Innholdsfortegnelse for September/October 2023 i Entrepreneur Magazine

ENTREPRENEURS often feel overwhelmed. We have too many deadlines, too much responsibility, and not enough time for it all. So here’s a way to help you feel better, and to gain the clarity you need. To start, let’s play a game. I’ll ask you to do two things. First: Quick—congratulate yourself on a recent accomplishment! Do you even have one in mind? I don’t, to be honest. “Accomplishments” are big things to me, and they don’t happen daily. So now that prompt has got me thinking about all the stuff I want to accomplish but haven’t yet. Next: Quick—congratulate yourself on saying yes to something! Is this easier? It is for me. I’ve said yes to plenty of things lately—lunch with a friend, an intriguing meeting, a potential business opportunity.…

A great business idea is worth nothing, until you can find paying customers. But how? Here’s a start: Think like the founders of Facet. It’s an online financial advisor platform that spent years (and multiple pivots) figuring out how to get members. Now it has 18,000 of them, and brings in $35 million in annual recurring revenue. Facet was partly born out of a new rule issued in 2016 (but ultimately never implemented) by Obama’s Department of Labor. It required financial advisors to become fiduciaries (meaning they must act solely in their clients’ best interests). What caught the attention of Brent Weiss and Anders Jones was a number they saw in the public comments: The planning industry said this would make services too expensive for 8 million people currently using advisors.…

At the company I lead, anyone can opt out of any meeting, at any time, for any reason—even if it’s with me. Zero judgment. Zero repercussions. The way I see it, meetings are more than just gatherings of people; they are structures to build healthy respect for people’s time and talents. I want those ideals to be core to my company. Also, let’s face it: Most meetings suck. As they’re currently conducted, meetings trigger a forceful undercurrent related to our worth. How and when meetings are requested, accepted, or run (and by whom) have an outsized impact on our sense of value. When did meetings become so fraught with subtext? And more urgently: Does it have to be this way? The answer is an unequivocal no. Let’s unpack. As CEO…

Q I have a great idea for a service, but how do I know if people want it? —SHANA, TUCSON, AZ IF YOU WANT TO create an irresistible offer, you can’t start with your solution. You must start with other people’s problems—and those problems must be big enough that they’ll pay to solve them. How do you know what they’ll pay for? Ask them! Yes, this sounds time-consuming. But it’s simpler than it sounds. Here’s an effective approach that’s worked for me: Survey people on LinkedIn, and craft an offering based on the answers you get. Here’s how. STEP 1/Create your survey. Google Forms will do fine. Your survey should read like a dialogue—you’re trying to understand their problem and desired solution. Here are a few generic starter questions, which…

As the Nikkei index rockets to heights last seen at the peak of Japan’s post-war miracle economy, investors worldwide have reached a consensus: Japan is a ‘buy.’ According to analysts from Goldman Sachs and J.P. Morgan, record gains have been driven by the high upside in Japan’s equity market, a position all but confirmed by the Tokyo Stock Exchange (TSE) itself – when it outlined plans this March to force companies trading below their book value to increase their stock prices. Another reason is Japan’s accelerated adoption of global megatrends like digitalisation, decarbonisation, and automation – Japan has the third highest robot density in the world, according to the latest data compiled by the International Federation of Robotics (IFR). But the return to form of Japanese stocks has been coming…

For a variety of societal issues, Japan is one of the first countries to address them head on—a societal issue leader of sorts. With mainstays over the decades, like disaster prevention, Japan can bring its proven technologies to the world, and for issues that have cropped up relatively recently, like power grid balancing, Japan can serve as a stage for promising technologies from abroad. Whether the past or present, Mitsubishi Research Institute has been at the crux of resolving Japan’s societal issues. Founded in 1970, on the centennial anniversary of the Mitsubishi Group, Mitsubishi Research Institute, Inc. (MRI) is one of Japan’s leading think tanks and a globally-oriented policy consultant with a unique approach to co-creating value in society. MRI provides proof of concept services for the public and private…

According to the latest quarterly ‘tankan’ – a short-term survey of Japanese businesses by the Bank of Japan (BOJ) – business sentiment has greatly improved in Q2 2023. Japanese businesses expect to increase capital expenditure and project inflation to stay above the BOJ’s planned 2% inflation for the next five years, indicating its monetary stimulus policy has paid off. To future-proof its growth, Japan has embarked on a major decarbonisation effort, which has resulted in the ideal investment and trade climate for foreign businesses. Last year, Japan ranked fourth out of the 30 economies studied in the Hinrich-IMD Sustainable Trade Index – a measurement of how well countries accommodate ESG in their global trade. Japan’s automobile industry is the fourth-largest in the world and is renowned for world-leading innovation and…

