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Jon Neeter, a small business owner since 2010, has seen the highs and lows of entrepreneurship. This article is part of "Unlocking Small Business Success," a series providing micro businesses with a road map to growth. They leased the real estate — a single tennis court with an attached 330-square-foot pro shop — and bought the business. The second half of 2019 was a particularly challenging time for the small business owner. His goal was to "build the best pickleball shop in the country," he said.
Persons: Jon Neeter, It's, , Neeter, pickleball, I'd, everybody's, Pickleball, Jon Neeter Rather, You'll Organizations: Service, BI, Santa Monica Pickleball Center, Santa Monica Tennis Center, Santa Locations: Santa Monica , California, California, America, Southern California, Los Angeles
Black women make up less than 10% of the U.S. population, but they've emerged as the fastest-growing group of entrepreneurs, new research from GoDaddy has found. The number of Black women-owned businesses in the U.S. was trending upward even before the Covid-19 pandemic, which accelerated entrepreneurship overall. Between 2017 and 2020, the number of Black women-owned businesses increased by nearly 20%, far exceeding the growth of women-owned businesses and Black-owned businesses overall, the Brookings Institution reports. Ofodu's decision to leave Instagram reflects a larger trend of Black women ditching corporate jobs and flocking to entrepreneurship for more freedom, fulfillment and flexibility in their careers. "When I go to industry events, I'm still one of the few Black people or women in the room," says Frelow, 53.
Persons: they've, we're, Joy Ofodu, Instagram, Brianna Doe, Doe, Jessica Juniper, Alexis Rivera Scott, Rivera Scott, Leslie Frelow, Frelow, hasn't, I'm Organizations: Brookings Institution, Universal Service Administrative Company, Federal Communications Commission, Association of African Locations: U.S, Instagram, Phoenix, Boise, Washington ,, Maryland
Overlaid on that picture is the company name, Grier Shoe Shop, and its address — which is part of an area known as Black Wall Street. With these ventures, she's part of a growing class of Black entrepreneurs tapping into Tulsa's history for inspiration and resources for support. He also won a grant from a Black Wall Street organization. The Black Wall Street Mural in the Greenwood district of Tulsa, Oklahoma, on Friday, June 19, 2020. Greenwood, known as Black Wall Street, was one of the most prosperous African-American enclaves in the U.S. before it was burned down by a white mob in 1921.
Persons: Venita Cooper, Parnia Mazhar, Grier, Silhouette, They've, Cooper, Dominick Ard'is, George Floyd, Ashli Sims, she's, Sims, North Martin Luther King, Edna Martinson, It's, Martinson, LaTanya White, he's, Adesanya, Grant Warner, James Lowry, Lowry, who's, Greenwood, Christopher Creese Organizations: Silhouette, NBC News, Tulsa, Build, Art, NBC, North Martin Luther King Jr, Ku Klux, House, Art Basel, Southwest, Black, Stanford, National Bureau of Economic Research, Creative, CNBC, Harvard Business School, Center for Black Entrepreneurship, Black Economic Alliance Foundation, Boston Consulting, Bloomberg, Getty Locations: Greenwood, Tulsa , Oklahoma, TULSA, Tulsa, North, Miami, South, Austin, U.S, PalmPlug, Seattle, America
Just days after delivering a stellar quarter, Microsoft CEO Satya Nadella was on a whirlwind speaking tour throughout India. The Indian market also represents a largely untapped market that will diversify revenue streams. Over the summer, India became Amazon's first market in Asia to launch its dedicated virtual cargo airline , dubbed Amazon Air. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Satya Nadella, Morgan Stanley, Chetan Ahya, Ahya, Bernstein, Nadella, Zev Fima, Fima, Tim Cook, Amazon, Sundar Pichai, Jim Cramer's, Jim Cramer, Jim Organizations: Microsoft, Apple, country's Ministry, Skill Development, Entrepreneurship, Club, Foxconn Technology, Media, Amazon, Walmart, Web Services, Google, CNBC Locations: India, Mumbai, Bengaluru, New Delhi, China, Asia, United States, Chennai, Puna, Hyderabad, Tamil Nadu, India's, Gujarat
I worked at Foursquare and Google, and in 2014, I started my business, Tech Ladies. I was proud of the mission, but I never exercised or took a vacation, and I rarely saw friends. From retired to unretiredWhen I retired, we moved from New York City to New Jersey for my husband's job. I started weightlifting and took long walks with new friends. The truth is, I never had balance in my worklife before, but I owed it to myself now to try.
