ProCNKT Weekly

Staying positive. Embracing Failure.

Author

Donagan Anderson
December 02, 2024 • Estimated Reading Time: 7 minutes

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Table of Contents

For the next few issues we will be playing some with our format some. We want to give you everything you’ve come to enjoy and expect from ProCNKT Weekly. So, we’re going to experiment with putting a little of everything into our weekly newsletter. That will include Tips and Tricks, Business Bites and Market report all in one email. With a Business spotlight once a month. That way you can enjoy reading the whole email or go directly to the specific section that you like the most.

So, without further ado. We hope you enjoy and we would love to hear from you on what you enjoyed most and how we can improve.

"Embrace failure as a stepping stone to success." 🌟 Steve Jobs once said, "I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance."

Running a small business is no walk in the park, and setbacks are inevitable. But don't let those failures knock you down! Instead, view them as valuable lessons that bring you closer to your ultimate goals. Keep pushing forward, learn from your mistakes, and stay resilient. Remember, every successful entrepreneur faced challenges and persevered. So, keep your chin up and your dreams big. 🚀💪

Your determination can turn obstacles into opportunities.✨

Business Bites

Sophia Amoruso:

Imagine a young woman, finding her unique style in thrift stores and flipping vintage finds on eBay. That's Sophia Amoruso’s wild ride! Diagnosed with ADHD and grappling with life's curveballs, she transformed her love for thrift shopping into a fashion empire.

In 2006, with nothing but grit and a keen eye for style, Sophia launched Nasty Gal Vintage on eBay. Her quirky marketing and unique selections caught fire. Fast forward a few years, and she was raking in millions, with Nasty Gal hailed as a major player in the fashion world.

But it wasn't all rainbows and runways. After explosive growth and a head-spinning $23 million revenue in 2011, the dream hit a snag. Bankruptcy loomed in 2016. Yet, like a phoenix, Sophia rose from the ashes with Girlboss—a brand designed to empower women everywhere.

Sophia's story isn't just about fashion—it’s a testament to resilience, creativity, and sheer audacity. From humble beginnings to boardroom dives, she's living proof that failure is just another fabric in the tapestry of success.

Sources:

Market Recap Summary: Last Week

Last week, the stock market showed a mix of gains and losses. The S&P 500 finished just shy of its record high, while the Dow Jones and NASDAQ also saw modest gains. The Russell 2000, a small-cap stock benchmark, surged by 4.5%.

Bitcoin reached a new record high for the third consecutive week, trading above $99,000. On the other hand, U.S. crude oil prices rose by over 6% amid geopolitical tensions.

Overall, the market's positive momentum is supported by a resilient consumer, rising corporate profits, and the start of a rate-cutting cycle. However, there are concerns about elevated valuations and potential curveballs ahead.

Best Performers:

1. Symbotic Inc. (SYM): Symbotic Inc. saw a remarkable 35.86% gain. This surge was driven by increased interest from institutional investors and positive earnings reports. The company's innovative robotics and automation technology continues to attract significant attention.

2. Chykingyoung Investment Development Holdings Inc. (CHYI): CHYI also performed well, though specific reasons for its rise weren't as prominently reported.

3. Dell Technologies Inc. (DELL): Dell's stock rose significantly, likely due to strong quarterly earnings and positive market sentiment towards tech stocks.

Worst Performers:

1. SKK Holdings Limited (SKK): SKK Holdings faced a dramatic 82.65% drop. This steep decline was attributed to disappointing earnings reports and concerns over its financial health.

2. Wellchange Holdings Company Limited (WCT): Wellchange also saw a significant drop, though specific reasons weren't highlighted in the reports.

3. TMT Acquisition Corp (TMTC): TMT Acquisition Corp experienced a notable decline, potentially due to market volatility and investor concerns.

Sources

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Thank you as always for sticking with us through thick and thin. Your support is always greatly appreciated.

Cheers to good business and great people!

-Donagan Anderson, Founder of ProCNKT and Editor of ProCNKT Weekly

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