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Bernie Marcus says he doesn’t want the "woke generation" leading business. Home Depot cofounder Bernie Marcus is adamant he doesn’t want the "woke generation" leading business. He told Fox Business that "nobody wants to work anymore" because of "laziness" and government benefits. Home Depot has distanced itself from Marcus, noting he hasn’t worked at the company in 20 years. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Home Depot’s 93-year-old cofounder Bernie Marcus — who retired in 2002 — says he doesn’t want the "woke generation" leading business, arguing that they would spend money "we don’t have" on climate mitigation and wouldn’t focus on the bottom line. Speaking on Fox Business Network’s "Varney & Co" on Thursday, Marcus — who no longer has any day-to-day involvement with the company — said: "I certainly don’t want to see the woke generation coming […]

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Source: Canyon Rim Consulting, LLC AMARILLO, TEXAS — Canyon Rim Consulting, LLC announced late December it had joined the Oracle NetSuite Solution Provider Program, through which the company will leverage cloud enterprise resource management (ERP) capabilities to provide its food manufacturing clients with more modern control over their processes, data and supply chains. Canyon Rim Consulting was founded in 2021 by several core members of Merrick Pet Care’s former information technology (IT) team. Wayne Freeman, foundational architect at Canyon Rim, worked with Merrick for more than 15 years as IT director. Now, he and his team are translating that experience to bring business intelligence solutions such as automation, data analytics, and other technology services to the CPG and manufacturing industries — including pet food and treat processors. “The past few years brought disruptive change, and many organizations are seeking modern, cloud-based systems that can provide greater flexibility to help during challenging times,” Freeman said. “We are excited to partner with NetSuite to expand our portfolio of services and further strengthen Canyon Rim’s manufacturing and supply chain expertise. NetSuite’s integrated business system will allow our customers to improve visibility into data across the organization, increase efficiency, and address industry challenges.” […]

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Ways to use artificial intelligence applications like ChatGPT, Jasper and Lensa to generate real cost-saving/profitability results. Opinions expressed by Entrepreneur contributors are their own. Artificial intelligence is not only altering the course of the internet but also impacting the future of business. While some fear that it will have harmful economic repercussions by replacing people in jobs, AI can also serve as a game-changing tool to grow a business and increase its efficiency — help with everything from lead generation to content creation. Here are a few popular new platforms and how you can apply them: ChatGPT Launched by OpenAI in November of 2022, this chatbot amassed more than a million users in just five days . A generative dialogue AI application, it can create new content, and its potential uses are virtually endless — from writing full essays to blog posts , song lyrics to cover letters and resumes. It can even draft legal contracts using local statutes/regulations pulled from public sources. For coding purposes, it can write and explain code, find errors in existing code and build websites. A master chatbot characterized by stunning accuracy, its greatest asset is an ability to mirror organic, lifelike conversations. Because […]

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Many entrepreneurs need a large amount of cash to launch or grow their startup businesses. When you’re passionate about the potential of your idea, pitching to outside investors can seem like a simple and obvious way to obtain that much-needed cash. However, first-time entrepreneurs often make mistakes when engaging with private investors, from not asking for the right amount of money to giving up too much control of their businesses. Here, Forbes Finance Council members share some common mistakes entrepreneurs make when attempting to raise capital through private investors. No matter what stage of funding you’re in, this expert advice can help you avoid common pitfalls and improve your chances of raising the money you need to grow. Members pictured from left to right. Photos courtesy of the individual members. 1. Not Getting Directly To The Important Details In Your Pitch Entrepreneurs underestimate the time their deck and story have to make an impression—90 to 300 seconds is all you have. Stop focusing on what makes you excited and use your short time to highlight the areas that get private investors excited. What is the total addressable market? Do you have a team with the knowledge and skill required […]

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Image: Bigstock Verizon Communications Inc. ( VZ – Free Report ) is scheduled to report fourth-quarter 2022 results before the opening bell on Jan 24 . In the fourth quarter, the Business segment is likely to have recorded year-over-year lower revenues owing to a challenging macroeconomic environment and rising inflationary pressures. Factors at Play The Business segment includes the wireless and wireline operations of Wholesale, Public Sector and Other, Small and Medium Business, and Global Enterprise. During the quarter, Verizon collaborated with Higi to provide digital health solutions and services to support preventative health, drive literacy and identify high-risk consumers eligible to be managed via home-based monitoring. It also partnered with Openloop to accelerate anytime, anywhere virtual care delivery. According to the terms of the collaboration, the firms will work in unison to provide rural communities and seniors with limited access to transportation with greater access to care powered by the Verizon 4G LTE and 5G Ultra Wideband networks. These initiatives are likely to have translated into incremental revenues in the quarter. In the fourth quarter, Verizon inked an agreement with Wipro Limited to develop global Network-as-a-Service (NaaS) for network modernization and cloud transformation for businesses with a range […]

