amway uk business plan

Amway Business Plan Template

Written by Dave Lavinsky

Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their Amway companies.

If you’re unfamiliar with creating an Amway business plan, you may think creating one will be a time-consuming and frustrating process. For most entrepreneurs it is, but for you, it won’t be since we’re here to help. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a Amway business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is an Amway Business Plan?

A business plan provides a snapshot of your Amway business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for an Amway Business

If you’re looking to start an Amway business or grow your existing Amway network, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your Amway business to improve your chances of success. Your Amway business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Amway Businesses

With regard to funding, the main sources of funding for an Amway business are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for Amway companies.

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How to write a business plan for an amway business.

If you want to start an Amway business or expand your current Amway business, you need a business plan. The guide below details the necessary information for how to write each essential component of your Amway business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of Amway business you are running and the status. For example, are you a startup, do you have an Amway business that you would like to grow, or are you operating Amway businesses in more than one state?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the Amway industry.
• Discuss the type of Amway business you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of Amway business you are operating.

For example, you might specialize in one of the following types of Amway businesses:

• Retail Sales Amway Business: In this type of Amway business, you will concentrate on retail sales to customers within your developing network.
• Leadership Team Development Business: If you are concentrating on developing leaders within Amway networks, your concentration will be on conferences, events, training materials and other forms of leadership training and communication.
• High Volume Amway Business: This type of Amway business is focused on high-volume network customers who buy in bulk in order to distribute to Amway business owners who have a lower-level volume of sales.
• Online Amway Business: Offering select Amway items that are available in an online-only format, this type of Amway Business has online customers and network growth via digital sales exclusively.

In addition to explaining the type of Amway business you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of customers served, the amount of revenue during the past six months, opening a second Amway network, etc.
• Your legal business structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the Amway industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the Amway industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your Amway business plan:

• How big is the Amway industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your Amway business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your Amway business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, families, corporations, medical distributors, and civic organizations.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of Amway business you operate. Clearly, individuals would respond to different marketing promotions than corporations, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regard to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other Amway businesses.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes warehouse store chains, grocery stores, mail-order companies, and wholesalers. You need to mention such competition, as well.

For each direct competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of customers do they serve?
• What type of Amway business are they?
• What is their pricing (premium, low, etc.)?
• What sets their business apart from others?
• What are their weaknesses?

With regard to the last two questions, think about your answers from the customers’ perspective. And, don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you provide options for volume discounts or special deliveries?
• Will you offer products or services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a Amway business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of Amway company that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide Amway products with a 2-day delivery service for senior orders?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your Amway company. Document where your company is situated and mention how the site will impact your success. For example, is your Amway business located in a business district, a home office, or is it purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your Amway marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute direct mail pieces to your target audience
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) with target keywords on your website

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your Amway business, including answering calls, taking orders, planning and scheduling Amway deliveries, paying invoices, contacting customers, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to reach a high-level in the network , or when you hope to reach $X in revenue. It could also be when you expect to expand your Amway business to include additional Amway networks.

Management Team

To demonstrate your Amway business’ potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing Amway businesses. If so, highlight this experience and expertise. But, also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing an Amway business or successfully running an Amway distributorship.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you serve 25 online customers per day, and/or offer special Amway volume sales with an online order? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your Amway business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit, but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a Amway business:

• Cost of inventory and related packaging
• Cost of furnishings or accessories
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, office supplies and equipment

Attach your full financial projections in the appendix of your plan, along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or a list of friends and associates who are already lined up to buy Amway from your business.

Writing a business plan for your Amway business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the Amway industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful Amway business.

Amway Business Plan FAQs

What is the easiest way to complete my amway business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your Amway business plan.

Where Can I Download an Amway Business Plan PDF?

You can download our amway business plan PDF here. This is a business plan template you can use in PDF format.

How Do You Start an Amway Business?

Starting an Amway business is easy with these 14 steps:

• Choose the Name for Your Amway Business
• Create Your Amway Business Plan
• Choose the Legal Structure for Your Amway Business
• Secure Startup Funding for Your Amway Business (If Needed)
• Secure a Location for Your Business
• Register Your Amway Business with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your Amway Business
• Buy or Lease the Right Amway Business Equipment
• Develop Your Amway Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your Amway Business
• Open for Business

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Home » Sample Business Plans » Wholesale & Retail

How to Write an Amway Business Plan [Sample Template]

Are you about starting an Amway company? If YES, here is a detailed sample Amway business plan template & FREE feasibility report. Amway over the years have grown to become one of the world’s biggest direct selling companies by providing any willing entrepreneur with the platform to have a business of their own.

Known as a front – runner in the united states multilevel marketing (MLM) industry, Amway Corporation manufactures and sells its own products as well as brand name products from other companies through a network of three million independent distributors worldwide.

But unlike all other MLM firms, Amway provides a broad selection of items, from cleaning products, cosmetics, vitamins to travel services, discount car purchases, and catalog merchandise. The company’s manufacturing facilities include a 3.5-million-square-foot production plant in Ada, Michigan, as well as plants in California, South Korea, and China.

Meanwhile, Amway products are delivered to distributors in the United States and the Caribbean region through 12 Amway Service Centers.

A Sample Amway Business Plan Template

1. industry overview.

Before going further, it’s pertinent you first understand about multi-level marketing. The Multi-level marketing scheme is a model that can be used to sell goods along with the services of the company with the help of promoters and partners of the company. The total earnings which are collected from the entire sale are distributed amongst the key players. So, in the process, the seller is not the only owner of the profit accumulated from the sale.

There is also an involvement of the step where the associates will have to get paid with the help of a proper multi-level system, and there are commissions provided to these associates and promoters as well. Multi-level marketing, popularly termed as Network or Referral Marketing, has always been in the news due to its seemingly contentious scheme of marketing.

Amway Business Owner (ABO) plays a major role in channelizing the business at a different level. ABOs let the Amway products reach the customers. With the Amway Business model, the associates will be able to sell the products of the company directly and also they can make sure that they help in the promotion of the products as well. This will create different levels of people working towards one common goal.

Note that the functioning of the Amway Business Model is based upon the performance of ABOs (Amway Business Owners). So, for evaluating their performance, Amway has a term known as Product Value, i.e. PV and Group Product Value, i.e. GPV. PV is actually the MRP of the product, and commissions of ABOs are decided as per the PV of that product.

Howbeit, in the hierarchy, the top-level ABO will get the product from the company at a discounted price based upon their commission, so he or she can sell that to others by that retail margin. In addition, ABOs get the bonuses as per their performances, plus growth incentives are offered to them, so they stay motivated in making the chain to channelize the multi-level marketing program of the company.

The business model of Amway is not really that difficult to understand. There are certain roles that ABOs will be playing. They can either act as the distributor of the company, or they will be playing the role of the recruits who are recruited by the distributor.

You will also be able to easily recruit the people in order to do the job for you in the best way. So, it seems quite obvious that the Amway Business model is one of the best models from the other models of businesses.

2. Executive Summary

Amway is an American company which deals in health, beauty, and home care commodities. At Amway Chicago, which is literally an Amway product store in the heart of Chicago, we will still offer a complete line of Amway products.

Our product prices will be quite stable since we will be buying direct from Amway Corporation. Another beneficial features of this relationship which is of significant value to us is the willingness of Amway Corporation to allow our store in Chicago to place orders as small as $160. The Amway Model is acutely infiltrated into the market, that is what makes it unlike the others and appears as a sham to many.

