Bank of America has gone massively digital and it is now powering their growth. “We had a billion and a half logins to our apps last quarter,” says Bank of America CEO Brian Moynihan. “This is not theoretical. We are one of the largest digital companies. We are also one of the largest physical companies. It takes both high-touch and high-tech.”
Making the decision to in 1998 to sell the main divisions of Au Bon Pain and focus all resources on the company’s lowly Panera brand became the most stressful year and a half ever for Panera founder and former CEO Ron Shaich. Ultimately, Shaich says, even though there was “blood on the floor” initially, the stock is up a hundredfold.
Online marketing sensation Dan Lok says that when it comes to marketing online, there are only two things, conversion and traffic. That’s it. “To convert the right attention, to convert followers and likes into money, in between you a need conversion mechanism,” says Lok.
There’s a big business to be built just on the medical side of legal marijuana says legendary technology investor Geoff Lewis. Lewis was an early investor in Tilray which recently had a hugely successful IPO of which he was pleasantly surprised.
Prolific entrepreneur Jon Taffer who is the producer and host of the popular TV show Bar Rescue says that the most common denominator of failure is excuses.
Entrepreneur and successful motivational speaker Patrick Bet-David says that there are two groups who really make America work, Patriots who put their life on the line and entrepreneurs who put their salary on the line. He says that entrepreneurs choose choice over force and despite anxiety, they do it because they don’t want to live an average and ordinary life.
The outlook is pretty rosy for retailers this year. The high consumer confidence and low…
Search expert Barry Schwartz reported in his weekly video update that there are early signs that Google is rolling out another search algorithm update this morning.