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☆ Boomers Are Selling Their Small Businesses; Millennials Are Buying
▼ + stars: | 2024-10-01 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +12 min

Sure, many small businesses aren't glamorous — think dental practices or accounting firms — and they involve long hours and unpredictable market forces. The US Small Business Administration said in July that there were nearly 35 million small businesses in the US. Fewer than two-thirds of small businesses in the US in 2022 were profitable, and over a million businesses of all sizes close each year. Traditionally, small businesses were family businesses, and the eldest male child was expected to take it over when the patriarch was ready to step down. Buying up small businesses allows people without wealthy boomer parents to cash in on the trillions of dollars of wealth the generation is sitting on.

Persons: George Coulam, Coulam, Forrester, Nancy Forster, Holt, Ernst & Young, Steve Holt, Shaw, Tenney, Paul, Helen Reagan, Forster, who's, Jennifer, Neil Gutekunst, Edie Ellis, Ellis, BizBuySell, you've, Dave Specht, Specht, they've, " Forster, She's, PwC, Norm Dinkel, Brian Brogan, — he's, hasn't, it's, Jennifer Gutekunst, boomer Organizations: Texas Renaissance, NewEdge Wealth, Ernst &, Shaw, University of Rhode, US Small Business Administration, Small Business Administration, Drucker School, Family Business, Claremont Graduate University, Wall, American Investment Council, Saint Joseph's University Locations: Texas, America, Sacramento , California, Maine, Orono, Chicago, Washington, Pennsylvania

☆ Microsoft Tops the List of Best-Managed Companies of 2023
▼ + stars: | 2024-01-17 | by ( Tom Corrigan | ) www.wsj.com time to read: 1 min

Technology giants strengthened their grip on the top of the annual Management Top 250 ranking of America’s best-run companies. For the fourth year running, Microsoft finished in first place. Apple placed second, and Nvidia ranks third. Google parent Alphabet jumped 20 places to finish at No. 4, and International Business Machines rounds out the top five companies in the ranking compiled by researchers at the Drucker Institute, part of Claremont Graduate University.

Persons: America’s, Apple Organizations: Microsoft, Nvidia, Google, Business Machines, Drucker Institute, Claremont Graduate University

☆ A 36-year-old mom who left her day job made over $77,000 in 2023 selling digital printables on Etsy. She shares her top 5 tips for getting started without spending any money.
▼ + stars: | 2024-01-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

In the summer of 2019, she was listening to a podcast that mentioned side hustles that included selling on Etsy and blogging. The podcast advertised a course from Gold City Ventures that taught people how to create and sell digital printables on Etsy. Jimenez decided she wanted to give it a try and signed up for the course while simultaneously creating her Etsy store. AdvertisementHer Etsy sales began to pick up. "So maybe there's 10,000 people searching for that every month, but there's 100,000 people that have made those cards.

Persons: Rachel Jimenez, didn't, Jimenez, hadn't, I, there's, Etsy, they're Organizations: Service, Claremont Graduate University, Gold City Ventures, Facebook Locations: Etsy

☆ This 35-year-old mom brought in more than $110,00 in passive income from Etsy in 2022—now she’s teaching others
▼ + stars: | 2023-07-20 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

In 2022, the store brought in more than $110,000 in passive income, the second year it brought in six-figures. Jiminez has a masters in positive organizational psychology from Claremont Graduate University, the study of positive experiences in the workplace and their effects on the quality of work life. Her course, "Optimize Your Life Academy," draws on her knowledge of positive psychology and its ability to bring about personal success. Since launching "Optimize Your Life Academy" in January 2023, it's brought in just over $10,000. Here's how Jimenez has built her new venture and what she plans to do with it going forward.

Persons: Rachel Jimenez, I've, Jimenez, Jiminez, it's Organizations: Claremont Graduate University, Academy

CHICAGO, May 17 (Reuters) - The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, but more than three years later, material shortages and hiring woes linger. Speakers from Walmart (WMT.N), Colgate-Palmolive (CL.N), Toyota (7203.T) and other companies will discuss their supply-chain strategies at the Reuters Events supply chain conference in Chicago on Wednesday and Thursday, as inflation and interest rate hikes threaten to tip the economy into recession. "Freight costs, logistics, have gone down significantly," said Mario Guerendo, who oversees global supply chain for vehicle engine maker Cummins Inc (CMI.N). After spending whatever it took to keep store shelves stocked during the early days of the pandemic, supply chain executives now are wringing out costs to shelter profits from eroding demand, said Alan Amling, distinguished fellow at the University of Tennessee's Global Supply Chain Institute. "That's a really good thing for the supply chain."

Speakers from Walmart (WMT.N), Colgate-Palmolive (CL.N), Toyota (7203.T) and other companies will discuss their supply-chain strategies at the Reuters Events supply chain conference in Chicago on Wednesday and Thursday, as inflation and interest rate hikes threaten to tip the economy into recession. "We've still got certain sectors that are up and some that are down, which was a feature of the pandemic," Croke said. That's even true within sectors, Croke added, pointing to recent manufacturing data, which remained depressed even as segments like motor vehicles reported gains. After spending whatever it took to keep store shelves stocked during the early days of the pandemic, supply chain executives now are wringing out costs to shelter profits from eroding demand, said Alan Amling, distinguished fellow at the University of Tennessee's Global Supply Chain Institute. "That's a really good thing for the supply chain."

☆ Inside the 5-hour psychological interview that can make or break your career at Citadel, Blackstone, and other finance titans
▼ + stars: | 2023-04-10 | by ( Emmalyse Brownstein | Alex Morrell | ) www.businessinsider.com time to read: +16 min

ghSmartThe company's unusual but rigorous approach to screening job candidates has won it the trust of some of the finance industry's most competitive and coveted workplaces, as well as other blue-chip corporations. "That became the kernel for ghSmart," Smart recounted in a podcast interview. That means the ghSmart interview isn't something you can necessarily prepare for in the same way you might, for example, read up on certain stocks or industry trends. The company's team of psychologists spends hours drilling into each candidate's job and life experiences. Unlike some executive-search firms, ghSmart disconnects its fee from whether it fills the role.

☆ How the Management Top 250 Rankings Are Picked
▼ + stars: | 2022-12-11 | by ( ) www.wsj.com time to read: +1 min

The Management Top 250 ranking is based on a holistic measure of corporate effectiveness that was developed by the Drucker Institute, a part of Claremont Graduate University in Claremont, Calif. The measure seeks to assess how well a company follows a core set of principles advanced by the late Peter Drucker , a professor, consultant, author and longtime Wall Street Journal columnist. These principles serve as touchstones for five dimensions of corporate performance: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. They are standardized so that the typical range is 0 to 100, the mean is 50 and the standard deviation is 10. If a company is one standard deviation below the mean (with a score of 40), its results fall in the bottom 15% to 20% of that larger universe.

Search resuls for: "Claremont Graduate University"

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