How One Company Built Philanthropy Into Their Business Model

It all began when RoHo founder, Caleigh Hernandez, fell in love with a pair of beautiful beaded leather sandals in a craft market in East Africa. She brought several for herself and her mom. They were so impressed with these sandals; they began a year-long quest to find something similar in quality in the area, which led them to coastal Kenya.

RoHo’s products are handmade by over 400 artisans in Kenya, with over 95% of women. The line includes beautiful beaded leather sandals, cowhide rugs and pillows, Binga baskets, jewelry, and more. The company strives to use what they sell to break the cycle of poverty by helping people help themselves. RoHo sandal artisans are paid 50% higher than the industry standard, and they are currently providing 16 education grants to send their artisans’ children to quality local schools. They also ensure 100% of their artisans are above 18 years old.

RoHo is Swahili for ‘kindness and spirit,’ which is something the company is striving for. Since it’s formation, they have been recognized for their work and this kindness as well. They have won several awards and accolades for our efforts. These include the Spirit of Entrepreneurship’s 2019 Giving Back Award, Women’s Economic Ventures’ 2019 Business of the Year, National Association of Women Business Owners (NAWBO) ‘s 2019 Entrepreneur to Watch, and Pacific Coast Business Times’ 2019 Think Global Award.

RoHo’s Various Missions

Kenya has a population of 44 million people, and over 40% live below the poverty line. Unemployment rates are high, especially amongst women and other marginalized groups. Consistent and fair paying work is even harder to come by. RoHo has partnered with four artisan groups across Kenya to create consistent, proper paying work for our artisans, most of whom are women.

“At RoHo, we aim to bring about meaningful change through beautiful products,” Ms. Hernandez said. “I witnessed cyclical poverty because people are stuck in their relative positions while working for nonprofits across East Africa.”

According to RoHo, providing quality jobs to skilled artisans is key to supporting community development. An employment for their artisans means more than just a paycheck—it creates opportunities and stability in a household and a chance to invest in the futures of the artisans’ children.

“We asked our original artisan group, the sandal makers based in Malindi, Kenya, how we could better serve them,” Ms. Hernandez explained. “They responded that lack of quality education was one of the largest contributors to poverty in the area, so we decided to provide educational opportunities for their children.”

“We also control international distributions for a Fair Trade group of 280 Maasai women in the south of Kenya,” Ms. Hernandez continued. “There’s already a nonprofit operating in the area Africa Schools of Kenya (ASK), that provides scholarships for local children. So we have partnered with ASK to offer scholarships to

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How Tony Hsieh Used Happiness as a Business Model To Change the World Forever

If you have visited Las Vegas anytime within the last 15 years, you may have encountered Tony Hsieh. His influence was everywhere in the city — nowhere more evident than in his beloved downtown.

The former CEO of Zappos, he was as quiet and unassuming as he was brilliant. A regular at many local establishments — many that he invested in personally — if you walked past him you might not have known he was the billionaire, philanthropist, and inspirational figure that singlehandedly changed the face of customer service forever.

If, however, you lingered for a bit, you would have gotten a sense of the indescribable presence he carried. Behind his eccentricities — the ever-present Fernet-Branca, the pet alpacas, his famously low annual salary at Zappos, his home inside his own tiny communal trailer park — this feeling of something “greater” is what knitted his tribe together.

My first encounter with Tony was a story similar to many others, with an email directly from him, inviting me to come to Vegas. He was a fan of Evernote, and used it religiously, he said. He admired my work as the head of Global Support and had seen how I’d grown the company. He asked if I’d like to see how they did things at Zappos sometime. I took him up on his offer and was blown away.

When there, he explained how they treated every customer the same — no matter how much they spent on the site — and spoke with pride of a multi-hour support call to ensure someone got the right shoes for an important event. He also told me of how they were about to move from Henderson to a new location in downtown Las Vegas. He was excited at the prospect.