Persons: Addie, couldn't, Gen Z, I'd Organizations: Google, Tech Locations: York's, New York City, New Jersey
Read previewThis is an as-told-to story with Rebecca Morassutti, a virtual assistant. I wanted to work remotely and have flexible hours, so I started thinking about starting an online business. I turned up my nose at virtual assisting at firstGoogling online businesses for digital nomads led me to virtual assistant, or VA, work. The moment I got back to my desk, I started looking for any virtual assistant work I could do. Getting paid to learn is my favorite part of being a virtual assistant.
Persons: , Rebecca Morassutti, wasn’t, I'd, I've, , I’ve Organizations: Service, Business
Some people swear a productive day starts at 4 a.m. Others sleep on factory floors to ensure work gets done. The early-morning organization helps keep him productive throughout each day, he said. It's partially a privilege, Cuban admitted: He was initially attracted to entrepreneurship so he could control his own schedule. "The whole value of being in this position is just being able to control your time," Cuban, 65, said. But for Cuban, his schedule and communications are streamlined through his inbox, which helps him prepare for the day and cut down on unnecessary calls and emails, he said.
Persons: Mark Cuban, Trevor Noah, It's, Cuban, Nicola Hughes Organizations: CNBC, Cuban
Devon McConville is a former day trader who owns First Place Coffee, a Phoenix-based coffee truck. Now, McConville runs a beloved fixture of the Phoenix drink scene: First Place Coffee, a coffee vendor on wheels. First Place Coffee serves specialty coffee and espresso drinks from a 1970 Chevy P10 truck that regulars know as "Matilda." "I really had this vision to really create a community around a mobile coffee business," McConville said. "It seems really small, to own and operate a mobile coffee business, but I think it really has a large effect that radiates out from it," McConville said.
Persons: Devon McConville, McConville, , Matilda, Alexandra Cocca McConville, Terrence Murtagh, Murtagh, Elizabeth Chung, Chung, Instagram, Bella Sayegh, Austin Hogland, they've, Kaytee Hogland, We're, she's Organizations: Service, Coffee, BI Locations: Devon, Phoenix, Austin
South Carolina’s primary will be the first opportunity Black voters have to voice their support – or displeasure – with Biden since that election. In 2020, Biden won 61% of the Black vote, which made up 56% of the Democratic primary electorate, according to CNN exit polling. Vice President Kamala Harris also spoke at a get out the vote event at South Carolina State University in Orangeburg Friday, the last day of early voting. “South Carolina, you are the first primary in the nation, and President Biden and I are counting on you,” Harris said. “And for me personally, and our team here, we don’t live in that space of being passive.”Mimi Striplin, founder of The Tiny Tassel in Charleston, South Carolina, speaks with CNN's Eva McKend.
