CBX Daily 1/6/2025

Author

Majella Mark
January 06, 2025

Today, black Santas are being paid for their time, but let’s start with how the need to stay fit could influence you to own a gym…

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Pumping Up Your New Year's Resolutions Towards Gym Ownership

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The most popular resolution is getting fit, but maybe it should be growing your wealth. When it comes to the January workout warriors they are typically short lived, with 14% of them quitting by February, and 80% quitting within the first five months. However, millennials will spend over $100,000 in fitness related purchases including gym membership in their lifetime. Since $1.8 billion are spent on unused gym memberships annually, you can have a gym with little foot traffic and still make money.

Professional Santa's Holiday Earnings Continue To Level Up   

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From small businesses to parades, company parties and department stores dressing up as jolly old Saint Nick to spread Christmas cheer is a lucrative business. Despite the fact that St. Nick is a fictional character, Black Santa’s across the country can command nearly $400 or more per hour for their services. As the Christmas holiday rolls around again Black Santa’s remain booked, busy and sometimes hard to find.

Are Remote Jobs Enhancing Diversity Recruiting?   

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The creation of wealth within Black families is a struggle confronted with racial disparities in homeownership, business ownership, and wage gaps. Black workers' median annual wage is about 30% lower than that of white workers, according to a report from McKinsey, further widening the wealth gap. This issue, sitting at the intersection of business and culture, warrants urgent attention and action. 

Black Families Ongoing Quest For Generational Wealth     

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The creation of wealth within Black families is a struggle confronted with racial disparities in homeownership, business ownership, and wage gaps. Black workers' median annual wage is about 30% lower than that of white workers, according to a report from McKinsey, further widening the wealth gap. This issue, sitting at the intersection of business and culture, warrants urgent attention and action. 

Money Is Pouring Into AI Startups, But The Profit Isn’t Coming Out For VCs          

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It’s rare to read headlines about startups raising millions in Venture Capital (VC) funding, without Artificial Intelligence (AI) being at the forefront of their product offering. That’s because the market for AI has been experiencing rapid growth, going from a valuation of $136.6 Billion in 2022, to an expected $1.8 Trillion by 2030. However, while funds are pouring into AI startups, not a ton is coming back out at the other end. In fact, last year, venture funds invested $60 billion dollars more than they collected - a record profit gap.  

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