Many factors force businesses to take a step back and re-evaluate their business model. For Richard Liu Qiangdong, that moment was above his ability and it was not policy based. The infamous 2004 SARS outbreak presented this billionaire a chance to reinvent himself to what he is today. By this time, Liu was already a proud owner of 12 stores in Beijing. However, the lack of customers in his shop was unexpected. He had to redefine his business model from a brick-and-mortar approach to a more trendy and innovative way. The results of his deliberation gave birth to his current company, JD.com.
His secret to expansion is without a doubt impressive. Richard Liu Qiangdong understands that for a business to be effective in discharging its mandate, finances are irreplaceable. In the past 16 years, he has been able to get into business deals, all in the purpose of making JD.com the future of e-commerce. Even though the company is currently worth more than $57.6 billion, Liu believes that the next phase will be possible if he manages to bring like-minded investors and people that share the same vision with JD.com.
The Renmin University of China graduate is also certain that deals with corporate giants such as WeChat will enable his company propels to the new heights. His sociology background is also important for him when negotiating deals like these. Richard Liu Qiangdong knows when to make an offer and when to negotiate. According to pundits, he is one of the most charismatic personalities in the technology investment world.
Even though he changed his business model from brick-and-mortar to e-commerce, his principles of business remain. He is still the hard working CEO he was before JD.com. On top of that, Richard Liu Qiangdong is also client-centered like he was before this company. The reason why he was able to grow his business from one store to 12 stores is mainly on how he treated his customers and as the CEO of JD.com, he still holds these principles close. Liu is also one of the most hardworking personalities in this particular niche. This has made JD.com one of the fastest and the most efficient companies around the globe.
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Stream Energy is dedicated to helping out those who are less fortunate. They are a company that is very generous and is sharing their success and wealth to better the lives of those who are in an unfortunate situation. They were quick to react when Hurricane Harvey struck, and they have partnered with Hope Supply Co. in order to spread the love.
Although the company is based out of Dallas, they are also helping those in other parts of the world. Stream Energy is doing a lot to help the homeless as it is a growing problem in the Dallas area. Dallas has seen an increase of 24% in homelessness and Stream Energy is aware of the issue. Stream Energy together with Hope Supply Co. made it possible for homeless children to experience something they would never have the chance to do such as go to a water park. They also make it possible for them to get the things that they need such as diapers, school supplies, and clothing.
Stream Energy has been working with Hope Supply Co. for over four years and continues to do good in their partnership with the charity. Stream Energy was there to help those affected by the tornadoes that hit in North Texas. They work with the Salvation Army to raise thousands of dollars for those who lost everything. They provided the essentials, matched funds, and generously doubled donations that were brought in by associates.
They also support their veterans and gives them the star treatment every year when they treat veterans and their families to a special dinner. They co-host the American Girl Doll Experience for ten of the daughters of those who have served in the military. Each girl gets to keep an American Girl Doll as well as have lunch at the American Girl Café.
Stream is a company that wants to give others the same experiences as everyone else, and they are aware that not everyone has everything that they need. They are a company that cares and is willing to get out there and to help others out.
Sahm Adrangi is a New York City-based hedge fund manager. His hedge fund is called Kerrisdale Capital Management and he has two main ways of investing. The first way is by investing in quality companies for the long term. The second way his hedge fund makes money is by taking short positions in companies that he and his team of analysts see as over-valued by investors. After taking a short position he will go public with his company’s research showing why the business is being over-valued and follows this up with a teleconference that anyone can dial into. When a company’s stock declines in value that he took a short position in then his hedge fund profits.
He has shorted the stock of a number of American companies in 2018. Sahm Adrangi has shorted Quinstreet, Proteostasis, and some other firms. One of the big ones he shorted was the St. Joe Company, a business that builds master-planned communities in the state of Florida. One of their biggest properties is the issue that Sahm Adrangi sees with this company. He says that due to this property the St. Joe Company is mired in a swamp, both figuratively and literally.
While going over the St. Joe Company’s assets, the team at Kerrisdale Capital Management saw that this property is in the middle of a remote swamp in Southern Florida. The management of St. Joe somehow believes that they will build a master-planned community here against all the odds. Sahm Adrangi says that no one in their right mind would want to live there or open a retail store in the middle of a swamp, let alone one that is far away from any other cities.
He also has an issue with St. Joe’s cash flow. Sahm Adrangi says that they are not earning much from their current portfolio of properties. He says that the situation had gotten so dire that they are actually earning more off the junk bonds they own than what they are bringing in from their properties. Between this and their unattractive properties, he says that St. Joe company is really overvalued for what is actually is.
Paul Herdsman is a businessman who is originally from Kingston, Jamaica. He now lives in Florida and is one of the co-founders of NICE Global, a company for which he serves as the chief operating officer. This company offers call center services to other businesses and is located in Jamaica. The types of services offered by NICE Global include customer service, email services, sales, back office operations, and tech support.
One of the most important things about running a company is developing a great culture, he says. His company is able to retain employees because management shows they care about developing their individual employee’s talents and skills. He says having a high retention level like at NICE Global really cuts down on the expenses of recruiting and training new employees.
Paul Herdsman also believes that investing in employees is critical, including giving them all the skills and tools they need to perform their jobs well.
Paul Herdsman says that rewarding employees who perform well is also critical to the revenues and profits it generates. His company bases salary and bonuses on performance indicators. He says that these aren’t busy work type things, like how many presentations they have done, but rather things that are critical to the success of the company. He doesn’t believe in having employees think doing a lot of busy work will advance their careers. Go To This Page for additional information.
His company uses an employee referral system in order to find the best employees. People need to fit into the culture of the company to really perform well and so employees can be a great resource for finding new employees who will fit right in. When an employee refers someone, they know as a new hire they are screened to make sure they qualify, pass background checks, and are given a phone interview followed up by one in person.
More about Paul Herdsman beliefs when it comes to business can be found at: Paul Herdsman Business Lessons
See Also: https://www.crunchbase.com/person/paul-herdsman