A Century Old Concept In Lip Balm Finally Gets A Face Lift

It’s a wonderful thing to behold those who are brave enough to throw down the gauntlet and give it their all in the free market arena. The courage to embrace a new idea or dream and the tenacity to risk everything to see it succeed, even when up against what seem like the most impossible of odds.

Challenging the tried and true; the belief that the pinnacle of a product or service has already been reached, is a scary and daunting task indeed. But that is exactly what start-up entrepreneurs Sanjiv Mehra and Jonathan Teller did when they founded Evolution of Smooth (EOS), a new lip balm company that took on the market entrenched heavyweights that had dominated Target stores aisles for more than a century.

Market demand for more natural/organic products left enough of a void in lip balm products and Sanjiv and Jonathan saw their opportunity to capitalize. They wanted to create something new and exciting for a new generation that would not only be fun, pleasurable and stylish but would also go the distance in it’s concept.

Bravely using only their own capital and conducting extensive research and model testing, they came up with an entirely new concept to the traditional tube. They created an effective new tool in the form of a sphere that engaged the user on multiple levels and wouldn’t be seen as just another marketing gimmick to be discarded and disdained later.

They then wisely priced their new product to compete with other brands and set about Facebook and social media marketing their legacy to the public. Now, in less than ten short years, EOS lip balm is already one of the top selling products in the country.

Not too bad for a start-up brave enough to challenge such a traditional market.

Read the full article: https://www.fastcompany.com/3063333/startup-report/the-untold-story-of-how-lip-balm-upstart-eos-outdid-chapstick

 

Highland Capital Helps Others

Do you want to build wealth for the future? If so, Highland Capital is a great company to work with. They can develop an investing plan that makes sense with your needs. Over the years, this is a company that has proven to have the best interests of customers in mind in a variety of ways. Not only do they want to help with your investments, but they also want to help you figure out a way to save enough money to invest with. This is a huge change from where many companies concentrate on. Developing a life plan with Highland Capital has been really helpful for a lot of their customers. If you are ready to take your finances to the next level, this is the type of company that you should work with.

Highland Capital

When Highland Capital was started, few people ever dreamed that it would become what it is today. There are many people who are excited about all of the changes that are taking place in this area. If you want to invest for the future, Highland Capital is a great company to work with. Not only is it a company that truly cares about others, but it also wants to invest in a variety of areas. This is a company that has invested both time and money into the Dallas community. Over time, you can see the positive impact that the company has made on others in the area.

Future Plans

With all of the demand for its services, Highland Capital is ready to start looking to the future for growth. A lot of people today are excited about what this company can do for others. Not only that, but Highland Capital is working on investing in technology to make the experience of the customer better for everyone. A lot of people today are ready for all of the changes that are going to be coming in the future. This is a company that wants to impact the world in a positive way, and under the lead of James Dondero they will be able to do that.

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Entrepreneur- Chris Burch

One thing that is similar with both the fashion and the technology sector is that both industries expand together. The technology and the fashion industries have been experiencing expansion over the years with technology becoming g fashionable and the trend becoming technologically fashionable. Both sectors have a history of their growth as explained below.

The past and Present

In the late 70s, a boom box was designed which allowed the user to carry their favorite tunes as well as stations around with them. The boom box also had another advent age of one side could bring a cassette while the other end could record. As the years moved, the boom box advanced as it could now carry movie stories. Moving to the 90s, there was the introduction of a Walkman and the technology has developed with fashion to the use of iPods.

In the modern day, fashion designers use technology to create t heir designs and deliver the best to the world. The use of technology in their creation has enabled t6hem to bring out functionality and innovation in the fashion industry.

The Future

Fashion has also been advancing in a technological manner for the purpose of safety. Over the years it was fashionable to wear bike protection, but Anna Haupt and Theresa Alstin designed the airbag for cyclists to wear around the neck. Kevin Cannon and Ashwin Rajan, on the other hand, created gloves to be worn by firefighters. The cloves help the firefighters to communicate using gestures. The fashion designers have been recycling materials to their products. A good example of recycled products is jackets and t-shirts recycled from bicycle tubes designed by SegraSegra. Technology cannot work without fashion.

Christopher Burch is an entrepreneur who has a vast experience in both fashion and the technology industries. Chris the founder and the Chief Executive Officer of Burch Creative Capital, he has also invested in a broad range of businesses across the world. His company Burch Creation is based in New York City and deals with investments and the development of brand. Chris is also the co-founder of Tory Burch LLC.

C HRIS Burch loved being an entrepreneur since his early age. Together with his brother, he co-founded Eagle’s Eye Apparel. The com any was buying sweaters and selling them. Burch began selling the sweaters on campus, before expanding to retail shops. The firm developed, and he later sold it to Swire Group. In 2004 Burch assisted his wife to establish and run Tory Burch Fashion Label where he served as the co-chairman of the company. Chris is a go-getter who has also invested in the real estate industry.

Tidal Continues To Post Impressive Gains Under Desiree Perez

Tidal is no longer the underdog music streaming franchise it once used to be. Gone are the days when music streaming giants, led by Apple, used to shrug it off as just another non-entity. Today, thanks to the tireless efforts of creative minds like Desiree Perez, Tidal is headed for success. Desiree was brought on board the company by the owner of the company; the billionaire music guru, Jay-Z.

