Garmin Pays Millions in Ransom | How to Navigate Third-Party Delivery Services | Drones Delivering Medicines

Plus: Retailer Earnings, Democratic Convention In Focus For Investors As Stimulus Stall Continues

While Paycheck Protection Program borrowers navigate maximum loan forgiveness and Covid-19 continues to deliver cash stings to companies, many are getting creative and seeking new ways to stretch their dollars such as an Alabama food truck that uses a curbside pickup lane and a Michigan vintage store owner that turned to selling via Facebook Live.

E-commerce is also clearly having a moment as many look for niches and products that solve a problem. “We’re seeing a lot of smaller e-commerce sellers doing very well,” says Gary Huang, a veteran e-commerce seller on Amazon and eBay. However, new business models come with costs especially when 80% percent of the sales volume on Amazon is taking place on the top 10 product listings.

Sometimes, the most valuable lessons can be learned from the examples others set. Forbes contributor Steven Beagelman discusses how to navigate in-house delivery through third-party delivery services by sharing how a Canadian fitness pro got creative with 180 personal trainers and online training programs to achieve growth mode and how a North Carolina hospital chain came to use drones to deliver medicines.

"Eighty percent of the sales volume on Amazon is taking place on the top 10 product listings."

Gary Huang

Veteran e-commerce seller on Amazon and eBay

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With more consumers shopping online than ever before, now is the perfect time for many small businesses and solopreneurs to try e-commerce says Gary Huang, a veteran e-commerce seller on Amazon and eBay.

Instead of having a central location, the REI co-op will embrace a new HQ set-up of multiple satellite campuses and “lean into remote working as an engrained, supported and normalized model.”

Meet Kristin Thomas, founder of the Health & Wellness Business School, which teaches health and wellness practitioners how to build sustainable, profitable, and heart-centered businesses.

Delivery is a time-honored staple of the food service industry. However, offering in-house delivery has always come at a price—hiring, training and employing delivery drivers adds labor costs to the restaurants, as does insurance. An increasingly popular alternative to in-house delivery is to utilize a third-party delivery service.

As soon as a patient checks in at a Wake Forest Baptist Health infusion clinic, their specific medicine is created at the hospital and flown over via drone, creating an on-demand pharmacy for medicine with a short shelf life.

Mall operators like Westfield are experimenting with outdoor pop-up events as a temporary solution to Covid-19 restraints, but experts differ on long-term strategies.

Forbes launched the Next 1000, to spotlight and accelerate self-funded, self-driven overachievers, providing a platform for under-represented communities. Judges include Russell Wilson, Sheryl Sandberg, Alex Rodriguez, Mellody Hobson, Ciara and Reid Hoffman. Any entrepreneur in America can apply, or be nominated, as long as they've been in business at least a year (whether full-time, part-time or side hustle), have less than $10 million in revenue and have raised no more than Series A funding (with extra points for the do-it-yourself heroes extolled by Robert F. Smith). 

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