Persons: Mimi Striplin, Striplin, she’s, Joe Biden, , ” Striplin, Biden, Striplin –, , Harris, , Antjuan Seawright, Jim Clyburn, Donald Trump, Trump, Clyburn, Kamala Harris, ” Harris, Jaime Harrison, – Biden, Hillary Clinton, Barack Obama –, ” Harrison, Kent Nishimura, Dean Phillips, Marianne Williamson, what’s, Juanita Hamilton, Hamilton, he’d, “ I’m, Auntie Juanita, , George McCray, Eutawville, he’s, didn’t, Obama, ” McCray, That’s, Gabriel Fant, Fant, Valerie Wilson, hasn’t, she’d, CNN's Eva McKend, Ebony Davis Organizations: Charleston CNN, CNN, White House, Biden, Democratic, GOP, Black, Democrats, Democratic National Committee, New, South Carolina State University, , South Carolina Democrats, New Hampshire voters, American, South Carolina State Fairgrounds, Minnesota Rep, Hilton, Charleston, Economic Policy Institute, Bureau of Labor Statistics Locations: Charleston, American, South Carolina, Iowa, New Hampshire, Columbia, Israel, Gaza, Orangeburg, “ South Carolina, Spain, Walterboro, Black, Hartsville, Columbia , South Carolina, AFP, Summerville, Charleston , South Carolina
CNN —At next year’s World Expo, a grand carnival showcasing different nations’ achievements, the US is planning something unusually quiet. Courtesy Trahan ArchitectsWorld Expos, or World’s Fairs as some are known, have celebrated some of the major inventions of their time, including stereoscopic photography, vulcanized rubber, the zipper, the internal combustion engine and IMAX. Courtesy Trahan ArchitectsTrahan’s design features an elongated outdoor space sandwiched between two triangular buildings. Courtesy Trahan ArchitectsBut as well as representing American interests overseas, the pavilion design also draws on the nature, culture and history of the Expo’s host country. Expo 2025, which marks the second time Osaka has hosted the event, is expected to welcome almost 30 million visitors.
Persons: , Trey Trahan, Thomas Edison, Nikola Tesla, George Westinghouse, Rahm Emanuel, Biden, Donald Trump, Trahan, “ wabi Organizations: CNN, Fairs, Trahan Architects, Architects World Expos, Chicago World’s, Expos, US State Department, ES Global, Imagination, Trahan Locations: Osaka, Japan, Tokyo, Chicago, Seattle, Philadelphia, Paris, , Los Angeles, New York, New Orleans, United States
'Look for the really ugly houses'Especially if you're investing out-of-state or in an unfamiliar area, "your biggest asset is other agents," said Casey. "You have to go to the block or know someone who knows the market really well." But that's not necessarily what you're looking for as an investor. "When you're looking for an investment property, you're looking for something really under market that you can renovate." Ask, 'Would this work for a tenant in the market you're investing in?'"
Persons: Nyasia Casey, I've, Casey, Baltimore Casey, David Shvartsman, she's, wouldn't, fourplexes, She's, I'm Organizations: Business, Amazon FBA, Yorker, Baltimore, Agents, YouTube Locations: New York City, Baltimore , Maryland, Cleveland, Philadelphia, Baltimore, NYC, New York, Albany, Bronx
The new CNN Original Series “The Many Lives of Martha Stewart” premieres Sunday, January 28 at 9pm ET/PT. CNN —It’s rare to meet someone who’s totally indifferent to Martha Stewart. For women who remember the “Martha Stewart Living” media empire at the zenith of its influence — the 1990s — she can inspire a feeling of inadequacy. American media mogul and businesswoman Martha Stewart stands in a kitchen in August 1976. Snoop Dogg and Martha Stewart at a private table in the kitchen of Nice Guy in West Hollywood, Calif., Oct. 25, 2016.
Persons: Sarah Archer, , Martha Stewart ”, who’s, Martha Stewart, Sarah Archer Sarah Archer, she’s, Justin Bieber, Snoop Dogg, Martha, Martha I, steely perfectionism, homekeeping, Julia Child, doughty, “ Martha Stewart, Jadeite, Marc Morrone, Susan Wood, , Anna Wintour, Nice Guy, Kendrick Brinson, Dobbs, they’ve Organizations: New York Times, Vox, Washington Post, Culture, CNN, Comedy Central, Sports Illustrated, Reading, Vogue Locations: Philadelphia , PA, Japan, Las Vegas, Turkey, Nice, West Hollywood, Calif, America, California
Facebook fired Kagan in 2006 after he leaked company information to the press at Coachella. "I didn't work too hard at Intel and I didn't spend a lot of money," Kagan says. Following his firing from Facebook, Kagan ran conferences for aspiring entrepreneurs (a hustle he had started while at Intel), taught English in South Korea and picked up consulting work for Silicon Valley tech firms. In addition to working on AppSumo, Kagan manages rental properties and creates content for his YouTube and social media channels. In addition to his AppSumo business and his book, Kagan operates a YouTube channel and manages five rental properties.