A few years later, when I was ready to leave Evernote, he funded my company ROCeteer, to act as coaches and mentors to his nascent portfolio of companies. Many of these were first-time entrepreneurs and needed people they could trust to come in and provide assistance where needed. As startups usually don’t have the money to hire consultants and coaches, he essentially created an incubator through us. By working in tandem with his Downtown Project, we were given a foothold in the city at a time when it needed a boost.

Never really belonging in a board room, he was an inspiring figure to the misfits, the outcasts, the dreamers — a spiritual successor to Steve Jobs. He famously caused tension at Zappos by switching the company to a flat organizational structure called “Holacracy” and offering employees a buyout if they didn’t want to get onboard.

Through the years, I’ve gotten to meet many of the entrepreneurs Tony invested in. Frequently through just a chance meeting, Tony would provide seed funding based on a gut feeling he had. This is a story you’d hear over and over again — he wasn’t investing in companies, but in people.

And what he was most passionate about was

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How the former Zappos chief’s unusual leadership style defined a business

This weekend, the entrepreneurial world was rocked by the news that Tony Hsieh, the former chief executive of shoe retailer Zappos, has died, aged just 46 years old.



Tony Hsieh holding a sign posing for the camera


© Provided by Smart Company
Tony Hsieh

The entrepreneur reportedly died in hospital from complications related to injuries sustained in a house fire earlier this month.

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“Delivering happiness was always his mantra,” a statement distributed on behalf of DTP Companies, which Hsieh was working with, said.

“So instead of mourning his transition, we ask that you join us in celebrating his life.”

In a statement to Zappos staff, current chief Kedar Deshpande also spoke of the “tremendous impact” Hsieh had both on the business and those who worked with him.

“The world has lost a tremendous visionary and an incredible human being,” Deshpande wrote.

“Tony played such an integral part in helping create the thriving Zappos business we have today, along with his passion for helping to support and drive our company culture.”

Online tributes remember Hsieh as a revolutionary, a cultural leader and an inspiration as an entrepreneur and business leader.

“Your curiosity, vision, and relentless focus on customers leave an indelible mark,” Amazon founder Jeff Bezos wrote in a tribute on Instagram.

Something of an eccentric, he is also remembered for his work on regenerating Downtown Las Vegas, where he transformed an abandoned car park into a co-living space inhabited by some 30 Airstream trailers and tiny homes, plus a couple of alpacas.

But, what was it about his leadership style that stood out so much?

Hsieh co-founded online ad network LinkExchange, which he sold to Microsoft for a reported $265 million in 1998.

In 1999, he joined fledgling online shoe retailer Zappos as chief executive, and 10 years later oversaw its sale to Amazon for $1.2 billion.

In August, he retired after more than 20 years at the helm of Zappos.

Hsieh was reportedly focused on maximising profits long-term, by focusing on company culture in the short term.

In 2015, he introduced a holacracy structure for the business. Employees had no assigned roles or job titles, there were no managers and no hierarchy, and staff enjoyed the flexibility to take on different tasks and move between teams.

It’s a decentralised system reportedly inspired by the idea of creating a city-like structure, intended to help boost productivity, and avoid getting bogged down in bureaucracy as a business grows.

“Every time a city doubles in size, productivity per resident goes up 15%,” he has said.

“The whole system just works, and it’s really resilient and flexible — whereas companies see productivity per capita fall as they grow.”

With about 1,500 staff members on board at the

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Heya features high-profile talks on fashion business

The Heya Arabian Fashion Exhibition has returned with its 17th edition, presenting a series of events showcasing the latest in Arabian and modest designs, as well as valuable insights into the business of fashion. 

