All dogs poop, but not all dogs can wait for their next walk. If you have a new puppy or a disabled dog that needs assistance, or if the weather is just plain awful, there has to be a better solution than having to clean up accidents on the carpet, right? The typical Wee-Wee Pads you’ll find at most pet stores are a completely fine option, but they’re not pretty. That’s where the Doggy Bathroom fits in. This crate-shaped dog “litter” box may resemble a plastic bin, but it wants to be the barrier between your dog’s lifted leg and your favorite piece of furniture. It’s expensive ($209), and that’s without mentioning the optional subscription service to ensure you’re always stocked on the brand’s pee pads, which it says are made with ecofriendly biodegradable materials. Let’s set the record straight. The Doggy Bathroom is extra . It’s the fancy new coffee shop in town that’s trying to replace the hole-in-the-wall shop down the street. Its primary value is aesthetics—the company’s founder, Alain Courchesne , is a Canadian designer and, yes, there’s a Keith Haring edition . The system is a little clunky, which is odd for something that costs […]

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Fees the company collects from third-party sellers have risen for six years in a row, squeezing their margins. Amazon’s Big Cut From Third-Party Sellers Grappling with slowing sales growth and rising costs, Amazon.com Inc. is squeezing more money from the nearly 2 million small businesses that sell products on its sprawling online marketplace. For the first time, Amazon’s average cut of each sale surpassed 50% in 2022, according to a study by Marketplace Pulse, which sampled seller transactions going back to 2016. The research firm calculated the total cost of selling on Amazon by tallying the commission on each sale, fees for warehouse storage, packing and delivery, as well as money spent to advertise on a site where hundreds of millions of products jostle for attention. Paying Amazon for logistics services and advertising is optional, but most merchants consider these a necessary part of doing business. Sellers have been paying Amazon more per transaction for six years in a row, according to Marketplace Pulse, but were able to absorb the increases because the company was attracting new customers and rapidly increasing sales. That abruptly changed when pandemic lockdowns eased and people began traveling and dining out again, sucking the […]

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In this article META+5.16 (+2.96%) Marne Levine, vice president of global partnerships and business development for Facebook Inc., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Marne Levine, vice president of global partnerships and business development for Facebook Inc., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Sarah Silbiger | Bloomberg | Getty Images Meta ’s Chief Business Officer Marne Levine is stepping down after 13 years with the company, Meta announced in a release Monday . Levine will stay in the role until Feb. 21, and she will remain an employee at Meta until she officially departs in the summer, according to the release. Meta said Nicola Mendelsohn and Justin Osofsky will take on expanded roles as senior sales and partnership leaders moving forward, and they will report to COO Javier Olivan. Levine previously served as vice president of global public policy at Facebook, chief operating officer at Instagram and vice president of global partnerships, business and corporate development at Facebook. “From running global policy, to growing our Instagram business as the first COO, to leading our ads and business […]

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During a financial meltdown, it often makes practical sense when a small business—or large franchise—decides to transition away from brick-and-mortar real estate to an online-only presence. Maintaining a digital presence may seem quick and easy on the surface; however, it also involves a new set of challenges when it comes to retaining current clients and customers and drumming up new business opportunities to ensure market growth. How do you break through the digital noise and differentiate your brand from online competitors? What is the best way to grab the attention of consumers who have short attention spans? Leading experts from Forbes Business Development Council agree that moving prospects through the digital sales funnel process is tricky whether the market is up or down. To help other biz developers and teams create an e-commerce business that stands out in the marketplace, they recommend the following best practices. Members pictured from left to right. Photos courtesy of individual members. 1. Invest In Dynamic Audio Advertising Engaging an e-commerce audience is critical, which is why digital advertising is so important. Dynamic audio advertising or the ability to adapt content and promotions to individual users has proven to be especially effective. Retailers like […]

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Do you own a business with dreams of selling it one day? Here is how to maximize the selling profits of your business. Opinions expressed by Entrepreneur contributors are their own. Every entrepreneur dreams of funding their freedom by one day selling their business for 10 to 20x multiples or more. Unfortunately, selling for multiple valuations is not as common as we all wish it was. We know it’s possible because we’ve seen it happen, but it’s the exception, not the rule. So what’s the secret? What makes a business achieve that level of success? As an entrepreneur and a coach to my fellow entrepreneurs, I have had countless conversations on this subject. After an intriguing meeting with my friend Tom Lambotte, founder of OneDayWorkWeek.com, I now know the secret is to establish processes and systems that allow the business to run smoothly without the founder in place. When it comes time to sell, the multiples will be dismal if the business is highly dependent on you to run it. If the business is self-running , the payoff has the potential to be exponential. There’s a bonus to this strategy: You get more freedom before selling the business. You […]

