Out Of My Mind On A Tuesday Mornin’

Out Of My Mind On A Tuesday Mornin’

Your thoughts on the economy in 2020?

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Happy & Healthy New Year! We are two weeks into January and have the entire year ahead of us. What are you most excited about this year?

The economy? Looks like 2020 will be another good year with zero chance of recession. And that means the stock market should stay strong too.

The elections? There are plenty of elections to go around but we know the big one is coming in November. Perhaps March the Democrats will decide who their candidate will be. Will it be Biden or Warren? Suddenly Warren is promising all student debt to be wiped off the books to the tune of $1.8 Trillion. In the end, Trump will prevail and the conservatives will roll on for another four years.

The weather? Freezing in LA and LAS, warm in Detroit and who cares? We did have a record rainfall in January already but we haven’t seen serious snow since early November. Very happy not to own an outdoor business like a ski resort.

5G? Yep, it is finally coming and Apple will unveil its first ever 5G phones later this year. But the real fun won’t begin until 2021 and beyond. The next decade will bring on more change than the previous three combined.

The beauty business? All depends what hat you are wearing. Consumers are still in love with beauty and always will be. Ulta continues to open more stores and department stores continue to lose market share. Coty & Revlon are still looking for buyers and the pro business will continue to shrink.

What I am most excited about is the opportunity TNG has to continue to increase its presence and organically grow its brands. EMMA Beauty is all the rage and just getting started. Ginger Lily Farms Botanicals is in the right spot at the right time. And ForPro Professional Collection continues to grow its #1 position among salon professionals. Everyone is loving thebeautybook Spring 2020 edition and nothing like celebrating 35 years in business.

Tesla just roared past $500 and on its way to $600 per share, worth more than both GM and Ford combined. Soon, it will be worth more than GM, Ford and Fiat combined. The worst performing auto maker over the past 20 years has been Ford, any surprise that they own the Detroit Lions, the worst ranked team in football?

Howard Stern is one of my mentors not because he can say f—k anytime he wants and get away with it, but he just turned 66 and still loves what he is doing. Jimmy Buffett is another and he just turned 71. Love what you do and life is good. And sorry Howard, if you ate your veggies instead of shrimp pasta every night you wouldn’t need Metamucil.

Delta reported record revenues and profits. I can attest to that, its planes are always full just like the airports. Instead of going to malls, people are traveling everywhere. It is amazing to think that in four hours time, you can be sitting on a beach in Mexico from Detroit OR just arriving in Petoskey. Hmm, what sounds better to you? If you are JB, you are in the minority!

Have you heard of the World War Zero website? The global climate activists are doing their best to stir the pot, then again, ask them for evidence on their findings, and you understand why this war is going to go nowhere. Most interesting? Americans were surveyed how much they would be willing to spend to fight global warming. How much do you think? $100 per month? $10 per month? The answer was $1 per month. That tells you the priority level. We have more important things to contemplate, like getting into seeing the doctor for our latest ailment!

Happy Tuesday!

Larry

2017 Here We Come

It’s all going to start happening January 20 when President-elect Trump becomes the 45th President in the USA. Exactly what happens is anyone’s guess and we know the media is clueless. However I can say I am very optimistic about 2017. It should be the first year before the 2001 dot.com crash era that the state of affairs is about business. After all,  business is what propels the U.S. economy with 70% of the spending coming from consumers. What we also need is for businesses to spend money on productivity and on capital investments through lower taxes and bringing back more than $1 trillion in overseas cash.

For TNG, 2017 starts the first week of January with the launch of thebeautybook Spring 2017 edition. The all-new look is our best catalog to date and includes more than 250 new products developed through our research and development. Many of these products are ground-breaking and very exciting. For sure this is the largest introduction of new products in our history and we will continue to build on this momentum throughout the year. One brand that is red-hot is Ginger Lily Farms Botanicals as every seasonal item sold out. New seasonal collection for Valentine’s Day, Easter and Mother’s Day is sure to sell out again featuring Strawberry Shortcake and Chocoholic. These luscious flavors will be available in our Fizzy Bombs, new Buttercup Bath Creamers, butters, scrubs and candles.

ForPro will continue its innovative lead with amazing new cotton products, massage accessories, hair care accessories and brilliant new products. With the continued lack of innovation coming from the beauty industry, it is no wonder our customers are loving ForPro and our Signature brands.