As US-China tensions continue to reshape the global financial system, Japan – the world’s third-largest economy – is achieving strong growth and record FDI levels by incentivizing businesses to diversify away from China. This June, the Nikkei index posted its highest gain in over three decades, rising by 20% from the start of the year. This is an incredibly positive sign given that Japan is still in the early stages of its post-Covid rebound, having lifted strict border controls in October 2022. Besides a secure alternative to China, Japan offers businesses a world-leading R&D ecosystem, fuelled by government subsidies aimed at transforming major cities into global start-up hubs. By 2036, one-third of Japan’s population will be aged 65 and over. As a result, its government is investing in healthcare advances…

In affirming Japan’s credit rating at ‘A’ – stable outlook – Fitch Ratings praised it as a “wealthy economy with correspondingly robust governance standards and public institutions.” Reforms in the past decade to Japan’s business environment, such as the Stewardship Code in 2013 and the launch of its regulatory sandbox in 2018, offer international businesses both security and unparalleled opportunities to test their products in a live market. The country’s ageing population also provides businesses with a golden opportunity to test their technology early against one of the biggest global trends of the near future. An ageing population also means a stronger demand for healthy food. Foods which reduce cholesterol or contain high levels of antioxidants dominate Japan’s quality-sensitive cuisine, and globally, their demand has been felt in nine consecutive…

Over the past decade, Japan has been successful in its efforts to become a top regional hub for foreign direct investment (FDI). In 2013, under the ‘Japan Revitalizing Policy,’ the government set a target to double inward FDI stocks to JPY 35 trillion by 2020, a figure it surpassed in reaching JPY 39.7 trillion by the end of December 2020, according to the Ministry of Finance. In June 2021, the government announced plans to double inward FDI stocks to JPY 80 trillion by 2030 and reach 12% of GDP. On the flip side, in 2019, Japan was the largest investor in the world, according to the United Nations Conference on Trade and Development (UNCTAD). Energised by the widespread popularity of Japanese entertainment like manga and anime, Japan’s rising ‘Gross National…

According to the Organisation for Economic Cooperation and Development (OECD), a grouping of affluent countries, domestic demand will power Japan’s economic growth in 2023 and 2024. Wage growth will gain momentum, while government support to help citizens manage the energy price shock, and investments in defence, are boosting consumption and investment. Unemployment, already very low, will continue to fall, the OECD forecasts. Japan has long been known for its world-class infrastructure, with Shinkansen “bullet trains” a global icon. Yet some of its transport network and utilities are aging and in need of upgrading, from water and sewage pipes to roads and bridges. With much of its infrastructure having been built in the 1960s, it is nearing the end of its lifespan. By 2033, unless replaced, 63% of Japan’s bridges, 42%…

The world’s third-largest economy, Japan is a huge success story, with an affluent and stable domestic market and a range of world-leading multinationals testament to its strengths as a home to business. Japan’s success has been built on its high-value manufacturing, with value-added industry accounting for around 20% of GDP, according to the World Bank. The country’s reputation for high-quality manufacturing is founded on rigorous standards, upheld by companies such as Cosmo Instruments, a global leader in air leak and flow testing. “Our philosophy is to accompany the client as much as possible, so that they can contribute to society,” says Tomoyuki Furuse, Cosmo Instruments’ president. “It is a mutual partnership between the client, society and us.” As the market for electrical vehicles grows, Cosmo sees growing opportunities to support…

Strong consumer demand and a burgeoning service sector are driving Japan’s growth in 2023, according to a recent report by professional service company Deloitte. Inflation has been easing, allowing the central bank to maintain accommodative monetary policy to support growth. As Deloitte has noted, productivity growth in manufacturing has outstripped other sectors, which is significant as industry contributes around 20% to GDP. The country has a long history of leading the world in manufacturing. Eight Tool is a leading example of Japan’s commitment to high-quality, focused manufacturing. The company has earned recognition as a unique brand that specializes in manufacturing high quality hexagon wrench products. The company was founded in 1958, originally making screwdrivers, but soon pivoted to hexagon wrenches, which remains its singular focus. The company has now set…

Small business owners know that every day brings a deluge of decisions about technology, finances, marketing, service providers, and overall business strategy. So where to begin? Well, you could ask leaders at large companies—because they’re often seeing the macro trends that play out in micro ways for smaller entrepreneurs. That’s especially true for the leaders at companies on our 50 Champions of Small Business list, where there are programs specifically designed to work with and help small businesses. We called 10 companies on our list of 50 and asked their executives what small business owners need to know now, given today’s changes in technology and industry. Here’s what they said. BECOME 10% MORE EFFICIENT. According to the chief sales officer at INTUIT Up until a few years ago, small business…