This is because the networking needs to keep on increasing for better results – more and more people are to be made to join hands and more and more people are to be talked to. At Amway Chicago, we have made plans and drafted result oriented strategies to be able to attract consumers who will in turn become distributors

Amway Chicago, just like Amway Corporation, will offer an efficient and effective distribution model where the products are purchased direct from the Corporation ensuring the highest quality and low prices. They are then sold direct to the consumer.

MLM businesses are often confused with pyramid schemes which are illegal in the U.S. Pyramid schemes are business forms that offer compensation specifically for the recruitment of new sellers. People are promised economic rewards for the more people they recruit, independent of what these people sell.

Herein lies the crucial distinction that regulatory authorities analyze when determining if a business is a pyramid scheme: the way compensation is rewarded. If it is based on recruitment, it is presumed illegal. At Amway Chicago, we will only compensate distributors for sales, an effective and efficient sales and distribution system.

Amway Chicago is an exciting new business which will leverage individuals’ needs for good and quality products and the ability to make money while sharing this need with friends and colleagues. By carefully using the efficient multi-level marketing business model, we will quickly generate sustainable revenue.

Sales forecasts indicate that sales for year two and three respectively will be $1,200,000 and $2,340,000. Net profit for the same years will reach 6.19 percent and 9.81 percent.

3. Our Products and Services

Amway Corporation is known to manufacture and sell a wide variety of products that are of top-notch quality which helps the company in making good money. At Amway Chicago, we will still offer a complete line of Amway products to the people of Chicago. These products include;

• Household Cleaners
• Original multi-purpose cleaning product LOC
• SA8 laundry detergent
• Dish Drops dish-washing liquid
• Health and Beauty
• Body Series
• Atmosphere and iCook as well as XL and XS Energy drinks

4. Our Mission and Vision Statement

• Our vision at Amway Chicago is to grow an organization that compensates individuals for sales made by other people that they recruit, while also satisfying the need for Amway products all over Chicago.
• At Amway Chicago, our mission is to build of a environmentally friendly distribution company that uses grassroots and network marketing techniques to sell the product and make a meaningful contribution to the environment. Earthly Clean exists to support its members and to support the environment.

Our Business Structure

In Amway business functioning, Amway Business Owners have the right to sell the products at different levels. The hierarchy is like: Amway – ABO1 –  ABO2 – ABO3 – Customer. ABO gives a fix commission to ABOs, plus income of 1st ABO added when he or she adds the second ABO.

This hierarchy continues, and in some way, the commission gets added in the account of every ABO. We at Amway Chicago, with our salespeople who are a part of the company, will be working down the entire hierarchy. We will be selling all the products from the list and to the distributors that are working in the retail markets. We plan to do this with the help of some great promotional marketing options and schemes.

Our distributors who will be entrusted with all sales methods will also get to recruit some other new dispensers that they want around the entire hierarchy which can be further helped when it comes to the expansion of the network in the best way. We at Amway Chicago also plan to recruit employees to help in the running of our open store.

Leveraging an effective interview process designed to staff our store with highly qualified people for each position, we will also create a path to let them join the network. Background checks will be utilized for designated positions. Recruiting efforts will always center on referrals. These roles include:

Store Operator

Information officer

• Department managers

Store manager

5. Job Roles and Responsibilities

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counselling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creating, communicating, and implementing the store’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall store’s strategy.
• Tasked with fixing prices and signing business deals
• Tasked with providing direction for the business
• Tasked with signing checks and documents on behalf of the Amway Chicago

Financial Officer

• Tasked with preparing financial reports, budgets, and financial statements for the store
• Provides managements with financial analyses, development budgets, and accounting reports
• Tasked with financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting
• Tasked with developing and managing financial systems and policies
• Tasked with administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the store
• Serves as internal auditor for the store
• Provide technological guidance within the store.
• Supervise information system and communications network.
• Develop and implement a customer service platform to serve the store in every aspect.
• Design, establish, and maintain a network infrastructure for local and wide area connectivity and remote access.
• Consult with administration, department managers, and manufacturing representatives to exchange information, present new approaches, and to discuss equipment/system changes.
• Oversee Internet and computer operations.
• Assess and anticipate technology projects and recommend appropriate action and resources.
• Establish and direct the strategic and tactical goals, policies, and procedures for the information technology department.
• Propose hardware/software solutions to accomplish Amway Chicago’s business objectives.
• Identify user needs and resolve problems.
• Maintains receiving, warehousing, and distribution operations by initiating, coordinating, and enforcing program, operational, and personnel policies and procedures.
• Complies with federal, state, and local warehousing, material handling, and shipping requirements by studying existing and new legislation; enforcing adherence to requirements; advising management on needed actions.
• Safeguards store operations and contents by establishing and monitoring security procedures and protocols.
• Controls inventory levels by conducting physical counts; reconciling with data storage system.
• Maintains physical condition of store by planning and implementing new design layouts; inspecting equipment; issuing work orders for repair and requisitions for replacement.
• Completes store operational requirements by scheduling and assigning employees; following up on work results.
• Maintains store staff by recruiting, selecting, orienting, and training employees.
• Maintains store staff job results by coaching, counselling, and disciplining employees; planning, monitoring, and appraising job results.
• Provides the client with a personalized customer service experience of the highest level
• Through interaction with customers on the phone, uses every opportunity to build client’s interest in the Amway Chicago ’s products
• Takes care of administrative duties assigned by the operator in an effective and timely manner
• Consistently stays abreast of any new information on Amway Chicago, promotional campaigns etc. to makes sure accurate and helpful information is supplied to customers when they make enquiries
• Tasked with cleaning the store at all times
• Makes sure that toiletries and supplies don’t run out of stock
• Any other duty as assigned by the operator.

6. SWOT Analysis

Just like Amway Corporation, our goal at Amway Chicago is to grow a more efficient marketing machine that does away with the inefficient traditional distribution systems. We’ve gone the length of analyzing our chances in the Chicago market and have properly stated our SWOT analysis. Clearly summarized below is the result of our SWOT Analysis;

• All our products are of high quality and their demand in our Chicago market has peaked.
• We will only recruit experienced salespersons to assist in the sales of the products.
• Build the company on a solid basis of integrity.
• Recruiting and retaining quality employees
• Tight margins will allow little wiggle room for error

Opportunities

• Little barriers to entry allows for immediate business opportunities
• New and viable market
• Multi Level Marketing has always been in the news due to its seemingly contentious scheme of marketing.
• Rising operating costs
• Building/maintaining sales volume
• Parent Club legal issues

7. MARKET ANALYSIS

8. our target market.

The reality of Amway’s networking business model is that besides the retail end customer, the very salespersons recruited or sponsored by the ones higher up in the network also act as end-user retail customers for Amway as they are required to pay an entry fee to join the network.

Aside that, we at Amway Chicago have identified two distinct type of customers for our Chicago store. The first customer is the end user of Amway products. These are people who have needs for health, beauty, and home care commodities. The second customer group will be a good number of people from the first group with an interest in becoming distributors of Amway products.

These two customer segments are very much attractive because they represent people who are most likely to be consumers of all Amway manufactured supplies. The distributors will be individual consumers who have an even stronger conviction and belief in the products as well as have the time to sell the products and find potential people to recruit into the distribution effort.

To be a distributor does not require a huge sacrifice of time, the majority of distributors will have full-time jobs in addition to marketing Amway. This makes the job of distributor all that more attractive, the person is able to adjust their already existing job with another source of income.