2017 is also going to be exciting because so many of our key customers are optimistic as well. Resorts, spas and key retailers see this is a break-out year. That means more money for expansion, renovations and new properties. Even Jimmy Buffett who turns 70 Christmas Day is opening up new Margaritaville resorts and Parrotheads love them.

Best yet for 2017, we have the best talent to handle our continued growth. Between our store talent that is #1 in customer service to our inside and outside account representatives, no one knows the beauty business like we do. And with the continued consolidation of key players, TNG and THE INDUSTRY SOURCE will continue to thrive.

On a personal note, my middle son Daniel and his fiancé Stacy are expecting a baby girl April 29 and getting married December 2. Congrats to them!

So yes, 2017 will be quite the year and let’s hope President Donald does the right things and keeps optimism alive for a very long time. We can all use a healthy dose.

Happy Holidays! Happy, healthy and safe New Year! And thanks for reading my blog.

Larry

Out Of My Mind On A Friday Mornin’

What is your favorite Mexican food/beverage?

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WOW, where did the week go? OK, I will admit I finally took a few days off in sunny Mexico. I don’t have a laptop and my iPhone doesn’t have international access so when I’m gone, I’m gone. We stayed south of Cancun in the hot tourist area called the Maya Riviera nearby the new hot town Playa Del Carmen. Although Mexico is rife with drug, government and police issues, this part of Mexico is calm and collected. The weather is always good and the Mexican people are ultra friendly and love to take care of their guests.

What’s better than fresh guacamole and tortilla chips? Mexico is famous for their hot sauces and we had a variety to choose from. They have no such thing as “Pace” (the American version of salsa) as everything they make is fresh and homemade. I especially love the pablano pepper sauce, red sauce and Mexican salsa. But after a few days of eating it for breakfast, lunch and dinner (you can’t help it), you can’t wait to get home so you can stop eating it.

The Hospitality industry in Mexico is quite diverse and all of the major players are now situated in this part of Mexico (Four Seasons is working on taking over a failed Viceroy development). While most of the larger properties are all-inclusive, there are many properties that have opened in the past few years that are not. I will admit my days of standing in the swimming pool with a beer in my hand and a cooler of them poolside are long gone (actually they never happened although a good Peña Colada was my weakness). Add that, blaring music, non-stop activities and food that never stops either, all-inclusive resorts are quite hectic. The newer resorts are quiet and while they allow kids, you can relax if that is your goal.

With all the TSA precautions going on at USA airports, how is it the Cancun airport which is among the most ultra-modern in North America, not only allows you to keep your shoes on going through the x-ray, you don’t have to worry about being searched or going through one of those new scanning machines either. They are truly tourist-friendly.

I tried tasting Tequila one night with the BUB. We got the grand idea during the day since the resort put a small bottle in our room with limes and salt. We opened the bottle, poured a large shot and got the limes ready. But since it was a good quality Tequila (like Patron), we decided sipping was better than doing shots. We each took a sip and immediately had the look of disgust on our face like “who can drink this?” Of course we tried another sip but after that, the Tequila was tossed out. I decided you either do Tequila shots with lime and salt or mix it. But you really don’t want to taste the stuff.

Hopefully by now you have received both thebeautybook Spring 2011 edition and The Industry Source magazine Jan/Fed edition. So far the response has been great to both.

An interesting article came out today that L’Oreal is vulnerable to a take-over and that management is deciding what it can do to prevent it from happening. I know I mentioned this fact in 2010, but the more the rumors float, the more they come true. It is still hard to believe anyone could buy L’Oreal.

I’m ready to start my video blog next week and as promised will be focusing on new products. The video blog will feature Amy B. who will be my spokesperson showing off the products.

The Detroit North American Auto Show starts tonight with the charity preview. Compared to the past few years, this show will be splashier, more extravagant and a lot of players are back such as Porsche. Optimism in the auto industry is very high right now with all 3 American companies riding strong. The question is will they learn from their previous mistakes. Union contracts are due later this Fall and one thing is for certain, no company can afford any mistakes at this point. And for Michigan, let’s be happy the auto industry is improving but let’s still move forward with the grand plan to remake this state without auto industry boom and bust cycles.

Happy Friday!