1 BDO USA Professional services corporation serving franchises worldwide 2 Deloitte Audit and assurance, tax, legal, risk and financial advisory, and consulting services 3 Citrin Cooperman Accounting, tax, and advisory services 4 Reese CPA Audit services for the franchise industry 5 PwC Audit, assurance, consulting, and tax services 6 Kezos & Dunlavy Full-service CPA firm specializing in real estate tax and accounting, franchise audits, and related issues 7 KPMG LLP Professional services firm 8 Grant Thornton Professional services firm offering audit, tax, and advisory services 9 RSM US LLP Audit, tax, and business consulting 10 Plante Moran Audit, tax, wealth management, and business consulting services 11 Baker Tilly Audit, tax, accounting, and business and transaction advisory services 12 Metwally CPA PLLC Audit, review, and compilation services for small businesses 13…

1 iFranchise Group Franchise consulting and development services for emerging and established franchisors 2 SMB Franchise Advisors Franchise consulting services for emerging brands 3 Big Sky Franchise Team Franchise consulting, development, and marketing 4 AC Inc. Field coaching education and training 5 Franchise Business Review Market research firm specializing in measuring franchisee satisfaction and employee engagement 6 Cadence Franchising Franchise recruitment 7 Franchise Growth Solutions Strategic planning, franchise development, and franchise sales organization 8 CGI Franchise Technology, training, and coaching for franchise development 9 Raintree* Full-service franchise design, marketing, and sales *Raintree was recently acquired by Franchise FastLane. 10 M Squared Franchise Consulting Franchise development services 11 Franchise Performance Group Franchise consulting firm specializing in franchise development 12 Franchise FastLane Franchise sales organization 13 FranDevCo Franchise sales organization 14 Franchise…

Hot Dish Advertising “No one does it better than Hot Dish Advertising. We’ve had a partnership since 2017 and continue to see success year over year. They took the time to really understand our brand, audience, and industry. By the time they developed a plan, they were locked in on the goal. No doubt their experience in franchise marketing has helped us grow.” 1 Hot Dish Advertising Full-service strategic marketing agency specializing in franchising 2 SOCi Centralized digital marketing platform for multi-location brands 3 TopFire Media Full-service digital media national marketing agency specializing in franchise development lead generation and public relations 4 Oneupweb Full-service digital marketing agency 5 Eulerity SaaS local marketing platform 6 Curious Jane Full-service advertising agency offering franchise-development and consumer marketing 7 WebPunch Customer and employee experience…

Fishman PR “Fishman PR’s dedication, expertise, and unwavering commitment to our success has made them an invaluable asset. Their ability to understand our brand, communicate our message effectively, and generate outstanding results is unparalleled. With Fishman PR by our side, I feel very supported, like they are part of our company.” 1 Fishman PR PR and content marketing for franchise lead generation and brand awareness 2 919 Marketing Company Brand strategy, PR, social media, and digital marketing programs for franchise brands 3 Fish Consulting Full-service national communications firm specializing in franchise and multi-location PR and marketing 4 All Points Public Relations PR, social media, content marketing, digital, lead generation strategy, and franchise sales 5 BizCom Associates Publicity, social media, thought leadership packages, marketing materials, and crisis counsel 6 Ripley PR…

Franchisors are increasingly recognizing the value of promoting diversity, equity, and inclusion (DEI), both at the corporate level and within their franchisee ranks, and they’re finding creative ways to do so. To honor those brands that we think are doing it best, we’ve created our ranking of the top 100 franchises for diversity, equity, and inclusion. Unlike most of our other rankings, which rely on objective data run through a formula, this more subjective list has been determined editorially—and for that reason, rather than being numbered, the brands are listed alphabetically. Each brand had to opt into consideration for the list and provide us with as much information as possible to help us make our choices. Factors we considered include: incentives to help franchisees from underrepresented groups join the system;…

Just before sunset every Friday, my whole company knows I become fully unavailable for 25 hours. It doesn’t matter what is going on. We could be in the middle of a fundraiser or a major product release. Unless it’s a life-threatening crisis, when that time comes, I put down my phone and go offine. I am the founder and CEO of Alma, a platform that streamlines mental health care for patients and providers, and I am also an observant Jew. Those 25 hours are my observance of Shabbat. I launched my company in 2018 and now have a team of over 500, and I don’t know how I would have done it without this weekly oasis to anchor myself and regain perspective. It has helped me make good decisions, lead…

