After nearly 30 years of selling goods on networks like QVC and HSN, inventor Joy Mangano is launching CleanBoss, a line of hand sanitizing products.
The launch comes as more U.S. cities implement COVID-19 guidelines with cases spiking nationwide. Mangano said the product has been in development for at least five years, but because of the pandemic, she reprioritized the CleanBoss line to get it to market.
This launch, unlike others, was done without a home-shopping platform - a process Mangano describes as “different and not different." She split from HSN in 2018.
While she doesn’t spend hundreds of hours a year selling goods on television anymore, Mangano is embracing social media and the leverage it provides to remain competitive.
“I reinvented myself after standing in front of America in one way for 30 years,” she said.
Despite a difficult time for the economy, Mangano said entrepreneurs can still find success by looking at long-term opportunities.
She also said the social media outlets available today offer "a very big value" for businesses.
“There are so many different ways and different platforms today for people, not just big business out there. The entrepreneur has more paths today than they’ve ever had historically in business and I think that that's a really good thing.”
Mangano’s remarkable life story became common knowledge when it got the big-screen treatment with the 2015 release of Joy, starring Jennifer Lawrence. Now the entrepreneur's story is set to be told on Broadway - once theaters are allowed to reopen.
“I'm very, very excited because it’s going to be such a wonderful story of inspiration and entertaining. The music’s phenomenal,” she said.
The former HSN all-star is also gearing up for a new network television show that is expected to roll out in 2021, she revealed.
Ty Young, CEO of Ty J. Young Wealth Management, joins Cheddar to discuss Trump's moves as he returns to Washington D.C. and how it may affect the U.S. economy.
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
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Emily Hosie, CEO of Rebelstork, explains the concept of Returns Recommerce, plus how her company raised $18M to address the industry-wide issue of returns.
