Some of the biggest revelations of the past couple of centuries came through the innovation and ideas of immigrants that came to the United States from other countries. This is certainly the case in regards to the OSI Group, home to Chicago, where it was first started back in 1909 by a German immigrant by the name of Otto. He grew this company into a major contender in the food market, especially starting in 1928 when his sons joined the family business. At this time, the company was known as Otto & Sons and was ahead of the competition in the whole Chicago area. The entire town experienced new growth in the business that was brought in by Otto & Sons, where much of the cities population was made up of immigrants from Germany.
After the business became a major contender in the food service market, Otto wanted to provide the entire nation with safe and fresh meat and it was the main goal for a long time. Although he never expected the company to experience such great success, there is no doubt Otto & Sons has been a leading competitor in the food services market for meats for more than five decades. Starting in the 1970’s, the company continued to expand into new territory, opening new offices outside of the Chicago area and continued expanding to new locations heavily through the 1980’s.
Today, OSI Group is a provider of many different foods, including beef patties, tofu, bread, sausage, poultry, soup, steak, cheese, and much more. OSI Group is enormous by company standards today and they are easily one of the largest food processor and supplier companies in the entire world. With billions of dollars in revenue generated each year, OSI Group has been ranked as one of the largest companies in the United States according to a ranking by Forbes. This multi-billion dollar corporation is ahead of the game and will continue to expand into new territory for many years moving forward.
Jed McCaleb is the Co-Founder and CTO of Stellar, an organization that is using cryptocurrency to change the financial system. Before he could manage to build this company, he had worked with other companies and therefore had accrued some experience of running a company in this industry. It has however been a challenging experience trying to make it in this industry. It is an infant industry, and therefore the challenges that come with it are many. Only those determined to make it in the industry are going to make it. Jed McCaleb is one of the innovators of the industry who have made a great difference by launching unique projects that have potential to change the industry.
When Jed McCaleb appeared in an interview with CNBC, he outlined the things which have been happening in the industry and predicted what he hopes will happen in the years to come. One of the things he talked about is the possibility of creating a cross-border payment system that will be used to make payments using digital currencies. One of the challenges facing the industry currently is the lack of a payment system that can be used to facilitate transactions. Lack of a payment system has made some people and banking institutions to stay away from them. The payment system that Jed McCaleb is talking about will be universal meaning that everyone in the world will be able to use.
In the next one decade, Jed McCaleb sees a scenario where there will be a hybrid system where the whole financial sector will be running on blockchain technology. The stock market and other non-asset securities will be handled under the system. Stellar is working on a network that is secure enough to be used for transacting money. Security is a major cause of concern for the digital currencies. Cases of hacking have been detrimental to the industry as it results in prices sinking.
Jed McCaleb is setting the right trend for the industry, and hopefully, in the next few years, there will be much more acceptability of the digital currencies. Jed McCaleb is urging those interested in the industry to make efforts to work on the technology as this is where the strength of digital currencies lies.
More on Jed McCaleb’s background on LinkedIn
Everyone that has tried to start and run a business will tell you that it is not easy. To make things come together, you need dedication, lots of hard work and skill. One of the people who have mastered the perfect balance of these three element and used it to succeed as the COO of NICE Global, is Paul Herdsman.
Paul Herdsman and his partners started this company in Jamaica and currently it is one of the most profitable startups in the Jamaica. What makes the story extraordinary is the fact that when Paul and his partners started out, he had no idea how business works in Jamaica, but he managed to learn, maneuver and thrive in the fiercely competitive market. Here are lessons that Paul shares about entrepreneurship.
The importance of a positive workplace culture
One of the most important things which you have to do as an employer is that you have to create a positive and engaging culture at the workplace. When your employees are happy, and they feel as if they are part of a family, they will not spend their time looking for better workplaces to belong. At the same time, when repeat customers keep seeing the same faces whenever they visit your business, they gain confidence in your business and entrust you with more. Read This Article to learn more.
Reward those employees who perform well
One of the biggest mistakes that employers make is capitalizing on the mistakes and whispering about the success. When you make it a habit to laud and reward those people who are doing well in their positions, everyone else strives to reach that level of success and get rewarded.
Learn more about Herdsman’s business tips in his interview on https://ideamensch.com/paul-herdsman/
Paul herdsman is a graduate of the Florida Atlantic University where he got his Bachelor of Arts. He lives in Florida with his family and flies out to Jamaica whenever the Kingston based business has meetings.
Additional Reference: http://weeklyopinion.com/2018/06/lessons-entrepreneur-paul-herdsman/