Good morning! Don’t forget to turn on your OOO this Friday. Yes, I mean Friday and not just Thursday. Because, let’s be real…

Anyways, let's take a look at this week's trending content.

TRIVIA

Which small business entrepreneur is known for turning a simple idea for a new kind of mop into a multimillion-dollar business and becoming a prominent figure on HSN (Home Shopping Network)?

A) Lori Greiner
B) Barbara Corcoran
C) Joy Mangano
D) Daymond John(see bottom for answer)

NEWS

Headlines

• May PCE Inflation Report: Key Insights for Small Business Owners

• SBA offers $30M in grants to Women's Business Centers, supporting women-owned businesses with training, counseling, and funding access

• Small Businesses Tap Into 'Buy Now, Pay Later' Trend to Boost Sales

• A 36-year-old single mom explains how she turned her skill for getting people to open their emails into a business that brings in $40,000 a month

FEATURED

Meet The Chief of Staff: The Trendiest Executive Position in Business

What is a Chief of Staff, and what does a Chief of Staff actually do?

The corporate Chief of Staff is the private sector’s innovative response to rapidly increasing complexity and competition in business. The CoS impacts organizations by creating structure from chaos, serving as an impartial strategic advisor, and acting as chief-get-it-done-officer. Ultimately, the CoS handles all kinds of tasks not covered by an existing member of the…

Interested in getting you and your brand in front of 20,000+ eyeballs? 👀👀

Check out our opportunities for contributions, sponsorships, and advertisements.

ACQUISITIONS

Stanford GSB Releases 2024 Search Fund Study

Stanford Graduate School of Business (GSB) has unveiled its highly anticipated 2024 Search Fund Study, offering a deep dive into the outcomes of 681 search funds formed in the U.S. and Canada since 1984.

This year’s report highlights a record-breaking 94 core search funds launched in 2023, marking significant growth in the community. Key findings reveal an internal rate of return (IRR) of 35.1% and a return on investment (ROI) of…

OPERATIONS

Steve Jobs on Marketing With Values (Video)

Steve Jobs is the best marketer in history.

According to Jobs, values are the most powerful tool in marketing.

What most people do: Market products without a clear mission.

Instead:…

• How to Value a Main Street Business

• Earn With Your Skills, Not Your Hours. Framework:

• Transforming the Mundane: Why Following Yeti's Premium Playbook Could Be Your Next Big Business Move

• Unlocking the Power of People: The Secret to Loving Your Role and Boosting Company Success

TOOLS

LOI Template

This easy-to-use template is designed to clearly outline the key terms and conditions of your proposed deal, ensuring both parties are aligned. Save time with a professional, well-structured LOI. Ideal for entrepreneurs looking to facilitate smooth and efficient transactions.

• Market Terms

• Created by Experts

• Fill in the Blanks

FUN STUFF

• Baby moose trapped in a lake is saved by Alaska man and police as its worried mom watches

• 'Shrek' character, Donkey, is getting his own movie

• Reminder that American swimmer Katie Ledecky might be the best athlete of all time

• The BEST lo-fi coffee shop jazz to make your work day more enjoyable

SHOP

Small Business Echo T-Shirt 📣📣

TRIVIA ANSWER

C) Joy Mangano 🪣

“Joy Mangano is an American inventor and entrepreneur, best known for inventing the Miracle Mop, a self-wringing mop that became a household sensation. She started her business in the early 1990s, initially selling her product locally and later achieving significant success through home shopping television channels like HSN. Mangano's success story was widely publicized, and she became known for her innovative household products and her ability to market them effectively. Her life and business journey were also depicted in the 2015 film "Joy," starring Jennifer Lawrence.”