• Our Competitive Advantage

From our due diligence, we at Amway Chicago have been able to properly identify concrete competitive advantages that will help us succeed.

• Quality Products

Every product sold at/by Amway Chicago are manufactured and supplied by Amway Corporation. This offers us the unique platform to sell very competitive products that meet the needs of the market.

• Stable Pricing

At Amway Chicago, we will be able to offer great pricing because all our products are sourced directly from Amway Corporation. Although Amway Corporation pays out sale commissions to the various layers of distributors, this grassroots distribution model is still more efficient than the traditional distribution channel, keeping prices competitive.

• Favorable Business Model

Unlike other businesses in the industry, instead of profits going to a large corporation, all profits are dispersed among the user distributors that assist Amway. This arrangement is quite rare, and attractive for the targeted customer segment.

9. SALES AND MARKETING STRATEGY

At Amway Chicago, our marketing strategy will focus on the need to generate visibility for Amway as a company that offers health, beauty and home care commodities. Our primary marketing strategy will be based on grassroots networking. We believe that this strategy is most effective when the person selling the products knows the products and is passionate about what they are selling.

This is specifically why we chose to sell Amway products. We understand that in the MLM industry, networking is the key to increased visibility and distribution. Networking will take place in a number of venues including: the traditional work environment, social organizations, religious organizations, and other gatherings/situations that bring people together.

Distributors are expected to set up a meeting with the prospective person (someone they generally already know and have some sort of relationship with), show them the product catalog and provides them with samples.

Immediately the client must have used the products and impressed by them, another meeting can be scheduled to determine if the person is interested in making a purchase, and/or is interested in an additional source of income selling Amway products.

10. Sales Forecast

At Amway Chicago, we will be tracking both the sales to the individual consumers and the revenue received through commissions from sales from the various distributors. Our sales forecast indicates that initially the bulk of revenue will be from sales to the individual customers.

But as time progresses and more distributors are secured, the amount of revenue from the distributors will increase. We at Amway Chicago have adopted a reasonably conservative sales forecast. We estimate that our total first year sales should reach $1,200,000. Our second year will see sales increase to $2,340,000. The third year, with the addition of such a significant number of outlets, we will see sales increase to $5,192,440.

11. Publicity and Advertising Strategy

At Amway Chicago, our plan is to gather enough brand awareness to leverage the product line into other regions and gain inquiries from potential investors. To achieve this goal to expand and grow, we plan to do the following;

• Amway Chicago will spend $1,450 per month on Public relation services for the next year intended to build awareness of editors and product information insertions, reviews, etc.
• Amway Chicago will also spend $440 per month concentrating on drive time Radio advertising. We plan to experiment with different stations, keeping careful track of results. As with the school fundraising program, we expect the stand and signage to be a substantial portion of our advertising.
• List our business on local directories
• Attend relevant international and local health, finance and business expos, seminars, and business fairs et al
• Leverage on the internet to promote our business
• Engage direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients

Sources of Income

With the help of the products and services that are provided by Amway Corporation, we at Amway Chicago will be able generate encouraging revenue. Amway Corporation manufactures more than 450 products, and via its MLM model, it sells those products all across the globe, generating a good amount of money.

Amway practices direct selling which is ‘A method of selling goods directly to the consumer by an independent Distributor. A Distributor can then introduce further Distributors and generate income from retail profits supplemented by bonus payments based upon the total sales of the group built by a Distributor”. We at Amway Chicago will generate income through:

• The retailing of Amway goods to consumers. Retail margins (mark-ups) on the basic wholesale price represent income to the selling distributor.
• Additional performance and leadership bonuses, paid on the volume of personal business and the business volume we plan to introduce into the business. Various levels of leadership bonuses, dependent upon the overall size and shape of the business, paid on achieving different levels of business performance.

12. Our Pricing Strategy

Amway as a company maintains a stable price for all products. With the Amway Business models, all associates will be able to sell the products of the company directly and also they can make sure that they help in the promotion of the products as well. This will create different levels of people working towards one common goal, and that is to make sure that the company of Amway is able to make a lot of money.

Meanwhile, the functioning of the Amway Business Model is based upon the performance of ABOs (Amway Business Owners). So, for evaluating their performance, Amway has a term known as Product Value, i.e. PV and Group Product Value, i.e. GPV. PV is actually the MRP of the product, and commissions of ABOs are decided as per the PV of that product.

So, in the hierarchy, the top-level ABO will get the product from the company at a discounted price based upon their commission, so he or she can sell that to other by that retail margin. In addition, ABOs get the bonuses as per their performances, plus growth incentives are offered to them, so they stay motivated in making the chain to channelize the multi-level marketing program of the company.

• Payment Options

All our payment options at Amway Chicago will be inclusive and acceptable because we understand greatly that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

• Payment by cash
• Payment via Point of Sale (POS) Machine
• Payment via online bank transfer (online payment portal)
• Payment via Mobile money

We have also chosen banking platforms that will help us achieve our plans with little or no issues. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our products charge.

13. Startup Expenditure (Budget)

To get started with Amway, Individual Business Owners need to pay a $62 registration fee. This is direct profit for the company, but it also comes with a 100% satisfaction guarantee for the first 90 days. The fee provides a welcome kit that helps to get new representatives up-to-date with the various product lines that are offered.

Those who are just starting are also recommended to purchase an $83.90 product kit so the items that Amway sells can be sampled and sold with authenticity. The product kit contains $160 worth of full-sized Amway products to try. Meanwhile, we at Amway Chicago have incurred the following expenses for the launching of our store:

• Storage space: This will be used for the storage of product inventory.
• Service provider fees: We’ve incurred both accountant and attorney fees in the setting up of the business. The accountant will set up the Linton accounting system and the attorney will develop and register the business formation as well as draft some sale agreements for distributors.
• Computer system: The computer system will be used for correspondence, accounting purposes as well as to develop marketing and sales information. The system will include a laptop computer, printer, fax/scanner, and a broadband Internet connection. Earthly Clean will use Microsoft Office and Linton Accounting as their preferred software.
• Assorted types of paper and stationery: Personalized with a logo, return addresses, etc. for catalogs, and brochures.
• Assorted office furniture and accessories

Generating Funding/Start up Capital for Amway Chicago

Amway Chicago is a Store owned by Martha Flinch and Damson Cone. Both have been with Amway Corporation for over 10 years and understand the visions and values of the company. At Amway Chicago, we hope to raise our startup fund through the following ways;

• Generate part of the startup capital from personal savings
• Source for soft loans from friends and family
• Generate fund from angel investors

Note : The owners of the company are willing to invest $200,000 to start up Amway Chicago.

14. Sustainability and Expansion Strategy

The key to a successful business with Amway has to be in the building of the downstream. When working appropriately, the Amway business model is one that can work. The tiered levels of sales representatives in each up line can all help us and our distributors succeed.

The unfortunate fact, however, is that many Amway representatives get involved thinking that they can start their own business for a small price and very little overhead. The reality is that Amway is just like any other business opportunity, but with a small twist – sales reps don’t actually have their own business.

For those in Chicago that are good at sales and love to be social with people, we will offer them a tremendous opportunity for success. The underlying fact is that the Amway Business Model is not a scam. Just that it is not really a pyramid model of business – all it relies on is a granted hierarchy of partakers who purchase, retail and further spread out this sequence to earn more proceed-fractions, which is more of a network than a pyramid.