Out Of My Mind On A Friday Mornin’

What is your favorite Mexican food/beverage?

View Results

WOW, where did the week go? OK, I will admit I finally took a few days off in sunny Mexico. I don’t have a laptop and my iPhone doesn’t have international access so when I’m gone, I’m gone. We stayed south of Cancun in the hot tourist area called the Maya Riviera nearby the new hot town Playa Del Carmen. Although Mexico is rife with drug, government and police issues, this part of Mexico is calm and collected. The weather is always good and the Mexican people are ultra friendly and love to take care of their guests.

What’s better than fresh guacamole and tortilla chips? Mexico is famous for their hot sauces and we had a variety to choose from. They have no such thing as “Pace” (the American version of salsa) as everything they make is fresh and homemade. I especially love the pablano pepper sauce, red sauce and Mexican salsa. But after a few days of eating it for breakfast, lunch and dinner (you can’t help it), you can’t wait to get home so you can stop eating it.

The Hospitality industry in Mexico is quite diverse and all of the major players are now situated in this part of Mexico (Four Seasons is working on taking over a failed Viceroy development). While most of the larger properties are all-inclusive, there are many properties that have opened in the past few years that are not. I will admit my days of standing in the swimming pool with a beer in my hand and a cooler of them poolside are long gone (actually they never happened although a good Peña Colada was my weakness). Add that, blaring music, non-stop activities and food that never stops either, all-inclusive resorts are quite hectic. The newer resorts are quiet and while they allow kids, you can relax if that is your goal.

With all the TSA precautions going on at USA airports, how is it the Cancun airport which is among the most ultra-modern in North America, not only allows you to keep your shoes on going through the x-ray, you don’t have to worry about being searched or going through one of those new scanning machines either. They are truly tourist-friendly.

I tried tasting Tequila one night with the BUB. We got the grand idea during the day since the resort put a small bottle in our room with limes and salt. We opened the bottle, poured a large shot and got the limes ready. But since it was a good quality Tequila (like Patron), we decided sipping was better than doing shots. We each took a sip and immediately had the look of disgust on our face like “who can drink this?” Of course we tried another sip but after that, the Tequila was tossed out. I decided you either do Tequila shots with lime and salt or mix it. But you really don’t want to taste the stuff.

Hopefully by now you have received both thebeautybook Spring 2011 edition and The Industry Source magazine Jan/Fed edition. So far the response has been great to both.

An interesting article came out today that L’Oreal is vulnerable to a take-over and that management is deciding what it can do to prevent it from happening. I know I mentioned this fact in 2010, but the more the rumors float, the more they come true. It is still hard to believe anyone could buy L’Oreal.

I’m ready to start my video blog next week and as promised will be focusing on new products. The video blog will feature Amy B. who will be my spokesperson showing off the products.

The Detroit North American Auto Show starts tonight with the charity preview. Compared to the past few years, this show will be splashier, more extravagant and a lot of players are back such as Porsche. Optimism in the auto industry is very high right now with all 3 American companies riding strong. The question is will they learn from their previous mistakes. Union contracts are due later this Fall and one thing is for certain, no company can afford any mistakes at this point. And for Michigan, let’s be happy the auto industry is improving but let’s still move forward with the grand plan to remake this state without auto industry boom and bust cycles.

Happy Friday!

Out Of My Mind In 2010

Do you make New Year's resolutions?

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New Year’s Eve is in two days, wasn’t it just New Year’s Day 2010? I’m celebrating by having a few friends come over for dinner and watch the Time’s Square ball drop at midnight. That is of course I can stay up that long!

Do you know why it’s called Times Square? In 1904, the New York Times opened their new offices and pleaded with New York to change the name from Longacre Square to Times Square.

What are you doing for New Year’s Eve? Most likely eating. Favorite foods include crab legs, lobster, steak and shrimp.

I’m not sure what I’m going to remember about 2010 five years from now. There were plenty of disasters, a sick economy getting better, the rebirth of GM and Chrysler, the Spartans winning the national championship, OPI and Essie being sold, and the end of the occupation of Iraq.

Gas is $3.18 a gallon and going up even more. Isn’t it strange that the media isn’t commenting on this like the first time it surged past the $3 a gallon mark? I know GM with its Volt and Ford with its Fiesta is smiling all the way to the bank.