Persons: Noah Kagan, Kagan, Bill Gates, Kagan's, Facebook, Camila Ortega, He'd, Maria, didn't, hadn't, AppSumo, They'll, We've, everyone's, we've, Kagan didn't, wasn't, Rolexes, , he's Organizations: CNBC, Microsoft, Facebook, University of California, Intel, Mint, Apple, PC, PayPal, Rolex, Entertainment, Insurance, Spotify, YouTube, AppSumo, Mazda Locations: Silicon Valley, Redmond , Washington, Barcelona, Austin , Texas, Berkeley, Israel, South Korea, Philippines, Argentina, Austin, Pakistan, AppSumo
Jack Ma Doubles Down on Alibaba
  + stars: | 2024-01-23 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +6 min
(Both men already hold sizable amounts of Alibaba stock.) Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent. The stock purchases will probably bring attention back to Ma, a former English teacher who helped start Alibaba as an e-commerce platform. Ma, who hasn’t held a management role at Alibaba or Ant in years but remains a lifetime partner in the Alibaba Partnership, now largely focuses on Bill Gates-style philanthropy. And she’s expected to take swipes at Trump’s economic record as president.
Persons: Tsai, Ma, Alibaba, Ant, hasn’t, Bill Gates, Nikki Haley, Donald Trump, Eric Rosengren, Robert Kaplan, Kaplan, Rosengren, Archer, Daniels, Vikram Luthar, Scott Stuber, Spike Lee, Martin Scorsese, Jane Campion, Stuber, Ted Sarandos, Netflix’s, Bela Bajaria, Biden’s, Janet Yellen, Lael Brainard, they’re, Biden, ” Ray Fair Organizations: Pool Management, Alibaba, Brooklyn Nets, New York Liberty, Nets, Boston Fed, Dallas Fed, Republican, Biden, Yale, Times Locations: U.S, Hong Kong, China, Ma, Beijing, , Paris, New Hampshire, Dixville
Working in the tech industry as a data analyst, Ruan purchased a £450,000 apartment in London. AdvertisementThis as-told-to essay is based on a transcribed conversation with Ben Ruan, a data analyst living in London. Job-hopping meant I could put a house deposit down by 26Ben Ruan's living room in his central London apartment Ben RuanWhenever I work at a company, I ask myself: Am I learning? AdvertisementThe kitchen in Ruan's London apartment. AdvertisementWhile I'm not rich yet, I believe I'll be where I want to be in five years.
Persons: Ben Ruan, Ruan, , Ben Ruan's, I'm, Banks, Ben Ruan I, Spencer, Ben Ruan I'm, homeownership, I've, HENRY Organizations: Service, Business, Coventry University, Big Tech, JD, Mercedes, Benz, Asda, Aldi, Waitrose Locations: London, Snapchat, Wavemaker, Central London, Ruan's London
A pop-up showcasing Saudi Arabia's Neom development features among the most prominent on the Davos promenade in 2024. But Saudi Arabia is keen to capture some of the limelight, and talent, from its neighbor on the Arabian Peninsula — an ambition laid bare on the Davos Promenade this year. "He's driving entrepreneurship, he's diversifying the economy ... And there are a lot of people that are really interested in working in Saudi Arabia," said Bremmer. "In the Emirates and in Saudi Arabia, you have millions of people that need upskilling, particularly Saudi Arabia which has a much larger population," Hidary said. Hidary, who was recently in Saudi Arabia, says that the UAE and Saudi Arabia are looking at countries like Singapore and Israel that have supported start-ups and are driven by technology.
