Browse Month: November 2016

Eric Lefkofsky: Entrepreneur Is Only One Piece Of His Successful Puzzle

Eric Lefkofsky is an entrepreneur from Detroit, Michigan. He has been involved in many successful business ventures since 1993. He engineered several highly successful companies such as Echo Global Logistics, InnerWorkings, and the famously prosperous e-commerce website Groupon, which he helped co-found. His most recent venture is his newest co-founded company, Tempus.
Tempus is a progressive technology company that has created an operating system to help in the fight against cancer. Their state of the art design brings together biological science with hard data to help doctors make real-time decisions on care for patients. Their operating system is a progressive learning system that continuously absorbs data from all patients and works to create the best analysis and care for each individual. This allows more pinpoint accuracy in treatment per person and quickly progresses the determination in highly successful treatments from ones that aren’t. Tempus is a Chicago based company, and its location and mission are a natural projection of Lefkofsky’s own character.
His community involvement has been spread all over the city of Chicago. He is on the board of directors for Children’s Memorial Hospital, The Art Institute of Chicago, and The Museum of Science and Industry. He is also a board member of World Business Chicago where he is a co-chairman for its Technology Council. His passion for business has led him to teaching a course on entrepreneurship and building technology based businesses at the University of Chicago Booth School of Business.
According to Forbes, Lefkofsky has a strong bedrock for his philanthropy efforts as well. In 2006 he created the Lefkofsky Family Foundation, a charitable organization that focuses on the enrichment of life. They contribute to accessible education, medical research, cultural advancement, and improving and enforcing human rights. They have a wide variety of efforts they support but most notably is the more than 20 medical organizations that range from brain cancer to children’s health.
Eric Lefkofsky has the determination and skill to create a successful business out of a basic idea. His keen sense and networking have helped him become one of the best entrepreneurs of our age. He has learned the lesson of his set backs and used that education to create more opportunities giving him the title of successful businessman. Yet, it’s his unrelenting work towards charitable giving to better the lives of all human beings that defines his character as a influential man.

Follow Lefkofsky on Twitter @lefkofsky to learn more.

EOS’ Expansion in the Lip Balm Market

Some industries seem ripe for a revolution and the lip balm industry turned out to be one of them. EOS’ founders identified that the industry was susceptible to a product revolution given that the existing competitors in the market hardly competed and when they did the competition was based mainly on price. The products in the lip balm market hadn’t changed for a hundred years and were much the same as before.

EOS spotted an opportunity in this and began to design and then manufacture a product that was geared for those customers who were the largest component of the market; women. Up until EOS (https://evolutionofsmooth.com/) came out with a female oriented product which had an stylish orb applicator in hot colors and flavorful fruit combinations to wet the taste buds of those applying their lip balm, the lip balms on the market were steeped in androgyny. Flavors were medicinal in nature and the packaging did not stand out in any meaningful way.

In comparison, the striking colorful orb of EOS’ lip balm stood out like a sore thumb in the retail stores that first excepted their product; Walgreens, and the product exploded from there being sold and displayed in many different stores. Online merchants Racked and Lucky Vitamin soon followed.

EOS was able to identify and opportunity, design a product that met the modern needs of users, and experienced significant growth and expansion, becoming a hot product for customers in the lip balm market. Their story is interesting in its own case but particularly as a business case study that illustrates how a small company like EOS lip balm can compete against long established and dominant companies in an mature industry.

Read the full story in an article on the Fast Company website and learn how EOS was able to take over the lip balm market from their humble origins.

 

Madison Street Capital Set to Win Two Major Awards

For companies and professionals that are in the investment banking or M&A industry, the annual M&A awards is one of the most significant events of the year. The awards program, which is held every year in New York City, is a great end of the year event that celebrates the top companies and transactions of the preceding year. According to a recent article by Benzinga, a new and growing firm from Chicago will be headlining many of the top awards this year.

According to the article, Madison Street Capital of Chicago has been nominated for two of the top awards. The first award, which is the Firm of the Year award, is an award that is designed for smaller boutique firms. This company has been nominated for this award due to the fact that they have completed a number of different significant transactions, which has helped to grow the firm’s reputation.

The second award that the company has been nominated for is the Deal of the Year award, in the bracket that is for deals under $100 million. This award nominated was given to the company due to their services provided in the acquisition of Acuna and Associates by Madison’s top client, Dowco.

Both of these award nominations are only the most recent examples of Madison’s growing reputation in the industry. Ever since the company first founded around a decade ago, it has continued to develop a reputation of excellence. The company provides a wide range of services including advisory services for companies that are in the investment banking and M&A industry.

While the company has already developed a strong reputation with clients and peers in the field, the upcoming awards presentation should only help to enhance that reputation. The top awards presentation show will take place at the New York Athletic Club this year in late November. This will be the 15th installment of the annual show, which has acted as a springboard for many firms of similar size to Madison Street Capital.