At Amway Chicago, our sales strategy will emphasize our high quality products and 100% customer satisfaction. We believe that by combining these two benefits, consumers are able to try the available products risk free. This provides them with the opportunity to test them out and determine if they are as good as they claim to be. Once the consumer has recognized the outstanding quality that Amway offers, the option of becoming a distributor becomes more attractive.

If the consumer truly believes in the product, then it becomes that much easier to convince them that there is an excellent opportunity available that allows them to sell a product that they believe in, obtain an additional source of revenue, and make a positive impact on the environment. All of this will be done on a grassroots, one-to-one level.

Also, retailing Amway products enables us provide immediate financial incentive rewards to our distributors. Direct selling involves sales people showing and demonstrating products to obtain orders. The objective involves matching consumer needs with the product.

The better the match, the more lasting the potential for the relationship between the seller and the buyer. The selling process is aided by Amway’s retail strategy to provide high quality, readily purchasable items with a good environmental positioning, offering consumers good value for money.

As with all direct selling activities, the process involves two-way communication and this can be time-consuming. Business success and the resulting financial results are a direct consequence of effort, commitment and personal group motivation.

Personal contact between distributors at one-to-one or group meetings provides the opportunity for individuals to discuss strategies, difficulties, levels of involvement and plans for the future. The income objectives and individual targets may be determined by each distributor based upon what he or she wants to earn.

Checklist /Milestone

• Business Name Availability Check : Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Conducting feasibility studies: Completed
• Leasing, renovating and equipping our store: Completed
• Generating part of the start – up capital from the founder: Completed
• Applications for Loan from our Bankers: In Progress
• writing of business plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of The Company’s Logo: Completed
• Printing of Packaging/Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of software applications, furniture, office equipment, electronic appliances and store facelift: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business (Business PR): In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with banks, financial lending institutions, vendors and key players in the industry: In Progress

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Starting a business in United States

Plan basics.

Purchasing Products All Independent Business Owners purchase products directly through the Amway website.

Bonus Payment Bonus payments will be paid by one of these options: – check through the mail to address on file with Amway – direct deposit to a local bank account

PV/BV Transfers PV/BV transfers are available: – On-line www.amway.com in the Office section of the site – Call Customer Service 1-800-253-6500 Monday through Friday 8:00 a.m. until 12:00 Midnight ET Saturday 8:30am – 5:00 pm ET

Single Line Of Sponsorship The United States operates as a single line of sponsorship with Canada, Haiti, and the Dominican Republic. International sponsoring between the four countries is not allowed. Business volume generated in all four countries will be consolidated for qualification and bonus purposes.

Performance Schedule

PV Performance Bonus 7500             25% 6000             23% 4000             21% 2500             18% 1500             15% 1000             12% 600                9% 300                6% 100                3%

Retail Margin Retail markup ranges from 15%-35%, depending upon the product being sold. This is based on a Retail margin calculated as a discount from Retail price – [(Retail Price – IBO Cost)/Retail Price).]

how to start

IBO Registration Options

On-line Register on-line at the Amway site www.amway.com .

The Registration Agreement,and the Amway Business Opportunity Brochure can be found and printed on www.amway.com.

You can also register by calling: – Amway Customer Service Phone: 1-800-253-6500 Hours: M-F 8:00AM – 12:00 Midnight ET; Sat 8:30 AM – 5:00 PM ET. (Note that you will need to follow-up with a signed Registration Agreement to finalize the Registration process).

Cost of IBO Welcome Kit (40122)

Registration Fees: – Amway Service and Support $50.00 – IBOAI Board Support $12.00 * – Product Kit $83.99 Delivery Charges $13.75 ** Approximate Total $159.74 (plus applicable sales tax) * May be reimbursed, but must be included with initial payment. **Optional, but recommended.

Business Type The business model used in the U.S.:

I = Independent Business Owner  – Independent Business Owners build businesses that allow them to earn income based on the orders made from Amway under their IBO number. Independent Business Owners also can take advantage of special business services online, where they can access detailed volume inquiries showing the invoices that make up total sales, organizational structure, address and email, personal profiles and numerous view options for efficient organizational information. Some Independent Business Owners qualify to access Business Profile reports that provide detailed and trending information about their businesses, such as product line movement and sponsoring activity. To launch a business powered by Amway, individuals must register with an existing Independent Business Owner.

C = Customers  – Customers pay no fee to shop from a large selection of high-quality products and learn more about what they need through expert advice on health, personal care, home maintenance and more. Products are shipped directly to their homes and are covered by a Customer Satisfaction Guarantee. All Customers must designate a referring Independent Business Owner before making purchases; if they do not know one, they will be referred by Amway to an Independent Business Owner in their area.

Establish a Second Business

International Sponsoring International sponsoring is always an option and an excellent means of expanding your business while avoiding many of the costs and complexities associated with establishing a second business. Please note: For those markets where foreigners are able to establish a second business, they must be the international sponsor of their second business in another country.

As complex business and legal issues are involved, Independent Business Owners should always contact the affiliate and obtain the advice of an immigration and tax attorney for advice on specific circumstances before attempting to enter the United States or establish a second business.

All non-immigrants, unless otherwise authorized by the United States Immigration and Naturalization Office, will not be allowed to work in the United States unless exempt from visa requirements (Visa Waiver Pilot Program). Every foreign distributor seeking entry for temporary stay in the United States must first obtain the appropriate non-immigrant visa. Working without proper authorization is a violation of the non-immigrant’s visa status and may subject the non-immigrant to deportation and other penalties under the law.

Business in the United States is regulated by federal, state, and local municipal government authorities. Each state has different regulations on business entities, registration, licensing, etc. There are several business options available for establishing a second business, each with its own legal requirements. The decision of which option an Independent Business Owner chooses would be driven by United States income tax issues and the individual’s plans for the business and its development.

Note: Since the United States and Canada fall under the North American Independent Business Ownership Plan, Canadian Independent Business Owners are not permitted to have a second business in the United States. Furthermore, Canadian Independent Business Owners must obtain all their AMWAY® Products, literature and sales aids from Amway Canada Limited. No United States items can be imported into Canada for use in conducting the business or for resale to customers.

Visa Requirements If non-resident is not traveling to the United States: No visa requirements

If non-resident is traveling to the United States: – Visa must allow you to operate a Amway business – Student visas are not eligible – Unless exempt from visa requirements, every foreign Independent Business Owner seeking entry for temporary stay in the United States must first obtain the appropriate non-immigrant visa – Visa applications are generally available from the United States Consulate or Embassy office in the applicant’s home or resident country – The applicant must present a valid passport and other required documents, depending on the type of visa requested

Click the link below to display additional details on how to start a multiple business in this market.

Market Framework Requirements

how to order

– Web site: www.amway.com

– Customer Service: 1-800-253-6500 Hours: M-F 8:00 AM – 12:00 Midnight ET; Sat. 8:30 AM – 5:00 PM ET. Fax: 1-800-762-6308

– Via your authorized upline

– Mail: (use an SA-2 Order Form) Amway Customer Service 58C-2A 7575 Fulton St. East Ada, MI 49355-0001

Payment Methods

– Credit Card (MasterCard/VISA/Discover/American Express/PayPal(U.S. & Canada)/BillMeLater (U.S. only).

Returns/Refunds

Registration Pack Reasonable period of time for the refund/return of the Welcome Kit if the Independent Business Owner is not satisfied.

