Business

Steph Curry and 25 Athletes With Major Business Empires Outside of Sports

Being a professional athlete can easily make you a millionaire, but these sports stars have expanded their wealth by turning those team paychecks into veritable empires. See how these players have been making bank outside of the sports world.

Last updated: Aug. 7, 2020

1. Shaquille O’Neal

Former NBA pro Shaquille O’Neal has invested his money in companies he believes in — and it’s ended up paying off for him. O’Neal formerly owned 10% of Five Guys’ entire franchise portfolio and eventually sold it, telling CNBC that the burger business was “very good” to him. He was also an early investor in Google and invested in Ring before it was acquired by Amazon for $1 billion.

2. Earvin ‘Magic’ Johnson

  • Magic Johnson Enterprises

NBA great Earvin “Magic” Johnson is the chairman and chief executive officer of Magic Johnson Enterprises, an investment conglomerate valued at an estimated $1 billion, according to

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How a Sou-Sou Helped This Woman Save Money to Start a Business

Editor’s note: This post was originally published in 2016.

Saving has always been a challenge for me. While I continuously applied the pay-yourself-first principle to my finances, I struggled to stick to my budget.

So when I wanted to start a cake-decorating business, I needed another way to cover my startup costs. I preferred not to take out a loan because of interest charges.

A co-worker suggested starting a sou-sou.

What’s that? you’re wondering. Well, read on.

What’s a Sou-Sou?

A sou-sou is a simple savings plan.

The West African tradition, which is also popular in the Caribbean, requires a group of people to contribute a fixed amount of money either weekly, bi-weekly or monthly to a group account, with one member responsible for collecting the cash.

The group holds a random draw to determine the order in which each person will receive their lump sum payment. However, once each

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Your digital marketing plan can make or break your business. Find out what you need to know

TLDR: The Complete Digital Marketing Growth Hacking Certification Bundle offers insight into dozens of strategies for finding and converting customers online.

From search engine optimization (SEO) to content marketing, from social media advertising and engagement to email campaigns and affiliate plays, there are nearly as many avenues to digitally market online as there are sellers marketing.

And while one method may serve a particular seller better than others, there’s never a one-size-fits-all answer to assembling a digital marketing plan. In fact, the reality is it will almost always take a combination of many approaches to build to the web audience and customer base you want.

The Complete Digital Marketing Growth Hacking Certification Bundle ($34.99, over 90 percent off from TNW Deals) makes sure you understand all the avenues open to you, with a background in all the critical ways you can build a brand, optimize your messaging and hopefully, make

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Why We Buy In to the Big Business of Sleep

In a small room without windows, I am instructed to breathe in sync with a colorful bar on a screen in front of me. Six counts in. Six counts out. Electrodes tie me to a machine whirring on the table. My hands and feet are bare, wiped clean and placed atop silver boards. My finger is pinched by an oximeter, my left arm squeezed by a blood-pressure cuff. Across from me, a woman with a high ponytail, scrublike attire and soft eyes smiles encouragingly. She is not a doctor, and this is not a lab. The air smells like lavender and another fruity scent I later learn is cassis. My chair is made of woven reeds, topped with a thick cushion and a pillow for lumbar support. The windowless room feels more cozy than claustrophobic; this is not torture but a luxury. I am, in fact, in a five-star resort

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Rishi Sunak could hike business rates for ‘most valuable properties’

The Chancellor has asked for industry feedback on whether high end shops, offices and other large premises should pay a new, higher business rate - Reuters
The Chancellor has asked for industry feedback on whether high end shops, offices and other large premises should pay a new, higher business rate – Reuters

Rishi Sunak is considering an increase in business rates for the “most valuable properties”, with fears being raised that the move could hurt firms already struggling amid the effects of the coronavirus crisis.

The Chancellor has asked for industry feedback on whether high end shops, offices and other large premises should pay a new, higher business rate, with responses due ahead of the autumn Budget.

In a call for evidence as part of a business rates review, the Treasury said failing to raise enough revenue from them could put pressure on “other parts of the tax system”.

