Business News

Emery Wells put himself on the path to a dream career by recklessly buying a $17,500 camera that he definitely couldn’t afford. Wells, 42, is the CEO of Frame.io, a video collaboration software business he co-founded in 2014 and sold to Adobe for $1.275 billion in 2021. Nearly two decades ago, he was a 25-year-old freelance video editor who’d recently quit bartending in New York to pursue a full-time film career. At an industry trade show in 2006, he watched a startup called Red Digital Cinema announce its intention to build a digital camera high-quality enough for big-budget Hollywood productions.…
Key Takeaways Mistake #1: Rushing the pitch Mistake #2: Skipping trust indicators and key differentiators Mistake #3: Talking too much and for too long Mistake #4: Forgetting who you're pitching to Mistake #5: Undermining your credibility with weak language Mistake #6: Using broad claims instead of precise data points Mistake #7: Telling instead of showing With U.S. venture capital fundraising at a 6-year low, raising investor capital for your startup has become more challenging than ever. Potential investors are tightening their budgets and adopting a "wait and see" approach before putting their capital at risk. Yet, some of the best…
Deryl McKissack is no stranger to spotting toxic traits. McKissack, 63, is the founder and CEO of Washington D.C.-based construction firm McKissack & McKissack, which she launched with $1,000 from her savings in 1990. She churned through employees who weren’t the right fit in her company’s early years and the business struggled, she says. Finding the right talent helped grow her company, which now brings in $25 million per year in revenue, according to documents reviewed by CNBC Make It. These three red flags stand out the most when McKissack is hiring employees or evaluating her current talent, she says.…
The dream of getting rich often feels out of reach, particularly if you believe that wealth requires a hefty initial investment or a lucky break. However, the truth is, many successful entrepreneurs have built their fortunes not from a windfall or a massive inheritance, but by leveraging something they already possessed: their skills. If you have a skill set you’re passionate about, you're sitting on a goldmine. Here’s how you can use what you already have to start a business and get rich: 1. Identify Your Core Skills Before diving into the business world, it’s essential to identify the skills…
Investors on the Nigerian stock market suffered a significant loss of N750 billion on Monday as bearish sentiment continued to dominate trading. The market downturn was primarily driven by heavy selloffs in the shares of Dangote Cement and Tier-1 banks, including Guaranty Trust Holding Company (GTCO) and FBN Holdings. The market capitalization, which stood at N55.132 trillion at the opening of the week, declined by 1.36 percent, closing at N54.382 trillion. Similarly, the All-Share Index dropped by 1.36 percent, ending the day at 95,781.68 points, down from 97,100.31 points recorded on Friday. This decline also led to a reduction in…
MTN Group reported a half-year loss on Monday as Africa's biggest telecom operator grappled with the devaluation of the Nigerian naira and operational challenges in Sudan. It said it was working on cutting costs and reiterated it was on track to reach a target to sell off non-core assets by next year. The company reported a loss before tax of 9 billion rand ($507 million) in the six-month period ended June 30, compared with a restated profit of 8.3 billion rand a year earlier. "The further devaluation in the naira against the U.S. dollar ... and the ongoing conflict in…
Megan Sauer Two weeks before her side hustle’s launch party, Olivia Cleary did the math: At five minutes per inch of fabric, she was running out of time to sew 20 polyester scarves. She started working on the scarves from 7 p.m. until midnight, and 5 a.m. to 8 a.m. — when she had to leave for her full-time architectural design job. She finished the edges of her “crappy little scarves” on a $100 sewing machine that sat atop a folding TV table in the New York apartment she shared with two roommates, she says. That was in June 2022.…
The federal government is targeting as much as $2 billion through the issuance of dollar-denominated bonds to domestic investors, according to the lead arranger United Capital Plc. The domestic dollar bond has a programme size of $2 billion, with series one opening on Monday (today) at a size of $500 million, the investment bank said in an emailed document. The bonds will have a five-year tenure. The bond, which is available to Nigerians residing in the country and abroad as well as local pension firms, is targeting funds from “domiciliary accounts, diaspora remittances and foreign investments,” United Capital said. Dollar…
A teen who created a soap that could "transform skin cancer treatment" was chosen as the 2024 Kid of the Year by Time magazine and Time for Kids. Heman Bekele from Annandale, Virginia, is a 15-year-old scientist "who could change how we treat skin cancer," stated Time in its announcement released Thursday. "It’s absolutely incredible to think that one day my bar of soap will be able to make a direct impact on somebody else’s life," Bekele told Time. "That’s the reason I started this all in the first place.” The teen was chosen after he created a soap that…
Jessica Chen Have you ever sat in a meeting and wondered why it feels like only two or three people dominate the entire conversation? These louder colleagues usually speak up first, share their two cents, and take up most of the meeting time. Before you know it, the meeting is over and you never said a thing. As a global communications expert, I work with a lot of smart and talented people. Even among these skilled and capable professionals, the biggest frustration I hear goes something like this: “I work hard and deliver, but I still don’t feel like I…
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Following years of research and planning, the Lagos University Teaching Hospital (LUTH) has successfully launched…
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Dubois knocks down, knocks out Joshua to retain IBF heavyweight world title

In an astonishing upset, Daniel Dubois delivered a career-defining performance, defeating former two-time world heavyweight…

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