Great movies always have a scene that screen-writers call “The Dark Night of the Soul.” It’s that spot where the hero questions not just what they’re doing, but why they’re doing it. Why they’re doing anything. It resonates because we’ve all had our own dark nights. Chris Hemsworth had one about 15 years ago. He’d moved from his native Australia, where he’d been wildly successful as a young soap opera star, to Los Angeles, hoping to star in much more than soaps. It wasn’t working out the way he’d hoped. He was missing out on roles. Bombing auditions. Waiting for callbacks that never came. “Eight months, nine months with sort of nothing—and the feedback was getting worse,” he says. One night, as Christmas approached, he looked around the home where…

Noting the country’s leading position in the global economy – with the world’s third-largest gross domestic product – global consultancy giant McKinsey has praised Japan’s strong national balance sheet, and dynamic manufacturing and machinery sectors. The country’s total assets rank second globally, at a remarkable 23 times GDP. In a 2022 report, McKinsey asserted that “Japanese banks have renewed opportunities to become engines of prosperity” at “a critical juncture” in the country’s economic history. The company noted that Japan’s banks have a dual mission as “engines of prosperity” – both their own growth, and “their long tradition of serving society” and powering national economic development. McKinsey calculates that the industry generates revenue of $180bn, which could rise by $45bn by 2030 if banks “decide to develop their roles in service…

With corporate profits high and business sentiment unfazed by global events, Japan will surpass its projected economic growth rate in the second half of this fiscal year, according to the Bank of Japan. The Bank also attributes pent-up demand and recent government measures to the “accommodative financial conditions” Japanese businesses are now enjoying. According to the World Bank, Japan is the world’s fourth-largest importer of goods, generating high demand within its packaging industry. In recent years, increased globalisation, new consumer sentiments, and megatrends like sustainability have intensified demand for lightweight, recyclable packaging material such as corrugated cardboard. Founded in 1949, Tomoku is one of Japan’s largest corrugated container and display carton manufacturers and an industry leader in logistics. Through 17 state-of-the-art factories and 32 consolidated subsidiaries and affiliates, Tomoku’s unique…

Established in 1959, Belc is a leading family business and retailer based in Saitama, with a network of 136 stores spanning the Tokyo Metropolitan Area. Belc’s community-focused, digitally advanced blend of Western and Japanese retail philosophers have helped it rise above an intensely competitive market. Belc began as a domestic supermarket chain after its founder travelled to the USA and became inspired by how retailers there operated. By the time the second generation took over in the mid-1990s, Belc had established itself as a pillar of the local community, and the current president’s father, who was leading the company, decided to expand the business. “We began spreading to different locations, opening stores in places we could offer consumers the most value. My father also took inspiration from the USA and…

As the sluggish commercial landscape of Japan in the late 1990s and early 2000s subsided to dynamic, healthy inflation rates, Japanese businesses have since undergone a psychological sea change. What began as a top-down push for better corporate governance and capital efficiency at the beginning of the last decade has transformed into the default management philosophy of industry leaders across the country. As such, when the Tokyo Stock Exchange published its milestone corporate governance code in 2015, it took just two years for nearly 90% of all listed companies to have external directors. This culture of change has also been realised in how Japanese businesses have embraced the country’s push for decarbonisation. In 2021, Japan’s reuse market amounted to JPY 2.7 trillion, according to Statista, driven by the expansion of…

According to the latest edition of the World Intellectual Property Organisation’s Global Innovation Index (GII), Japan is home to the world’s largest science and technology cluster. Cancer is currently the leading cause of death in Japan, as it has been for the past forty years, and demand for novel oncology is now at an all-time high. Whereas Japan used to suffer a ‘drug lag,’ targeted government subsidies and private sector collaboration means it now competes with the USA in terms of developing and launching new drugs. Founded in 2010 in Tokushima to develop safe and effective anticancer drugs, Delta-Fly Pharma is using its own “Module Technology” to radically improve the lives of cancer patients by identifying fast-acting, novel oncology treatments without serious side effects. This has often been considered the…

Japan is one of the world’s most innovative countries. In the previous decade, Japan filed more renewable energy-related patent applications under the Patent Cooperation Treaty (PCT) than any other country – 9,000 – and its strong IP rights give businesses the confidence and security to develop new technologies. Japan is also embracing global trends to make its business environment more competitive. In 2021, it established the Digital Agency to accelerate digital transformation in the public and private sectors, which McKinsey estimates will add up to JPY 78 trillion to its economy by 2030. Japan is known as one of the world’s ‘manufacturing superpowers.’ Value-added manufacturing accounted for 20% of its GDP in 2020, according to the World Bank, and will be essential going forward in the government’s concept of ‘Connected…