A popular platform for Qatari designers to showcase their latest collections, this year’s event includes a series of talks covering topics from design to innovation and entrepreneurship.
“Heya is bringing together local talent to educate and entertain audiences in Qatar, and to offer up and coming designers the opportunity to learn from industry leaders, while contributing to the economy,” Qatar Business Events Corporation (QBEC) CEO Ahmed al-Obaidli said in a press statement.
“We are pleased to present a diverse and inspirational programme of talks this year, in collaboration with our partners across the public and private sectors, with the aim of developing synergies between designers, entrepreneurs, aficionados, and students, and furthering Qatar’s burgeoning fashion business,” the official explained.
Each day features talks, providing opportunities to network, learn and be inspired by the best of Arabian and modest fashion.
The opening day of the event hosted by Qatar National Tourism Council, included a session by Maha al-Sulaiti, acting director of M7, a creative startup hub established by Qatar Museums.
The session highlighted M7’s role in cultivating opportunities for small businesses and empowering designers to explore, collaborate, and grow into successful entrepreneurs.
Led by Amal Ameen, founder and CEO of Amici Di Moda, along with media personalities Ola Al Fares, Asma al-Hammadi and Al Ftoon al-Janahi, ‘Abaya Talk’ focused on modest fashion’s role in shaping the industry into a significant retail sector, and how it has helped empower women.
A talk show entitled ‘Flowers & Fashion’ by Khadeja Ahmad Albuhaliqa, co-founder of Henks gardens, celebrated the role of flowers in inspiring designers throughout the years.
On day two of the exhibition (November 28), Dana Riad, founder and CEO of Dana Riad House of Fashion, hosted a discussion entitled ‘From Concept to Runway, behind the Scenes’ while Harriet Gyamfuah, Public Relations director of Creative Amplified; and Abla Sebak, CEO of Noir Group, spoke about the power of public relations in fashion.
Day three of Heya (yesterday) featured a talk on scaling up your fashion business, focusing on the opportunities, programmes and entities that support budding fashion entrepreneurs.
Panellists included Aysha al-Romaihi, head of Strategic Initiatives and Business Collaborations at Qatar Business Incubation Centre and al-Sulaiti.
As with many of QNTC’s exhibitions, young talent played a prominent role at Heya. A talk on ‘What is it like to study fashion in Qatar’, brought together alumni of Virginia Commonwealth University School of the Arts, Roda al-Marzouqi, Jude Zahran, and Lauren Morell.
Sustainability, of great import to Qatar, was also a key theme, with a discussion of ‘Sustainable Luxury Fashion’. Panellists included Sonali Raman from Virginia Commonwealth University (VCUarts) Qatar, Sakala A Debrass and Kim Wyatt, with the talk drawing many attendees.
“We are thrilled to be part of Qatar’s premier fashion event again this year. For close to two decades, we’ve

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Business Editor’s Notebook: Tech Alliance sees virtual model key to its future | Business Notebook

WHILE GOING VIRTUAL might be a temporary measure for nonprofits while COVID-19 curtails public events, it’s the path forward for the New Hampshire Tech Alliance.

A four-day Innovation Summit that begins Monday likely will be the alliance’s business model for years to come, its leaders say.


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Small business shopping feels nearly normal at outdoor City Foundry STL market | Local Business

Because the response was so overwhelming, the foundry decided to host a second day next Saturday. Almost all tickets for that event have been reserved and the foundry was working with the city to open more slots, Weaver said.

Most-read stories in this section

City Foundry STL’s asset manager, Will Smith, said the foundry hopes to host as many outdoor events like this as they can, weather permitting.

Patty Upchurch of Patty’s Cheesecakes (slogan: “We make you cheese”) will have a spot in the food hall when the foundry opens in the spring. She had a booth at Saturday’s market and said business has been good there and beyond.

“Thanksgiving was crazy,” she said. She thinks people know it’s important to support local, especially during the pandemic.

“It’s a way to still have community and be connected,” she said. And the fact that most of her cheesecakes are individual servings that can be wrapped for safe sharing also helps, she said.

Megan Ludwig volunteers for Forai, a nonprofit that supports and trains refugee women who make jewelry and other gifts. She sat at its booth Saturday and said business was steady.

“It’s definitely been tough,” she said. She said the nonprofit mostly relies on markets and has been trying to make do with online sales and its annual fundraiser, which had to go virtual this year.

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Kiplinger’s Personal Finance: Great credit cards for holiday shopping | Business News



kiplinger-spending-20201127

Consider using a rewards credit card for holiday shopping.




As you dive into holiday shopping, get some extra oomph from your spending by using a rewards credit card that provides additional cash back or points at the retailers — or retailer websites — you visit most.

