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Yahoo
25 minutes ago
- Yahoo
Aussie mum turns dirty laundry from side hustle to $8 million business
After weeks of rain that little pile of laundry quickly turns into a mountain and the idea of spending a weekend washing, drying and folding, leaves most people praying for a laundry fairy. It was the same in Susan Toft's household. But, when thinking about the laundry problem from a different angle, Toft wondered if she could be the solution. It was 2012 and, on maternity leave from a job in international marketing, the Sunshine Coast mum decided to try it out. Today, she is the CEO of a company that netted $8.6 million and has plans for expanding globally. 'I became the original laundry lady,' the 46-year-old told Yahoo Finance. RELATED ANZ hikes home loan interest rates in 'surprise' move ahead of RBA cash rate meeting $65,000 property warning as Aussies set to flood market Centrelink update on little-known support for Aussies in crisis 'I created a website and had a mobile number and I picked up washing in my local area and brought it home to my own machine. "I did a bit of Google AdWords and back then it was only about 20 cents a click.' The grand plan did not involve Toft washing other people's clothes forever though. She wanted to scale the business and employ contractors all over Australia. 'I never had the time or resources and it wasn't until 2016 that I got a $5,000 grant which allowed me to build an online booking platform and get my first ten contractors in South East Queensland,' she said. 'The model works that I paid them a percentage of the services they do.' Aussie mum's bumpy road to success As with many small businesses the path to success does not run smoothly and a divorce and relocation left Toft reeling. Financially she had to go back to her corporate life and The Laundry Lady, as she'd called it, became a side hustle. 'It was a tough few years and I didn't know how I'd be able to come back to it but then in 2020 Covid saw an end to my job in events and it was now or never,' Toft said. Suddenly there was a huge residential need. People were at home but had no time for laundry and the business did what Susan had always hoped. It took off. New laundry ladies and lads came on board in Melbourne and later all over the country and Toft was able to focus on managing the business rather than washing socks. $300 to $3,000 pay days for 'flexible' work Toft said her original investment in the booking platform and early focus on her systems really paid off as there was nothing else like it. This allowed the business to grow without teething problems. 'We had steady but fast growth over five years to 350 laundry ladies and lads across every state," she said. "And 45 per cent of those are in regional areas – everyone has laundry. 'People love the flexibility the business offers." Toft said 90 per cent are women however "many work with their husbands". "They can consistently earn between $300 and $3,000 a week.' She provides them with a starter kit including flyers and magnets for any local marketing. But head office does all the digital and event marketing. It's a model that's working so well Susan has already expanded into New Zealand and is heading into Canada and the UK in the next 12 months. In the last financial year The Laundry Lady saw a revenue of $8.6 million and she has lots of plans for future growth. 'Given how I used to help businesses grow internationally this is a real full circle moment for me,' Toft said. 'I never thought I'd be in laundry but I always had the desire in me to start a business and grow it.'
Yahoo
40 minutes ago
- Yahoo
3 AI chip stocks that are best positioned right now
With chipmaker stocks in focus on recent news like Trump's Nvidia deal and Intel CEO Lip-Bu Tan's White House meeting, KeyBanc Capital Markets equity research analyst John Vinh shares his top AI chip plays for the near term. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime. Well, chips are in focus after a strong year for AI driven demand with investors now looking ahead to earnings from Nvidia and watching Intel as it works to regain its competitive footing. Joining us now is John Vinh, Equity Research Analyst at KeyBanc Capital Markets. John, thanks for being here. As we know, the AI story is still front and center, but taking a step back, how should investors be positioning for it right now? And is upside still mostly in the Mac 7 or are you seeing pockets of opportunity elsewhere? Yeah, I cover the semiconductor industry and I I think the three names right now in the near to medium term that are best positioned for AI demand is going to be um Nvidia, Broadcom, and AMD. You know, Nvidia, obviously, kind of the bellwether. They've got a clear lead on the space. No one's even close to them. They just dominate the space. They're ramping kind of their new server rack platform called GB200, also called Blackwell. They're also on the verge of also ramping Blackwell through the back half and that's only going to further extend their lead. Uh if I think about Broadcom, they are kind of your play on custom AI silicon. More and more hyperscalers, like Google uh with their TPU franchise, uh that's going to be kind of the key tailwind for them into the back half of the year. And then AMD is kind of your up and comer, right? They they started at a really small market share position. They're launching their latest AI GPU, the MI355. That's going to drive significant upward estimate revisions in the second half and drive outside growth for them. So those are my three favorite plays right now uh heading into earnings.
Yahoo
an hour ago
- Yahoo
Baird Raises PT on Intuitive Surgical (ISRG) to $600 From $590, Keeps an Overweight Rating
Intuitive Surgical, Inc. (NASDAQ:ISRG) is one of the best stocks to invest in for beginners. On July 24, Baird raised the firm's price target on Intuitive Surgical, Inc. (NASDAQ:ISRG) to $600 from $590, keeping an Outperform rating on the shares. A medical team performing minimally invasive surgery with a da Vinci Surgical System. The firm told investors that the limited share rally after earnings took it by surprise, reasoning that Intuitive Surgical, Inc. (NASDAQ:ISRG) reported its highest operating margin in the last 15 quarters. In addition, its Q2 results showed 'stellar' revenue and earnings growth. It added that Intuitive Surgical, Inc.'s (NASDAQ:ISRG) key performance indicators 'continue to fire on all cylinders,' which is why the firm remains a buyer of the stock. Intuitive Surgical, Inc. (NASDAQ:ISRG) has an elaborate ecosystem of services and products that provide robotic-assisted surgical solutions and invasive care. Its products include the Ion Endoluminal and the Da Vinci Surgical systems. While we acknowledge the potential of ISRG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
