June 24, 2021

Last year, companies across all industries scrambled to figure out how to continue doing business during the coronavirus pandemic. As time went on, subscription services proved to be dependable profit sources given that they required customers to provide regular payments every month. Subscriptions to streaming platforms like Netflix and Disney Plus skyrocketed in 2020 while many restaurants also found success with membership models. 

For instance, in early 2021 six eateries in the Washington, D.C., area joined forces to create Continue reading

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February 25, 2020

Since 1978, Bob’s Red Mill has made high quality whole-grain products that are staples of upscale grocery stores across the country. The California company generated more than $50 million in sales in 2018 and employs nearly 600 people. Although staffers at Bob’s Red Mill enjoy wide-ranging benefits including profit sharing, their stake in the company got even bigger at a recent birthday party for founder Bob Moore.

During a speech in front of many employees, the 91-year-old entrepreneur announced that Continue reading

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February 13, 2020

In 2017, the home goods company Brandless launched with a novel way to take on Amazon as well as other big-box retailers. The direct-to-consumer startup sold high-quality, organic versions of everything from toilet paper to beauty products in simple, no-frills packaging. Brandless claimed that this eliminated the so-called “BrandTax” levied by many companies, which could account for as much as 40 percent of the product’s actual cost. With little money spent on traditional marketing, Brandless initially charged just $3 for Continue reading

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