My Retail Predictions for 2021 (Part II)

My retail rundown.

Part two, here we go! Last Friday we talked about experiential moving online, video tutorials, brick and mortar closures, supporting small business, and the end of scheduled collection releases. This week, I am bringing you five more retail predictions to look out for in 2021! A few parting words- make sure to support local businesses, research the companies that you buy your products from, and be bold with your purchases! That feather dress and glittery bowtie is all you!

Online Retail Consulting 

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Because we aren’t able to have in-person shopping consultations, these experiences are moving online to help shoppers get that personal touch from the comfort of their own homes. The well-known Korean skincare company innisfree is one retailer that offers free one-on-one skincare consultations with one of their Korean skincare experts. I foresee many businesses providing similar services in the future, whether it be personal shopping consultations or virtual product walk-throughs. These virtual experiences are being explored now for definite utilization in the future. 

Global Online Discovery and Purchasing

Screen Shot 2021-02-15 at 3.13.02 PMAs a result of more people shopping online than in store, consumers will have a greater likelihood of discovering international brands with an e-commerce presence than ever before. Popular brands such as Australian e-commerce swimsuit retailer TRIANGL and France’s first online-only retailer Sézane, allow you to import the fashions and trends you love from across the globe. Opportunities to purchase clothing from niche retailers abroad has also allowed for less regionalization and more globalization when it comes to fashion, yet another example of how our world is becoming increasingly interconnected. 

 

Blurred Lines Between Social Media and Buying 

Instagram has done it with their shopping feature, Pinterest has done the same with the way in which you can purchase items tagged in photos, so what’s next? Shopping and media often go hand-in-hand, which is why it is my opinion that other platforms such as TikTok and Youtube- who knows maybe even Twitter- will soon be integrating certain buying features in their technology. When Gen Z-ers see something that they really like, they instantly need to know where to find it and how to buy it. Keeping this in mind, in addition to the fact that social media platforms thrive on ad revenue, it’s hard to see how this won’t be the future. 

Increased Reliance on Consumer Reviews

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Lately, I’ve seen an increase reliance on consumer reviews, reviews done by unbiased third parties such as Consumer Reports, or even unpaid promotions by social media influencers for customers to get a better idea of what they are purchasing. Buying a product, testing it out, and then having to return it can be a big hassle for some, who often buy online just to reduce said hassle. These hyper specific reviews and comments can be an extreme benefit to companies too, who have a loyal and engaged following that is willing to evangelize to others of their excitement for products. Glossier is one company that has thrived because of its consumer reviews and has a detailed approach as to how they capture review data that is worth taking a look at if you, yourself are looking to sell products online.  

Sustainable, Ethical, and Value Driven Brands

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Although this trend has been coming down the pipeline for some time now, ethical and value driven brands will never go out of style in the U.S., as sustainability and the environment have become an increasing concern within the fashion industry. Brands such as Everlane, Parade, and Biossance have all sought a niche place within their market on the basis of being more sustainable than their competitors. Sustainability reports are even becoming more popular for brands to disclose, a write up on their sustainability efforts and performance. Companies that are reporting on this are only putting more pressure on others to conform to higher ethical and environmental standards. Let’s keep it up retail!

My Retail Predictions for 2021 (Part I)

My retail rundown.

Retail is an ever-changing game. One day, critics say that shopping malls are dead, the next they are saying that in-person shopping experiences are paramount of importance, the next that consignment is the new method of purchase. There are a million opinions about what the future of retail will look like. This year, I thought I would take a stab at some trends that I see blossoming over the course of this year. Don’t forget to sign up for my weekly newsletter that comes out every Sunday to stay updated for when Part II comes out next week!

Experiential Moving Online

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I think that everyone would agree that shopping is meant to be all about the experience. Touching the clothes, wearing the clothes, interacting with the sales people, and purchasing the items- maybe even doing a little twirl in the dressing room? But, when company’s retail storefronts are forced to close down, much of the experience that consumers get purchasing, has gone away. Consequently, companies have been striving to find innovative methods to recreate unique experiences for customers. Some ways that retailers have started to do so is through augmented reality (AR) and virtual reality (VR) technologies. AR is one compelling way that furniture retailer Wayfair, for example, has been engaging it customers through almost exclusive e-commerce selling. Through AR, Wayfair app users have been able to see what Wayfair items would look like in their house, whether it be couches, rugs, or anything in between. This is a truly innovative solution that the company is exploring in order to further engage the consumer and allow them to explore different opportunities with the touch of a button. It also allows purchasers to feel more comfortable with their buying decisions, given that they have already had the opportunity to “try out” the items in their own home. Similarly, AR and VR company Obsess has been building these tech experiences for companies such as Tommy Hilfiger, Christian Dior, Coach, Ulta Beauty, and Ralph Lauren. Obsess has created virtual stores and buying experiences for 5 years, increasing the return on investment for retail stores by setting up a virtual sales channel. This is truly the wave of the future.

Product Pages with Videos and Tutorials

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As a result of in-person buying being put on hold due to the pandemic, more companies have and will start incorporating videos reviews and tutorials into their product pages in order for the consumer to get a better idea of what they are purchasing. Because buyers aren’t able to touch, try on, and experience products in stores, online retailers should be more motivated to put up dynamic content in order to best inform the consumer on the products they are interested in. ASOS does a good job of including videos of models in the clothing that they sell, giving the consumer a better idea of the fit, movement, and texture of the clothing- aspects that they might not be able to detect from just a photo. Beauty products are especially difficult for consumers to buy online because they tend to require testing within the consumer journey. Customers buying an eyeshadow, for instance, in stores, would often be able to test a sample to examine many aspects of the product- texture, color, contrast with skin tone, and scent. Understanding this obstacle, Sephora has begun to incorporate short videos and tutorials into their product pages, such as this one, which showcases what the product looks like on a range of skin tones as well as a brief glimpse of how the application works. The more information that buyers have, the more equipped to make a purchase. Dynamic content remains king. 

Brick and Mortar Closures, Except for Big Box

Café Congreso in the Phillipines - inspired by Wes Anderson films

This comes as a shock to no one, but it appears that more brick and mortar closures are in the cards for small to medium size businesses. The return on your investment for retail storefronts, especially during the pandemic, have become smaller and smaller, as consumers have found online shopping more popular and safe than venturing into brick and mortar shops. E-commerce companies, who can leverage online marketing to their advantage, can see profits well above their counterparts, who are spending thousands of dollars on shops to gain recognition and hopefully pull some passersby in off the street. I can definitely foresee popular online retailers opening up shop in the future, but only after having establishing intense brand loyalty and a steady stream of sales. I also imagine pop up stores becoming more popular, as retailers are able to test the market on whether or not there is a consistent customer base in a specific location as a proof of concept.