Did you make your New Year’s resolutions yet? Forget it, 95% of them are broken after the first week.

What were your favorite new products introduced in 2010? For sure the iPad is #1 followed by the iPhone 4. I can’t recall any beverages that got hot like Red Bull or Vitamin Water in years past.

It appears credit cards will be the next item to disappear. Smart phones will have all the credit card info and you will line up the smart phone at the cash wrap to pay for transactions. No signature required.

I read that the next technology to hit ereaders will be paper. Paper is the perfect medium for electromagnetic particles that when configured a certain way, appears just like ink on paper. And like paper, the reader can be rolled up and once used, can even be disposed of. Apparently this is 3-5 years out.

2011 will be another interesting year. Growth will continue in third world countries (Vietnam for example is booming); Europe will still be constrained by its debt while the U.S. will continue its recovery. Unfortunately, housing will remain weak and unemployment will most likely stay above 9%. With commodities at all time highs, and continuing higher, one wonders if and when prices will start to go up. Pressures to keep prices down and increased productivity will remain powerful incentives to keep prices in line. At the salon and spa level, look for more of the same. Hospitality will see more occupancy at the higher end properties as businesses open their purse strings to more travel and events.

TNG is ready to rock in 2011. thebeautybook Spring 2011 edition and The Industry Source magazine are both in the mail and we have plenty of new initiatives ready to go. One of the most exciting ones is our new capability to customize and fill 8 oz. and 16 oz. bottles for the salon/spa/hospitality industry. Another exciting area is the launch of black 15in1 which has had numerous press mentions from its celebrity launch event. Also, we just updated theindustrysource.com to show real time inventory so when customers order online they will now see stock on hand.

And last but not least, thanks for being part of my blog in 2010. I’m excited to launch the video blog in 2011 and have some fun with technology. Have a safe, healthy, and successful 2011.

Happy New Year!

We’re Ready For 2011

We’re Ready For 2011

How do you think 2011 will be compared to 2010?

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By all accounts, it’s beginning to look like 2011 isn’t going to be much better than 2010. If you listened to Ben Bernanke’s remarks on 60 Minutes a couple Sunday’s ago, then you know he is suggesting 3-5 more years before we get to 5-6% unemployment.

The salon/spa/hospitality industries thrive on full employment. And now it seems the party isn’t going to start until 2014 at the earliest. So what do we do in the meantime?

S.T.O.P.

S.T.O.P. is an acronym for Step back, Think, Organize your thoughts, Proceed.

Step back: It hasn’t been business as usual in a very long time. Step back is the ability to know it’s time to make changes.

Think: Meet with employees. Meet with business associates. Read current books. Thinking takes time to strategize and this is mission critical to future success.

Organize your thoughts: Make a list of all the ideas you accumulated. Implement them in short, mid and long term priority.

Proceed: Take action

Here’s the thing about the economy: While unemployment is close to 10%, nearly 90% of people are still working and spending money. Those businesses that attract those people will continue to move forward.

We’re ready for 2011. It’s been painstaking to get everything done, but the groundwork is set and we are excited about the opportunities. Here is a glimpse:

thebeautybook 2011 Spring edition: Updated look, plenty of new items such as NSI Polish Pro, Gellac, Shellac 12 new shades, Thermasoft gloves (they are back!), and new lower pricing on Hospitality items. We have also lowered our backorder policy from $50 to $25 (effective Jan. 2)

BBSpr2011Cover

The Industry Source magazine: Updated look, same great business articles. New for 2011 is that the magazine will be sent to Nailco Gold members only. If you are not a Nailco Gold member, please sign up at nailcogold.com (membership is free).

black 15in1 Miracle Hair Treatment: Official launch date is 1.1.11. Celebrity VIP launch is this Wednesday in West Hollywood. Updates to come.

FRINGE 2011 Dallas: The first really cool hair event in Texas will inspire hairdressers from all over the Lone Star state. January 23 at the Granada Theater, tickets now on sale.

Ginger Lily Farms: New for 2011 is in-house filling, bottle customization, blending bars and so much more.

theindustrysource.com: Coming soon, full integration into SAP. This will give you live inventory, review of past orders, account balance and quicker order entry.

We are ready for 2011. And that means we are ready for you.

Note: I will be in LA the rest of the week.

Happy Monday!