Products Utilize the prepaid return form received with your order or access the return label at amway.com. Retain a copy for your records. Return the merchandise to appropriate address. Do not return the merchandise to the Service Center. You will receive your refund by the original method of payment.

how to manage

Access Information

– On-line at www.amway.com – Views: Independent Business Owner (password required),customer and Visitor – U.S. Business Information Services (BIS) – – E-mail: [email protected]

Receive Bonus Payment Most Independent Business Owners receive payment of bonus directly from Amway. The bonus will be paid by a check sent in the mail to the address on file with Amway unless a direct bank deposit is established.

Customer Volume Rule The Customer Volume Rule (CVR) states that in order to obtain the right to earn a Performance Bonus on downline volume an IBO must: (a) make not less than one sale to each of 10 different retail customers;or (b) have at least 50 PV of sales to any number of retail customers.

IBOs who fail to meet at least one of the CVR requirements listed above will not receive his/her Performance Bonus differential payment (if a differential was earned). Instead, the Performance Bonus differential payment will be included in the first upline Platinum bonus payment.

The non-compliant IBO will be advised of his/her bonus roll-up through his/her bonus statement. The qualified upline Platinum will be advised of the differential payment included in his/her bonus payment. The Platinum is requested to determine if the non-compliant IBO is entitled to receive such bonus under the Independent Business Ownership Plan and Rules of Conduct.

For Direct Bank Account Deposits: Independent Business Owners must complete a bank authorization form (SA-2263) and supply Amway with their banking information The SA-2263 is available at www.amway.com Direct deposits are available at any North American financial institutions with checking, savings, money market or against any other account that the financial institution will allow transactions

Non Resident Information: When receiving a bonus payment in the United States, a W8-BEN form must be filed with Amway. The W8-BEN form is a tax form that allows a foreign person to be exempt from tax withholdings in the United States as the income from their business activities as they are considered not effectively connected with the conducting business activities within the United States. Criteria for completing the W8-BEN:

Limited time is spent in the United States (180 days or less annually) Not a United States citizen or resident alien Business is not effectively connected to a United States business Business activities are occurring outside of the United States

Complete the following steps to obtain a W8-BEN form: Go to www.irs.gov site and download a W8-BEN tax form, provided you are eligible to submit this form Complete the form and mail it to: Amway 7575 Fulton St. East, Ada, MI 49355-0001

Renew Please note: Renewal is only necessary in one market for Canada/United States/Dominican Republic

If first year, the renewal amount is prorated for IBOs who entered the business in June or later.

Fiscal Year 2013 Amway Business Services and Support Fee (now includes IBOBA Insurance). IBOAI Total IBO fee

– Registration or Renewal $50.00 – Includes $5.00 Insurance $12.00 $62.00 – Prorated fee (IBOs registered in June 2012) $45.00 $12.00 $57.00 – Prorated fee (IBOs registered in July 2012) $40.00 $12.00 $52.00 – IBOs registered August 2010 or later N/A N/A No renewal necessary.

Renewal Methods: – Online: www.amway.com – Telephone: (800-253-6500) – Automatic Renewal: All IBOs on Auto Renew and all Silver Producers and above will be automatically renewed mid-October. Notification will be sent via email or letter to confirm intent to continue this status.

Payment Methods: – Credit Card (Visa, Discover, American Express, MasterCard) when renewing online or by phone

7575 Fulton Street East Ada Michigan 49355-0001 USA

Phone: 1-800-253-6500 – Customer Service www.amway.com  (Public Website) [email protected]  (Customer Service Email)

Opened November 1959 Territories: American Samoa, Anguilla, Antigua, Bahama, Barbados, Barbuda, Bermuda, Bonaire, British Virgin Islands, Caicos, Carolina Islands, Curacao, Dominica, Grenada, Guam, Jamaica, Jost Van Dyke, Leeward Islands, Lesser Antilles, Marshall Islands, Micronesia, Montserrat, Netherlands Special Municipalities, Nevis, Northern Mariana Islands, Peter Island, Puerto Rico, Saba, St. Barthelemy, St. Croix, St. John, St. Kitts, St. Thomas, The Grenadines, Tobago, Trinidad, Turks, U.S. Virgin Islands, Wake Island, Water Island, West Indies, Windward Islands

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The AmwayPromise - Amway Business Plan

Not so sure about purchasing from Amway, or starting your own Amway™ business? We hear you. The AmwayPromise can help answer your concerns and support you along the way.

The saying goes, “We are only as good as the promises we keep.” The AmwayPromise was designed to make customer service and consumer protections simpler, easier to understand and more accessible than ever. Why? Because you deserve transparency and trust.

Supported by five pillars, it aims to deliver the most comprehensive customer service and consumer protections offered within the direct-selling industry. Let’s take a closer look at how each of the six pillars can support you as an ABO or customer.

1. Low-Cost, Low-Risk

Do I need to invest a lot of time and money? Amway promises a low-cost, low-risk start for everyone’s Amway journey. Starting a business is no small feat. Feeling secure right from the beginning is important. That’s why Amway offers low-cost purchase requirements and minimal sign-up fees for new ABOs. And with a huge network of ABOs, you can find your Amway family to share successes, brainstorm ideas and celebrate.

As a customer, when you buy from Amway, you can also rest easy because Amway offers quality products. In the unlikely event that your product is unsatisfactory, Amway will work to fix or replace it, or provide a refund. You can learn more about this below.

2. 100% Satisfaction Guarantee

What happens if I change my mind? Regardless if you’re a customer or an ABO, Amway is dedicated to service, quality and products. So, if you’re not getting everything you expected, Amway will work with you until you are completely satisfied.

A part of this is a cooling-off period on purchases and a generous return policy on inventory to everyone.

3. Warranty Programmes

What happens if I receive a faulty durable Amway product? Amway offers durable, quality products. However, sometimes unforeseen problems can occur. If a product has an issue, a variety of services, repair and warranty programmes are available to help both ABOs and customers.

Additionally, all products come with a premium protection promise. So, if you, as an ABO or customer, have a product that requires extra attention or replacement, the Amway warranty programme will work with you until the issue is resolved.

4. Customer Service

Whom can I contact if I have specific questions? As a new business owner, you are bound to have questions and concerns. When you do, Amway is here for you, and your upline or sponsor is there to support you.

Amway also promises top-notch customer service for customers. It will provide support online, by phone or face-to-face. No concern is too big or too small. Amway is your trusted business partner, and there to support your success every step of the way.

5. Right To Know

I want to properly understand the business. How transparent is Amway? For you to thrive as an Amway Business Owner, you must know and understand everything about Amway’s consumer protection policy and customer service offering.

Therefore, the business promises to always communicate clearly with you as ABOs and customers. Amway offers easy, transparent access to all of the information related to consumer protections, product return policies and inventory return policies.

To learn more about the AmwayPromise and what Amway has to offer, click here .

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Employee Benefits Plan

Please see the information regarding the Employee Benefits Plan below.

The Plan was established to provide retirement benefits to all eligible employees of Amway (Europe) Limited and Amway (UK) Limited. The Plan is a final salary pension scheme whereby benefits are payable to members in accordance with the Plan Rules based on their length of service and their average salary prior to retirement. The Plan is governed by the Trustees who are required to act in accordance with the Trust Deed and Rules, within the framework of pension and trust law. The Plan was closed to new entrants on 1 April 2001 and was closed to future accrual on 1 February 2014.

STATEMENT OF INVESTMENT PRINCIPLES

The Statement of Investment Principles helps you understand the Trustee’s strategy for the Plan’s investments. 

IMPLEMENTATION STATEMENT

The Implementation Statement reports on how the Trustees have followed, reviewed and changed the Statement of Investment Principles during the Scheme year.

