A Brief Chat
Since launching in 1986, Lincolnshire Management has served as a lifeline to middle market firms across New York utilizing their extensive experience for over three decades. However, when CEO TJ Maloney stepped into a leadership role with the company, it had found the figurehead to take them into the new millennium and beyond. Maloney recently sat down for a short question and answer session covering a wide range of topics and offering readers valuable advice.
Business in the Blood
TJ Maloney was bit by the business bug early in life while working for his father’s businesses in roles such as collections, engineering, and quality control. After earning a bachelor’s at Boston College and Juris Doctor degree from Fordham University while serving on the Board of Trustees at both schools, Maloney would also take on the role of chairman of the Boston College Wall Street Council. Following his time in college, he then went on to practice business law in New York City before finally arriving to Lincolnshire Management as the company’s current CEO and President.
A Day in the Life
After going into a little family background TJ Maloney is asked to describe a typical day for him on the job. He discusses how he starts the day with two cups of coffee while planning out his priorities. The key is a strong balance throughout the day between group tasks and independent projects.
Exploring New Horizons
According to TJ Maloney, acquiring a new business is an intricate process with many steps to it. Depending upon the industry this might include bringing in an outside consultant in some instances if necessary. In a general sense, it involves a collaborative effort with all team members involved in the decision making process.
Trust is Vital
Maloney talks about good habits such as a desire to continuously learn and grow, as well as looking for ways to improve the business at all levels. He also advises his younger self and others to trust their instincts with business investments.
Read more about TJ Maloney here http://professionaltales.com/tj-maloney-lincolnshire-ceo/
Alejandro Betancourt Lopez is already a stunning success as an entrepreneur, but he has continued to remain dedicated to self-improvement in his professional and personal life. This is a continuous process that he is always working on even if he is not quite sure of what his next step should be. When it comes to self-improvement, the entrepreneur believes that it’s important to at least be moving in the right direction of your goal even while still coming up with a plan. In addition to this, Alejandro Betancourt Lopez emphasizes that it’s important to recognize that your plans may need to be changed to adapt to new situations or circumstances. This flexibility is something that has always served him well during his career.
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The graduate of Suffolk University values the power of a strong education and believes in the importance of learning. Alejandro Betancourt Lopez attended Suffolk University from 1998 to 2002 and during this time he studied to earn a Bachelor of Science in International Economics and Business Administration. While his formal education taught him a lot, he also values the knowledge that he gained through his experience in his career. He has recently gotten involved in the world of fashion as the President of Hawkers Co. The company that was founded in 2016 produces luxury sunglasses and is hoping to expand its brand throughout the world.
Alejandro Betancourt Lopez is a native of Venezuela and a well-known businessman internationally. He is currently based out of London, England but has business interests located internationally as well. His desire to achieve self-improvement is one of the factors in the business success that he has managed to have during his career. Through these efforts, he has been able to improve himself on a personal level as well as his skills and knowledge. He accredits the history of his family and their values for his desire to improve himself. While he does not know much about his great grandfather beyond the fact that he was the President of Venezuela, he is impressed by the fact that the man did not have much when it came to a formal education despite achieving such greatness in his country.
Muere Julio Rosa, el niño con leucemia que luchó para concienciar sobre la donación de médula
Un valiente. Descanse en Paz.https://t.co/pOEjlwsuh7
— Alejandro Betancourt (@BetancAlejandro) September 4, 2019
Eric Lefkofsky is a 49 years old gentleman who has launched at least five companies, each worth a minimum of $250 million. Tempus is one of his most significant investments as it uses data to solve cancer-related issues.
After Eric Lefkofsky’s wife was diagnosed with breast cancer, he realized that very little data was used to contribute to her care. This ultimately launched Tempus, whose goal is to analyze information and thus help doctors customize treatment for each cancer patient.
A doctor collects a tumor sample and sends it to Tempus for genomic sequencing. Consequently, Tempus identifies the reason behind cell growth and division. This analysis helps doctors to prescribe better treatment other than chemotherapy.