The End of Scheduled Collection Releases

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There was once a time, long, long ago, when designers showed their latest collections during Fashion Week. Due to the setbacks of the COVID-19 pandemic, many designers have had to reschedule or even cancel shows. However, this has allowed for fashion houses to reevaluate their participation in such prescribed events. Michael Kors even moved his Spring 2021 presentation from September to October 15th in 2020. “I have for a long time thought that the fashion calendar needs to change,” he said in a statement. “It’s exciting for me to see the open dialogue within the fashion community about the calendar—from Giorgio Armani to Dries Van Noten to Gucci to YSL to major retailers around the globe—about ways in which we can slow down the process and improve the way we work,” Kors comments. The pandemic has allowed for designers to rethink many aspects of tradition within the industry, set seasons being one that has created more cohesion for some and stress for others. In the future, I see designers favoring their own pace over industry convention. 

Supporting Small Business 

Why Kamala Harris's Outfit Made a Striking Statement at the InaugurationSmall business owners will continue to challenge major players in the retail space this year, including everyone from trendy Esty candle and acrylic coaster makers to young, emerging fashion designers. We saw it at the presidential inauguration and will be seeing it a lot more in 2021. Vice President Kamala Harris chose to wear a purple coat and dress designed by up and coming African American designer Christopher John Rogers, a Louisiana native. Similarly, First Lady Jill Biden wore a blue ensemble by emerging designer Alexandra O’Neill, who is originally from rural Colorado. Although outfits worn during this prestigious event are traditionally made by U.S. companies, both women went out of their way this year to support individuals lesser known in the industry.

Likewise, there has been a continual push for consumers to eat and shop more locally, supporting businesses that have been hit hard due to the pandemic. Buying from American owned businesses has also become a priority in attempting to boost the local economy as opposed to purchasing products from abroad. This movement has shown a heavy spotlight on new faces within the industry- a true breath of fresh air. I have also witnessed social media, such as TikTok, play a large role in increasing exposure for small businesses, like instant acrylic nail company Klaw Beauty, sustainable clothing company STAN, and candle company ember candles, to name a few.

The way that we shop in 2021 is shifting and I hope and pray it is here to stay!


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Jenna Sweeney on Tips for Branding your Business

Go brand yourself!

Brand (/brand/). Definition: The marketing practice of creating a name, symbol or design that identifies and differentiates a product from other products. For some businesses brand identity can make or break a company. It can be the difference between recognizing a company from another and forgetting it altogether. Some brands take years to find their distinctive voice, others naturally pick up a tone during a company’s inception. Brands can be tricky to handle and can be easily tarnished, which is why many businesses spend a significant amount of money on retaining a good brand image. Jenna Sweeney is someone who is passionate about brands and their connection to our society and culture, which is why she is the perfect person to give us her tips on branding your business. Jenna, the floor is yours!

Tell us a little bit about yourself Jenna!

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I’m a recent graduate of Babson College who’s fascinated by the ways brands connect with their audience and as a result, influence culture. I’ve been working with eco-conscious start-ups in Los Angeles, CA since July under my brand strategy consultancy, Freedom Machine. I feel so grateful to be working towards a better Earth while exploring new markets and collaborating on exciting projects—getting to flex different creative muscles— it’s really my dream come true! 

In your opinion, what makes a good brand?

What makes a good brand to me is a distinct perspective. Brands which have a unique look, feel, and voice that all work together to tell a compelling story are typically the brands that rise to the top. I like to think that every brand has its own personality in what they value and how they show up. Every sale is a social interaction first and foremost, even within e-commerce. 

What are the most common challenges that the companies you help face?

Nowadays, in every sector, there are brands with an outstanding visual identity, stellar product, and great intentions. I think the most common challenge is finding a way to creatively compel your audience and distinguish your company from the inevitable competition while following best practices. 

What are some steps that companies can take in order to begin to develop their own brand strategy? 

I think asking yourself or your team how the brand would show up in the world as a person is a great exercise to reimagine the way your brand functions. Looking beyond target customer, to ask:

Who is your brand? What do they stand for? How do they treat their competition, customers, and team?

I think bringing attention to those traits of the business can really help to hone in on the nuance that helps a brand to resonate with its audience. 

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From a marketing perspective, what are some suggestions you would give to companies that have struggled during the pandemic?

My advice would be to get creative! Systems in our world are being rebuilt and part of that process is making way for a new mode of commerce to emerge. I see a lot of great, new companies finding a niche demand that is more unique to this moment in history. In America, most people have been spending most time at home in this past year– but that has made space for subscription-based goods and services to come back in style, for example. I think it’s just about recognizing the opportunities in enhancing our new ways of living. 

If a company wants to branch out into utilizing social media, what is some advice you would give them to figure out which platforms would be best for their business?

I’d say it definitely depends on what the product is– A B2B for example may only need a landing page and a LinkedIn, whereas direct-to consumer would want to be active on Instagram first, then Facebook, TikTok, Twitter, YouTube, etc. as they’re applicable. The best way to find your audience is to start creating on different platforms and prioritize the platform where you get the most user/audience interaction. 

What are some company brands that you admire? 

I’m loving Seed, Ghia, Topo Chico, The Elder Statesman, Paloma Wool, Bode, Suprstructur, and Older Brother

What excites you about the future of the marketing and branding space?

I’m excited about new perspectives in the marketing field that will change how an audience resonates with a brand’s content and challenge existing social norms. I’m also excited by the market’s high standards for companies to use sustainable practices and conscientious employee relations. Quality of life and product is more important now than ever. 

How can someone looking for your services get in contact with you?!

www.freedommachine.space 

Or send me an email at jenna.sweeney3@gmail.com

Patrick O’Hanlon on his Profession in Library Sciences

Being surrounded by books teaches you a host of life lessons.

As many of you may know, I worked as an Information Assistant at my college’s library. My experience working at the library is one that I hold in the highest regard. I enjoyed so much helping others find books and recommending my favorite reads to students. I also found it fascinating to witness our library’s transition from majority print resources to shifting towards more digital resources. Our world is changing at such a rapid pace that it becomes increasingly important to prioritize asking why these changes are occurring, what our future will look like, and how we fit into this new normal. It was such a great pleasure to speak with Patrick O’Hanlon, who works in the Library Sciences, to hear about his unique career journey as well as his take on the future of print.


Patrick! Please share a little bit about yourself!

What was your major in college and how did your academic experience guide your professional endeavors?

During undergrad studies, my major was Speech Communication with a minor in Media Production. It’s a very broad major, but I supplemented it with internships and a variety of jobs. I was a jack-of-all trades after receiving my bachelor’s degree, and just after graduation, I bounced around more than I’d expected. The biggest change happened after I lived abroad for a year and then returned to find a media job in academia. That position helped me form my personal life and gave me stability.

