Utah man hopes third startup will be the charm

PLEASANT GROVE — If you ask Taylor Reynolds, running a successful business is all about persistence — having the tenacity to keep going, no matter what.

Reynolds just launched his own ax-throwing company. He first heard of the sport in Canada and thought it would draw in those who wanted a break from the fast-paced world of smartphones and freeways.

“We can get stagnant very easily, right?” Reynolds said. “There’s not a lot of novelty. There’s not a lot of new challenge.”

Ray Boone

A customer at Prodigious Entertainment in Pleasant Grove reacts after his axe falls to the ground on Tuesday, July 3, 2018.

And the challenge for him is almost being the first, then finding himself entering a crowded market.

“A lot of us had the same idea around the same time,” he said.

Reynolds took note when a similar company opened in Ogden, but he shrugged it off because he felt people in Utah County probably wouldn’t be making the drive north. But he’ll never forget the day he heard one was opening right in his backyard.

“That one rattled me,” he said. “I actually was at a point where I would’ve had a building and was working on the final lease arrangement agreements in May of last year. And then at the last moment, the landlord decided to give the space to somebody else. If I’d got that original space, I would’ve been the first one in Utah County.”

But Reynolds thrives on novelty. He feeds on new challenges — this is his third startup.

“They think I’m crazy, but I keep doing it, so at least I’m consistent,” he said.

The cuts from his first defeat still sting.

“It was an absolute failure,” said Reynolds, thinking back on an industrial noise-canceling business he started after college. “I had just bought a house. And …read more

Source:: Deseret News – Business News

Manley role at Fiat Chrysler a turning point for carmaker

The nomination of Mike Manley as CEO of Fiat Chrysler marks a turning point for the carmaker, putting a brand with historic Italian roots in the hands of someone with no ties to Italy — a Brit who showed his mettle by growing the quintessentially American Jeep into a global brand.

Manley has been one of the closest collaborators with the company’s longtime leader Sergio Marchionne and had been seen as a possible successor since Marchionne announced in January that he planned to step down next year. Those plans were pushed up Saturday after Marchionne’s health deteriorated following surgery.

The 54-year-old Manley also headed the Ram truck brand, which together with Jeep have been the focus of Fiat Chrysler’s growth strategy in North America, whose market represents two-thirds of Fiat Chrysler’s earnings.

“The success of the Jeep brand under Mike Manley and his global background make him the smart choice to be the new head of FCA,” said Karl Brauer, executive publisher of Autotrader and Kelley Blue Book. “His international experience in growing that brand will play a key role as he applies those techniques to all of the Fiat Chrysler divisions.”

Manley had joined the company in 2000. He took over management of the Jeep brand in 2009, just after Chrysler emerged from bankruptcy protection funded by the U.S. government. At the time, the all-SUV Jeep mainly was a U.S. brand, where sales languished at around 232,000 for the year.

By 2017, though, sales had nearly quadrupled to more than 828,000 as Americans snapped up all-wheel-drive SUVs. The brand also grew internationally, especially in China, under Manley, and has a difficult goal of hitting 2 million in sales worldwide this year.

Manley stayed at the company through tumultuous times when other executives were ousted, and his roles were expanded because he performed, said Autotrader.com analyst …read more

Source:: Deseret News – Business News

Dockless Bird scooters ready to return to Salt Lake City by the hundreds

SALT LAKE CITY — The dozens of Bird rentable scooters that perched briefly on downtown streets late last month are poised to return in a flock of hundreds after the company finalized a new agreement with Salt Lake City on Friday.

City officials say the collaboratively constructed operating agreement for so-called “dockless” scooter and bicycle systems places limits on number of vehicles, stipulates rules for keeping sidewalks clear, establishes safety standards and provides for penalties when rules are broken. The document was sent out to five potential vendors this week. Bird is the only company to respond so far, and its scooters could be back in action in a matter of days.

Bird scooters made a surprise appearance on Salt Lake streets in late June, but quickly vanished after the company agreed to voluntarily removing them while it looked into getting a business license from the city.

Jeffrey D. Allred, Deseret News

A.J. Allan rides a Bird electric scooter in Salt Lake City on Thursday, June 28, 2018. The scooters just made their first appearance in Salt Lake City with 100 of them distributed in downtown.

Dockless companies rent scooters and bikes for rides via a smart phone app and, instead of needing to return vehicles to a designated location, or dock, they can be left wherever users finish their trips. Locating a vehicle to rent is also coordinated by the app, which identifies available scooters or bikes with a digital map.

Salt Lake City Transportation Director Jon Larsen told the Deseret News the experiences of other cities, some of which have been reportedly overrun with the arrival of dockless vehicle systems, helped guide contract language, as did recently released dockless system management guidelines from the National Association of City Transportation Officials. Vendors were also afforded the opportunity to review …read more

Source:: Deseret News – Business News

Jersey Mike’s Subs donates over $53K to Make-A-Wish Utah

SALT LAKE CITY — Representatives from Jersey Mike’s Subs restaurants throughout the state on Thursday handed over a check for $53,208 for Make-A-Wish Utah. The funds were collected during the Jersey Mike’s Annual Month of Giving campaign in March.

According to Make-A-Wish Utah, the average cash cost of a wish in Utah is just over $5,000, meaning Jersey Mike’s Subs and its customers collected enough to grant the wishes of 10 Utah children battling critical illness.

Throughout March, Jersey Mike’s restaurants in Utah collected donations to support local wishes. The event culminated at the stores’ “Day of Giving” on March 28, where 100 percent of sales at all Utah locations were donated to Make-A-Wish Utah.

…read more

Source:: Deseret News – Business News