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Exam Code: EC0-232 Practice test 2022 by Killexams.com team
EC0-232 E-Commerce Architect

The Dell Certified Master- Enterprise Architect (DCM-EA) validates the master skillset of designing efficient and secure ITaaS solutions aligned with strategic business goals.
A Dell Certified Master in Enterprise Architecture is a member of a distinguished community of professionals. In addition to deep technical knowledge, they have broad business knowledge and the skills necessary to drive the development, specification, and communication of solutions to meet business and IT transformation needs. A Master Enterprise Architect understands the complexities of ITSM, development, IT and data center processes and other formalized approaches to delivering business value. Arguably, The Master Enterprise Architect can be the most influential recommenders within a business environment. This certification validates all of these skills.

The DCM-EA program:
• Allows DCM-EA certified individuals to differentiate themselves in the marketplace as having demonstrable mastery of enterprise architecture
• Allows client organizations to verify that practitioners have the necessary knowledge and skills to successfully design enterprise architectures that includes Dell Technologies solutions
• Enables organizations (clients and partners) that require this level and breath of design benefit from a body of practitioners that have validated their knowledge and skills relevant to performing this complex task
Benefits of Becoming a DECM-EA
• Industry recognized certification
• Validation of advanced level mastery of enterprise architect skills
• Member of an elite community with unique, transformative skills
• Invitation to reception for all masters already attending the next scheduled Dell Technologies World
• Online community to share ideas, research, and guidance and access internal resources
• Dell EMC Certified Master-Enterprise Architect logo gear
• Opportunities to continue learning through DEES education and Proven Professional Exams

Mastery of syllabus within the Business Enablement category that must be conveyed within the project files are broad and will vary by customer. They include, but in no way are limited to understanding the customer business direction, how they are organized and how IT resources are consumed and funded. The projects must show an understanding of the IT maturity level of the organization, the application stack that runs the business, and how the solution can be presented in business terms with compliance, security and risk management addressed throughout.
• Business Direction
• Business Organization
• Continuous Innovation
• Resource Consumption Model
• Strategic Business Plan
• Maturity Models
• Risk Management
• Solution Business Case
• Lifecycle
• Application Roadmap
• Compliance and Security

Technology Strategy looks at the architecture decisions made and seeks to understand the mastery of mapping the technology and IT capabilities to that of the business direction, and defending those decisions within the context of the business requirements. Insights to innovation, risk management, compliance and security are looked at as well.
• Architecture Decisions
• Technology Portfolio
• Business and IT Alignment
• Technology Innovation
• Maturity Models
• Risk Management
• Compliance and Security

Solution Planning is the final aspect of project review. A display of understanding of how the technology will be implemented within the operating model including SLA/SLO considerations. It shows an understanding of all applications and system interdependencies and all functional and non-functional requirements.
• Operating Model
• Assumptions
• SLA/SLO
• System Context
• Risk Management
• Maturity Models
• Functional and non-Functional requirements

Mastery of syllabus within the Business Enablement category that must be conveyed within the project files are broad and will vary by customer. They include, but in no way are limited to understanding the customer business direction, how they are organized and how IT resources are consumed and funded. The projects must show an understanding of the IT maturity level of the organization, the application stack that runs the business, and how the solution can be presented in business terms with compliance, security and risk management addressed throughout.
• Business Direction
• Business Organization
• Continuous Innovation
• Resource Consumption Model
• Strategic Business Plan
• Maturity Models
• Risk Management
• Solution Business Case
• Lifecycle
• Application Roadmap
• Compliance and Security

E-Commerce Architect
EC-Council E-Commerce basics
Killexams : EC-Council E-Commerce basics - BingNews https://killexams.com/pass4sure/exam-detail/EC0-232 Search results Killexams : EC-Council E-Commerce basics - BingNews https://killexams.com/pass4sure/exam-detail/EC0-232 https://killexams.com/exam_list/EC-Council Killexams : Three Ways Pricing Automation Can Transform How E-Commerce Companies Operate

Burc Tanir is the CEO of Prisync, the pricing optimization software company helping e-commerce businesses apply smart data-driven pricing.