Although genomic sequencing costs between $1000 and $5000, Tempus loses money while doing it. Why? Probably because they do extensive analysis contrary to what other organizations do. Nonetheless, the company has licensed its library to insurers, researchers, and drug companies, and it increases their revenue. In fact, it collects seven figures from seven out of ten leading drug companies.
Several people have invested in Tempus with the hope of achieving better results on cancer, depression, and diabetes. It has, however, published less than 20 peers reviewed manuscript in four years while its competitor has published 400 in nine years.
Eric Lefkofsky’s journey started at the University of Michigan. He studied history but ventured into entrepreneurship as he began by selling carpets. He later co-founded InnerWorkings, which was a marketing company. He then started a transportation company, Echo Global Logistics, and MediaOcean, an advertising software.
Groupon is another company that he invested in, and it’s known as one of his most significant achievements, as illustrated by the $1.6 billion in revenue collected in 2016. Eric Lefkofsky has done other projects from different industries, and all the experience has led to the creation of Tempus. He hopes to produce more data following the genomic sequence his company is predicted to carry.
Tempus has made a significant milestone as it is currently working with 30% oncologists from the USA. Find out more about Eric Lefkofsky: https://newsblaze.com/business/latest-business/eric-lefkofsky-about-tempus-at-bloombergs-the-year-ahead-summit_146430/
Under Armour CEO and founder Kevin Plank formed the company making football players undershirts that were sweat wicking in his grandmother’s basement. The brand has always focused on products that perform. The company recently began to admit that it wanted to compete with Adidas and Nike.
Attempt to Be More Competitive
Kevin Plank’s company would have to manage style and make the products work everywhere instead of just inside the gym. The efforts which include collaborating with Tim Coppens for a sportswear line did not go over as well as Under Armour hoped. Kevin Plank is looking at the past performance to find the success in the future.
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Kevin Plank Easing Investor’s Minds
Founder of Under Armour Kevin Plank has told Under Armour investors that the company was going to double the efforts for performance. IN 2018 the company’s sales increased to over $5 billion, a gain of just over 4% as a result of international business. The company and Kevin Plank experienced a slowdown after years of record growth and it now trying to get momentum back.
Attempting to Jumpstart Sales
Focusing on performance might not be the best way to give sales a boost or the easiest. Over half of sales were to U.S. consumers who are buying athleisure inspired by sports. The consumers are not buying items that are purely performance at the same rate. NPD Group, a research firm, reported that sales for performance footwear were decreasing and had been for three years. Over half of those who use active footwear do not exercise at all. Less than half of the people use sports shoes for sports.
Performance Not Top Attribute
The results found by the NDP group show that people are not necessarily looking for performance when they buy activewear or footwear. This is a challenge for Under Armour as a brand that is based on performance. It is not impossible for a brand focused on performance to succeed but they have to be aware of the trends and desires of shoppers.
Wes Edens is, as of now, a popular figure in the sporting world. Wes has been able to transform Bucks to a top competitive team in the league. Bucks is at the moment on top of the ‘Eastern Conference of the National Basketball Association.’ They are even viewed as serious title challengers against a strong team like ‘Golden State Warriors.’ They have built a new stadium, expanded merchandise sales and extended their brand around the world. This growth has been greatly contributed by one of their quality players know as Antetokounmpo. After a successful venture in the basketball scene, Wes has his eyes focused on the global sports. He has bought a majority of shares in a promising soccer team in England.
The team is in England’s most elite league (Premier League), which has turned out to be one of the most respected and revered leagues around the globe. The league has featured top talents over the ages, like Thierry Henry and Christiano Ronaldo. Premier League teams generate millions of dollars annually through partnerships, player deals, merchandise, endorsements, and matches. Proprietorship in the premier league acts as a smooth path for great returns. It’s a worthwhile opportunity for any investor, for example, Wes, who saw the potential and value of his new investment. So Wes decided to make use of this rare opportunity of investing in these rewarding teams.