Betsy DeVos Talks About Her Family’s Education Reform Efforts

For close to three decades, the DeVos family has been on the forefront championing education reform across the US. The family matriarch, Betsy DeVos has particularly been vocal about this initiative. She has proved to be a staunch reformer since she was a student at Calvin College. During that time, young Betsy was an active participant in campus politics. Since then, she has remained politically active. In her adult life, Mrs. DeVos has led various party campaigns, political action committees, and party organizations. At some point, she chaired the Michigan Republican Party for six years.

 

Advocacy Through Philanthropy

 

Besides their political and business endeavors, the DeVoses are active humanitarians. Betsy, in particular, pursues reform via her charity giving initiatives. She advocates for efforts aimed at ensuring that all school-going children attend schools of their choice regardless of their parents’ level of income. For a long time, children from low-income families had limited choices as far as school enrollment and attendance is concerned. This is what led her to start an educational scholarship fund to pave the way for equal accessibility to education.

 

Betsy’s involvement in the education choice reform program started after she served on the board of the American Education Reform Council, and that of Children First America. These organizations aimed at expanding education choice through the issuance of tax credits and vouchers. This heralded the formation of the American Federation for Children, an organization that she chairs. According to Betsy, the organization has been quite successful because through its efforts; there has been an overhaul of the Florida education system. The state has implemented a tax-credit scholarship program, which has greatly improved education choice.

 

Betsy points out that the American Federation for Children is looking forward to securing the gains that have been made in the states of Indiana and Louisiana. Already, measures have been put in place to pass crucial legislation that will improve education choice in the two states. She similarly urges the political elite to shun partisan ideologies when voting for the legislation since it will benefit millions of children.

 

Dick DeVos in Brief

 

Dick DeVos is a Grand Rapids-based entrepreneur, who made a name for himself by providing astute leadership to corporations such as Amway, Windquest Group, and Orlando Magic. The Northwood University alumnus is also heavily involved in politics and Republican Party affairs. He contested the 2006 Michigan governorship on the party’s ticket. Mr. DeVos is also a sailor, an aviator, and a humanitarian. To read more, click on DBDV Foundation.

 

Raj Fernando Knows How to be Successful

Since the beginning of his career, Raj Fernando has been very successful. He wanted to make better things for himself and for other people who are in the different areas that he works in Chicago. He wants to make things better and sees his success as the only way to do that.

When it comes to striving for success, Raj Fernando started at an early age. After starting college relatively early compared to his peers, he worked to make sure that he was doing things in college that would allow him to be successful in the future. He wanted to make sure that he was doing everything that he could and this meant that he started going to different volunteer experiences even while he was still in college. He saw that as a way to make things better for himself and for the business that he wanted to be in.

After graduating college, he started his own business. This business was in the trade field and he used the volunteer experience that he had in college to make that successful. This gave him a chance to see what business was like and what it meant to truly be successful in the career that he had. He worked hard to make sure that he was doing the right thing and that he was working hard. He sold his first business for a huge profit and got his first major taste of success. He has since flipped several other businesses.

While Raj Fernando sees success as different things, one of the biggest indicators, to him, is in his ability to give back to his community. He knows that without the help of the community, he would not be where he currently is. He wants to make sure that he always gives back to his community and this allows him to see how things can get better. There were many things that he did during his time in his career and this gave him the chance to be even more successful. He gives back to people, as well as animals in the Chicago area.

For more information please visit http://www.rajfernando.com

How to Maintain Beautiful Hair

Maintaining beautiful hair is simple if you know the steps necessary to keep your strands in the best of health. Use the following tips in your daily hair care regimen and you’ll notice an incredible difference in no time at all!

Don’t Overuse Hair Care Products

An array of hair care products sitting on the shelves at your favorite retailer are certainly attractive, but using too many of these goodies is going to distress your hair. carefully choose any product you intend to use.

Wen hair by Chaz is a line of hair care products valuable to add to your daily regimen. Several products are available in the line, each offering a no-fuss approach to maintaining beautiful, smooth, sleek hair. The Wen no-wash shampoo was the first product from the brand to make waves, and now just a few short years later, the company is one that women around the world count on to help them keep their hair beautiful, even without a lot of time to devote to the task.

Wen by Chaz hair care products are available in salons and online on eBay or Guthy-Renker. Although costlier than the traditional products, you get what you pay for. This brand of hair care products exceeds expectations time and time again.

Facebook page: https://www.facebook.com/WENhaircare/

Hairbrush Etiquette

Choosing a high-quality hairbrush is essential in beautiful hair. Cheaply made brushes may break the strands of the hair.

Trim those Strands

Another secret to beautiful hair: keep it trimmed. Regular trims keep the dead hair away, improving growth, shine, and even strength. Once every six weeks is a good rule of thumb to follow for trims.