2022 is clearly not the year of e-commerce.

One could even state the very opposite after reviewing all the stats out there.

According to the most latest Mastercard SpendingPulse report, physical store sales have increased by 10%, while e-commerce transactions have decreased 1.8% from a year ago. From another viewpoint, research (download required) reported that, on average, the online store share of total spending lifted sharply from 10.3% in 2019 to 14.9% at the pandemic’s height. However, it then declined to 12.2% in 2021. Including the inflation, the ever-expanding CPC costs across all types of paid advertisement channels and the intensifying competition, the overall outlook for the market is even less rosy.

In short, it’s getting tougher to get customers to your store. Therefore, it makes sense to maximize what you already have in an effective and efficient manner. A key transformative strategy that innovative e-commerce companies use in this pursuit is pricing automation.

In this piece, I'll walk you through three significant ways pricing automation transforms an e-commerce company’s operations while explaining why automating pricing in e-commerce matters.

1. Saving Time And Money

Let's start with the obvious.

E-commerce may look digital on the surface. However, in the background, it's good old retail fueled by tech. We all know that retail consists of various labor-intensive operations.

Just like any other retail operator, an e-commerce operator needs to deal with both the supply and demand sides of the business. As for the supply side, one needs to take care of identifying, curating and sourcing the right set of products, and as for the demand side of things, an operator needs to deliver those products to their customers. This journey—from the manufacture of an item to the hands of a customer—is technically what an e-commerce company needs to outcompete its harsh competition.

The main driver of this competition in today's somewhat shrinking inflationary economy is price. Therefore, offering attractive prices has become an even more striking value proposition for all sorts of e-commerce companies.

However, without a decent amount of competitive intelligence, one can hardly claim to be competitive enough. Say you set a very attractive price for an item by looking into competitor prices one day. The problem there is that a typical e-commerce company carries about 2,000 to 3,000 items in stock, and they also typically have dozens of competitors retailing the same assortment. So, you can't technically repeat those price checks manually for all of your assortment and competitors. Adding to that complexity, online prices tend to be very dynamic (i.e., one price you spot on a competitor's website might change in minutes).

Theoretically speaking, it'd require too many human hours to maintain comprehensive and dynamic competitor price tracking in a manual way. It'd be a big waste of scarce e-commerce talent and the cost of labor.

By automating the competitor price tracking process, an e-commerce company can generate thousands of live competitor pricing data points immediately, spot the outliers with a few clicks and quickly identify its action opportunities.

2. Mitigating (Unforced) Pricing Errors

"Oops, I forgot to add a comma there!"

If you know this sentence, you know it.

Handcrafting price lists for your items may look like a bulletproof way of handling things, but we, the human computer operators, make mistakes (in this case, typos)—quite frequently.

Typos are not the only reason why e-commerce companies make pricing errors, though.

We could also call setting up online prices at a suboptimal level an error. Crunching only what's available (mostly limited data collected by hand) and coming up with the "ideal" price might not necessarily supply you the ideal price you'd otherwise get if you or an automated pricing engine made a thorough analysis and calculation.

Needless to say, computers are superior to humans in crunching and storing massive amounts of data.

Pricing automation consists of this bit of data analysis in which the pricing engine recommends the optimal price by taking the profitability of the product into account, and it helps e-commerce merchants to mitigate setting suboptimal prices and making a costly pricing error in today's very competitive landscape.

3. Boosting Return On Investment

As I stated in the opening, customer acquisition costs across all sorts of paid channels are also on the rise. This simply means that bringing customers into your online store is now costlier than ever. Converting that expensive traffic into sales has become a very important strategic priority for all e-commerce companies, regardless of their size or industry.

Attractive prices are a powerful conversion magnet—just as unattractive prices are great repellers.

I've already mentioned how pricing automation can help e-commerce companies set optimal prices and convert their paid traffic into more sales and Improve their return on investment. There's one other often neglected initiative that pricing automation could trigger.

By automatically assessing how competitive one's prices are, one can immediately spot which items in their assortment could result in better conversion rates while also delivering satisfactory profit margins. Similarly, one could also identify the items that would perform badly.

