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Business And Entrepreneurship

All articles tagged with #business and entrepreneurship

business-and-entrepreneurship2 years ago

"Million-Dollar Newsletter and Podcast Success: The Power of Hard Work Over Twitter"

Lenny Rachitsky, a 42-year-old entrepreneur, earns over $1 million a year from his newsletter and podcast focused on product management. He advises aspiring entrepreneurs to gain experience in their field before offering advice, emphasizing the importance of deep knowledge and real-world experience. Rachitsky worked in product management and software engineering for over a decade before starting his ventures, and he believes in "doing the work for a long time first" before sharing advice, urging others to "stop tweeting and do the work."

via CNBC|
#business-and-entrepreneurship#entrepreneurship#newsletter
business-and-entrepreneurship2 years ago

"Millennial's Rise to Beauty Brand Fame with Estée Lauder's Playbook"

Karissa Bodnar, the founder of Thrive Causemetics, has built a successful beauty brand by leveraging a direct-to-consumer model and emphasizing social conscience. Thrive's marketing strategy focuses on community involvement and charitable giving rather than extravagant launch events. Despite facing legal controversies and social media backlash for its social stances, the company has cultivated a strong following and brand loyalty. Bodnar's approach to business, which includes significant product donations and a commitment to social issues, has differentiated Thrive in the competitive beauty industry.

via The New York Times|
##beautyindustry#brandbuilding
business-and-entrepreneurship2 years ago

Teen Turns $2K Savings into $34K Monthly Amazon Empire

Bella Lin, a 17-year-old senior from California, turned her $2,000 savings into a thriving Amazon business called GuineaLoft, which sells innovative guinea pig cages. After witnessing an eagle snatch one of her pets, Lin was inspired to design a better habitat for small animals. Despite a previous unprofitable venture in athleisure wear, Lin's GuineaLoft has been a success, generating over $410,000 in revenue last year, averaging $34,000 per month. She balances her business with school and extracurricular activities, dedicating about 20 hours per week to GuineaLoft. Lin is now considering a gap year to focus on her business, which has a 25% profit margin reinvested into growth and product development.

via CNBC|
##amazonbusiness#business-and-entrepreneurship
business-and-entrepreneurship2 years ago

"From $120K Investment to $4.5M Annual Revenue: The Rise of a Frozen Food Empire at 41"

Nadia Liu Spellman, leveraging her family's legacy in the Chinese culinary scene, founded Dumpling Daughter, a frozen food restaurant chain based on authentic recipes. With an initial investment of $120,000, partly financed by family loans, the business now generates $4.5 million annually, selling up to 4,000 dumplings a day across three locations and online. Despite facing challenges such as inventory management and legal disputes, Dumpling Daughter has expanded its reach through e-commerce and grocery store sales, although it is not yet profitable. Spellman's vision is to make Dumpling Daughter a household name while honoring her parents' influence and adapting to modern consumer needs.

via CNBC|
##business-and-entrepreneurship#dumplingdaughter