat diamonds and gold bars. (Wells Fargo analysts found in September that the company sells up to $200 million worth of gold bars monthly.)

Related: Would You Live Above a Costco? Thrive Living Is Building an Apartment Complex on Top of the Warehouse Chain

“A Porsche dealer in Seattle put their cars on the floor of a Costco, and they sold out in a week,” James said.

Costco had about 137 million paying members in 2024, and most, James said, are “average-income earners nationally” but the warehouse chain also has “affluent members with two times the average income.”

Those members allow the company to do “remarkable things” like selling more high-priced Dom Perignon Champagne than “anyone else” — and for decades. In 2001, for example, the then-director of wine at Costco told the Los Angeles Times that the warehouse chain was the “nation’s biggest retailer of Dom Perignon.”

Business Insider reports that, according to data from analytics firm Numerator, millennial and Gen X households with higher income preferred shopping at Costco over the competition.

Related: Costco Bulks Up Most Store Workers’ Paychecks to More Than $30 an Hour.

“We’ve always known we could move anything in volume if the quality was good and the price was great — Rolex watches, Dom Perignon, 10-carat diamonds,” James said.

“Affluent people love a good deal,” he added, though they aren’t only buying luxury items.

The company’s Kirkland brand is “the second-largest brand anywhere,” James notes.

Costco reported net sales of $19.51 billion for January 2025, an increase of 9.2 percent from the same period last year.



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