Did you always know that you wanted to work in library access services or have a career trajectory towards library and information science?

Working in library sciences was something that I was drawn to as a career change. My personal life had the chance to grow because of the steady job I found at Suffolk University. The reliability of the workplace was comfortable, and while I did pursue other projects outside of work, it became clear that my existing skills weren’t going to afford me any new opportunities to advance my career in the visible future.

While discussing it with Lynn, my wife, my propensity for organization kept resurfacing, and I applied for the Masters of Library Science program at Simmons College, which has since become a university. Once I was accepted as a part-time student, it took four years to finish the program. Taking graduate classes – even one at a time – with a full-time job, doesn’t afford the same kind of tight-knit experience that undergrad does. You make connections and collaborate with great people, but you’re all quickly pulled in different directions with life’s other obligations being based almost entirely off campus.

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How did you ultimately end up working for Babson?

After graduation, it took about nine months of searching after finishing my Masters before I made my way to Babson. Simmons is one of the best library science schools in the country and offers its graduates great resources for job placement. It was finding my way through my own personal boundaries that became the real challenge. My family is mostly in the Boston area and Lynn also has a very serious career here, so picking up and moving somewhere new simply to apply my new degree was not in the cards.

I had been to Babson’s Wellesley campus on an occasion or two in the past, and as a visitor, it had just seemed like a picturesque college. Returning with the possibility of working in the library opened up the highlights of the business community for me, and the entrepreneurial spirit of the community is inspiring. The students want to not only do well for themselves, but also to build the future. Entrepreneurship is the long lever that they have found that really can move the world. This was a place I was intrigued to be a part of, and it’s fantastic to contribute to an constantly evolving institution.

What about your job is most engaging to you?

It’s the academic setting of the Horn Library that is one of the appealing things about working at Babson. It is a community of people who believe in changing the world for the better. The students and teachers here are the stars. My role as a librarian and a manager is a supporting one. The technical aspects of working in a library can be picked up rather quickly, and it is absolutely about making the library serve the community,

What is the most challenging aspect of your job?

The ongoing, but welcoming, challenge is managing people. Oh, and scheduling. (My god, the scheduling!) The student employees are more often the day-to-day face of the library and report to me. As a manager of people who are in one of the first jobs early in their work life, it’s about encouraging them to trust their problem solving abilities and then recognizing the teachable moments when difficulties occur that will help them navigate as professionals in careers well beyond library customer service.

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Do you have a favorite book or author?

One of the books that made an impression on me just after college was the memoir “A Pirate Looks at Fifty” by Jimmy Buffett, the musician. (Two things to be noted are that his personal worth is currently estimated to be around $600 million and that he has no relation to Warren Buffett the investor.) Here is someone who took a very basic skill that he learned in college during his spare time – playing four chords on a guitar – and parlayed it over decades into one of the best-known entertainment careers of the Baby Boomers’ generation. His public journey was far from certain and even a performer’s career comes with unexpected indignities in tow. His music isn’t complex and hasn’t won many awards in spite of the widespread popularity of its heyday, but he measures his success in the reception he and his bandmates receive from fans when they perform. The reflections he has in the book show that even with the adventures he’s been afforded, no job compensation or perk is worth the effort if you can’t give yourself fully over the day-to-day of what you do or if you don’t love who you share your private time with once the crowd goes home. (His pro tip for future parents: hone your pancake-making skills.)

How is the field of information and the way that libraries function changing and what do you see the future of libraries looking like?

Libraries are undoubtedly leaping towards a more digital future, but they won’t be entirely digital. Digital resources are the supercar of knowledge. They can get you where you want to go faster than anything that has come before, but you still need people to drive it. Storing and encouraging knowledge is what libraries are here to do. Librarians are never themselves going to be omniscient repositories, but they can be the sherpa guides who know the territory to get you where you want to go. Libraries will be where the digital and human worlds of education meet.

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Will print ever die?

The question of whether or not print will ever die is a perennially relevant question. The short answer is no, even as we’ve come to rely on digital exponentially more during the pandemic. Is it changing? Absolutely. People freaked out that oral tradition was going to die and intelligence would dim with the written word becoming more common back in Socrates’ day. The Gutenberg Printing Press made books more accessible than any time before and there was concern that people would devalue the skill of reading. Now we’re well into racing along another iteration of how people disseminate and consume information, and any rapid, systemic change is unsettling. Paper is certainly less efficient for rapid delivery and is becoming less day-to-day, but it will still be an important part of how we consume and store information long term. Studies have shown that, as individuals, we retain information better when we read analog print, and there isn’t yet a digital tablet that has the battery life or storage medium to outlast paper and ink.

What about the future personally excites you?

Today’s students are approaching the world with an eye toward making the whole work better for everyone. It’s a spirit of leadership that will take advantage of some of the best technologies we’ve ever had to solve problems. I look forward to seeing the inventiveness of the classes of students I’ve watched pass through campus come into their own and show just how much they can do.

CEO Sit Down: Justin McAfee on Wright One Inc.

Look! It’s a bird! It’s a plane! It’s a car?

For us mere mortals, thinking about riding around in a flying car is absurd. For Justin McAfee, it is a radical, yet feasible idea. When I first heard about his company’s concept to shake up the way that we transport ourselves, I knew that I had to hear more. Justin is a passionate entrepreneur, who has had an interest in flying since he was just 12 years old. His incredible drive and eagerness to change the world has led Justin to starting his company Wright One Inc. I look forward to the day that I can use Justin’s technology myself- flying to my favorite restaurant with friends and returning back home before the sun sets. Have I peaked your interest? Then you should continue reading.


Justin! Tell us about yourself!

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Hello, you don’t know me, but you will soon.

I’m the guy who wants to change your perception of flying and change the way we think about e-mobility in the future. Wright One, Inc. is a company bringing Jetson grade engines to reality by rethinking the way we consider thrust applications for air travel tomorrow.

I come from an aviation background with five pilot ratings and more travel horror stories than I’d like to recount. I have a mechanical engineering degree, and a sure path to prototyping to get us towards the flying car faster. Wright One, Inc. is paving the way into an era built for the Jetson’s!

“Dans les champs de l’observation le hasard ne favorise que les esprits préparés.” 

“In the field of observation, chance favors only the prepared mind.” – Louis Pasteur

I graduated from college with a bachelors of science in mechanical engineering after 6 years of undergrad schooling and transferring twice- once I left for personal reasons, the second I failed out of engineering and transferred to another university to complete my mechanical engineering degree. It was my final transfer to Mercer University where I started to really dive into entrepreneurship and pitched a business which got the attention of a graduate professor. This happen chance meetup led me to the skill of commercialization which I am continuing to refine to this day not only with Wright One, but also with 2bird Masks!

