Author Archives: Michelle Eld

How Vineyard Vines Built A Giant Brand Without Raising A Penny Of Equity

I love success stories. Over the past 20 years, Shep and Ian Murray built a premier clothing brand business that has weathered price wars, the rise of fast fashion and the explosion in online shopping. Vineyard Vines, founded in 1998, now has 95 stores. Even more impressive is that the owners have maintained 100% ownership of the company! Read more:

https://www.forbes.com/sites/stevenbertoni/2018/04/10/how-vineyard-vines-built-a-giant-brand-without-raising-a-penny-of-equity/#7b4256986c95

A Quiet Place

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Reviews have dubbed A Quiet Place, a “nerve-shredding assault on the senses.” Can’t wait to see it. In short, John Krasinski stars with his wife, Emily Blunt, hearing-impaired child actor Millicent Simmonds and British-born rising star Noah Jupe as a family who has survived the invasive predators that are hunting humanity. These monsters hunt by sound, with survival depending on silence. That’s what makes the movie so suspenseful — or so I’m told.

If you’ve seen it, let me know what you thought!

https://www.theguardian.com/film/2018/apr/08/a-quiet-place-review-horror-john-krasinski-emily-blunt

League Salary Increased This Season

In a bold move, the NBA G League is doing away with its “A” and “B” payment tiers for the 2018-19 season. It will instead raise G League salary to $7,000 a month for all players, amounting to $35,000 for a five-month season. Still doesn’t seem like much!

Previously, players in the G League could earn an “A” salary of $26,000 per season, while players with a “B” salary would earn $19,000 per season.  The league is trying to make it more attractive for players to stay and play here rather than go abroad where they could make a lot more money.

http://www.lakersnation.com/nba-g-league-salary-increase-2018-19-season/2018/04/17/

The Bruce Lee Foundation

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I just came across this today. The Bruce Lee Foundation, originally started as a grassroots movement to honor Bruce Lee’s philosophies and dedication to his craft and his life, has provided over $80,000 in financial assistance to students and families in the U.S.  This thriving 501(c)(3) not-for-profit organization is designed to motivate individuals around the world to become the best version of themselves.

Check it out:

https://bruceleefoundation.org/

Have You Done Your Taxes?

That April 15 (well, actually April 17 due to the weekend) deadline is fast approaching. Where are you with your taxes?

This can be especially daunting if you own a small business. Here’s what to expect:

April 17, 2018

Estimated Quarterly Payments due

AND

Individual Tax Returns Due: For an automatic six-month extension, file Form 4868.

Corporation Tax Returns Due (Form 1120): For an automatic five-month extension, file Form 7004 

Read more at https://bench.co/syllabus/tax-basics/2018-tax-deadlines-small-business/#lg0ZGrPpDMwG4Omf.99

Mental Toughness: Why You Need It

What’s mental toughness? Do you have it? How is it helpful in business? Because mental toughness forms the foundations for success, grit, tenacity and determination help to solidify this endeavor for many successful business people.

Check out these 7 Habits of People With Remarkable Mental Toughness

https://www.inc.com/jeff-haden/7-habits-of-people-with-remarkable-mental-toughness.html

Bitcoin and Taxes

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Yikes! A Reddit user claims he owes the IRS $50,000 thanks to bitcoin.

That’s a lot of cash. Check out CNBC’s advice on how to avoid a surprise tax bill like this one.

It’s dizzying to keep up with bitcoin’s rise and fall. The price has shot from below $1,000 at the beginning of 2017 to more than $19,000 in December before plunging to $8,000 this month.  Investors who cashed out when the market was high now find themselves socked with a huge tax bill.  Read on…

https://www.cnbc.com/2018/03/20/how-to-avoid-a-surprise-tax-bill-from-investments-like-bitcoin.html

Facebook and Social Media Slump in Stocks

You’ve probably heard about the latest data breach to hit Facebook. Well, now its stock is sliding — for the second day in a row.

Shares of Facebook fell another 5% on March 20, wiping $50 billion off its market value. Facebook isn’t the only one suffering. The broader market is affected too, dragging down tech and social media companies such as Twitter with a 9% tumble.

Just to put that in perspective, the $50 billion loss is larger than the market valuations of Ford, eBay or Delta. Read more here.

http://money.cnn.com/2018/03/20/news/companies/facebook-stock-price-mark-zuckerberg/index.html

The Domination of Black Panther

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Have you seen Black Panther yet?  You should. It’s entertaining and it’s setting box office records all over the place. It’s the first movie since Avatar in 2009/2010 to top the weekend box office for five weeks in a row — only the 11th movie in 30 years to do so. Just think Rain Man, Home Alone, Silence of the Lambs, Titanic, the Sixth Sense and so many more.

So, go see what all the fuss is about! You won’t be disappointed.