The Discover It card, for example, provides 5% cash back on up to $1,500 in combined purchases at Amazon.com, Target.com and Walmart.com in the fourth quarter of 2020 (1% on all other spending). Quarterly categories for 2021 haven’t been announced, but bonus categories in 2020 included grocery stores, gas stations, wholesale clubs and restaurants.

For rewards on a broader variety of online purchases, consider the Bank of America Cash Rewards Visa.

You choose one of six categories that earn 3% cash back, including online shopping, gas, dining, travel, drugstores, and home improvement and furnishings — and each calendar month you can change the category.

The card also offers 2% back at grocery stores and wholesale clubs. After you spend $2,500 combined in the 2% and 3% categories each quarter, you get 1% back on purchases in both categories. All other spending earns 1% back.

The branded card of a retailer you are loyal to might have strong rewards.

The Amazon Rewards Visa offers 3% cash back on Amazon purchases (5% if you’re a Prime member), and the Capital One Walmart Rewards Mastercard provides 5% back at Walmart.com and 2% at Walmart stores (5% in-store the first 12 months if you use Walmart’s mobile payment app).

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Royalty Pharma: Business Model May Be Oversold, But Shares Are Undervalued And Could Trade >$80 (NASDAQ:RPRX)

Investment Thesis

Royalty Pharma (RPRX) IPO’d in June, selling ~72m shares at a price of $28 per share, earning the company ~$1.9bn after underwriters discounts and fees were deducted.

This is a substantial raise for a biotech focused company – in fact it is more than three times the size of the largest ever pure biotech IPO – Moderna’s – which raised ~$604.3m back in December 2018. But in actual fact Royalty acts more like a fund manager than a biopharmaceutical in terms of how it is set up and how it operates.

The company makes strategic acquisitions of royalty streams related to the drug development process. Typically, a biotech developing a new drug may partner with a large Pharma company, who will assume responsibility for the development, commercialisation and marketing of a promising drug candidate, investing much larger sums than the smaller biotech can, but also making milestone payments to the biotech as it hits development and commercialisation targets, and agreeing to give the biotech a portion – usually in the mid-teen percentages – of all future global sales, known as a royalty.

It is these royalty streams that Royalty – as its name suggests – then buys form the biotechs, in exchange for an up-front payment.

Extract from Royalty Pharma IPO prospectus describing how royalties work.

After being in existence since 1996, Royalty has taken the decision to go public, presumably to raise substantially more funds and increase its purchasing power. Besides its IPO funding, the company has issued ~$6bn of debt at a coupon of just 2.125% – substantially lower than the 3.19% average for the BioPharma sector – with a 12.3 year maturity (BioPharma median is 11.5 years).

Royalty is headquartered in the United Kingdom and has a highly complex ownership structure. Based on detail from SEC submissions, my understanding is that Royalty Pharma plc operates and controls the interests of Royalty Pharma Holdings, which is the sole owner of the Irish collective asset management entity Royalty Pharma Investments 2019 ICAV. “RPI”, as it is known, has a wholly-owned subsidiary RPI Intermediate FT which owns 82% of “Old RPI”, which has further subsidiary holdings. The complexity is doubtless related to optimising tax treatment, and prospective investors in Royalty may need to check what the regulations are around holding this stock.

Royalty’s thesis is that it can play a useful middle-man role in the drug development process – helping out a biotech with liquidity via lump sum payments, and receiving its complex royalty arrangements in return, which it is able to better manage thanks to its financial knowhow and deal structuring capabilities.

Although this perceived mutual benefit may sound slightly disingenuous (if the royalty streams are so valuable, why would a biotech or research centre want to part with them?), Royalty has been in this business a long time, and some of its assets, as I will discuss in this article, relate to sales of some of the world’s best-selling drugs. In 2006, for example, Royalty acquired

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‘It’s definitely a different vibe’: Pandemic casts pall over in-person shopping on Black Friday | Local Business News

Online sales could enjoy a sharper uptick heading into the holidays. Black Friday is projected to generate $10 billion in online sales, a 39% bump from the year ago period, according to Adobe Analytics, which measures sales at 80 of the top 100 U.S. online retailers. And Cyber Monday, the Monday after Thanksgiving, will remain the largest online shopping day of the year with $12.7 billion in sales, a 35% jump.