As the world’s third-biggest economy, Japan is a huge economic success story, with a GDP of around $4.23 trillion, according to the World Bank. In this wealthy and environmentally conscious country, the reuse market is larger than the GDP of many nations, totaling nearly $20 billion, according to Statista (2023). Founded in 2011 and now in its twelfth year, Valuence Holdings Inc. is one of the world’s leading resellers of pre-owned luxury goods, growing quickly through its innovation and fast decision making. “We aim to enrich people’s lives by giving them more options,” says Shinsuke Sakimoto, Representative Director and President of Valuence Holdings Inc. “Many people are influenced by the capitalist society and subconsciously believe that buying new things is the status quo. However, I believe having many options is…

Private consumption and investment have led the way in Japan’s robust economic recovery from the global recession of 2020, according to the International Monetary Fund, which forecast that the country’s current account is expected to achieve a 2.9% surplus in 2023. The Fund noted that “industrial production recovered strongly” in the summer of 2022 – vitally important as manufacturing is a key element in propelling the country to its position as the world’s third-largest economy. Cosmetics producer Ands Corporation is a proud standard-bearer in its sector, epitomising Japanese manufacturers’ model of innovation, consumer-focus, and rigorous product testing. “We have unique, top-quality skincare technology,” says Ands Corporation president Masayoshi Yamada. “Six years ago, we decided that in order to survive as a company, that sells high-functional products, we need to be…

Lots of big businesses offer services for entrepreneurs, but which ones go above and beyond? We looked at hundreds of America’s largest businesses, and identified the 50 companies with the most notable, active programs—from who is giving the most generous grants, to who is running the most lucrative accelerators, to who is working the hardest to make their knowledge and services intelligible and affordable for small businesses trying to grow. CONSIDER THIS YOUR GO-TO RESOURCE Companies are listed alphabetically by group. TO APPLY FOR THESE PROGRAMS, VISIT ENTREPRENEUR.COM/50CHAMPIONS OR SCAN THE QR CODE BELOW.…

American Express PROGRAM American Express Shop Small The Shop Small Resource Hub gives business owners access to complimentary marketing supplies and resources, while Amex Business Savings Suite provides technology and shipping solutions for small businesses. U.S. consumers can also use the Shop Small Map to find independent retailers across the nation that accept American Express. Apple PROGRAM App Store Small Business Program Developers and small businesses who made less than $1 million USD in proceeds the prior year qualify for this program, which offers a reduced commission rate of 15% on paid apps and in-app purchases, so small business owners can invest more resources elsewhere. Dell PROGRAM Dell for Startups Provides support and resources to small businesses that use Dell’s technology, including expertise from technology advisors and scalable solutions. The…

Matthew Mazzone grew up stocking shelves and sweeping the floor at Mazzone Hardware in Brooklyn, a red brick storefront on a corner lot on Court Street. Originally opened in 1950 by his grandfather, a painter, it was passed down to his father. When Mazzone came home from college at 20 and showed an interest in the business, his father offered it to him. By then, Mazzone knew that he wasn’t suited for a corporate life, and with the family store, he could be his own boss. But there’s being your own boss, and then there’s being the boss of a successful business. And within a few years, Mazzone realized if he was going to make a career out of the business, he needed to make some changes. The biggest problem…

1 FranFund Funding solutions including 401(k) business financing, SBA loans, unsecured business loans, and equipment leasing 2 Benetrends Financial 401(k) rollover funding, SBA loans, and equipment leasing 3 Guidant Financial 401(k) business financing, SBA loans, unsecured business loans, business valuations and appraisals, and other business services 4 ApplePie Capital Franchise financing 5 BoeFly Franchise financing 6 First Financial SBA financing for franchise startups, working capital, construction, and acquisitions; equipment leasing 7 Chase for Business Deposit accounts, loans, credit cards, cash management, and payment processing 8 KeyBank SBA and conventional financing, merchant and treasury solutions, deposits 9 Live Oak Bank Small-business banking 10 Huntington National Bank Online banking solutions, mortgage, investing, loans, credit cards, and financial services 11 TD Bank Loans, mortgages, merchant services, checking, credit cards, money market accounts 12…