Amway Business

Start Your Journey to Success with Amway

AmwayBusiness is dedicated to empowering individuals to achieve their aspirations and gain financial independence through the exceptional potential offered by the Amway business opportunity. Our mission is founded on the steadfast belief that aspiring entrepreneurs, armed with the necessary tools, knowledge, and unwavering support, can embark on a successful and fulfilling journey with Amway.

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Our Identity

At AmwayBusiness, our team comprises a diverse group of accomplished and dedicated mentors who have not only thrived but also excelled in the Amway business model. Drawing from our combined expertise across various industries, we have gained profound insights into establishing a thriving Amway business from the ground up. Our journey, much like yours, has been filled with challenges, triumphs, and invaluable lessons. It is this experience that fuels our passion to share these insights with you.

We are committed to expediting your progress and guiding you on the path to success while helping you avoid common pitfalls. We understand that the journey may seem daunting, but with AmwayBusiness as your mentor and guide, you will benefit from learning firsthand from those who have walked the same path.

Our Services and Commitment

At AmwayBusiness, our primary goal is to provide you with comprehensive guidance tailored to your unique aspirations and circumstances. Recognizing that each individual’s vision for their Amway business is distinct, we take the time to understand you on a personal level. Whether you seek financial freedom, desire more quality time with loved ones, or are eager to explore your entrepreneurial spirit, we are here to support you at every stage of your journey.

Services Offered

Why choose us.

We take immense pride in what sets us apart as your reliable ally in your Amway endeavor:

Experience: Our team’s proven track record of success in the Amway business speaks for itself. Having already traversed the path you are embarking on, our guidance is rooted in practical knowledge and firsthand experience.

Integrity: We uphold ethical business practices and strive to foster a culture of trust and transparency. You can rely on us to provide candid and reliable guidance throughout your journey.

Passion: Our dedication to your success is fueled by our genuine enthusiasm for assisting others in achieving their dreams. Your triumphs are our triumphs, and we are committed to supporting and empowering you at every turn.

Results-Oriented: Our approach inherently focuses on delivering results. We are unwaveringly committed to assisting you in achieving your goals efficiently and effectively. Your success is the ultimate measure of our success.

Join Us on Your Amway Journey

Whether you are an experienced network marketer or a newcomer to the realm of entrepreneurship, we extend a warm invitation for you to join the AmwayBusiness community. Together, we will confront the challenges ahead, celebrate personal and professional growth, and revel in the satisfaction of turning dreams into reality.

Are you ready to unlock your full potential and embark on this transformative journey? Let us unite and begin shaping your success with AmwayBusiness today!

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Photos: 2024 Amway Junior at East Kentwood High School

GRAND RAPIDS, Mich. (ABC 4)- Wednesday was a day of excitement at East Kentwood High School! In preparation for the 47th Annual Amway River Bank Run, presented by Fifth Third Bank and Corewell Health, nearly 1,000 kids laced up their sneakers to participate in a free and non-competitive “fun run.”

Known as the Amway Junior and part of the Feelin’ Good Mileage Club , this event promotes healthy living by encouraging kids ages 2-11 to get moving and stay active.

Beyond having a blast running and walking around the high school’s outdoor track, all participants received a t-shirt, participant bib, a finisher medal and post-event refreshments. They also enjoyed inflatables, face painting, tattoos, and special meet-and-greets with Maranda, Tortoise and Hare.

See photos of the event in the slideshow gallery featured below, and learn about the Amway Junior/Amway River Bank Run here .

Photos courtesy of Mike Buck.

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The best RBs for 2024 fantasy football, according to our experts

The Yahoo Fantasy football analysts reveal their first running back rankings for the 2024 NFL season.

The Cheap Seats: Fantasy baseball mailbag (with one key fantasy football question)

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Kansas man pleads guilty to stealing Jackie Robinson statue, faces more than 19 years in jail

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With latest big move, Padres president A.J. Preller showing once again that he and San Diego won’t go down without swinging

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NBA fines Pacers coach Rick Carlisle $35K for criticizing officials

Carlisle has not been happy with the officiating through two games of their series with the Knicks.

The best QBs for 2024 fantasy football, according to our experts

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Once Dolphins and Tua Tagovailoa agree on monster contract extension, what will Miami look like?

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Caitlin Clark, Fever preseason live updates: Indiana hosts Atlanta Dream as No. 1 pick plays her first home game

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UK regulator insists ‘name and shame’ plan will not harm City competitiveness

FCA said it would take ‘several months’ to consider its next steps after ‘stern’ pushback over the proposed policy

• Dominic McGrath
• May 8, 2024

The UK's financial services watchdog has sought to rebuff concerns that a proposal to "name and shame" firms under investigation would hamper competitiveness, as officials admitted surprise at the angry reaction from the City.

Nikhil Rathi, chief executive of the Financial Conduct Authority, told MPs on the Treasury Select Committee that the regulator would take "several months" to consider its next steps.

Rathi, who has led the FCA since 2020, appeared alongside its chairman Ashley Alder amid a growing backlash from the City about plans to name firms facing investigation .

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The UK government acted unlawfully in approving a climate plan, a High Court judge has ruled

A U.K. High Court judge has ruled that the government acted unlawfully when it approved a plan to meet climate targets without evidence it could be delivered

LONDON — A High Court judge ruled Friday that the U.K. government acted unlawfully when it approved a plan to meet climate targets without evidence that it could be delivered.

It was the second time in two years that the government’s main climate action plan was found to be unlawful and insufficient in meeting legally-binding targets to cut greenhouse gas emissions.

Justice Clive Sheldon sided Friday with three environmental groups that brought the case, ruling that the government’s decision to approve its Carbon Budget Delivery Plan last year was “simply not justified by the evidence.”

The plan outlined how the U.K. aims to achieve its climate targets, including pledges to reduce greenhouse gas emissions by about two-thirds of 1990 levels by 2030 and to reach net zero by 2050.

The judge said the details in the draft plan were “vague and unquantified,” and didn’t provide officials with enough information on whether the plan should be approved.

Lawyers acting for the environmental organizations told the court that the government failed to share “risk tables,” or information about whether its policies could be implemented, with Parliament and others, meaning the plan couldn’t be properly scrutinized.

“The courts have now told the U.K. government not once, but twice, that its climate strategy is not fit for purpose,” said Sam Hunter Jones, a lawyer for the group ClientEarth. “This judgment means the government must now take credible action to address the climate crisis with a plan that can actually be trusted to deliver and with numbers that can be relied on.”

The government defended its record on climate change, saying it has set out “more detail than any other G20 country on how we will reach our ambitious carbon budgets,” referring to the Group of 20 leading rich and developing nations.

“The claims in this case were largely about process and the judgment contains no criticism of the detailed plans we have in place. We do not believe a court case about process represents the best way of driving progress towards our shared goal of reaching net zero,” it said in a statement.

Officials said they would publish a new report within 12 months following the judge’s ruling.

Last year, the U.K. government’s own climate advisers, which tracks the country’s decarbonization efforts, said that it was losing confidence in the government’s ability to meet its emission targets, and slammed officials for backtracking on fossil fuel commitments.

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UK court sends government back to work on climate plan

By Lesley Clark | 05/06/2024 06:18 AM EDT

The plan relies on “vague and unquantified” data to set its carbon reduction goals, a judge said.