By better managing its paid marketing budget in the sense that the more competitively—and attractively—priced items get more exposure and the remaining gets none or limited, an e-commerce company can simply boost its paid marketing ROI and can spend burning cash.

How To Get Started With Pricing Automation

The first step is the competitor price collection part. To automate this, e-commerce merchants should create a list of competitors and decide on their own assortment to be monitored versus their competitors'. The second step is using all of this automatically generated competitor pricing information while making automated pricing adjustments. Merchants also need to have an overall pricing strategy in mind, which could then be inputted into the pricing automation engine.

Conclusion: Pricing Power

One key characteristic of the winners of markets like today's has always been pricing power.

Achieving that without automation in a super data-intensive market like e-commerce is unthinkable.

E-commerce companies of all sizes should consider prioritizing automating their pricing processes today if they have not already and enjoy the transformative journey waiting for them ahead.


Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?


Wed, 03 Aug 2022 01:00:00 -0500 Burc Tanir en text/html https://www.forbes.com/sites/forbestechcouncil/2022/08/03/three-ways-pricing-automation-can-transform-how-e-commerce-companies-operate/
Killexams : Walmart is laying off corporate employees

Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a rare profit warning.

In a statement, Walmart confirmed it is "updating our structure and evolving select roles to provide clarity and better position the company for a strong future."

Walmart, the largest US retailer, noted it is still investing and adding jobs in key areas such as e-commerce, advertising and supply chain.

A person familiar with the matter told CNN the layoffs began this week.

The job cuts come after Walmart last week cut its profit outlook for the second quarter and the remainder of the year, warning that high food and fuel costs have impacted how customers spend. Walmart said it has been forced to cut costs on various items, including apparel.

Walmart also warned that it expects a slowdown in customer spending for general merchandise for the second half of the year.

™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

Wed, 03 Aug 2022 06:08:00 -0500 en text/html https://fredericksburg.com/walmart-is-laying-off-corporate-employees/article_efa41ef2-ec7b-52fc-84d6-9eccd4d1677a.html
Killexams : CAP Tracker: From planning to planting

Government crisis might further delay the final text: Italy was expected to present its strategic plan by the end of July but the government crisis triggered by PM Mario Draghi’s resignation might further delay the drafting of the final text. According to an Italian diplomat, the government is meeting with representatives of the regions on a weekly basis, while the national Parliament has also played a crucial role in putting forward useful proposals.

In parallel to the finalisation of the plan, the agriculture ministry and the payment agency are working on reorganizing the national information systems, which involved a big investment as the country has to introduce data governance.

Observation letter: Italy decided to publish its observation letter from the European Commission, which you can find here.

Plan submitted: The Italian ministry of Agriculture submitted the plan to Brussels in the first days of January (the news on the ministry website is dated January 7), despite previous suggestions that Italy was behind schedule. You can find a link to the plan here.

Main objectives: The main objectives outlined in the plan are to enhance the competitiveness of the agricultural system from a sustainable perspective, to strengthen the resilience and vitality of rural areas, to promote quality agricultural and forestry work and safety in the workplace, to support the ability to activate exchanges of knowledge, research and innovations, and the optimisation of the governance
system.

Show me the money:  To reach these goals, the plan earmarks €10 billion, between the first and second pillar, for interventions with clear environmental purposes, with 25% of direct aid resources will be allocated to 5 national eco-schemes, as well as €2.5 billion for organic farming and €1.8 billion euros for the improvement of animal welfare conditions and the fight against antimicrobial resistance (AMR). It also provides €3 billion for new risk management tools.

Plan slammed by NGOs: The plan has not satisfied environmental NGOs. For example, the Cambiamo Agriculture coalition (which
includes FederBio, Legambiente, WWF, Slow Food and Lipu) said in a statement that the plan is “against nature” because the part on biodiversity conservation has disappeared from the final version, and the set of measures envisaged is very uncertain. “Insisting
on investments all concentrated on conventional agriculture will open up a worrying prospect also on the economic and employment level,” the NGOs said, adding that, by distancing itself from organic farming, Italy risks “losing the leadership gained over the years”.