IFA Convention “The IFA Convention is without a doubt the event to attend in the franchise world. Every day is packed with outstanding learning opportunities, guest speakers, committee meetings, and other opportunities to learn and grow in the industry. In addition, their Franchising Gives Back arm offers multiple opportunities to serve the local community.” 1 IFA Convention Produced by International Franchise Association Annual franchise event with networking, learning, and keynote addresses 2 Franchise Leadership & Development Conference Produced by Franchise Update Media and International Franchise Association (IFA) Event for franchise sales and development and C-suite executives 3 Multi-Unit Franchising Conference Produced by Franchise Update Media Event for multi-unit franchisees 4 Springboard Event for Emerging and [Re]Emerging Franchisors Produced by FisherZucker & Fishman PR Event for emerging and reemerging franchisors 5…

Franchise Payments Network “We have been working with Franchise Payments Network for 15 years. They have a deep understanding of franchising and the needs of both franchisees and franchisors. That deep understanding is essential to the high service level they provide.” 1 Franchise Payments Network Payment processing for franchise chains 2 Toast Cloud-based restaurant point-of-sale and management system 3 Square Payment processing, reporting and analytics, POS software, and business services 4 Intuit Quickbooks Cloud-based software for accounting, payments, and payroll 5 Global Payments Inc. Payment technology and software solutions 6 Fiserv Omnichannel commerce solutions, merchant services, and financial services technology solutions 7 Stripe Payments infrastructure and business applications 8 Swipesum Payment processing and merchant services consulting 9 Zift Integrated payment solutions 10 Payment Pilot Payment processing and lending Service descriptions…

LocateAI “We started working with LocateAI about six months ago and have nothing but positive things to say about their performance so far. They helped us locate and sign leases on two great sites in Vegas in a relatively short period of time, which was their first assignment. We look forward to many more successful projects in the future with them.” 1 LocateAI Artificial intelligence and advisory services for retail site selection 2 RESOLUT RE Analytics and brokerage services for tenants 3 Morrow Hill Real estate technology and services for corporate and franchise organizations 4 CBRE Commercial real estate services 5 Reimagine CRE Real estate advisory firm focused on franchise retail 6 redC Business Advocacy Franchise real estate, design, and construction management services 7 Colliers International Global real estate services…

On my 14th birthday, my grandmother gave me a present: a framed photograph of her and my grandfather as teenagers in the 1940s. Then she explained the purpose behind it. “Your dad told me that you’ve started slouching when pictures are taken,” she said, “because you’re taller than the other girls and boys in your grade.” My cheeks flushed. I didn’t know anyone noticed, but it was true: I wore flat shoes and slouched to better match my peers. “I’m happily taller than your grandfather,” she continued with a sly wink, “and I’ve never made myself shrink around him.” Then she shifted her finger in my direction. “No more slouching. Stand tall. And”—she paused to focus her kind eyes on mine—“it only matters that whoever you’re with can lift you…

1/I thought sustainability = use less. “I just wanted to focus on plastic reduction. But my team convinced me there was value in a moonshot. So in 2020 we declared our plan to move ‘Beyond Plastic.’ Since then, we’ve reduced our annual plastic intensity, launched a working group nearly 100 companies strong, and eliminated over 5 million pounds of plastic from products that would otherwise have relied on it. Without the more ambitious goal, we may not have made it this far.” —STUART LANDESBERG, cofounder and CEO, Grove Collaborative 2/I thought kids = loss of momentum. “Before having kids, my big fear was that they’d hold me back professionally. But then we had twins a year after Sundays launched. And with our other business, a restaurant, I serendipitously had another…

1/The circle of light. Content creators know a ring light is essential to look good on camera. The 10-inch-wide Sandmarc Ring Light Wireless Edition [From $100; sandmarc.com] keeps up with your cord-free, content-capturing life with a battery pack that provides more than four hours of light at max brightness. The base holds a phone steady within the ring as it sits on a table-top, or mount it to a tripod. Simple controls adjust the Kelvins from 3,200 to 6,500, balancing out the color. At just over one pound, this light is easy to travel with and recharges through USB-C. 2/Deskside deliciousness. Few things crush your spirit like a sad desk lunch, yet deadlines (or travel) can make stepping away for a better option hard. The Steambox [$279; steam-box.com] puts a…

Japan’s economy, the world’s third largest, surprised on the upside in the first quarter of 2023, growing at an annualised rate of 2.7%, almost a percentage point above analyst forecasts. Capital spending helped drive growth, as companies confidently invested for the future. Japan has long been known for its high-tech, high-quality manufacturing sector, so it is little surprise that the country leads the world in robotics and automation. Some 45% of the industrial robots produced in the world are manufactured in Japan, according to the International Federation of Robotics. Japan has been a global leader in automation since at least the 1960s, when the government launched a campaign to modernise the country’s industry. Azbil Corporation is at the forefront of Japan’s thriving automation industry, with an international presence in BA…

