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Jay Bloom on Working With Fortune 500 Companies and Keeping It “World Class”

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Establishing a classical financial and analytical career has been a passion for entrepreneur Jay Bloom. His experience with Fortune 500 financial institutions has provided a wealth of knowledge that he has used in his business ventures, including Pegasus Group Holdings, which owns and operates utility scale renewable energy installations providing the nations power grid. Each experience has helped Jay grow in his understanding of and appreciation for world-class business operations.

Build Your Portfolio

Jay’s career with Fortune 500 companies began with Manufacturers Hanover Trust Co., which eventually acquired Chemical Bank (which in turn acquired Chase Bank, followed by JP Morgan Chase). Although he started out as an officer for the bank, he was fast-tracked and put into a management and credit training program. He quickly built experiences from there, working with C-level executives on real estate loans and REO portfolios. This experience whet his appetite for more and led to his personal business ventures.

Use the Experience

His background with Fortune 500 companies at the bank gave Jay Bloom a keen understanding of how successful businesses grow and thrive. More and more savvy entrepreneurs are finding this experience to be valuable in creating their own world-class businesses. In fact, according to Neil Patel of the Angels and Entrepreneurs Network, startups are really the next generation of the Fortune 500.

Jay took what he learned in the banking industry and applied it to a wide variety of businesses across industries throughout the years. He has worked with early-stage businesses, mid-cap acquisitions, and venture capital transactions. All of that early work with Fortune 500 companies gave him the tools to create new revenue streams, negotiate deals, and develop successful operations in his own ventures.

Building Your Version of a Fortune 500

Like most savvy entrepreneurs, Jay Bloom is constantly building on past experiences and acquiring new knowledge to expand his opportunities and strengthen deals for himself and his business partners. This has led to great personal and professional successes, such as establishing large utility scale renewable energy installations.

What is a Fortune 500 company, anyway? According to Fortune, the companies on the list represent two-thirds of the U.S. economy; they include some of the biggest, most recognizable names in their industries. Primarily, in today’s world, they are savvy and flexible. They’ve eschewed old models of business and embraced new ones that incorporate technology. They are always ready to pivot to stay on top.

These are the tools that have helped Jay Bloom launch many successful ventures. Incorporating these elements into your own startup can ensure that you’re keeping it world-class.

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

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Lifestyle

Powerful Corporate Gifting Strategies to Build and Strengthen Business Partnerships

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If you want to build and strengthen business partnerships with your clients and top investors, there are a few key steps you must take. One essential strategy is corporate gifting. This simple act goes beyond building a partnership. It will also increase your customer retention rate and promote your business even beyond the shore of your country. 

But before you consider gifting any item, there are some strategies to put in place. This will ensure your gift makes a lasting impression and resonates well with your clients. Below are powerful corporate gifting strategies to build and strengthen business partnerships with your clients and top investors. 

Choose a Personalized Item 

Rather than choosing an ordinary gift for your clients and investors, opt for a personalized item. Customised corporate gifts such as T-shirts, coffee mugs, and bags create a stronger emotional connection than generic gifts. They also leave a more lasting impression than most other gift types.

Imagine how investors and your clients will feel when you beautifully inscribe their image or favorite quotes on a T-shirt. Of course, they will feel valued, appreciated, and ready to invest more in your business.

Consider Their Culture and Background 

As an entrepreneur, it’s essential to be culturally competent and sensitive. Your gifts should resonate with your clients’ and investors’ cultural backgrounds. Otherwise, they may be quickly discarded or overlooked. If your investors and audience are predominantly of Black heritage, consider giving them a custom T-shirt featuring a map of Africa or inspirational quotes from iconic Black leaders. 

Their religious beliefs are also important. Specific religions may find some images or symbols inappropriate. For instance, if you’re giving a gift to a Muslim investor, avoid designs that include images like pigs, as they are considered offensive in Islamic culture.

Consider a Functional Gift 

You should also consider the gift’s functionality. A gift that can be used every day will be more valuable than an impractical one. Even if the gift is expensive but doesn’t have any functional purpose, it won’t serve the purpose it was intended for. 

Instead of purely sentimental keepsakes or abstract gifts, consider practical items like pens, notebooks, backpacks, coffee mugs, umbrellas, or water bottles. Just make sure the gift is well-designed and features your brand logo and identity. This not only increases brand visibility but also helps strengthen the connection between you and your investors.

Tie it to a story

Tie your gifts to a story to make them more memorable and emotionally meaningful. For example, if during your business’s early days, your employees always worked tirelessly day and night, you could opt for a custom hourglass. Clients and investors who receive such a gift will appreciate your business’s journey of patience and perseverance.

Offer Quality Gifts

Gifts given to investors or clients who have significantly contributed to your business growth should reflect their value. They shouldn’t be cheap or low-grade items. The gift doesn’t have to be trendy or widely popular, but it should come from a reputable and high-end brand. This will give your gift more credibility. Besides, the recipients will feel comfortable to use the gift among their colleagues.  

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