 

Jay Z’s Solo Efforts

 

Tidal was facing a steep challenge with top executives quitting right, left, and center. One of the first agendas on the to-do list of Desiree Perez was creating a hype and a buzz around the relatively new concept of streaming music. Additionally, she was given the responsibility of managing a portfolio worth many millions by Jay-Z. These funds have been utilized to acquire similar companies and development partners to the tidal franchise.

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Billion Dollar Business

 

Desiree’s success stems from the vast experience she has as a businesswoman. She’s spent most of her adult life negotiating the same kinds of deals she’s undertaking for Jay Z’s company. That makes her the ideal candidate to handle such a delicate endeavor. The truth of the matter is that there are billions of dollars at stake in this line of business.

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The astute determination of the music mogul is the only thing which has kept this initiative alive. Without him, Tidal would most likely have ended up being another failed idea. The fact that he has money only served to ease the process, exponentially.

 

Desiree’s Strategy

 

According to musicbusinessworldwide.com, The strategy deployed by Desiree and the rest of the team over at Tidal is simplistic but profound, to say the very least. It just focuses on the new releases and with the upcoming music. That is in stark contrast to the other competing music streaming services providers which pay lots of attention to the already existing music. That strategy, they hope, will enable them to have a smaller but more concise database. That will effectively make the searching process for a new song easier for interested consumers.

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Susan McGalla is A Leader in The Business and Retail World

American Eagle Outfitters is one of the most popular retail stores in America. The clothing store has become a hit with the younger crowds due to it’s various styles of merchandise. Much of American Eagle’s success is attributed to Susan McGalla.

 

From an early age, the Ohio native had ambitious dreams. With her hard work and confidence, McGalla would set forth a successful career path. After graduating from Mount Union College in 1986, McGalla began working for the department store Joseph Horne Company. McGalla’s eight-year tenure at Joseph Horne helped hone her marketing skills, which would become useful in later in her career.

 

Following her departure from Joseph Horne, McGalla was hired by American Eagle Outfitters, which would be the epitome of her business career. Early on at American Eagle, McGalla worked in a managerial role before being promoted to President and Chief Merchandising Officer. With her new lead role, McGalla would create ideas for merchandise, which would then lead to American Eagle Outfitters becoming a hit in the retail arena.

 

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Despite her success with American Eagle, Susan McGalla decided to leave the company in 2009. Yet, that hasn’t stopped the businesswoman from slowing down. She would go on to work for a real estate firm called HFF Inc, before making a return to the retail world by joining Wet Seal Inc. Her times with both companies was short-lived, yet were an important stepping stone in her career.

 

McGalla’s resume to continues to grow with her new role as The Vice President of Business Strategy and Creative Development for NFL’s top team, The Pittsburgh Steelers. Aside from her job with The Steelers, McGalla also has her own executive consulting firm.

 

With her list of high-profile jobs, Susan McGalla has shown she’s one of the top successful businesswomen.

 

 

Success in The Oversubscribed Private Placement

According to a recent news feature by the PR Newswire, NexBank Capital completed placing its senior uncensored notes in an oversubscribed private placement. The company made a total issuance of $155 million in the process. The notes are expected to mature by March 2026 and can be called as from March 2021. For the first five years, the notes will attract a fixed interest rate of 5.5 percent, which will later change to a floating rate as from 2022. The proceeds from this offering will be used to strengthen the firm’s balance sheet. Sandler O’Neill & Partners were the placement agents in this process.

Speaking after the placement, NexBank’s President described the development as a demonstration of investors’ confidence in the company. He further expressed the company’s gratitude, following their BBB rating from the prominent Kroll Bond Rating Agency. NexBank C.O.O, on the other hand, was delighted to announce that the firm had raised close to $200 million of debt in just 12 months.

Nexbank Reaps Big In 2016

Further revelations in the feature indicated that by the end of last year, NexBank Capital had total assets of $4.64 billion, which represented a 71 percent growth rate from 2015. Total deposits, on the other hand, increased by 72 percent from 2015, reaching close to $3.22 billion. Total loans in 2016 were $2.83 billion, increasing by 44 percent from 2015. NexBank made a net income in excess of $83 million in 2016.

NexBank SSB plays a key role in the growth of NexBank Capital Inc. The bank is well capitalized making it a leading bank in Dallas. As at 31st December last year, the bank total risk-based capital was at 13.14 percent.

About Nexbank Capital

NexBank Capital Inc. is a Dallas-based financial firm that specializes in corporate services, commercial banking, and mortgage banking. They offer their services to corporates, financial institutions, individuals, and institutional clients. The bank has a wealth of experience in the financial industry, having obtained their charter in 1922.

NexBank is headed by John Holt, the current president and M.D. Their COO is Matt Siekielski, and the CFO is Craig Korbuly. Other executive members include the General Counsel Mr. Dierk Hohman, the Chief Credit Officer Mr. Rhett Miller, and the Senior Managing Director Mr. Craig Campbell.