Most people know that companies backed by the Better Business Bureau are reliable, but there are some companies who deserve recognition above and beyond the BBB’s basic approval rating. To fully recognize those businesses that exhibit an outstanding sense of ethical practice, the BBB presents their Torch Award. In 2017 a locally-based Illnois company known as Aloha Construction won this prestigious award. Based in Lake Zurich, Illinois, this family owned company has been servicing the counties in Illinois and Southern Wisconsin since 2008.
The fact that Aloha Construction received the BBB’s Torch Award is no small feat since this agency uses an independent panel of judges who assess companies on six different aspects of service and performance. As a construction company that specializes in repairing damage caused by hail, high winds and storms, the team at Aloha offers their customers payment plans designed to fit their budgets. This is in keeping with the criteria of maintaining organizational procedures that unifies the company’s mission and provides clarity of purpose. This is just one of the aspects Aloha Construction met when reviewed for the BBB’s Torch Award.
The first two key aspects considered by the BBB for this award pertain to ethical practices as they relate to a company’s personnel. Leaders are expected to uphold high levels of ethical practices in both their business and personal lives as examples for their employees. Founded by Dave Farbaky, Aloha Construction has always employed contractors who are insured and licensed within their chosen fields. They also have their siding contractors go through a specialized training program before welcoming them as part of their team and business family.
The prestigious Torch Award is also given to a company based on their efforts to give back to their community. In order to better facilitate the needs of the communities they serve, Aloha Construction has a branch known as the Dave Farbaky Foundation, through which they partner with area programs to help provide hope to needy families. Through this foundation, they were able to bring joy to a single mother and her daughters by giving them the chance to go on a shopping spree for toys.
There is an advantage to taking risk early in a business career according to Vijay Eswaran. New job Seekers enter into the employment market looking to find a safe place to get started. It is customary to begin at an established organization before taking chances. However, the job market changes rapidly due to the amount of innovation that enters into different industries. Technology is notorious for making previous inventions obsolete. Jobs that are available today will be irrelevant in just a few short years.
Vijay Eswaran teaches that is it is important to gain experience. However, he explains that there are a number of ways to obtain needed training while leaving the door open for other opportunities. Newcomers entering the job market must look for opportunities that fall in line with their qualifications so that they can make an immediate impact on an organizations. Whether to join a major business brand or a new startup company with a smaller team is an important decision. This is a painstaking process that must be given careful consideration. Matching personality with the work environment is a key issue when choosing employment.
There are both disadvantages and advantages to working with small companies as opposed to large power networks. There is a great deal of opportunity with a small start-up because the new executive will have a large amount of responsibility. They will be expected to carry out every aspect of their ideas and develop them from start to finish. There is no room for the delegation in a smaller company because the manpower is not there.
The new job seeker must have one hundred percent belief in the vision that the startup company has dedicated itself to. The environment will be changing rapidly because the company is new and adjusting to the market that it operates in. This is the opposite type of environment that exists in a large organization that has an established process which rarely changes.
Vijay Eswaran is the Executive Chairman of QI Group, which is a multi-level marketing company based in Hong Kong. Vijay obtained a socio-economic degree while spending time in Europe before moving to the United States to earn an MBA from Southern Illinois University. At this point Vijay began to show interest in multi-level marketing.
Find out more about Vijay Eswaran: https://www.qbuzz.qnet.net/blog/2016/01/26/qnet-founder-vijay-eswaran-speaks-world-economic-forum-2016/
“San Francisco based e-commerce entrepreneur, Julie Wainwright established a fashion website which she called the RealReal. The company was established in 2011 and is known for selling authentic second hand designer consignments.
The company works with a consignment model, where sellers bring their goods over to the company, after due assessment on the value, the company then sells the items and share the proceeds. The company employs an in-house authentication team that reviews every item to ensure there are no fake products before they put them up for sale to the general public on their website.
RealReal started off as site where only women’s luxury fashion are sold. but now, they have expanded into selling of menswear, art, watches, jewelry etc. Last year, the company sold over $100 million in watches and fine jewelry.
The reason RealReal takes on selling jewelry in addition to the primary focus of selling apparels was to cater for their client base, who were always asking for their jewelry to be sold for them on the website. The company accepted for clients to bring in their jewelry and watches for sale on the site. There is a gemology and a watch expert on site to check the quality before it gets listed to the public. And this gesture exploded the business.
The RealReal business keeps expanding since inception. The company which was established only in Francisco, is now cutting across the whole USA and has opened about six valuation offices in the last 18 months. The valuation offices are located in New York, L.A., Chicago, and Washington, D.C. The RealReal company have over 800 employees across the country and has made about $123 million in venture funding by 2017. With the goal of achieving $500 million in gross merchandise value at the end of 2018.
The CEO of RealReal, Julie Wainwright mentioned she won’t be financing another investment after her company’s next round of private financing. But surprisingly, she is planning to embark on a new investment. This could be because the market for second hand goods is expanding and they need to ensure they are on top of it. On the other hand, it could be that the company is yet to reach the targeted goal for their investments in the sales of second hand goods.”