In the guest chair:
This morning on The Dana Barrett Show, Dana had the pleasure of hosting two very successful businessmen. Jon Parise, Head of Customer Marketing for Kabbage, gave the inside scoop on small businesses and financial planning. Kabbage helps small businesses get the funding they need to grow. Through a fully automated platform, businesses can link their latest business data, allowing us to review the overall health of their business to approve and provide lines of credit up to $100,000 in minutes.
Kyle Valencia, Founder of MotivDeals Fundraising dished about how MotivDeals partnered with Lakepoint Sports and what’s next for his business. MotivDeals Fundraising is the digital version of those plastic fundraising deal cards. Organizations are now selling memberships to MotivDeals and their supporters are getting local deals on their smartphone.
LakePoint is on track to be one of the world’s largest and most unique destinations for travel sports. With more than 1,400 acres nestled in the foothills of the North Georgia Mountains and adjacent to beautiful Lake Allatoona, LakePoint will feature state-of-the-art sports venues and five million square feet of amenities including onsite hotels, restaurants, themed retail, bowling, ziplines, water parks and much, much more.
In the national headlines:
- ‘Star Wars: The Force Awakens’ has broken a box-office record. The movie took in an estimated $238 million in the US in its first weekend, plus a near-record $279 million overseas. The record was held by Jurassic World earlier this year, but it is noteworthy that the “The Force Awakens” broke the domestic opening weekend record in December, when audiences are usually considered to be distracted by holiday shopping. Most $100-million-plus openings occur in the summer. The prior record for a December opening weekend was $84.6 million for “The Hobbit: An Unexpected Journey” in 2012.
- General Electric says it is postponing a decision until next month about whether it will move its headquarters from Fairfield, CT. The corporate giant had previously said it planned to decide by the end of 2015 whether to leave Connecticut.
- Toshiba is likely to post a net loss of roughly $4.1 billion in the current fiscal year owing to heavy restructuring costs after an accounting scandal, according to the Wall Street Journal The company’s unit focusing on consumer products such as personal computers and televisions has long been troubled and already posted heavy losses in the first half of their fiscal year, which ended Sept. 30.
In the local headlines:
- Wal-Mart says it will give 58,900 additional raises to associates across the state of Georgia, which will increase the full-time average hourly wage to $13.64 an hour, and the part-time average hourly wage to $10.47 an hour. The raises will take place by February 2016. Well done Wal-Mart – but Dana will still probably not shop at Wal-Mart.
- Atlanta based SecureWorks Corp. filed a registration statement with the SEC proposing an initial public offering of its Class A common stock. The number of shares to be offered and the price range have not yet been determined. SecureWorks was acquired by Dell in 2011 for $612 million who then went private in 2013.
- TWELVE Atlantic Station Hotel and TWELVE Centennial Park Hotel were both purchased by a partnership of local companies Global Management & Investment and Compass Real Estate. They paid $46 million for the two properties. The hotels – built in 2006 and 2007 respectively will be rebranded as a Marriott Autograph Collection.
- Rutherford Seydel, attorney, conservationist and co-owner of the Atlanta Hawks, has acquired a minority share in Uncle Maddio’s Pizza and will serve as an advisor to the board.
- Tesla is set to open its fourth store in Georgia at Avalon in Alpharetta. The roughly 3,000-square-foot store is expected to open in March – right around the time they expected to introduce the $35,000 Model III sedan.
Join us Monday, January 11th for the next meeting of The Dana Barrett Show Business Book Club! This month’s selection is THE ROAD TO CHARACTER by David Brooks. We’ll talk leadership and the line between the “Big Me” and our own inner, personal values. We will meet at American Food and Beverage in Buckhead. Get all the details and sign up to attend here: http://www.meetup.com/DBShow/.
For other events and appearances, check out Dana’s event calendar: http://danabarrett.com/events/.