Wes Edens has a majority of stake in the ‘Aston Villa Football Club.’ At the moment the team is fighting for its position in the Premier League. Most competitive teams contend in this league, which is closely followed by many people across the globe. The premier league is highly competitive, and teams that register poor results can be kicked out at the end of the season. Wes Edens is a graduate of the University of Oregon State. He has his broad experience in the investment market of the United States. Additionally, he has a role that he plays in the Fortress investment group. Fortress Group has worldwide recognition as the most innovative investment and forward-thinking investment group globally. Wes Edens is one of the Fortress Group board members, where he guides the direction that the company will take into the future.
Learn more: https://www.newfortressenergy.com/about-us
International businessman Sudhir Choudhrie is best known for his entrepreneurial accomplishments, but his wide array of side interests arguably qualify him to be considered a true Renaissance Man of our day. Sudhir is a published author. His recent book, From My Heart, is selling well and tells the incredible story of his ordeal in undergoing a heart transplant in 1998. He remains among the longest survivors of this procedure in the world today. His heart transplant was performed at Columbia University Medical Center in New York by the famous TV personality, Dr. Mehmet Oz.
His impressive gratitude for the excellent care he received at Columbia University prompted him to donate $2.5 million to establish a professorship of cardiology at the school. He also generously supported HealthCorp, a health program for young people spearheaded by Dr. Oz. Sudhir is a noted published poet and ardent patron of the arts. Along with his wife, Anita, Sudhir Choudhrie established the Stellar International Art Foundation. This nonprofit entity holds more than 600 pieces, including works by Andy Warhol, Picasso and Renoir. The Stellar Art Foundation also provides support for artists in Asian nations and gives them greater opportunity to display and sell their work in western nations.
In addition to his passionate interest in the arts and literature, Sudhir Choudhrie is an avid collector of vintage automobiles. His fascination with cars dates back to his early childhood when he collected toy Matchbox and Dinky cars. Several decades ago he made his first project purchase – a 1938 Mercedes convertible found in a junkyard. Mr. Choudhrie became enamored with the idea of restoring the Mercedes to pristine condition. Little did he know the project would take years.He discovered that the car had been custom made. That made finding parts and other original replacement equipment an epic effort requiring a world search and painstaking innovation. The project was eventually completed, however. The experience was so fulfilling, Sudhir Choudhrie knew he had found a lifetime pursuit. He currently holds a collection of 37 restored vintage automobiles at a garage in his native Delhi, India.
It’s been a long-simmering debate in the realm of college athletics. Sports teams, and especially the high-profile stars of nationally-ranked teams, generate millions of dollars for the colleges and universities they play for, but the athletes themselves don‘t receive a dime.
A classic example was the enormous popularity of Tim Tebow, the quarterback for Florida State University and winner of the Heisman Trophy. Sales of his jersey alone made Florida among the top three universities in the country for merchandise sold. That figure (which includes all merchandise) was nearly $6 million. But Tebow didn’t see a penny of it.
Now the owner and CEO of a major athletic apparel company said it’s high time the system is changed. Kevin Plank is the founder of Under Armour. He told reporters recently that athletes should receive compensation when their names, images or likeness are used to make money for others. Companies like Under Armour and Nike also benefit from the arrangement because they contract with the universities to manufacture, promote and sell merchandise using the popularity of star student-athletes.
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The entrepreneur said the current system is not fair. He said the using athletes to generate millions in profits while they get nothing is hypocritical. The amount of money associated with the selling of college sports stars is astronomical. For example, UCLA recently inked a $280 million deal with Under Armour.
While it’s true it helps athletes by providing them with first-class sporting facilities, equipment and training, Kevin Plank thinks the athletes themselves are being left out in the cold. Even if the top tier athletes are getting their college paid for by sports scholarships, Plank said the situation remains patently unfair.