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This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page . Gone are the days of airlines investing in exclusive first-class cabins. Though a handful of international airlines are still committed to offering first class in key business and leisure markets, most carriers are instead going all-in on business class. And, as airlines have been debuting cutting-edge business-class products, a new cabin class is emerging, commonly referred to as “business class plus.” These products usually occupy the first row of the cabin and offer additional space, storage and amenities that take advantage of the bulkhead’s unique configuration. Though JetBlue was among the first to popularize this concept with the introduction of the Mint Studio , several airlines have since unveiled something similar. And, the latest airline to jump on the “business-class plus” bandwagon is one that might surprise you. German leisure carrier Condor officially debuted on Monday what it’s calling “Prime Seats,” the airline’s take on a business-class-plus offering. ZACH GRIFF/THE POINTS GUY Located in […]

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Sanford Health will be the primary beneficiary of Denny Sanford’s estate, and the system will invest $500 million in Minnesota health care facilities following a proposed merger with Fairview Health Services. Those were among the details shared with Minnesota legislators in a letter sent today from Sanford CEO Bill Gassen and Fairview Health Services CEO James Hereford. The cover letter was sent along with the systems’ letter of intent to merge, which was signed last September. It includes information about a “strategic capital investment” of $500 million from the combined system into hospitals and facilities in Minnesota communities currently served by Fairview. “This investment reflects our foundational commitment to ensuring increased access to health care for Minnesotans for generations to come,” the letter said. Additionally, the letter references “Cornerstone Commitments” between Sanford Health and Denny Sanford, who has donated nearly $1.5 billion to the health system since 2004. “In addition to this unprecedented financial support during his lifetime, Mr. Sanford has also declared his legacy giving intentions that Sanford Health will be the primary beneficiary of his estate,” the letter said. The Cornerstone Commitments function as a promise to Denny Sanford that reflect the intention of his support, the […]

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Media Contact: Terry Tush | Director, Marketing and Communications | 405-744-2703 | terry.tush@okstate.edu Spears School of Business faculty Jennifer Coonce and Rachel Cox have been named Business Ethics Teaching Fellows to recognize their efforts teaching business ethics and working with students to raise awareness of the importance of business ethics. Coonce, assistant professor of professional practice in the Department of Management, and Cox, instructor of professional practice in the School of Accounting, both teach ethics in their disciplines and are also faculty co-sponsors of the Spears Business Student Center for Public Trust (Student CPT). The school’s Center for Legal Studies and Business Ethics (CLSBE) selects the Teaching Fellows. “The Center for Legal Studies and Business Ethics is pleased to recognize the efforts of professors Coonce and Cox,” said Laurie Lucas, the center’s director. “Both have been instrumental in raising student awareness at Spears about the importance of good business ethics. “For several years, professors Coonce and Cox have been faculty co-sponsors of the Spears School’s Student CPT organization, which works to bring students together with leaders in industry to help them see the value of ethical behavior. These faculty deserve recognition for their efforts in highlighting these issues for […]

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The best kinds of business partnerships improve client retention. Future via Getty Images No matter what industry you operate in or who you sell to, few things can be more important for the lasting success of your business than client retention. Not only does acquiring new customers cost five times more than retaining existing customers, but simply increasing retention rates by five percent can more than double an organization’s revenue. Despite this, churn can be a very real problem for many businesses, with some industries experiencing average churn rates between 21 and 25 percent . Because client retention can have such an outsized impact on your profit margins, finding ways to continually improve retention and reduce churn should be a top priority for any business. With the right kinds of partnerships, this can become much easier and more effective. 1. Provide Something Truly Relevant One of the most important considerations when embarking on a client-focused partnership is whether that partnership is truly relevant to your target audience. This can be seen when larger “big box” retailers partner with specialty retailers, such as Target entering into a strategic partnership with Ulta Beauty in 2020. What made this partnership work was […]

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Walk inside the doors at 1002 E. Eighth St., and Ralph and Fatu Cooper will welcome you into their food market stocked with 100-pound bags of rice, boxes of fufu flour and frozen slabs of fish. A few steps to the east at 1014 E. Eighth St., and you’re at the door of Walters HiHo Tavern, a neighborhood fixture for decades. In between those buildings at 1010 E. Eighth St., you’ll find infinite possibility. That’s because Dave Syverson, who purchased the property with a partner in 2022, doesn’t know yet who will rent the 100-year-old building. However, he is confident a retailer, restaurateur or entrepreneur will see the same possibilities in this microneighborhood that he sees. “There’s opportunity all around the city, but I do like downtown and the closer to the core you can get,” said Syverson, co-owner of Syverson Tile & Stone. “I have always been a fan of downtown Sioux Falls and the development going on there.” While Eighth Street closer to Phillips Avenue has seen enormous growth in recent years, Eighth Street between Nesmith and Cliff avenues has lagged behind. It has a more unique character and houses that the central downtown area lacks. Directly […]

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