Persons: Mohammed al, Jadaan, Prince Mohammed bin Salman's, Ian Bremmer, he's, Bremmer, Jamal Khashoggi, King Abdullah, KAUST, Harri Jarvelainen, Vera Futorjanski, Futorjanski, Israel Jack Hidary, Hidary, — CNBC's Karen Gilchrist Organizations: Saudi, CNBC, United Arab, prince's, , Economic, Al, U.S, Eurasia Group, MBS, World Bank, Research Technology Centers, King, King Abdullah University of Science, Technology, UCLA, Riyadh's, Center, AI Research, AI, Artificial Intelligence Authority, Veritas Ventures, Emirates Locations: Davos, CNBC DAVOS, Switzerland, United Arab Emirates, Saudi Arabia, Neom, Saudi, Riyadh, China, Istanbul, UAE, Singapore, Israel, Emirates
Ultimately, that attribute led the 44-year-old to a career she never imagined: a real-estate agent and investor. Until she started her first job as a paralegal at one of the biggest law firms in New York City, that is. Becoming a real-estate agent satisfied both of those criteria. Casey started bringing in $2,350 a month, which the government covered for her tenant. "To get $1,100 right now in gross cash flow on your first deal in a low market is really, really good, especially in Baltimore where the average is $300."
Persons: Nyasia Casey, Casey, Casey didn't, I've, that's, doesn't, Casey Casey, Charles Blair, she'd, Blair, it's, It's Organizations: Business, SUNY Albany, Amazon FBA, YouTube, Housing Authority Locations: New York City, Florida, New York, Baltimore, Maryland's, Baltimore City
Rony Sebok got a job at Apple straight out of Harvard in 1983 working on the Mac team. She worked with a small team of software engineers under the direction of Steve Jobs. Interviewing for the Mac team didn't follow the traditional approachAt the time, this was a top-secret project. Steve Jobs once came into my cubicle and asked, "Don't you own a pair of blue jeans?" AdvertisementMacintosh software team photographed in January 1984 for a Rolling Stone article.
Persons: Rony Sebok, Steve Jobs, Sebok, Jobs, , Steve, I'd, Bill Gates, alums, Lisa teams, Windham, Steve didn't, Susan Kerr, John Sculley, Lisa, OpenAI Organizations: Apple, Harvard, Mac, Service, Macintosh, Computer Science, Microsoft, IBM, BMW, Windham Hill, Polaroid, Mercury, Getty, HP, Havard Business School, Google Locations: East Coast, West, Cupertino, Hawaii, Apple
Here's Patel's 7-page media kit:Page one of Shagun Patel's media kit. Page four of Shagun Patel's media kit. Page five of Shagun Patel's media kit. Page six of Shagun Patel's media kit. Page seven of Shagun Patel's media kit.
Persons: videographer, Sukhjot Singh, Singh, Patel, they've, She's, He'd, she'll, She'll, Shagun Patel, shagunpatel.business@gmail.com, TikTok, Here's, shotbusiness@gmail.com Organizations: York, Business, Nike, YouTube, Meta, Patel, Creative, Kia Motors, NYFW Locations: Asian, Instagram, Singh, Hawaii, Morocco, Paris
Billionaires minted through inheritance outpaced self-made billionaires last year for the first time in a decade. Related storiesIn recent years, rates of economic opportunity have begun to fall again. Rates of economic opportunity have declined steadily since 1940, Opportunity Insights data shows. He says that's why there are fewer self-made billionaires today than there were in the past. "I think there's much work to be done to try to restore rates of economic opportunity to those observed several decades ago," he said.
