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Archive for the ‘Business news’ Category

There might not seem to be many parallelisms between the salt-crusted surfers throwing shakas on the shore and suited businesspeople in the boardroom.

So, it might sound like a stretch to say that many fundamental business principles can be learned from this laid-back sport.

Despite the differences between surfers and businesspersons, there are six business principles that the ocean can teach us:   …  More

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Red Bull has revealed precisely how much it costs to keep the wheels of one of its Formula One teams turning, right down to the amount it spends on buying the material to build the cars and the stickers that appear on them.

Unlike teams in some other sports, F1 outfits disclose a great deal of financial information and there is good reason for this. Seven of the ten teams are based in Britain and are private limited companies which, ironically, have to file publicly-available annual financial statements. This requirement applies to   …  More

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How do professional surfers make money? How much do they earn a year? Can a pro surfer make a living off competition?

Pro surfing is a relatively new thing. You can only talk of professional surfing careers when the ASP World Tour began its operations in the early 1980s.

Believe it or not, today, there are not more than 1,500-2,000 professional competitive male and female surfers in the world.

And probably only less than 100 athletes will make a living off it.

The monthly salary or annual income of a professional surfer   …  More

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In the latest shake-up in the surf industry, parent company Nike announced Tuesday, Oct. 29, that it has sold Costa Mesa-based Hurley. The surfwear brand, created by Huntington Beach native Bob Hurley, has been under Nike ownership since 2002.

The announcement stated the company “has reached a definitive agreement to sell the Hurley brand to   …  More

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