Screen Shot 2021-01-06 at 9.08.08 PMThis business I pitched never took off, but the education I received solidified my love for entrepreneurship. I also started to learn about the power of constant adaptation and change.. “I remember when the dean yelled at me, saying “You can’t take anymore grad level classes unless you’re in the MBA program.” I’d been taking them for three semesters without an issue. On top of that, I was taking courses at two separate campuses (an hour and a half away from each other) to attend weekly classes. I wanted to take these courses so badly I took 18 credit hours at one campus and then added my independent studies from the separate campus on top of my courses to take these classes. If you want something bad enough you are going to have to work to achieve the goal, because no one is going to hand you your goal on a silver platter, you are going to have to take it for yourself!

I have personally started four businesses, and only one of them has been successful thus far – my photography company, Justin McAfee Photography (jusmcafeephoto.com). This doesn’t mean I don’t give up with a dying business, it means I continue to push harder and seek to understand what went wrong with each iteration of starting a business. Then use the knowledge to build the next opportunity forward.

What was the inspiration behind Wright One, Inc.?

I have been working on the idea of Wright One, Inc. for over a decade, since I was 12 and started talking with my father about the idea of magnetically levitating cars. This was also the same year my father took me flying in our twin engine Piper Aztec and I nearly crashed the plane into Lake Conroe near Houston, Texas doing 45 degree steep bank turns. I can also remember the serial number of the airplane as N54259 – this number has been my favorite number ever since (my second favorite number is 3).

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This was the very first airplane I think my family purchased back in Houston, Texas in 2000 or 2001? You would have to ask my mom about it… notice the tail number.

Wright One, Inc. is a company focused on industry development of future flying mobility solutions. As a company we know there is going to be huge technological leaps geared at developing ‘flying car’ solutions. But we don’t think the ‘car’ aspect of the vehicle (where you drive on a road) will be the end-all solution. What’s more, we believe people would rather have a strict vertical take off or landing (VTOL) solution where you fly directly to your home and land in the driveway (think of a helicopter landing in your driveway) based on customer interviews and based on the versatility of the helicopter. Wright One, Inc. intends to be the core of how the development of the flying car ecosystem begins.

Some Background

When you look at the aviation industry and the way people are traveling you begin to see a fractured element. There needs to be a more customized and sophisticated logistics approach to air travel for the common person. Traveling in bulk containers across the nation are becoming crowded and cities are developing at a quickening rate to catch up with our travel system. You can see this fracture at dense metropolitan airports like Dallas/Fort Worth International, JFK International, and Chicago O’Hare International. Instead of flying from a small city to a dense airport to fly to another hub and then to another small city, we need to cut out the middle two locations to not only make it more convenient for traveling but also more efficient from an energy standpoint.

In my opinion, the engine is the key to kicking off this spur in future development for more customized flying vehicles. The engine is the reason why we need to rethink how we, as a society are going to think about VTOL and flight possibilities. Currently there are 4 manufacturers that specialize in making these engines for our current mode of transportation. This isn’t going to sustain the innovation rate that is going to be needed for things like space travel to Mars, commercial drone shipping across the country, and my personal favorite super-sonic flight across the globe for one person. We need to have more choice in the engine solutions we can model to our vehicles. That’s where the Orville comes in, this is where this engine will radically start to change the way we think about propulsive devices for the future.

So here is the (multi)billion dollar question: how do you design an engine for future mobility solutions which has ALL the benefits of current combustion engines but has the added value of being able to configure itself to have the best efficiency across multiple points of operation in flight?

Let’s talk about our first product, the Orville, a bit.

This is where Wright One, Inc. is playing. We are changing the way we fly with the Wright Turbine.

Our turbine has a number of advantages :

  • 100% electric
  • Silent
  • No central shaft – less weight, more surface area, and greater thrust

This means for future engine operations, not only can we give you the power you need optimally for cruise flight, but we can also give you the exact amount of power you need for take-off and landing situations as well (whether this is vertical take-off or a rolling take-off).

Go wild – you deserve it, we all do!

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This is one of my favorite photos from the Alaska seaplane trip my dad and I did in 2019 for my birthday. We went to Alaska for 3 or 4 days and got our seaplane rating during that time.

Who are some entrepreneurs that you are inspired by?

It may come as a shock, but I am incredibly inspired by the Wright Brothers. They lived in the days of great titans like John D. Rockefeller, Andrew Carnegie, and Henry Ford.

The Wright Brothers fought tooth and nail through patent issues to have their aircraft design be the first one for controlled powered flight. The ideology for being able to make the impossible possible is where my inspiration from the Wright Brothers came from. This is what drove me through my 6 years of engineering school, what drove me to keep pushing after a failing company, and to start a photography business after getting fired from my engineering company and take it to 6-figures within one year with the help of key partnerships.

Entrepreneurship is a beautiful endeavor and is not for the faint of heart. You have to have an exceptionally strong passion for the product you are delivering and you must be in it for the long haul once the business launches. There are no shortcuts in this process.

Stories like these titans and how they got started are inspirations for me, Elon Musk is definitely in that ballpark. Elon Musk did an interview with 60 minutes where he teared up talking about Neil Armstong speaking vehemently against private space companies launching rockets in 2012. Are you going to push past your fears and stand on the shoulders of giants before you?

My father has been a huge source of inspiration for me with Wright One. His passion for flying and for engineering not only set me on a course for Mechanical Engineering when I was thinking about my major, but also got me a job as an airplane mechanic at the age of 16 with a mechanic at our home airport in Burleson, Texas. Since then my family has had 7 aircrafts which we have churned through selling and upgrading to the current one the family has now, a G58 Beechcraft Baron. 

I remember one time where my father and I were flying back from a ski trip where we started in Denver, Colorado. We were taxiing onto the runway and the airplane literally fishtailed as we turned to get lined up. This was a towered airport so we had clearance to take off, but the wildest thing was the runway was completely covered in snow. Once we got up into the air we encountered a super-cooling event where 3 inches of ice began to build up onto the leading surfaces of the airplane. The airplane was ‘so proven’ that the airframe was able to not only take the 3 inches of ice, but made short work of getting rid of the ice even after the event that we didn’t have to stop and wait for the storm to pass.

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This is my dad, the most gutsy pilot imaginable. He has taught me never to stay down. Always get back up and keep fighting, no matter the cost. Always believe in yourself and never let someone crush your dream.

Here we are in two of the airplanes we have owned in the past. The left airplane is a C172 Turbo and the airplane on the right was a Cessna TT-x a composite built aircraft (fastest prop plane on the market at the time flying at over 270 MPH).

I want the freedom to be able to go anywhere, at any time. And I want to be able to do it cheaply with a proven technology. The Orville engine is the first step to realizing this dream, currently operating a Cessna 172 with a glass cockpit is $160 an hour – flying at around 150 mph. For the common person this doesn’t make sense taking into consideration the amount of time and money it takes to get a pilot’s license. We can do better for the 21st century and beyond. The first thing to make air travel, flying cars, a reality – is driving down this hourly operating cost (for a vehicle it’s between the $30 and $50 mark currently).