Business rates are based on shop rental values, typically calculated every five years and paid by tenants rather than property owners. Critics say the system is unfairly

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Does your hobby have business potential? Here’s how to tell

If you’re like most people, you have at least one hobby that keeps you busy and helps you stay entertained outside of working hours. You might practice woodworking, paint abstract art, improve your flexibility with yoga or chart the patterns of stars in the night sky.

With your entrepreneurial mindset, it’s tempting to think that there’s some way to make money from this hobby, in addition to bringing you personal enjoyment. But does your hobby really have business potential?

You might be surprised to learn the answer.

Monetization options

For a business to be successful, it needs to have a way to make money. Even if you’re pursuing this mostly because of your passion, you’ll still need a stream of income to offset your costs and keep the business running.

Accordingly, you’ll need some way to “monetize” your hobby. There are a few possible options here:

  • Production. One of the

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How Planet Fitness, Ulta Beauty, And Kohl’s Changed Their Business Models To Successfully Whether The Storm Of The Coronavirus and Surge Forward Towards Profitability.

“If you want to succeed in retail, you need to fully commit to off-price or online,” -Jim Cramer, Mad Money, March 5, 2020

Retailers have been struggling for sometime to compete with the giant Big-box stores such as Amazon (AMZN), Walmart (WMT), Home Depot (HD), and Costco (COST), who offer massive discounts, great selection, and an easy shopping experience. Then the Coronavirus pandemic engulfed America this past March, and most retailers, other than essential ones like pharmacies and grocery stores, were forced to close their doors because consumers were self quarantined. After that took place, retailers needed to make changes to their stores to allow for proper social distancing and hygiene so they could open them safely. Brand loyalty gave way to buying whatever was cheapest. Some retailers, including JC Penney, Neiman Marcus and Brooks Brothers have already succumbed to the virus and have filed for bankruptcy. Others have laid

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What It’s Like Running Your Own Business

Have you ever wondered what it’s like to own your own food business? Whether you see yourself working in a restaurant, serving up tasty street food from a food truck, or catering weddings as a side-hustle, all food businesses take an immense amount of time and dedication. Here’s some words of advice from three Vermont women making their culinary dreams a reality.

Meet Our Interviewees!

Chelle Hall is the owner of Buku VT, a pop-up company that prepares and sells bento boxes in the Stowe and Burlington areas. Her Japanese heritage and creativity inspired her to bring novel Japanese foods to Vermonters. Hall opened her business two months ago and plans to expand to more locations within the coming months.

Janina Kotulich is the owner of Red Poppy Cakery in Burlington, VT. She opened the bakery in April 2019 after moving to Vermont from Connecticut in 2017. She designs a

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Does your small business need a website? Try these services.

Does your small business need a website? Try these services.
Does your small business need a website? Try these services.

If you have a small business, you know it needs to have an online presence. The days of being able to succeed without some kind of website or online store are far behind us.

Fortunately, making your mark online has never been easier thanks to many companies offering easy-to-use website builders. That means you no longer need to hire a dedicated designer to construct your website. Many of these sites appreciate that you might not have expert knowledge, offering simple drag-and-drop interfaces and intuitive methods that help your website rank highly on search engines.

With so many services out there, how do you know what’s best for your business? Read on, and we explain what to look for when buying a website builder and everything you need to know about the best ones for you.

Why do you need a

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Drew Barrymore Talks With Kenan Thompson and Kel Mitchell About Child Stardom and Getting Into Show Business

The Drew Barrymore Show is kicking off in September, but the actress and host is gearing up with some fun digital content — including Drew’s Movie Nite special! The first film she’s screening is the family comedy classic Good Burger, and she spoke with the movie’s stars as part of the virtual event.

Kenan Thompson and Kel Mitchell joined Barrymore via video chat for the first Drew’s Movie Nite special, and they dished on the making of the movie, their life years later, and their first forays into the world of acting.

Barrymore, who was a child star herself and began acting when she was 11 months old, asked the actors how they got their start, and both found a love for performing in community theater during elementary school.

“I was about 12 years old,” Mitchell reflected. “I was a bit of a class clown and my parents were

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