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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. Managing your business’s inventory can be expensive. Amazon FBA may be a lucrative alternative to sourcing, storing, and shipping your inventory, and Amazon only charges 10% to 15% off your margins. If you want to learn how to convert your business to an Amazon FBA or Shopify Dropshipping model, check out The 2023 Business Model and Strategies Bundle , featuring courses on Amazon FBA and Shopify. Amazon FBA and Shopify Dropshipping are two options for accomplishing similar goals, and both could benefit your business by saving you money on inventory storage and order fulfillment. Start with Amazon FBA: The 2023 Business Model & Strategies Course. This 2.5-hour course taught by drop shipper Paul Heidiri covers which items tend to be profitable on Amazon, how you can generate high-quality sales copy, where you might find suppliers, and more of the practicalities of running your business through Amazon. If you want to expand your business opportunities , you could even try selling existing products […]

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As the world’s economy continues to be affected by a global recession, small and medium-sized enterprises (SMEs) face many challenges in staying afloat. Research reveals they are increasingly worried about the impact of the recession, with many being forced to lay off workers, reduce wages or even close down completely. Research calls on government to help ensure that SMEs remain part of the global economy and … [+] getty A recession can cause a decrease in consumer spending, which can result in lower sales for SMEs, exposing them to financial risk. This lack of capital can make it difficult for these businesses to cover expenses and maintain operations. Additionally, as larger companies tend to be better positioned to weather an economic downturn—according to research —SMEs may find themselves competing with more prominent companies for fewer resources in terms of financing, customers, employees and more. Michael Hundeshagen, CEO of Sumaoptix GmbH , observed, “the biggest challenge SMEs face in a recession is cash flow,” in an interview. However, he added, “Many times, larger companies have access to resources that SMEs cannot, such as large amounts of credit or financial assistance from the government. This can make it difficult for an […]

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OXFORD, England, Jan. 20, 2023 /PRNewswire/ — Scott Bairstow has been appointed Head of Aerospace Business Development at Unipart Logistics. Scott brings an extensive Aerospace industry background and knowledge gained from over 15 years working in the sector in previous roles including Head of Programmes at Northwest Aerospace Alliance (NWAA) leading the Aerospace Supply Chain Excellence 2 programme and through his Business Development role at the Northwest Regional Development Agency (NWDA). Continue Reading Scott Bairstow (PRNewsfoto/Unipart) Scott Bairstow, Head of Aerospace Business Development, Unipart Logistics said: "The Aerospace sector is rebounding with positive optimism from the pandemic and is gearing up ready to embrace the challenge of the critical future Jet Zero targets (Department of Transport strategy to deliver Net Zero aviation by 2050) . "I am delighted to join Unipart Logistics and am excited to engage with new customers requiring innovative logistics solutions, based on the principles of process excellence, world-class safety and sustainability standards. "Applying these Unipart Way principles will enable Aerospace customers to achieve resilient, efficient, high-performing supply chains in response to the forthcoming sector challenges." Simon Wheelton, Director, Aerospace, Defence & Utilities, Unipart Logistics said: "Scott joins at a really exciting time for Unipart, following […]

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Fortescue Metals Group CEO Elizabeth Gaines poses for a picture after sharing her outlook on China’s steel production prospects, in Shanghai, China January 15, 2020. REUTERS/Emily Chow DAVOS, Switzerland, Jan 20 (Reuters) – Renewable energy is likely to eventually overtake Fortescue Metals Group’s (FMG.AX) iron ore business, despite strong tailwinds for the commodity ahead, the company’s former chief executive officer Elizabeth Gaines said at Davos. Fortescue would continue growing its iron ore business, but the scale of the world’s green energy transition would boost demand for renewable energy far more, said Gaines, non-executive director and global green ambassador at Fortescue, on the sidelines of World Economic Forum’s annual meeting in Davos. There’s no lack of ambition for growth in our iron ore business. But when you look at the scale of the green energy transition, it’s not unreasonable to think that ultimately renewable energy will probably outscale our iron ore business significantly," she told the Reuters Global Markets Forum. "I think we will see renewable energy play a very big part of our overall earnings in the future." Last year, the Perth-based miner said it would spend $6.2 billion to eliminate the use of fossil fuels and achieve "real […]

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Business leaders can gain valuable insights from history’s great military strategists. Martin Roger, an author and the former dean of the Rotman School of Management at the University of Toronto, suggests examining The Art of War by Sun Tzu. Although the text is more than 2,000 years old, Roger argues that it contains timeless philosophy that applies not only to the battlefield, but also to modern business strategy. To Roger, people often think business (and war) are all about numbers and hard data. But in reality, it’s often just as important to think about the more qualitative aspects of your company and its competition. That’s where philosophy and customer-focused design come into play.

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