What has been the biggest challenge in starting Wright One, Inc.?

The biggest challenge we have faced as a team has been structuring the company and getting the math to confirm the concept’s feasibility. We are creating new mathematical models to model the engineering behind the Orville engine. Merging two mature technologies to develop a novel iteration. Nothing groundbreaking, this is just the next step in technological development.

There currently is no text or proven concepts that tie together the mathematics which we are doing with a turbine and an electric motor. They are proven separately, but conjoined the mathematics shape out differently and as a team we realize we are going to need some highly specialized aviators to help confirm this type of math. 

We recently were approached by a venture capitalist here in Boston to start the conversation of working with Wright One, and as the VC was sitting there chatting with me about how we are going to put the engine onto his very light jet body and retrofit some of the components to make the concept work even better he started to realize just how early stage the Orville was currently. This was when he started talking about his team, which comprises four of the SR-71 Blackbird team who formerly worked for Lockheed Martin’s famed skunk works to give you the fastest air-breathing manned aircraft. A record which has been unbroken since its inception in 1966.

One of the engineers is wanting to help us develop the math and the concept to bring you the engine we promise. One which can take on the current jet engine and bring you the next wave of technological innovations!

What do you find interesting about new technologies, like the one you are working on?

The potential.

But if you look at new technologies, a perfect example is the Detroit Auto Show every year. There are new technologies featured every year which capture the imagination and attention of consumers the world over for what is ‘to come’ and what is already here!

The problem with the auto show is the novel technologies don’t really have a plan forward. They show what could possibly be in the industry, but what could become in the future might take in what BMW recently released with their 100 year vision concept vehicle. Meaning that the concept vehicle would be the vehicle which ‘would be released’ (most likely will look significantly different because of market conditions) by BMW 100 years in the future. Another vehicle that is a perfect example is the famous Audi vehicle which was portrayed in i-Robot with Will Smith.

Why can’t we have that car today?

Of course, having been working in the auto industry I can say it’s not as simple as saying let’s design, package and ship it, suppliers don’t want to make a huge jump forward in technology because of the untested materials and huge cost to testing which would need to take place and manufacturers can’t promise that vehicle because if they did, they would be staking their brand equity to push production for the vehicle at such a breakneck speed. Incremental innovation here is the name of the game. Have a product ready for market and push your vision further with scheduled ‘freeze points’ bringing a product to market. Then watch as your competition struggles to keep up with the pace of new technology your company is constantly bringing to market.

So, we get stuck with incremental innovation and this allows for companies to educate (manipulate) customers into future mobility solutions where you know how to use the product over time. Think Apple and their tech hub system. They started with the iPod and now they have the iPhone, iPad, Macbook Pro, Apple TV, and AirPods all seamlessly working together to bring you entertainment, health services, and a platform to share your creativity with the world. That’s their “Why” as Simon Sinek discusses.

What have been some of the most rewarding moments in your journey with Wright One, Inc.?

The most rewarding part of my journey working on Wright One, Inc. has been working steadily through the process of building the business from the ground up. I’ve done this before with my own photography business, Justin McAfee Photography, and the reward of building the company over time was incredibly fulfilling because I got to see people’s faces directly impacted by my work. But one of the most fulfilling moments was getting to see clients’ faces when I gave them something tangible, like a photo album or a photo print.

The tangibility is what I find to be the most rewarding in the journey. Something people can see, touch, feel, and experience. You can take all of my money in the world, but if I get to see the way that my products impact society on a global scale, I will have achieved a life dream of mine. Change my mind, I dare you.

What is your ultimate goal- blue sky dreams- for the company?

My ultimate goal for Wright One, Inc. is for you – for anyone to be able to travel 7500 miles away for breakfast in the morning and be back in time for lunch. Forget flying cars, what about an affordable supersonic craft for agile, rapid, personal transportation.

More than 100 years ago, everybody said humans would never fly. The Wright brothers set out and proved them wrong. Now, I’m doing the same thing with Wright One by building the first commercially viable flying car with a first of its kind electromagnetic turbine. Most people scoff when I say that, picturing something out of the Jetsons. “Flying car” is almost shorthand for pie-in-the-sky technology we’ll never see in our lifetime! We used to dream of the stars, but technology has only given us social media addiction and increasing isolation. But what if things could be different? What if you could hop in your car, push a few buttons, and fly off to see your friend on the other side of the country, before coming back in time for lunch? With Wright One, we’re bringing the boundless optimism of the space age coupled with the limitless potential of the open sky, directly to your morning commute.

Yes, this means I want to create a flying vehicle, something which you can fly yourself with no expert knowledge, no specialized training, an hour and a half, halfway across the globe to go experience breakfast in new, breathtaking locations.

What does the future of flying look like to you?

For me to answer this question, I think the best thing for me to do is tell you about what flying from a general aviation standpoint looks like.

Let’s say that you want to take you and your 3 best friends to a BBQ place which is 20 minutes flying time (about 60 miles away) south of your current location. Here are the steps which it would take for you to get there:

  1. You and your friends get into the airplane 
  2. You get the weather at your current location and you taxi to the runway (this does not take prior planning – this can be completely on the spot, no pre-planning called a ‘visual flight rating’ clearance)
  3. You take-off and fly to your destination (you don’t even have to communicate with anyone in the air – just the tower at your destination after taking off)
  4. You land
  5. You enjoy BBQ – and at the restaurant I am thinking about, they come pick you up on the tarmac after you land in a golf cart to take you back to the restaurant

Compare this to traveling commercially, how much time do you spend in line dealing with customs… getting to your airplane’s gate. The experience is night and day. The stress is night and day. For the 21st century, traveling should be significantly more stress free, no matter the distance.

So now, I want to answer the question of what does the future of flying look like for me? It looks like driving today. Common place, convenient, and boring. The only difference is that flying will be much more stress free than driving on roadways of today. This is because of the amount of space we have in the air to utilize versus the billions of taxpayer dollars we spend yearly to keep up the infrastructure of our roadways.

Last question, do you believe we will live in a Jetsons world eventually?

12066894I get asked this question all the time, and I guess it’s warranted. I typically answer on the spot saying my concept engine is like the Jetsons’ vehicle because it’s the easiest way of framing the conversation in saying this is a GIANT leap forward in turbine technology.

But really, I adjusted a couple of things and came up with a design which makes the current design obsolete. It happens everyday with mature technologies like the jet turbine. We need an electric equivalent. Thing is, when will the public be ready to fly in an all-electric airplane? Only you can help me answer that question!

Star Wars has single handedly birthed a number of technologies just because of things which were seen on set.