But no major changes foreseen by Italy’s agri minister: Stefano Patuanelli, Italian minister of Agriculture, told EURACTIV Italy that while some observations from Bruxelles may arrive on how to apply the eco-schemes, he doesn’t think there will be “wide-ranging objections”. In the meantime, the Italian government is “discussing with the regions on the FeAsr division, that is, on the regional allocation of the resources of the second pillar,” he said.

Commission recommendations: Italy should address the low level of digitalisation in agriculture completing investments for fast broadband connection coverage reaching the door of all households in rural areas. In a bid to mitigate climate change, it should be ensured an appropriate blend of voluntary interventions and obligations such as supporting practices leading to more efficient input use. Encouraging more young people to move into farming, improving animal welfare especially for pigs and laying hens, and enhancing the increasing trend of areas under organic farming are among the other recommendations for Italy.

Thu, 28 Jul 2022 23:44:00 -0500 en-GB text/html https://www.euractiv.com/section/agriculture-food/linksdossier/cap-tracker-from-planning-to-planting/
Killexams : 100X.VC’s Sanjay Mehta’s Eight-Point Formula To Evaluate Startups, And How Angel Investing Can Create Wealth

With four unicorns in his portfolio, a massive 280X exit from OYO and a burgeoning portfolio of promising soonicorns, Sanjay Mehta is one of the most prolific angel investors in the Indian market

Even as the investment and startup world is talking about a slowdown, Mehta and 100X.vc have decided to double the ticket size for investments to make most of the opportunity in green deals

Mehta believes that if angel investors can survive this turbulence with a healthy portfolio of growth stage and early stage bets, then they can reap bigger benefits from the bullish times that we expect to see in two years

With four unicorns in his portfolio, a massive 280X exit from OYO and a burgeoning portfolio of promising soonicorns as well, it is hardly a wonder that Sanjay Mehta attracts a huge following in the world of angel investments.

The Mumbai-based serial investor is habitually among the most active angel investors in India and has been a regular figure in the startup ecosystem since 2010, when the limelight was smaller and muted. After investing as a limiter partner in funds and through angel networks, in 2019, Mehta founded 100X.VC with a cohort-based investment model and an INR 125 Cr corpus (over $16.5 Mn) to back 100 early-stage startups.

Now in April, even as the world is talking about a slowdown, Mehta and 100X decided to double the ticket size for investments, because as the man says, “There’s no crisis. All angel investors should be in acceleration mode.”

That’s something he even professed during the early months of the pandemic in 2020, given that he is a firm believer in the power of technology to change the world.

Speaking to Inc42 about how he approaches investment in this day and age, Mehta says his questions to founders and startups have remained more or less the same over the decade-plus of being an angel. He spells out the eight questions that should help all angels get to the bottom of the potential opportunity in any startup.

Sanjay Mehta investor profile

Learn More About AngelX

Edited excerpts 

Inc42: How did you get your start as an angel investor? And you have seen the startup and tech ecosystem grow and mature tremendously — what were the landscape like a decade ago?

Sanjay Mehta: But I am someone who has seen the dotcom bust and my biggest learnings have come from how entrepreneurs deal with the whole cycle of ups and downs. What do they feel when ideas fail and when things go down? How do they hire and fire? And I have seen that up close.

I started as an entrepreneur myself and exited two software companies. My first brush with investments was as an LP actually in 2010. When you have exited companies, typically wealth managers come and pitch you to become an LP. So I started out with the Aditya Birla Private Equity Fund, which was the first homegrown private equity fund. That was my first exposure into this asset class, but I found it very passive. It was like receiving quarterly reports but that wasn’t really that exciting.

I also knew Harish Mehta, who is the founder of NASSCOM, and I was part of the regional council. In one of the meetings, he said, ‘Why don’t you join Indian Angel Network?’ He said that as angel investors, they always need insights on the companies that come their way he sensed that I can evaluate tech companies better. So I joined in and that’s where the real journey started.

