"You have to make a lot of bets, because if you make two or three bets you're going to likely lose. You have to have 10 or 20 bets to be sure to have a mix of potential big winners." - Jim McCann
Takeaways
- Jim McCann's entrepreneurial journey began with 1-800-Flowers in 1976.
- Investing in alternative assets requires a diversified approach.
- Market predictions should be approached with caution and patience.
- AI and robotics are transforming industries and business operations.
- Building relationships is key to success in business.
- Curiosity drives continuous learning and exploration.
Jim McCann is an entrepreneur, author, and philanthropist, renowned for transforming a single flower shop into the billion-dollar omni-channel retailer, 1-800-FLOWERS.COM. His entrepreneurial journey began with a deep belief in the importance of social connections, which inspired him to create a company dedicated to helping people build meaningful relationships.
The company’s portfolio includes well-known brands such as Harry & David®, PersonalizationMall.com®, Cheryl’s Cookies®, The Popcorn Factory®, Things Remembered®, and SmartGift Inc., along with its newest additions, Card Isle®, an innovative greeting card company, and Scharffen Berger®, a premium chocolate company.
Jim is also dedicated to philanthropy, with a particular focus on supporting individuals with developmental disabilities. He founded Smile Farms, Inc. a not-for-profit organization in 2015 that provides meaningful work opportunities for people with disabilities.
In addition to his role as Founder and Chairman of 1-800-FLOWERS.COM, Inc., Jim serves as Chairman of Worth Media Group. He also holds various other positions, including Vice-Chairman and Lead Independent Director for International Game Technology PLC, and serves on several private and not-for-profit boards.