This is the remarkable thing about humanity and one thing I love so much about being human. We are able to connect dots which aren’t supposed to connect. We are in essence the very ‘x’ factor which machines, artificial intelligence, tend to avoid. Don’t forget that when you are afraid a robot may be taking over your job in the future. 

Will we live in a Jetson’s World eventually? My answer is no, we will live in a world inconceivable and 100x better than the Jetson’s World because there are people like you, reading this blog post and making connections which aren’t supposed to be made.

Go make something! And tell me about it!

“drivers license” – A Case Study on Why the Song Topped the Charts

A TikTok recipe for smashing records and achieving the #1 spot on Spotify’s Global Top 50

If you haven’t heard the song “drivers license” by Olivia Rodrigo you have probably been hiding under a rock somewhere. Since Rodrigo’s official debut single came out, the song has accumulated over 160 million streams in just 2 weeks. The love song even broke a Spotify record for the most streams in a day for a non-holiday song with over 17 million global plays. We might expect these record breaking streaming numbers from big stars in the industry such as Taylor Swift, Ed Sheeran, or Ariana Grande, but it seems as though Rodrigo has sky rocketed out from obscurity, the majority of her prior releases being the soundtrack from Disney’s High School Musical: The Musical: The Series. So how did this happen exactly? My take on the matter- a story, melody, culture, rumor… and Tiktok.

“drivers license” is an intimate narrative that follows the journey of a young teen who grapples with getting her drivers license alone, rather than with her, now, ex-boyfriend. The ballad begins with the sound of an ignition starting that blends into an intense, steady beat. As Rodrigo describes her plans for their future being crushed by her love moving on, the song continues to build with a palpable energy and strong belting. The ballad reaches its pinnacle at the bridge with layered, breathy vocals which admit to still being in love with the one who has moved on. Undeniably artful, the song channels the lyrical mastery of Taylor Swift and the sound and production quality of Lorde. Without a purely beautiful song, there would seldom be a hit. 

However, there are over 50 million songs on Spotify– what makes this one chart topping? 

There are a few factors at play here, the first and foremost being the power of the increasingly popular video-sharing social media app TikTok. TikTok currently has over 1.5 billion total downloads, making it the seventh-most downloaded app of the 2010s. When users create a video they can choose any song as their soundtrack as well as create their own audio for videos. This is what makes TikTok the perfect place for music artists, as you allow others to evangelize your music organically. When a song on TikTok gets associated with a trend or dance that others recreate and share on their own profiles, the song naturally spreads throughout the TikTok community. TikTok’s nature also makes you want to get in on what is popular and trending. If you hear a song more than three times on your “For You” page, you are going to want to do a little search to hear the whole thing- just a quick switch to the Spotify app.

“drivers license” was a perfectly positioned spark that ignited a wildfire. 

Olivia-Rodrigo-1610556343To date, “drivers license” has been used in over 1 million TikTok videos, that has helped aid in its Spotify fame, showing that fans are not only engaged in listening, but also in the narrative of the song and how it is incorporated in their own lives a.k.a in their TikTok filmmaking. This is a testament to two factors in particular: Rodrigo’s young fanbase being the main users on TikTok, 32.5% of users being ages 10-19, and the culture of todays youth who resonate with the messaging within the song. Although it might seem like a stretch to connect the two, according to the American Psychological Association, Gen Z is 27% more likely than other generations to report their mental health as fair or poor. Couple that with months of isolation due to the COVID-19 pandemic and a prevalent, casual “hookup” culture in young America, this song is used by those on TikTok for a reason- it not only relevant to them, it resonates deeply with them. 

One aspect of our culture that defies age, however, is the love of gossip and rumor. What undeniably helped the song propel itself to the top of the charts are the breadcrumbs that Rodrigo gives the listener. The ballad’s descriptive lyrics have led mega-fans to pull out their drawing boards and get to work. It isn’t a far leap to guess that the ex-boyfriend within the narrative is Joshua Bassett, Rodrigo’s rumored ex-boyfriend who worked closely with her on the High School Musical: The Musical: The Series. Yet, going even further, news outlets and Rodrigo’s TikTok fans began immediately speculating about the connection between the lyrics “that blonde girl” who is “so much older than me” and Bassett’s current girlfriend Sabrina Carpenter. This interest undoubtably increased engagement, not only in TikTok hypothesis videos, but online searches and internet investigating. And the best PR move Rodrigo could have made is not saying a word about it.

“I totally understand people’s curiosity with the specifics of who the song’s about and what it’s about, but to me, that’s really the least important part of the song,” she says. “It’s resonating with people because of how emotional it is, and I think everything else is not important.” she mentions in a Billboard article. The rumors and intrigue go on. 

What can I say? “drivers license” is truly a perfect storm, but a storm that could not have been possible without such perfect alignments. A beautiful song, a viral-inducing marketing platform, some gossip, and a primed audience that has finally found the words that speak for its broken heartedness. I give that three words. 

Well played Olivia. 

Lauren MacArthur on Being a Recruiter and Advice for Job Seekers

Equipping you with the tools to land a job during challenging circumstances.

If you are currently navigating the job space, this article is definitely for you. If you aren’t, make sure to share this post with someone who could benefit from the wisdom of an expert in the recruiting space. Landing a job isn’t easy in a stable environment, making securing a position in our current circumstances an exceptionally difficult feat. My 6 month long job search was one of the most challenging and emotionally draining periods of my life. It can be a battle everyday to wake up with motivation to continue networking, emailing, and applying for positions with hundreds, even thousands, of other applicants. If you are someone who is looking for a job yourself, don’t give up! You are strong, capable, and resilient. A position will come along and, with enough hard work, you will be the one to fill it. Keep going.


I have shared this with someone who needs it!


A daughter, pop culture junkie, friend, movie lover, and fiancé, Lauren MacArthur is many things on top of being an expert recruiter at Veeva Systems, a cloud-computing company focused on pharmaceutical and life sciences industry applications. 

Screen Shot 2020-12-07 at 2.23.47 PMLauren graduated from Muhlenberg College with a Major in English and Minor in French and Creative Writing. When looking for jobs right out of college, Lauren always thought that she would work in public relations or publishing. While looking for opportunities in these fields, however, a staffing agency that she was working with mentioned that she would be a great fit for recruitment. Lauren had no idea what the profession of a recruiter looked like beforehand, yet, once she began investigating a bit further realized that recruiting could be a good fit. Lauren is a people lover at her very core and an opportunity to connect people with opportunities to help their personal growth sounded like an incredible role. 

When interviewing a candidate, here are some things Lauren looks for:

  • A team player

  • Passion

  • Flexibility

  • Innovative mindset

  • Comfortable navigating ambiguity

  • In-depth knowledge of company overall  

  • Self-starter

If she is recruiting for a client facing role, Lauren looks for a strong communicator and the ability to engage well with others. While, if Lauren is looking for a data scientist or a software engineer, she looks for someone who has a strong understanding of specific technical skills. 