Things were obviously much slower then. But unlike say being an LP I used to enjoy the process of evaluating deals that came from all over India. This was like active investing and I could contribute to startups. But becoming an investor was not by design, it just happened to me. I have been lucky in that sense.

Now 10 years later, I would say that it has worked out very well. I have four unicorns in the portfolio. I have constantly expanded my horizon and invested in various other asset classes, and now web3 is coming up, which can change everything again.

Inc42: Is luck such a big factor? And what exactly do you mean by you got lucky? Surely your experience as an entrepreneur in evaluating companies also has a role to play in this success? 

Sanjay Mehta: I may be wrong or right I don’t know but this is my belief that you know, if you are committed to your cause, committed to whatever you are building, you will definitely see luck coming your way. I mean strokes of fortune built on hard work. And you also get lucky when you spend time around people who have already benefitted from this so-called luck in their past.

The most successful ones are the ones that commit themselves to success. Luck is a result of whatever actions you took earlier no matter how seemingly insignificant they are.

Like if I had not committed small capital to OYO, I would not have earned that success, but I saw the promise and because I committed I saw the upside. This so-called luck was a byproduct of hustle and hard work in backing the startup throughout its journey. And you obviously still have to have a thesis and can’t just say that luck will take you there.

Inc42: So let’s jump into how you did it.  

Sanjay Mehta: I think of the thesis as a compass. It gives you direction. And it’s a living statement; you have to revisit it continuously as the information flow comes in, as you get more and more enriched by the changing environment. There’s a standard pattern for building an investment thesis, building blocks so to speak.

The first piece is the investment horizon: For someone who is starting out, it can be something like three years or five years, and then as you mature, it can grow to a ten-year horizon.

The second is your risk appetite — This answers the question of what kind of capital you want to invest and when you want the liquidity.

Third, we will figure out the sectors — Some sectors you will know well and others you may not. But that does not mean you pass up the opportunity for the latter. Find other angel investors, who are experts in that and piggyback with their expertise. This is also where the network comes in. Once you step into a new sector, learn as much as you can about it.

Lastly, we will demarcate our corpus and create a structure for the first cheque and the follow-on for the winners in the portfolio. This will supply us the ticket size. There’s a saying in venture capital  — Feed the winners, starve the losers. It may seem unfair, but that’s how it is and angels need to reserve capital for follow-on rounds.

These are the basic questions that will help anyone arrive at their thesis. But it will take at least six to 12 months to answer them properly. The first few deals can be a spray-and-pray approach, but by the end of the first year, one needs to have a bankable investment thesis.

Inc42: The horizon aspect is interesting because in the past two years, we have seen a lot of public markets mindset in startup investing. Did you have to alter your mindset when you started out? And how would you advise unfamiliar investors to approach this asset class. 

Sanjay Mehta: I had an advantage. I was never a public market investor, because I was very focused on building companies. I always had a mindset of building things in India. And the same goes for my startup investing principle till today. At 100x.vc we don’t invest in any company outside India. Of course, I have a family office with my brother who stays in LA, so we invest into everything through that. But my personal thesis through 100x is to invest in Indian companies.

A lot of people think startups are a risky asset class. But for me, this is not a risky asset class, because this is the only asset class — the only asset class — where as an angel I can influence the outcome. If I buy Reliance shares, I can’t move it up or down. Same with real estate or gold or anything else.

But as an angel in a startup, I get the chance to work closely with founders, and I can influence the outcome. I supply them introductions to VCs and customers, and help them build the product or in hiring. This is a huge advantage in comparison to the public markets.

So I believe private markets are the best places to earn a fortune — we ride the upside till the very end.

While you can influence outcomes, the exits are arbitrary, but there are opportunities where your risk is 1x and the upside is unlimited. Once you have that 20 companies, your capital is preserved and once you cross those 20 startups, you will see 2x, 3x, 5x returns across your portfolio. So a portfolio approach is very, very important, because that will automatically supply you the long horizon.

My advice to anyone starting out is to start with a three-year horizon, and as your portfolio grows and you get reports after the first year, you will realise that you need to keep on investing. And as your portfolio grows, the horizon will automatically stretch.

