In the battered fintech sector, one company has weathered the industry’s perennial challenges and come out on top. GreenSky is one of the only remaining fintech companies that has proven to have a truly profitably business model that has made money year in and year out.
The company was founded in 2006 by polymathic entrepreneur David Zalik. Zalik had been tossing the idea for GreenSky around for a couple of years. As a principal in e-consulting firm Outweb, he had worked extensively with some of the biggest players in the home-improvement business. He realized that there was a huge opportunity for someone who could help contractors to overcome the sticker shock that many customers were experiencing as job bids came in wildly above what they had expected.
What Zalik realized is that the home-improvement game was an area where everyone involved could consistently profit with near certainty. The homeowners themselves could proceed with projects that would have otherwise certainly fallen outside of their budgets. This would allow homeowners to create the living environments they desired as well as helping them to increase the value of their homes.
At the same time, the GreenSky platform has been a godsend for contractors. Before, contractors had no way of providing bridge financing to customers. While bridge financing is a critical part of larger real estate development and improvement projects, with major real estate developers having access to sophisticated credit lines that allow them to stay nimble as investors, few, if any, average Americans have access to the kind of 5- and 6-figure revolving credit that is often needed to complete major home renovation projects. Now, GreenSky had provided these customers with the functional equivalent of bridge financing for individual homeowners.
Finally, because the average GreenSky borrower has a FICO score of 760, the lenders themselves were able to benefit from their relationship with GreenSky by padding their books with top-quality loans. GreenSky currently works with 14 of the top lenders in the United States, including Fifth Third Bancorp, Sun Trust and Region’s Bank. The company is positioned soundly for continued growth.
With the idea of “selling energy by word of mouth,” Stream Energy was born in 2005. Headquartered in Dallas, Texas, Stream Energy is one of the leading direct-selling energy companies today. Since its beginning, Stream Energy has expanded to offer a wide range of services from energy, wireless, protective, to home services.
A Brief History
In 2005, founders Rob Snyder and Pierre Koshakji thought of an idea to sell energy “by word of mouth.” Five years later, they expanded to offer services in Philadelphia and surrounding areas. Along the way, it was not only about providing energy services, but it was also about expanding to other services that are important in day to day lives. Stream offers innovative services like Virtual MD. A service that allows you to interact with a healthcare professional from home. Today, they now offer services in Texas, Georgia, Pennsylvania, Maryland, New Jersey, New York, Washington D.C., and Illinois.
Beyond Corporate Responsibility
In 2016, Stream established the Stream Cares Foundation and their philanthropic program called Stream Cares. The Stream Cares Foundation and Stream Cares aims to aid people who are in need. They work to support communities and local charities. With a “built up long-term relationships with Habitat for Humanity and the Red Cross,” Stream Energy has established its humanitarian efforts as part of their “DNA”. In an article featured on patch.com, Stream Energy showcases their philanthropic efforts. In it, it describes when Hurricane Harvey flooded Houston neighborhoods, Stream Energy was one of the first to fund recovery efforts. By working with local charities, the Stream Foundation and Stream Cares mobilize to give more than just monetary contributions.
Homelessness is also an issue closely monitored and equally important to Stream. The article goes on to describe that Stream partners with the Hope Supply Co. by providing essential programs and items to homeless children in Dallas, Texas. They are known for the annual Splash for Hope event. This event, allows homeless children to experience a fun-filled day at a waterpark. Its goal is to give homeless children an opportunity to break free from their day-to-day worries from being homeless.
Fortress Investment Group is a large institution that is doing well in the international market. The institution is led by Randal Nardone. His leadership skills have played an important role towards the success of the institution. The institution has been in business for almost two decades. Randal Nardone has been the institution’s principle from 1998. In August 2013, he became the Chief Executive Officer of Fortress Investment Group LLC. Fortress Investment Group is an investment management firm responsible for directing assets worth over $43 billion for more than 1,750 investors in hedge funds, private equity, vehicles, and permanent capital. The institution utilizes the strong risk-adjustment returns strategy when dealing with their investors. New York is the Fortress Investment Group headquarters with over 900 employees. The institution also specializes in operations management, corporate acquisitions and mergers, and capital markets.
Randal Nardone is also a director for Alea Group Holdings Limited, Springleaf Finance Inc, and Brookdale Senior Living Inc. His education background has also played a significant role in his leadership roles. He acquired a J.D from Boston University School of Law. He also received a B.A from the University of Connecticut. Randal Nardone worked as a member of executive committee of Thatcher, Profitt, and Wood law firm. The experience he gained while working as an executive committee member set his tone for his future role in his current positions. He has also worked as a principal at BlackRock Financial Management. He later became the managing director at UBS.
SoftBank intention of purchasing the Fortress Investment Group was because SoftBank admired the institution’s tactics of leadership. Therefore, Randal Nardone will not be pushed aside since they intended to use the already existing management. Mr. Nardone further stated that he intends to retain his position in the institution. His success in business has placed him at number 557 ranked billionaire with a net worth of $1.8 billion.