People take a break in London during a 2022 heat wave. Carl Court/Getty Images

The British government will once again need to revise its climate plans, following a court ruling that said officials relied on “vague and unquantified” information to set carbon reduction measures.

London’s High Court on Friday found the government’s plan unlawful, siding with three environmental organizations that last year sued the government over new carbon emissions targets under the nation’s 2008 Climate Change Act. U.K. officials set the limits after a 2022 court ruling found that the climate plan championed by then-Prime Minister Boris Johnson was insufficient to meet the government’s goal of net-zero emissions by 2050.

Friends of the Earth, ClientEarth and the Good Law Project had argued in court that the government failed to show how the goals of its new plan — enacted in 2023 under then-Secretary of State Grant Shapps — could be achieved.

The decision to approve the plan was “simply not justified by the evidence,” wrote Judge Clive Sheldon in the court’s ruling.

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Scaling back Labour’s workers’ rights plan would be disastrous, warns TUC president

Reports say Sir Keir Starmer may risk union support and bow to pressure from business to amend new deal

Watering down Labour’s plan to strengthen workers’ rights would be disastrous for the party’s relations with the unions and could cost votes at the general election, the president of the Trades Union Congress has warned.

Amid reports that Sir Keir Starmer may bow to pressure from business and amend important parts of his “ new deal for workers ”, Matt Wrack said the Labour leader risked causing “significant anger” among union members.

Wrack, the general secretary of the 34,000-strong Fire Brigades Union, said: “The debate on workers’ rights is a key issue for all unions as we approach a general election. As a policy, it is very popular with our members but it is popular with the voters as well.

“We know Labour will come under pressure from business interests but there should be no backtracking and no weakening. Labour needs to deliver this as one of its top priorities. If there is a rolling back there will be significant anger.”

The proposed new deal for workers includes curbs on the use of zero-hours contracts , the extension of collective bargaining, and protection against unfair dismissal from day one of employment.

Wrack made it clear that unions were watching closely to see whether intensive lobbying from business had paid off after it emerged last week that Labour’s plans do not involve a complete ban on zero-hours contracts and that the extension of sectoral collective bargaining will initially be confined to social care.

“We have picked up the press talk about possible rolling back. The message we have had back from the leader’s office is that there is nothing to it,” Wrack said.

“I don’t want to get in a slanging match with Keir Starmer until I see what he is proposing,” Wrack added, “but it would be inept in our view to backtrack on a very popular policy that will win votes and appeal to working-class voters who would traditionally be expected to vote Labour but who have drifted off.

“It is a policy that is necessary in terms of maintaining unity in the Labour party. The leadership shouldn’t just rely on the idea that Labour is the only game in town. People need to have something to vote for other than Keir Starmer who is not Rishi Sunak.”

Wrack said Labour also needed to deliver on its pledge to repeal the 2016 Trade Union Act, which placed curbs on how unions could take industrial action, and minimum service levels, under which unions are forced to maintain public services during strikes.

“I would struggle to see how Keir Starmer could backtrack on these two commitments because he has been so clear about them, but I would never rule anything out with Labour politicians.”

Despite Labour’s strong showing in last week’s elections, Wrack said he detected little enthusiasm for the party because “people are not sure what the policy agenda is other than continuity”.

Wrack said many unions had their annual conferences coming up with the TUC holding its annual congress in September. “If the message is that Labour is rolling back on workers’ rights, then the leadership can expect a hostile reception.

“Rolling back on this would be pretty disastrous for relations with the unions.”

“It is the one thing unions have to sell to Labour voters. You look around and I am not sure what other reason there is to vote Labour.”

“If organised labour comes out strengthened from the early months of a Labour government that alters the political balance after 40 years of attacks on unions. The plans for workers’ rights don’t go far enough but they do start to alter the balance of power in the workplace.”

A Labour spokesperson said: “The new deal will be a core part of Labour’s offer and we will be campaigning on this ahead of the general election. “Labour’s new deal for working people was agreed at the party’s national policy forum last summer building upon our green paper. Our commitments to bring forward legislation to parliament within 100 days to deliver the new deal and to consult widely on implementation have not changed.”

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Money latest: Chocolate is a superfood - if you buy these bars

Read all today's personal finance and consumer news below - and leave a comment on any of the stories we're covering.

Saturday 11 May 2024 07:22, UK

• UK exits recession, official figures show
• Ed Conway:  Three reasons to be gleeful about the ONS figures
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Ask a question or make a comment

From Sunday, eligible working parents of children from nine-months-old in England will be able to register for access to up to 15 free hours of government-funded childcare per week.

This will then be granted from September. 

Check if you're eligible  here  - or read on for our explainer on free childcare across the UK.

Three and four year olds

In England, all parents of children aged three and four in England can claim 15 hours of free childcare per week, for 1,140 hours (38 weeks) a year, at an approved provider.

This is a universal offer open to all.

It can be extended to 30 hours where both parents (or the sole parent) are in work, earn the weekly minimum equivalent of 16 hours at the national minimum or living wage, and have an income of less than £100,000 per year.

Two year olds

Previously, only parents in receipt of certain benefits were eligible for 15 hours of free childcare.

But, as of last month, this was extended to working parents.

This is not a universal offer, however.

A working parent must earn more than £8,670 but less than £100,000 per year. For couples, the rule applies to both parents.

Nine months old

In September, this same 15-hour offer will be extended to working parents of children aged from nine months. From 12 May, those whose children will be at least nine months old on 31 August can apply to received the 15 hours of care from September.

From September 2025

The final change to the childcare offer in England will be rolled out in September 2025, when eligible working parents of all children under the age of five will be able to claim 30 hours of free childcare a week.

In some areas of Wales, the Flying Start early years programme offers 12.5 hours of free childcare for 39 weeks, for eligible children aged two to three. The scheme is based on your postcode area, though it is currently being expanded.

All three and four-year-olds are entitled to free early education of 10 hours per week in approved settings during term time under the Welsh government's childcare offer.

Some children of this age are entitled to up to 30 hours per week of free early education and childcare over 48 weeks of the year. The hours can be split - but at least 10 need to be used on early education.

To qualify for this, each parent must earn less than £100,000 per year, be employed and earn at least the equivalent of working 16 hours a week at the national minimum wage, or be enrolled on an undergraduate, postgraduate or further education course that is at least 10 weeks in length.

All three and four-year-olds living in Scotland are entitled to at least 1,140 hours per year of free childcare, with no work or earnings requirements for parents. 

This is usually taken as 30 hours per week over term time (38 weeks), though each provider will have their own approach.

Some households can claim free childcare for two-year-olds. To be eligible you have to be claiming certain benefits such as Income Support, Jobseeker's Allowance or Universal Credit, or have a child that is in the care of their local council or living with you under a guardianship order or kinship care order.

Northern Ireland

There is no scheme for free childcare in Northern Ireland. Some other limited support is available.

Working parents can access support from UK-wide schemes such as tax credits, Universal Credit, childcare vouchers and tax-free childcare.

Aside from this, all parents of children aged three or four can apply for at least 12.5 hours a week of funded pre-school education during term time. But over 90% of three-year-olds have a funded pre-school place - and of course this is different to childcare.

What other help could I be eligible for?

Tax-free childcare  - Working parents in the UK can claim up to £500 every three months (up to £2,000 a year) for each of their children to help with childcare costs. 

If the child is disabled, the amount goes up to £1,000 every three months (up to £4,000 a year).

To claim the benefit, parents will need to open a tax-free childcare account online. For every 80p paid into the account, the government will top it up by 20p.

The scheme is available until the September after the child turns 11.