Inc42: How did you build your playbook for evaluating startups and growing your portfolio?  

Sanjay Mehta: At the stage we invest in, it’s so early that in many cases the product is pre-revenue or there’s no product market fit. So I have distilled down my 12 years of journey for other angel investors.

  • The first question you answer is is there money to be made in this?
  • Then I look at the team — will these people help me make that money?
  • And third — perhaps the most important — the valuation. Essentially how much money will I make?

Sometimes the founders may be great and the idea may have the right timing, but the valuation is exorbitant. So even if I enter, I may not make more than 2x or 5x. So the valuation ceiling is important at this stage.

Then I ask some very clear 7-8 questions..

Sanjay mehta angel investing

An angel investor is the investor who helps in discovery of startups. So I need to have solid conviction because then I can go out and sell my portfolio to VCs, saying this is a great deal. And that’s where you will get those eye-popping returns.

Inc42: When it comes to angels, founders always say that angels are not just investing capital, but it is their time and expertise and reach that’s more important. What’s your thought on this? 

Sanjay Mehta: See more than anything it is about having faith in the founder or startup’s vision which is also something you have invested in. I invested in a company called Poncho Hospitality, which was a quick service restaurant chain. They wanted to bring Mexican cruising to Indian masses and believed that the taste and ingredients are similar enough to sell well in India.

Unfortunately, it didn’t work, because consumers did not think of Mexican as an alternative for Indian food and even today, that market has not grown in a big way. But the founders had grit and hustle, and pivoted to Box8, which took off.

And then I doubled down on it and now there’s no looking back. Now it’s a soonicorn with the name EatClub and a set of healthy brands. My first round was at an INR 2.5 Cr valuation and now it’s at more than INR 2,500 Cr valuation. It’s a soonicorn.

I invest not because the idea will not fail, but I invest thinking that it can become big and create a huge impact. I don’t take a defensive approach.

Working with founders closely and helping their idea succeed is my forte. I work very closely with the founders and I see that in India, by and large, founders are very easy to work with and very accepting of feedback.

And we are talking about first-time entrepreneurs in many cases. So the questions are very typical and anyone with a decent amount of experience will be able to guide them. How to hire a big gun or maybe even fire someone in a key position. In the case of B2B, some customers may be problematic so founders need to find the right balance to please them but not go overboard in servicing their needs.

Inc42: Let’s come to portfolio building. Why is it a key and what are your guidelines or rules in this regard? What has worked for you? 

Sanjay Mehta: This is a non-negotiable for any angel investor — I have over 230 startups in my portfolio overall and four unicorns, including two in the US and some exits, but also 25-odd failures. But in perspective, there is something which is called power law. A small percentage of your portfolio will supply you the highest returns.

Any successful investor’s portfolio will have more failures than successes. Focus on the magnitude of success, not on frequency of success. I may be wrong most of the time but whenever I am right I am bloody right.

For instance in OYO, I got a 280x return. And we exited it at a valuation of 700 Mn and in hindsight, someone might say I exited prematurely. At the post-unicorn valuation, I might have got a 7000x return. Same goes for CoinDCX, LogiNext and other companies.

When you invest, you should be convinced about the startup giving you at least 20x returns. And when things go right, you will be able to build a very large outcome, but if things don’t work out, that can happen even after Series C, Series D round.

Inc42: How should new angel investors look at the current market situation? Many hot takes about investing in a down market — what’s your thought about this? 

Sanjay Mehta: So this is a double-edged sword. Because as an angel, one might have startups in the portfolio who may be able to raise funds even in a down market, but they will not be going for a bullish valuation which hurts your perceived upside. But on the other hand, I get green deals at a great value. So there’s some need to balance the portfolio that is tapering down and the new value deals.

If angels can survive this turbulence, then they will reap bigger benefits from the bullish times that we expect to see in two years. As someone who has invested since 2010 and 2011, I’ve seen negative sentiments many times, behaviours change in the climate of uncertainty, but this means more opportunities for entrepreneurs and investors also.