Japan’s economy grew by an annualised 2.7% in Q1 of this year, according to the latest official figures, as capital spending and private demand surpassed government expectations. Still, this pales in comparison to the performance of Japanese businesses. As of June, Japan’s Topix Index, which tracks the Tokyo Stock Exchange’s (TSE) Prime market division, has risen almost 20% this year to reach a 33-year high. Japan is also one of the most competitive countries in helping businesses across any sector enter ‘the markets of tomorrow,’ according to the World Economic Forum Global Competitiveness Report, which ranked it third in this area. Japan’s used car market is worth JPY 4 trillion, according to Statista, which recorded sales of used passenger cars at 5.63 million in 2021. Last year, according to Bloomberg,…

Japan’s economy grew an annualised 2.7% in Q1 2023, according to Reuters, following the removal of pandemic-related restrictions and a gain in confidence amongst businesses. According to the Bank of Japan’s latest short-term survey of Japanese businesses, the headline index measuring large manufacturers’ mood rose to plus 5 in June – the highest since December 2022 – whilst the non-manufacturers’ sentiment index, increasing for the fifth-consecutive quarter, soared to plus 23 – the highest since June 2019. Conversely, as the number of dual-earner households rises, businesses are cashing in on the double benefit of the country’s high disposable income and pent-up consumer demand. In 2021, the average monthly disposable income of Japanese workers’ householders was JPY 492.7 thousand, according to Statista, the second-highest in the past decade, after a record…

Capital spending and domestic demand buoyed the Japanese economy in the first quarter of 2023, with 2.7% year-on-year growth outstripping analysts’ expectations by more than a percentage point. This pace will keep the country’s GDP ahead of Germany’s for another year. This economic strength feeds into the booming pet insurance market, which has grown by 50% over the past three years alone to a value of more than JPY100bn ($720m), according to reporting by Nikkei Asia. There are around 20 companies offering pet insurance, and they are seeing strong demand as a record 880,000 dogs and cats were acquired in 2021 as people spent more time at home due to the covid-19 pandemic. With only around 15% of pets insured, the scope for growth is substantial. Leading pet insurer Anicom…

Japan’s “growth potential is immense”, according to a 2022 report by global consultancy McKinsey, highlighting the country’s role as a “global innovator”. McKinsey noted strengths including the country’s robust national balance sheet, and contributions from industries including automotive, chemicals, computers and electronics, and machinery. As the company has noted, the government is committed to supporting startups and SMEs as part of a broader programme of invigorating economic growth. McKinsey attributes Japan’s “important position on the world economic stage…in large part to its strong manufacturing and machinery sectors”. Manufacturing accounted for around 20% of GDP before the pandemic, according to official figures, and numerous Japanese manufacturers have become household names globally. Japanese bedding brand Airweave embraces its homeland’s ethos, putting quality, innovation, and customer focus at the heart of its business…

For businesses and foreign professionals, Japan serves as one of the most accessible gateways to Asia. More than 100 cities support direct air services to Tokyo alone, whilst the country’s 20-plus ports and world-leading transportation system, including its advanced high-speed rail network, guarantee reliability for regional supply chains. Japan has also promoted itself as a hub for foreign talent by easing its visa issuance rules; subsequently, between 2013-2019, the number of high-skilled foreign professionals working in Japan increased by 15 times to 21,347. According to the International Trade Administration (ITA), Japan is the world’s fourth-largest semiconductor manufacturing equipment market, with sales growing fourfold in the past decade. Almost half of the world’s top 15 semiconductor equipment manufacturers are based in Japan, and the government is investing heavily to triple chip…

Following successive waves of corporate governance reforms beginning in 2014, Japanese businesses have responded with solid profitability and sustainable growth. For international investors, Japan constitutes a gateway to the fast-growing markets of Southeast Asia and offers exclusive exposure to new technologies. In FY22, Japan’s government allocated USD 1.62 billion to support SMEs in achieving Industry 4.0 automation and digitalisation, helping them leverage the renowned ‘Made in Japan’ brand worldwide. By 2030, the International Trade Administration (ITA) estimates that Japanese manufacturing companies will have spent a staggering USD 4.1 billion on digital infrastructure. Founded in 1951, Yokomori is Japan’s leading provider of integrated construction and technological solutions for steel staircases and railings. From ornamental spiral staircases to large commercial or residential staircases, Yokomori’s precision-made, bespoke products have been installed in most…