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Achieving success in your career is not easy and requires hard work and being visionary. When it comes to starting and succeeding in business, you have to have a vision and know the direction your company will take. That is what has taken Shiraz Boghani to become one of the recognized hoteliers in the world. He has passion, and he is committed to ensuring businesses succeed. That is what led him to become the hotelier of the year.
He has been serving the Splendid Group as chairman. He has years of experience in business, and that is what has enabled him to succeed in his various endeavors. His experience cannot be matched, and he has a proper understanding of the markets. With this understanding, he can know the opportunities available to be exploited and the potential threats facing industry.
He has established twenty successful and prestigious hotels in the UK. He is the one who guides and coordinates activities in these hotels to ensure they excel and provide excellent services. The best part with Shiraz Boghani can incorporate his accounting skills and business management skills. That is what he has used to lead Splendid Group to be how it is today. The idea of venturing into a hotel business came in the 1990s when he stopped working as an accountant for other companies.
He not only serves Splendid Group as the chairman but he also serves as the chairman of Sussex. He has provided a lot of services to this healthcare to see it succeed and help those who are physically and mentally disadvantaged. With Sussex healthcare, senior citizens have found a place they can call home. Those with disability have also got the best chance to live without suffering. Shiraz Boghani ensures all patients are in good conditions and are satisfied with what they get.
Shiraz Boghani outstanding leadership has ensured the success of Splendid Group. Since the company started, it has been growing steadily, and this is because of insights and dedication of Boghani to see it succeed. He is also involved in other charity organizations. Through his contributions, many have changed their lives.
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OSI Food Solutions Spain has a plant in Toledo, Spain. The plant has increased its production of chicken products after expanding its Toledo plant. In the expansion, the firm has added new facilities in its production line that are high capacity. The plant is now producing 24,000 tons of chicken products from 12,000 annually. Essentially, the new expansion has led to a double increase. Toledo plant has increased its output to 45,000 tons of chicken, beef, and pork. There has also been an increase in the number of workers employed in the plant by addition of 20 more. After creation of a test kitchen, the position of product development manager has been created to facilitate the growth of the business by creating new food products.
The recent expansion of OSI Food Solutions has been necessitated by the high demand for chicken products in Spain and Portugal. According to statistics, the number of people consuming chicken products in these two countries for the past one decade has grown tremendously. In the last three years, there has been a growth of 8% annually. The recent expansion led to an increase of the facility by 22,600 square feet. The expansion has created more room for storage, shipping, production and service areas.
According to the President and Chief Operating Officer of David McDonald, the expansion will expand the portfolio of the products. This will lead to more products being offered to the consumers. McDonald is also happy about the new job opportunities that have been created in the industry. OSI Food Solutions is creating a business that is productive yet sustainable. The newly installed facility at Toledo has decreased powered consumption by 20%. The company is implementing environmentally friendly production methods.
Sheldon Lavin is the Chief Executive Officer and Chairman of the OSI Group. He is the most long-serving executive of this company. He joined food company in 1975 and has held his position to date. Sheldon Lavin was brought into the company to help the then management to run it as it was expanding its operations internationally.
OSI Food Solutions is led by a visionary leader who wants to see it expand to more places in the world. Currently, it is in 17 countries and has over 65 facilities all over the world. The company has been expanding by implementing an acquisition plan that has seen it take over businesses in different countries, some of the recent acquisitions that they have made include Flagship Europe and Dutch food company called Baho Foods.
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The European manufacturer of medical technology Bone Index Ltd. and US preentative screening clinic Life Line Screening partnered up in September 2017 to put their heads together and provide the United States with a new method of bone density screening.
The innovation of the product was prompted by the huge percentage of the US population that has osteoporosis. In the United States of America, the population suffers at least two million broken bones due to osteoporosis. As it is difficult to diagnose patients with the disease, people are left unaware that they have the bone diseases, and so they never get treated and are not being careful.
The reason as to why osteoporosis is left undiagnosed lies in the method doctors use to do that. The machines used are large and expensive, and only hospitals with DXA X-ray machines are able to diagnose osteoporosis. The bone density index machine called Bindex is a game changer of the US population as the innovation will make bone screening more readily available.
The CEO of the company Bone Index Ltd. Dr. OssiRiekkinen shared some insight about their project with Life Line Screening. The product has 19 patent distributed around the globe.Other than in the United States, Bondex is available in large countries in Europe, as well as Japan and Chine. In Finland, the product is used in the most significant screening campaign for osteoporosis in the country. The company also originated from Finland.
So what exactly does Bindex do? The device is able to measure the cortical bone thickness of the tibia. The measurement is used by the algorithm to calculate the density index. The Density index is a parameter estimating the mineral density of the bone at the hip similar to how the DXA measures it.
This device is likely to lower the number of broken bones per year caused by undiagnosed osteoporosis and to help many people start treatment to ease the disease. According to the Vice President of Business Development of Life Line Screening Mrs. Kelly Daubach, there will be no other company in the United States that will be able to provide a safer and more straightforward, and more accurate test for the bone disease than them.
Life Line Screening is present at about 15 000 screening events across the United States of America. The company also provides ultrasound screening for testing for vascular diseases among other types of preventative screening.
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