Now is the best time to build a business, startups can hire talent at the right cost, customer acquisition costs are always going down, competition is ever-present but right now people are not spending as much money. So if anyone is able to find a better business in this time, they can not only survive, but thrive. And that’s where I am putting my money.

This year I have already adjusted to the changing weather by deciding to increase the average cheque size to INR 1.25 Cr in this financial year. Angel investors everywhere are in acceleration mode.

In my mind, there is no crisis. We have been here before and we have done well. And any entrepreneur who is coachable and with the right investor, their relationship will survive and thrive in these times.

Wed, 15 Jun 2022 16:20:00 -0500 Nikhil Subramaniam en text/html https://inc42.com/features/sanjay-mehta-eight-point-formula-to-evaluate-startups-for-angel-investors/
Killexams : Stay up-to-date on what's happening

When a teenager says his business inspiration is McDonald’s founder Ray Kroc, adults tend to pay attention.

After all, how many kids (let alone their elders) even know who that is?

Entrepreneur a’Ron Burns, for one.

a'Ron Burns adds toppings to rolled ice cream at his business, Roll-N-Sweetz, in North Omaha on Wednesday.

Burns, a 17-year-old Omaha Central High School senior, already has his own ice cream store. And it’s not even his first business venture (that had something to do with e-commerce.).

Roll-N-Sweetz has been open for about a month in a strip mall near 59th Street and Ames Avenue. It sells rolled ice cream, created when a cup of a’Ron’s “secret mix” (refrigerated milk and sugar are two ingredients) meets a surface that’s cooled to 21 below zero.

Employees smooth it to a thin layer, mix in things like candy and cookies, then create rolls that are served in cups with a variety of toppings.

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So far, Burns says, he’s pleased with the community’s response.

“It has been crazy ever since we opened,” he said last week.

That success doesn’t surprise Willie Barney, who founded the Carver Legacy Center with his wife, Yolanda, and another couple, Martin and Lynnell Williams. The center, a joint venture with American National Bank, helps Black entrepreneurs realize their dreams.

Barney said a’Ron and his mother, Alexis, came to Carver for help earlier this year when they were running into snags as they renovated the space they leased for the store.

He was immediately inspired by Burns, who calls himself a serial entrepreneur.

Entrepreneur a’Ron Burns prepares rolled ice cream at his business, Roll-N-Sweetz, in North Omaha. The Central High senior has been interested in business since he was a young kid.

“We were really blown away by their business plan and their strategy,” he said. “His brilliance really impresses everybody he speaks with — the homework he’s done, the research he’s done and his experience in entrepreneurship.”

The Carver people were so amazed following their initial talk with the Burnses that they took immediate action.

“After that meeting, we got in our cars and actually walked through the building with him,” Barney said.

The result was a $95,000 investment in the project from the Carver Center for the renovation and equipment Burns needed to open the store.

Burns said he’s been interested in business since he was a young kid. He read everything he could about entrepreneurship, including material about Kroc, who made millions in the fast-food business.

a'Ron Burns prepares rolled ice cream at his business, Roll-N-Sweetz, in North Omaha on Wednesday.

“He’s an influential person,” Burns said. “I watch a movie about his life every night.”

He got the idea for Roll-N-Sweetz from working at a similar store downtown. He targeted North Omaha for his first store because he wanted to support his community, not only with a business unique to the area, but also with the jobs it would create.

He canvassed neighborhood shop proprietors and conducted additional research to gather statistics for his business plan. He learned that 24,000 cars pass by the area every two days and that residents and business owners missed the Dairy Queen that used to be nearby.

And he did it all while faithfully attending classes at Central.

“I had to mature quicker than some of my peers,” he said.

He’s taking summer school classes at Omaha Burke so he can go to school half-days in the fall and graduate in December, because he has big plans for the business. It already has more than 15 employees, including some adults, though his store manager, Ciara Mercer, is a senior at Omaha North.

The rolled ice cream, mixed with things like candy and cookies, is served in cups with a variety of toppings.

She worked with him at the ice cream store downtown, where the owners gave him a lot of responsibility and offered him a chance for promotion before he decided to open his own place.