For each role that opens up at the company, Lauren meets with hiring managers to get an idea of what they are looking for, what the process looks like, and to ensure she moves through efficiently. Then, Lauren interviews the candidates that have applied. Common questions that she normally asks are (subject to the role): 

“What are you hoping for in your next role?”

“Tell me about a time where you had to work with someone difficult and how you navigated that?”

“Tell me about a time when you had to build a product from the ground up?”

Lauren tries to avoid using yes or no questions, making the questions more situational and open ended in order to get the most qualitative information from the candidate. 

Having been a recruiter for some time now, Lauren notes that she has seen it all, including candidates who forget what role they are interviewing for or what company she recruits for. To avoid awkward interactions with your recruiter, Lauren recommends doing your research when it comes to the company you are interviewing with, enough so that you can have a thorough conversation about it.

“It’s always the best when someone has a lot of questions or fills the full 30 minutes. It is also great to see when someone is truly passionate about their work, where before you can ask them about a certain situation, they tell you about it first. Just be your authentic self.”  

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One of the most challenging aspects of Lauren’s job the push and pull between being honest with candidates in helping them on their career journeys while also valuing the vision of the business and what works for each group. Additionally, Lauren finds that, at times, giving feedback to candidates can be tough, especially when she connects with someone within the recruiting process. Those rejection conversations can be difficult, but transparency is the most important for the candidate experience.

In terms of advice she has for individuals looking for a job right now, Lauren mentions that persistence is key as well as maintaining the connections that you have in your network. It is a long game, not a short one. Any connections that you can make now are going to be beneficial so that when a position does open up, you will be first on their mind, says Lauren. 

One of the most rewarding aspects of Lauren’s job is seeing everything come full circle, when she ends up working with the individuals that she screened for hiring. Veeva is a talent partner based company, which really looks for individuals whose values align with the company, making true fits difficult, but well worth it. Veeva looks for individuals who are not only qualified for the position based on their skillset, but who also align with the values and vision of the company. Engaging with and learning from others on a daily basis is what really makes her job enjoyable as well.

Lauren has seen recruiting change over the years drastically, given that there are so many more platforms, such as LinkedIn, Indeed, Cardea, out there for job seekers. There are a multitude of places that you can get your applicants from. Diversity is also more important than ever before, as there is a greater prioritization in creating a more inclusive and equitable process. 

What does the future of recruitment look like to Lauren?

Lauren sees more systems and automation being incorporated into the process.

“I think in the future there is going to be a day when a computer reads and processes almost all of the information for prospective employees, where applicant tracking systems can help evaluate role alignment. Also, we will be able to have more data and metrics to track performance, productivity, and further perfect our process to attract talent.”  

Additionally, Lauren mentions that talent marketing will continue to grow and expand, companies focusing on emphasizing their talent brand. Sourcing talent is great, but it’s always better to have job seekers coming to you to want to work at your company, Lauren cites. The prioritization of certain benefits has also become more popular, as people have started to care a lot more about work-life balance, benefits, culture, diversity, and resource groups, to name a few.

We live in an ever changing world that continues to require adaptation, resilience, and flexibility, qualities of every good employee. With a little bit of persistence and hope for the future, we will all make it through this challenging time. One day at a time! 

Ari Somerfield on Miles for Smiles and Getting Free First Class Flights

Why pay for adventure when you can get it for free and in first class?

At just 23 years old, Ari Somerfield has a whole lifetime worth of experience as both a passenger and a pilot. Since a young age, Ari has been interested in aviation. On family trips, Ari cites looking forward to the flight more than their actual vacation. Ari’s passion led him to getting his private pilot license with an instrument rating right after graduating from high school. Needless to say an enjoyable Friday night for Ari as a nineteen year old was a bit different from the norm, Ari taking a rental plane to visit friends across Los Angeles to beat rush hour traffic. 

Although he is looking to pursue film professionally, Ari has taken up travel advising in his free time – a true passion. In high school, Ari worked for a luxury travel concierge and discovered the impact of travel points and racking up miles for future travel. It fascinated Ari that, in strategizing how to maximize your points, you could fly first class for free. Shortly after, Ari had made it his mission to discover the ins and outs in regards to how to accumulate points, getting credit card sign-on bonuses, referring friends for credit cards, and transferring points, to name a few. 

After having accumulated enough mileage points, Ari used the points to take his first trip overseas to England, where he flew business class and hasn’t flown anything below business when traveling long distances since. Unlike many travelers, Ari likes to travel for no more than two days to a week, considering himself a homebody. What Ari loves about racking up mileage points is that he can travel the way he likes to, on a whim and for short periods of time. Currently, Ari has over 3 million points and feels best when he has at least 2 million points at a time, so that he is able to take a trip whenever he likes. It isn’t unusual for Ari to fly to Singapore to visit his favorite vegan restaurant or travel to Vietnam for just two days and then hop on a flight back home shortly after. Two of Ari’s favorite flights so far have been his journey from Japan to Singapore, where he had the best vegan meal of his life and his first class trip from Hong Kong to New York flying Cathay Pacific, which he argues has an unparalleled in-flight passenger experience.

In accumulating such vast knowledge of credit card rewards, flying, commercial airlines, planes, and the like, Ari shared this knowledge with friends and family. At one point, however, Ari realized that his passion could be made into a business and started to help others maximize their points in the same way.

Since then, Ari’s business called Miles for Smiles has grown and he has established a process and methodology that he goes through with clients to ensure success. First, Ari has a meeting with his client in order to establish their lifestyle habits and existing credit cards to figure out what program he decides will be best suited for them. From there, Ari advises on which credit cards his client should open and strategizes on maximizing their points. For everyone that Ari works with he guarantees them 500,000 mileage points to use for the future. Ari also has an extensive knowledge of airlines and their product offerings, which will ensure an enjoyable and restful transit experience when he makes the final booking. Singapore Airlines is Ari’s favorite, but he can walk clients through every airline and airplane offered, a credit to his incredible in-depth knowledge of the industry. To date, Ari is responsible for earning 20 million miles for his clients  who have flown in premium cabins across the world and is only just getting started. 

IMG_4288Right now, Ari says that now is the best time to plan for the future and maximize airline points, given that credit card companies are offering some of the best deals he has ever seen, with major sign on bonuses. But what excites Ari about the future? In terms of commercial aviation, Ari mentions

“the advancements that I’ve seen in a short period of time, like the new products and services coming out are incredible, Air New Zealand, for example is rolling out beds in economy class. New things that are really exciting.” As a vegan himself, Ari also notes that airlines are offering more options than ever for the plant based community, a token to commercial airlines continuing to strive towards greater inclusivity in so many different ways. Personally, Ari tells me that one day he wants to get an aircraft of his own that he can fly around with friends and family. While he works towards accomplishing this dream, he also is excited for the day he works with film director Taika Waititi. 