Persons: , Max Kunkel, Matthew Staiger, Staiger, Forbes, heiresses, Kunkel Organizations: Service, UBS, Harvard, Insights, Business, Economic
Bella Lin, 17, started a side hustle to give her guinea pigs more quality of life. In those days, Lin let her three guinea pigs roam her parents' grassy, fenced-in backyard just outside of San Francisco. She assumed the first, Snoopy, had escaped and she continued letting her guinea pigs outside — until her dad watched an eagle fly away with another, she recalls. But the glass was too expensive to ship, and her smaller guinea pigs' feet got stuck in the floor. Lin has owned guinea pigs for years, and has kept up to 10 at one time, she says.
Persons: Bella Lin, Lin, GuineaLoft's, , TLeggings, Bella Lin Lin, who'd, Lin's Organizations: CNBC, Khan Lab, Amazon Locations: San Francisco, , Mountain View , California, China, BizWorld
HR and recruitment teams are beginning to use AI tools in multiple stages of the hiring process. But beware: AI recruitment can still be riskyWhile AI technology is helping recruiters in many ways, there are some risks to consider and mitigate. In 2022, researchers at Cambridge University found that AI recruitment tools weren't capable of eradicating bias or boosting diversity during the hiring process. These problems often arise because of biased historical data used for training AI recruitment technologies, Maynard said. Jackson recommended that companies develop strict policies governing the use of AI hiring tools and provide their recruitment teams with bias training.
Persons: , Lindsey Zuloaga, HireVue, Pamela Maynard, Avanade, Maynard, Paolo Pescatore, Alexandra Levit, Levit, Roger Philby, she'd, it's, Annie Jackson, Cleo, Jackson, Parul Mishra, It's, Mishra Organizations: Service, Tech, Business, Chemistry Group, Sheffield Business School, Cambridge University, Amazon, Unilever, Microsoft, Companies, IBM
Nguyen, 29, is a celebrity nail artist and the owner of JennPaintt Nail Lounge in Los Angeles, where she offers a range of services, from manicures to eyelash extensions. Some of Nguyen's most famous clients include Paris Hilton and Hailey Bieber, but her salon is open to non-celebrities, too. She first moved to Los Angeles in 2019, seeking a respite from New York's harsh winters. At the time, Nguyen was a substitute teacher for a public school district and had planned to continue her teaching career in Los Angeles. "But I wasn't making enough money teaching," Nguyen recalls.
Persons: Jenny, Nguyen, Hailey Bieber, Jenny Nguyen, Andrew Evers Organizations: Paris Hilton, Apple, Converse, CNBC, New, Hofstra University Locations: Los Angeles, manicures, Chanel, New York, Los
In just a few hours, the nation of Israel went from business as usual to national emergency and national mourning. Throughout this ongoing crisis, the resilience of Israel's economy has once again taken center stage. This should be no surprise, as resilience has always been a key tenet of Israel's long-term success, military or otherwise. Most recently, the Covid-19 pandemic struck a terrible blow to Israel's economy in the second quarter of 2020, reducing GDP by roughly 30% annualized. The Tel Aviv Stock Exchange's flagship TA-125 Index dropped over 8% in that war's opening days, but took only 40 days to recover to pre-war levels.
Persons: Warren Buffett, Israel, Berkshire Hathaway, Buffett Organizations: Tel, Tel Aviv Stock Exchange's, TA Locations: Israel, Lebanon, Berkshire, Lebanese, Iscar, Tel Aviv
CNBC is now accepting nominations for the 2024 Disruptor 50 list — our annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges. A notable past Disruptor 50 company that made it to the public market this year, Instacart , has failed to maintain its IPO pricing. Business failures, too, have occurred for formerly high-flying, high-profile backed Disruptor 50 companies, including Convoy and WeWork. This is especially true of companies involved in the booming AI hype cycle sparked by 2023's top Disruptor 50 company, OpenAI, just over a year ago. 2024 honorees will be notified in April, and the list will be released in May across CNBC's TV and digital platforms.
Persons: Jan Organizations: CNBC, U.S, Convoy, CNBC's
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