If they took such a chance on him, he said, it would be a contradiction not to trust her.

Besides, he said, “At first I hired a 26-year-old (as manager), but they didn’t show up.”

In mid-afternoon on a latest weekday, Burns (wearing a nametag that said COO, as in chief operating officer) and Mercer cheerfully greeted all their guests, even the woman who just wanted to use the restroom. They get a fair amount of foot traffic, even though there isn’t yet a sign outside.

“The city is so backed up with sign permits,” Burns explained.

A couple of girls, both 15, came in because one of them learned about the store on social media.

“I saw it on Instagram,” said JayCionna Fisher, who lives in Mesa, Arizona, and is in Omaha visiting her cousin.

Ice cream toppings at Roll-N-Sweetz. Burns says he's inspired by McDonald’s founder Ray Kroc.

She ordered the No. 12, Candy Land: made with rolled-in unicorn snack cake, drizzled with strawberry syrup and served with whipped cream and cotton candy.

Burns said that his mom devised the menu, and that his favorite is the No. 2, Annie’s Brick, made with butter brickle candy, Pepperidge Farm Chessman cookies, caramel topping, whipped cream and chocolate Pocky sticks. She also came up with the name.

Alexis Burns said her son wanted to keep the menu simple, but she prevailed.

“I was like, oh, no. Ice cream is my favorite dessert, and I knew if there were multiple versions (at a shop), I would keep coming back,” she said.

The store is open from noon to 10 p.m. Sunday through Thursday and noon to 2 a.m. on weekends. Burns said late-night traffic is one thing that’s made the opening days so busy.

Alexis quit her job with the Omaha Housing Authority and cashed out money from her 401(k) to help her son achieve his goals when she realized he was serious about the venture. She has an online boutique for women and helps out at Roll-N-Sweetz.

“I’m loving it,” she said. “It doesn’t feel like a job.”

Burns has plans for additional Omaha stores, one near the refurbished Gene Leahy Mall and one near the new Crossroads development at 72nd and Dodge Streets.

Store manager Ciara Mercer, right, and Burns help customers at Roll-N-Sweetz on Wednesday. The store has been open for about a month in a strip mall near 59th Street and Ames Avenue.

He also wants to branch out to Lincoln and eventually have franchises elsewhere — in fact, a few days after being interviewed for this story, he was off to Miami for business meetings and to scout out possible locations.

Barney, of the Carver Center, said he thinks the plans for expansion are sound, even though Burns is Carver’s youngest client so far.

“He has a lot of attention from around the country,” Barney said. “People are contacting him already. He has knowledge of profit margins and the number of customers he has to have each day. He’s making it happen.”

Burns is not sure about college — he’s been courted by the entrepreneurship program at Creighton University but hasn’t decided on anything because he has been so laser-focused on his business.

And, he points out, Kroc only went to college for a year.

Thu, 28 Jul 2022 06:13:00 -0500 en text/html https://omaha.com/entertainment/dining/17-year-old-entrepreneur-scoops-up-success-in-north-omaha/article_276bfc58-f7f5-11ec-93a6-4fd8c59d770b.html
Killexams : Walmart is laying off corporate employees

Walmart is laying off about 200 corporate employees, a person familiar with the matter told CNN, in a move that comes days after the retail giant issued a rare profit warning.

In a statement, Walmart confirmed it is "updating our structure and evolving select roles to provide clarity and better position the company for a strong future."

Walmart, the largest US retailer, noted it is still investing and adding jobs in key areas such as e-commerce, advertising and supply chain.

A person familiar with the matter told CNN the layoffs began this week.

The job cuts come after Walmart last week cut its profit outlook for the second quarter and the remainder of the year, warning that high food and fuel costs have impacted how customers spend. Walmart said it has been forced to cut costs on various items, including apparel.

Walmart also warned that it expects a slowdown in customer spending for general merchandise for the second half of the year.

™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

Wed, 03 Aug 2022 06:08:00 -0500 en text/html https://dailyprogress.com/walmart-is-laying-off-corporate-employees/article_723b655b-2433-53a9-810e-f1914ec81d98.html
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