There are signs that the system is changing. For example, the California legislature recently passed its Fair Play to Play Act. It will allow student-athletes to sign endorsement deals, hire agents and enter into licensing contracts. The NCAA has come out strongly against the bill, but Kevin Plank is in favor of it.
Kevin Plank played football in NCAA Division I for the University of Maryland Terrapins during his college career.
Sujit Choudhry is an international scholar who has attained tremendous success in the interpretation and experience of the practice of law. Born in Delhi, India, Choudhry was heavily influences by his mother and father who constantly read him local newspapers and the CBC radio station throughout his childhood in Toronto, Canada. Although he is the first Indian native dean of a top law school, Sujit Choudhry’s greatest accomplishment has been his speeches and written works about constitutional law and it’s relation to several global issues.
With his vast knowledge of many cultures, Sujit Choudhry approaches constitutional law with a unique point of view. His messages and writings have been cited by several influential members of global society including the United Nations. Choudhry’s experience has afforded him the opportunity to serve as a consultant on the development of constitutions for various countries including Egypt, South Africa and Sri Lanka. As founder and director of the Center of Constitutional Transitions, he has participated in the essay collection entitled “Territory and Power in Constitutional Transitions” which depicts the challenges that disputes over territory lines presents with the creation and implementation of a constitution.
The essay collection “Territory and Power in Constitutional Transitions” includes case studies that provide a view about the real-life effects policy has on a nation. The text explores constitution policies of several countries and offers recommendations of how to best proceed with the creation of a constitution for a newly established government. Sujit Choudhry edited the collection in collaboration with George Anderson, a fellow United Nations consultant.
The influence of educated scholars in the field help newly formed nations to establish a constitution that provides a foundation for a prosperous future. New leaders can reference works such as “Territory and Power in Constitutional Transitions” for explanation of constitutional law and advice on the complex nature that is involved with its inception. The new governments can draw from the vast experience and knowledge of scholars in constitutional law such as Sujit Choudhry.
Read more here https://en.wikiquote.org/wiki/Sujit_Choudhry
When it comes to diversification, JD.com is perhaps the perfect example of this trend. Although the company never sold agricultural products on JD official website before, they have currently tapped onto the market. Their zeal to succeed in the agricultural sector was driven by the unmet needs that they saw in the Chinese market. Eventually, their efforts have culminated in them delivering apple and kiwifruit harvest to China from New Zealand.
Sales Driven by Dynamic Consumer Preference
JD.com’s market entrance has strengthened their ties with other critical players such as Rockit Global Limited and Zespri. One of the main factors that has contributed to the success of JD.com’s retail in fruits is the change in consumer tastes. Over the years, the majority of JD.com’s customers have preferred to consume imported high quality products as opposed to locally available produce. Data available form their database proves that a large portion of JD.com’s sales emanated from fruits imported from overseas. The 20% increase in imports was due to the need by their middle class and younger customers’ inclination to keenly watch on their nutrition and health. Available data reveals that exports from New Zealand to China have increased exponentially by over 80%. The sales currently stand at NZ$ 606 million.
Market Growth Spurred by Fruit Exports
New Zealand’s most famous export to China is Kiwifruit. Such positive indications point out that horticulture is a vital part of New Zealand. For instance, the industry currently employs more than 18,000 people in New Zealand alone, with over 2,600 growers of Kiwifruit in New Zealand. Another factor that has led to an increase in sales is the setting up of a flagship store on JD.com by Zespri. Such moves have enabled Zespri to tap into different consumer groups and increase their market share. Additionally, they have also expanded their footprint to include sales through Jingdong’s offline store, 7Fresh. Doing so has enabled Zespri to utilize the services of the top largest e-retailer in China.
The entry of Rockit in Jingdong
Not to be left behind, Rockit Global also realized the importance of setting up shop on JD.com. Subsequently, they have managed to tap into the Chinese market by launching their a flagship store, Rockit Apples on Jingdong.
Read more: https://ir.jd.com/liu-qiangdong-jd-ceo-about