Tupperware could go out of business, here’s why
Tupperware is an American kitchen classic, but the brand recently warned it could soon be out of business.
The reusable containers have been a home cooking staple since 1946 and swept the nation with early trends like Tupperware parties in the ’50s through the ’70s. In recent years, however, they’ve been less popular with younger generations.”
In a regulatory filing earlier this month, Tupperware said it had “substantial doubt about the company’s ability to continue as a going concern.”
“Further,” the company stated in a press release on April 7, “due to the challenging internal and external business economics, coupled…
Why You Should Incorporate Twitter Into Your Marketing Plan
Opinions expressed by Entrepreneur contributors are their own.
Social media has become an integral part of marketing strategies for most companies. However, despite its popularity, Twitter is often overlooked by companies in their marketing efforts. This is surprising, considering Twitter’s unique strengths and capabilities that can help companies reach and engage with their target audience. In this article, we will discuss how Twitter is often overlooked by companies in their marketing strategies and why it’s important to incorporate Twitter into your business’s marketing plan.
One of the main reasons why companies overlook Twitter is that they perceive it as a…
A Freelancer of a Certain Age
Freelancing is traditionally a young person’s game. It takes a certain amount of bravado and a devil-may-care attitude to throw caution to the wind and strike out on your own as a freelancer. No steady paychecks, clients that may come and go (if you have any clients at all), and your success is entirely dependent on your own personal marketing prowess. That’s difficult to do when you’re near retirement age, and you’ve spent your whole working life in the traditional employee/manager environment.
That is precisely the cliff I dove off of head-first last year. At the age of 55, I…
Food storage brand Tupperware warns it could go out of business
Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shops.
In a release dated April 7, the Orlando, Florida-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.”
That same day, Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment to maintain access to the company’s main line of credit.
“If such demand for repayment was to occur, the…
How to Write a Business Plan: A Step-by-Step Guide for Success
Writing a business plan is a crucial step for any entrepreneur or business owner looking to start or grow their business. A business plan serves as a roadmap that outlines the goals and strategies for the company, as well as the potential challenges and opportunities that may arise along the way.
Writing a business plan doesn’t have to be daunting – follow our guide below for the best tips and tricks 🙂
When writing a business plan, it’s important to consider various factors such as the target market, competition, financial projections, and marketing strategies. A well-written business plan not only…
Free Resources: Managing Remote Teams
The global pandemic has completely changed the way we work with and relate to our teams in order to remain productive during these challenging times. Rick and the global IE team got together to present you with a free webinar on best practices for managing remote teams. There were a lot of great takeaways here, and we were so glad to be able to share this with you!
Here’s a quick recap of some of the key strategies we discussed:
Leadership as a coaching mindset: ask, listen, support
Leverage technology to support and deepen relationships
Connection, impact, and responsiveness
Adaptive…
How Small Companies Can Reach Global Audiences
Joe Hyrkin is CEO of Issuua leading content publishing and marketing platform.
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The local economy is going global. Small businesses and solopreneurs have access to tools that enable them to “punch above their weight” like never before. We are in an era of massive growth in the creation of tools and services—not to mention a booming distribution ecosystem. The creator economy has increased by 119% since 2020, with creators making up 23% of people worldwide.
It seems as though everyone has the opportunity to be a creator and publish content—even reaching people around the globe. As the CEO of…
Stocks wobble, Nasdaq sinks as gold rallies: Stock market news today
US stocks were mostly down, with tech stocks sinking more markedly, after another hiring report showed a slowdown in private-sector job growth and a separate print showed growth at US service providers also experienced a pullback.
The S&P 500 (^GSPC) moved down 0.25%, while the Dow Jones Industrial Average (^DJI) added a modest 0.24%. The technology-heavy Nasdaq Composite (^IXIC) dipped 1.07%.
Treasury yields moved down sharply. The yield on the 10-year note slid to 3.303%. The move came after a weak ADP payrolls report on private-sector job growth.
Meanwhile, on the commodities front, gold futures (GC=F) are hovering at their…