Universal credit  - Working families on universal credit can claim back up to 85% of their monthly childcare costs, as long as the care is paid for upfront. The most you can claim per month is £951 for one child or £1,630 for two or more children.

Tax credits -  People claiming working tax credit can get up to 70% of what they pay for childcare if their costs are no more than £175 per week for one child or £300 per work for multiple children.

Two big economic moments dominated the news agenda in Money this week - interest rates and GDP.

As expected, the Bank of England held the base rate at 5.25% on Wednesday - but a shift in language was instructive about what may happen next.

Bank governor Andrew Bailey opened the door to a summer cut to 5%, telling reporters that an easing of rates at the next Monetary Policy Committee meeting on 20 June was neither ruled out nor a fait accompli.

More surprisingly, he suggested that rate cuts, when they start, could go deeper "than currently priced into market rates".

He refused to be drawn on what that path might look like - but markets had thought rates could bottom out at 4.5% or 4.75% this year, and potentially 3.5% or 4% next.

"To make sure that inflation stays around the 2% target - that inflation will neither be too high nor too low - it's likely that we will need to cut Bank rate over the coming quarters and make monetary policy somewhat less restrictive over the forecast period," Mr Bailey said.

You can read economics editor Ed Conway's analysis of the Bank's decision here ...

On Friday we discovered the UK is no longer in recession.

Gross domestic product (GDP) grew by 0.6% between January and March, the Office for National Statistics said.

This followed two consecutive quarters of the economy shrinking.

The data was more positive than anticipated.

"Britain is not just out of recession," wrote Conway. "It is out of recession with a bang."

The UK has seen its fastest growth since the tailend of the pandemic - and Conway picked out three other reasons for optimism.

1/ An economic growth rate of 0.6% is near enough to what economists used to call "trend growth". It's the kind of number that signifies the economy growing at more or less "normal" rates.

2/ 0.6% means the UK is, alongside Canada, the fastest-growing economy in the G7 (we've yet to hear from Japan, but economists expect its economy to contract in the first quarter).

3/ Third, it's not just gross domestic product that's up. So too is gross domestic product per head - the number you get when you divide our national income by every person in the country. After seven years without any growth, GDP per head rose by 0.4% in the first quarter.

GDP per head is a more accurate yardstick for the "feelgood factor", said Conway - perhaps meaning people will finally start to feel better off.

For more on where Friday's figures leaves us, listen to an Ian King Business Podcast special...

The Money blog is your place for consumer news, economic analysis and everything you need to know about the cost of living - bookmark news.sky.com/money .

It runs with live updates every weekday - while on Saturdays we scale back and offer you a selection of weekend reads.

Check them out this morning and we'll be back on Monday with rolling news and features.

The Money team is Emily Mee, Bhvishya Patel, Jess Sharp, Katie Williams, Brad Young and Ollie Cooper, with sub-editing by Isobel Souster. The blog is edited by Jimmy Rice.

If you've missed any of the features we've been running in Money this year, or want to check back on something you've previously seen in the blog, this archive of our most popular articles may help...

Loaves of bread have been recalled from shelves in Japan after they were found to contain the remains of a rat.

Production of the bread in Tokyo has been halted after parts of a "small animal" were found by at least two people.

Pasco Shikishima Corp, which produces the bread, said 104,000 packages have been recalled as it apologised and promised compensation.

A company representative told Sky News's US partner network, NBC News, that a "small black rat" was found in the bread. No customers were reported to have fallen ill as a result of ingesting the contaminated bread.

"We deeply apologise for the serious inconvenience and trouble this has caused to our customers, suppliers, and other concerned parties," the spokesman said.

Pasco added in a separate statement that "we will do our utmost to strengthen our quality controls so that this will never happen again. We ask for your understanding and your co-operation."

Japanese media reports said at least two people who bought the bread in the Gunma prefecture, north-west of Tokyo, complained to the company about finding a rodent in the bread.

Record levels of shoplifting appear to be declining as fewer shopkeepers reported thefts last year, new figures show. 

A survey by the Office for National Statistics shows 26% of retailers experienced customer theft in 2023, down from a record high of 28% in 2022.

This comes despite a number of reports suggesting shoplifting is becoming more frequent. 

A  separate ONS finding , which used police crime data, showed reports of shoplifting were at their highest level in 20 years in 2023, with law enforcements logging 430,000 instances of the crime.

Let's get you up to speed on the biggest business news of the past 24 hours. 

A privately owned used-car platform is circling Cazoo Group, its stricken US-listed rival, which is on the brink of administration.

Sky News has learnt that Motors.co.uk is a leading contender to acquire Cazoo's marketplace operation, which would include its brand and intellectual property assets.

The process to auction the used-car platform's constituent parts comes after it spent tens of millions of pounds on sponsorship deals in football, snooker and darts in a rapid attempt to gain market share.

The owner of British Airways has reported a sharp rise in profits amid soaring demand for trips and a fall in the cost of fuel.

International Airlines Group said its operating profit for the first three months of the year was €68m (£58.5m) - above expectations and up from €9m (£7.7m) during the same period in 2023.

The company, which also owns Aer Lingus, Iberia and Vueling, said earnings had soared thanks to strong demand, particularly over the Easter holidays.

The prospect of a strike across Tata Steel's UK operations has gained further traction after a key union secured support for industrial action.

Community, which has more than 3,000 members, said 85% voted in favour of fighting the India-owned company's plans for up to 2,800 job losses, the majority of them at the country's biggest steelworks in Port Talbot, South Wales.

Tata confirmed last month it was to press ahead with the closure of the blast furnaces at the plant, replacing them with electric arc furnaces to reduce emissions and costs.

In doing so, the company rejected an alternative plan put forward by the Community, GMB and Unite unions that, they said, would raise productivity and protect jobs across the supply chain.

Rishi Sunak has told Sky News that the UK exiting recession shows the economy has "turned a corner". 

He told our economics editor Ed Conway : "I am pleased that while there's more work to do, today's figures show that the economy now has real momentum, and I'm confident that with time, people will start to feel the benefits of that.

"We've had multiple months now where wages are rising, energy bills have fallen, mortgage rates are down and taxes are being cut... I'm pleased with the progress that we're making."

Mr Sunak added: "I am confident the economy is getting healthier every week."

Lidl will increase staff wages for the third time in 12 months, the supermarket has announced. 

Shop workers in London will get £13.65, up from £13.55, while staff elsewhere will get a rise from a minimum £12 to £12.40 - at a cost of £2.5m to Lidl.

The supermarket invested £37m in pay increases in March, on top of £8m in September - a total of more than £50m in the past 12 months. 

The increase comes into effect from 1 June. 

Lidl GB chief executive Ryan McDonnell said: "As we continue to expand, we are welcoming more customers and attracting more colleagues into the business every day.

"It's absolutely right, therefore, that we continue to offer industry-leading pay."

Tech giant Apple has apologised after an advert for its new iPad model prompted outrage.  

The ad promoting the thinnest-ever iPad shows creative tools including cameras, books, paint cans and musical instruments being crushed in an industrial press.

But many, including celebrities like Hugh Grant, decried the crushing of artistic objects.

In a statement released to Ad Age, Tor Myhren, Apple's vice president of marketing communications, said: "Creativity is in our DNA at Apple, and it's incredibly important to us to design products that empower creatives all over the world.

"Our goal is to always celebrate the myriad of ways users express themselves and bring their ideas to life through iPad. We missed the mark with this video, and we're sorry."

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