Ranking in the top twenty countries in the world on the UN’s Human Development Index, Japan has long been considered one of the world’s most advanced and successful societies. Little surprise, then, that in this increasingly environmentally-conscious age, Japan has a large and fast-growing reuse and recycling industry, expected to be worth $25bn by 2025. Hamaya Corporation is a leader in the sector, both buying and selling used products, and is building a global presence in it. The company aims to increase its e-waste recycling segment tenfold in the coming years recycling of the e-waste segment tenfold, and its rare metals division by the same scale. “My vision is to collect e-waste from all over the world, and establish subsidiaries all over the world,” says Shigeru Kobayashi, Hamaya Corporation’s president.…

Amazon PROGRAM Amazon’s Small Business Academy Launched in 2019, this free program gives early-stage entrepreneurs and small business owners a suite of tools, resources, and networking opportunities. The curriculum was designed in partnership with the Collegiate Entrepreneurs’ Organization and offers three educational tracks: “Start,” “Build,” and “Launch.” AT&T PROGRAM Small Business Resources The small business resources page offers free expert webinars and educational series from business mentors like Barbara Corcoran. They also offer free “playbooks” for business concerns like going virtual, or cybersecurity and protections, along with phone and Wi-Fi deals tailored to small business needs. Bank of America PROGRAM Small Business Resources This part of Bank of America’s website offers small business owners insights and resources for managing money, applying for funding, improving credit, planning for retirement, and tracking…

Franchise suppliers are the unsung heroes of the franchise industry. You might know them as service providers, vendors, or partners—but whatever you call them, they’re crucial to the success and growth of franchises. They help with financing, consulting, legal services, payment processing, public relations, marketing, and more. And yet, when franchisors and franchisees set out to partner with a supplier, they often ask the same question: Which one do I work with? To answer that—and to celebrate these essential members of the franchise industry—we’ve put together our annual ranking of franchise suppliers, recognizing 155 top service providers across 11 categories. To determine these rankings, we conduct an annual survey of franchisors. This year’s survey received a record number of participants—more than 1,000—ranging from newly formed franchise brands to some…

1 IFPG Membership-based franchise consulting network 2 The Entrepreneur’s Source Alternative career transition coaching 3 FranNet Franchise consultants that match clients to business opportunities 4 BAI Business Alliance Inc. Brokerage services for franchise companies and prospective franchise buyers 5 FranServe Consulting service to prospective franchise buyers 6 FranChoice Free consulting service to individuals considering franchise ownership 7 The You Network Franchise consulting and education for senior-level executives seeking franchise opportunities 8 Franchise Sidekick Advisory services for prospective franchisees 9 Franchise Brokers Association Franchise broker training and membership organization 10 FCC, The Franchise Consulting Company Free consulting service to prospective franchise buyers IFPG “IFPG’s broker network has shown a very high level of professionalism. As an emerging franchise, the brokers have contributed immensely to our early success, by introducing us to…

FisherZucker LLC “FisherZucker has been indispensable in the rapid growth of our franchise. They are professional, knowledgeable, and excellent educators on the law and its practical applications. I have leaned heavily on them to help understand and build systems that are legally compliant and advantageous to our franchise for the long term.” 1 FisherZucker LLC Full-service law firm focusing on franchising and licensing matters 2 Spadea Lignana Franchise Attorneys Full-service franchise law firm 3 Internicola Law Firm Legal services for emerging franchise brands 4 DLA Piper Legal services including franchise law compliance, mergers and acquisitions, and dispute resolution 5 Lathrop GPM Full-service law firm with franchise and distribution practice team 6 Quarles & Brady Full-service law firm offering transactional, regulatory, and dispute resolution services 7 Faegre Drinker International law firm…

ServiceMinder “We have used ServiceMinder from the outset across all our brands. We have found them to be terrific people to deal with—helpful, constructive, and informative. The product itself works well, and integrations seem straightforward.” 1 ServiceMinder Platform for managing and operating home services brands 2 ClientTether Lead response, sales, online review, client engagement automation, and CRM platform 3 HubSpot CRM, marketing, sales, and customer-service platform 4 FranConnect Franchise management software 5 Transitiv Collaborative analytics and data infrastructure for franchises 6 FranFunnel Automated messaging software connecting franchisors with customers and leads 7 CareerPlug Hiring software for franchises 8 Emma by Marigold Relationship marketing solution 9 Zoho Cloud software suite and SaaS applications for business 10 FranchiseSoft SaaS-based franchise management software Service descriptions come from respective suppliers.…