What makes me so certain Ari will reach these goals? His incredible ability to become hyper focused on his passions and find success in whatever he does. Whether it be learning to fly, juggling numerous credit cards and their respective points, or directing a film, I trust Ari to get the job done- and not just well- first class. 


To contact Ari and Miles for Smiles

Website

Email: aripoints@gmail.com

CEO Sit Down: Ivana Mesarić on American Opulence

Thrifting like you have never seen it before.

Palm Beach raised, Boston educated, and currently living in the Orange County area, Ivana Mesarić is a force to be reckoned with, ready to make waves in the fashion industry with her new vintage luxury retail company American Opulence

Ivana has always known that she was destined to be a full-time entrepreneur and, even when she was in Middle School, exhibited some incredible entrepreneurial spirit. Ivana remembers heading to Goodwill with her mom when she was 13 years old during the 2008 financial recession, as her family had encountered hardship. For Ivana, this was a drastic change, however she learned to enjoy the experience, going with a friend to find fun and interesting items. Everything changed one day when Ivana went to Goodwill and found a Tory Burch tunic for $3, which she was able to resell on Ebay for $100. Ivana’s ability to make money this way was mind blowing to her at such a young age. Selling the tunic sparked the idea of buying other things to resell. Ivana quickly began familiarizing herself with designer labels and subscribing to popular fashion magazines in order to educate herself on what popular designer brands she should look for and which would yield the best resale value. As times changed, Ivana transitioned from selling on Ebay to Poshmark and got more serious about her hobby once she moved out to Orange County, California after graduating from Babson College. 

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Although Ivana is currently an analyst at an energy consulting company, she always makes time for thrifting. Having been involved in creative outlets her whole life, whether it be in music, dance, or musical theater, Ivana has always tapped into her creative side. Thrifting was just another way Ivana expressed herself, this time through fashion. “You never know what you are going to find on a thrifting outing,” Ivana says, “which makes it so fun and therapeutic in a way”. One of the most compelling parts of the business for Ivana is making older items look new again, she mentions. She also enjoys having control over the branding, fashion, and overall styling of the pieces. 

While living in the Orange County area, Ivana has curated a large selection of cool items, which got her to consider formalizing her resale business into an exclusive luxury store over the course of the COVID-19 pandemic. Ivana always thought that her transition into entrepreneurship needed to include a world changing idea, yet she realized that it really didn’t have to be- it could be stylish and simple.

American Opulence’s aesthetic is luxurious and fashion forward, most of the pieces being one of a kind, Ivana tells me. One of the company’s main motivations is to convey that you don’t have to purchase from fast fashion retailers in order to be on trend. Surprisingly, Ivana finds a lot of fast fashion items while she thrifts, most likely items sent to influencers in press packages, she informs me. Some of Ivana’s favorite pieces in her curated collection, however, are oversized trench coats that exhibit quality and classic style. Lifetime pieces.  

One of the challenges that Ivana has encountered during the process of starting her business has been figuring out who her niche target market is, seeing that there is a lot of competition in the thrifted fashion space. That being said, as far as the future of thrifted fashion goes, Ivana sees the second hand fashion industry as a huge market that isn’t going anywhere soon. Gucci’s recent collaboration with The RealReal is just one example of how high end designers are trying to leverage the thrift market to the company’s benefit. Looking towards the future, Ivana also senses that getting traffic to the website will become a challenge, which she prepares to mitigate by leveraging Instagram and Instagram ads to target the Gen Z and Millennial market. 

“Even though the market is saturated, it’s not over saturated,”

Ivana says. 

In terms of the future, Ivana is excited about her new company, but also the impact it will have on the world, given that 5% of all of her sales are going to one of her favorite charities called MoviesMakingaDifference. MoviesMakingaDifference is a non-profit that directly aids the survivors of human trafficking and is especially important to Ivana, as she has volunteered extensively for the organization. 

I am convinced that, if Ivana is involved, the future of fashion looks more than bright. 

Rumeer Keshwani on Cryptocurrency and Celsius

The wonderful world of cryptocurrency, blockchain, banking, and more.

Rumeer Keshwani means business and not just any business… cryptocurrency business. Sounds intriguing doesn’t it? To explain a little bit about blockchain and a whole lot about cryptocurrency and its applications, I sat Rumeer down to give us all the details. 

earn_appRumeer currently works at Celsius as a Junior Accountant, a cryptocurrency fintech start-up that is consumer facing. Before graduating from college, Rumeer had his sights on working on the finance side of things at a venture capital (VC) firm with the goal of orienting himself towards tech start-ups, more specifically. However, the more people he spoke with, the more advice he got on working for an extraordinary start-up first, before getting fully involved with investing in them. With that in mind, Rumeer jumped at the opportunity to work at Celsius, which has just closed its $20M series A fundraise valued at $120M and possesses a promising future.

When I asked Rumeer to explain cryptocurrency like he was explaining it to a 5 year old, he described cryptocurrency as “basically, a way for people to exchange value on the Internet, the same way that money is an exchange of value. You can do this by using blockchain, in simple terms, a collection of nodes that exchange information.”

Rumeer went even further explaining that every currency issued by a government nowadays is fiat currency. These currencies are no longer backed by physical assists, rather they are backed by society’s faith in those governments. Communities adhere to certain rules and values that are currency specific. Due to economics the currency’s value will change. Cryptocurrency acts in the same way as regular currency in this regard. Another factor that contributes to its value is also the amount of people who transact and exchange the currency. This strengthens the blockchain ledger that the currency uses, making it increasingly appealing and trustworthy to potential users. 

Celsius is fundamentally different from banks, allowing users to earn rewards from cryptocurrencies transferred to their Celsius wallet. At Celsius, customers can collateralize their assets in order to access the value they have stored in their crypto assets, without actually selling the assets. You earn weekly compounding interest on keeping your cryptocurrency at the bank. At Celsius, you can earn up to 21% annually by keeping your money in a Celsius wallet. The reason why Celsius can offer such high reward rates is because it distributes 80% of its earnings to the community members who have crypto assets deposited in the bank, something that a bank would never do!

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One thing that Rumeer wishes more people knew about cryptocurrencies is that the use cases are so immense, especially in international communities that don’t have stable currencies, such as in Venezuela and Iran. “I wish people knew how much opportunity there is out there and those opportunities exist in front of us every day,” says Rumeer, who believes that skepticism on the value of cryptocurrencies and these currencies being complicated to explain, stands in the way of more consumer involvement. 

If you are willing to learn, the future of banking is up to you to invest in. 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.