Tulsan Drew Yamashita said he typically isn’t enticed by Black Friday bargains. But he and friend Lauren Katz joined a virtual waiting list at Lululemon, an athletic apparel store on Brookside, at about 8:50 a.m.

“We were driving by after the gym, so we stopped in,” he said. “We normally do most of the stuff online, but something is on sale here that we’d like to get.”

Major retailers have been offering discounts for more than a month to mitigate the post-Thanksgiving rush to stores.

Lindsay Rodgers of Tulsa and Brandie Loftis of Cushing began their shopping at 5 a.m. and were spotted at Utica Square several hours later.

“Smaller crowds, less stores open not as early,” Rodgers said, summing up the experience.

Both added they preferred shopping in-person.

“We’ll go home and do the online later,” Rodgers said.

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Global Men’s Rock Climbing Clothing Market Size Analysis 2020 with Covid-19 Impact on Share, Estimated CAGR 12.04%, Business Growth Forecast to 2025

(MENAFN – The Express Wire) Global Men’s Rock Climbing Clothing Market Size Analysis 2020 with Covid-19 Impact on Share, Estimated CAGR 12.04%, Business Growth Forecast to 2025

Posted on Nov 27 2020 11:47 AM

“Men’s Rock Climbing Clothing Market report monitors the key trends and market drivers of industry. Report analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. It also offers insights of global key players – Arc’teryx, The North Face, Black Diamond, Climbing., Etsy.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

New Report on ‘ Men’s Rock Climbing Clothing Market delivers key insights of current market status, competitive landscape, market outlook by top key players. The research report offers important factors driving the growth of the market, untapped opportunities for market players. It includes inquiries based on historical records, current statistics, and futuristic developments. Based on a detailed analysis of the industry’s key dynamics and segmental performance, the report offers an extensive assessment of demand, supply, and manufacturing scenario.

Get a Sample Copy of the Report at –  [To enable links contact MENAFN]

Men’s Rock Climbing Clothing Market Analysis:

The Men’s Rock Climbing Clothing market revenue was 1069 Million USD in 2019, and will reach 2116 Million USD in 2025, with a CAGR of 12.04% during 2020-2025. Men’s Rock Climbing Clothing cover a wide array of clothing and gear for gym, including Jackets, Pants, Shirts, Shorts, and others.

The report also includes detailed information about the market players that are operating in the market. Some of the major industry players that are listed in the report include:

  • Arc’teryx
  • The North Face
  • Black Diamond
  • Climbing.
  • Etsy
  • Gramicci
  • Patagonia
  • Marmot
  • Outdoor Research
  • PRAna

Scope of Men’s Rock Climbing Clothing Market Report:

  • This report provides an analysis of the impact of COVID-19 on the global economy and the Men’s Rock Climbing Clothing industry.This report also compares the markets of Pre COVID-19 and Post COVID-19.
  • Men’s Rock Climbing Clothing market report covers the analysis of the impact of COVID-19 from the perspective of the industry chain.
  • In addition, consider the impact of COVID-19 on the regional economy.

To Understand How Covid-19 Impact Is Covered in This Report  –  [To enable links contact MENAFN]

Segmentation by Types:

  • Men’s Jackets
  • Men’s Pants
  • Men’s Shirts
  • Men’s Shorts
  • Others

Segmentation by Applications:

  • Casual
  • Hiking
  • Multisport
  • Snowsports
  • Running
  • Others

Years considered for this report:

  • Historical Years: 2015-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Period: 2020-2025

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2025) of the following regions are covered:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

Inquire or Share Your Questions If Any Before the Purchasing This Report – [To enable links contact MENAFN]

Key inclusions of the Men’s Rock Climbing Clothing market report:

  • Imprint of COVID-19 pandemic on the growth matrix.
  • Major market players operating in the industry.
  • Statistical analysis of sales volume, industry size, and total market revenue.
  • An
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