15 Tips To Keep A Growing Business Lean And Save Money

As your business grows, you’ll likely have more capital in rotation. As you bring in more money, you will also need to spend more to continue growing. 

However, it’s important to ensure that you’re not spending in excess and are still saving money where you can. Otherwise, you may find yourself in the red and facing some exceptionally difficult financial decisions.

Below, 15 members of Forbes Coaches Council share their best advice for business owners looking to keep their operations lean and save money.

1. Observe, Plan And Earn Before You Spend

Understand, observe and become fully aware of your industry and the needs of your business. Learning to optimize your costs takes time, errors, small tests and planning based on the data you collect every day. Ask yourself what you

Read More

Read More

World Bank Approves $12B to Finance Virus Vaccines, Care | Business News

The World Bank has approved $12 billion in financing to help developing countries buy and distribute coronavirus vaccines, tests, and treatments, aiming to support the vaccination of up to 1 billion people.

The $12 billion “envelop” is part of a wider World Bank Group package of up to $160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement late Tuesday.

The World Bank said its COVID-19 emergency response programs are already reaching 111 countries.

Citizens in developing countries also need access to safe and effective COVID-19 vaccines, it said.

“We are extending and expanding our fast-track approach to address the COVID emergency so that developing countries have fair and equal access to vaccines,” said the bank’s president, David Malpass, said in the statement.

“Access to safe and effective vaccines and strengthened delivery systems is key to alter the course of the pandemic and help

Read More

Read More

Petros PACE Finance’s Growth Continues with Hiring of Commercial Real Estate Executive Jerry Ellis as Senior Vice President of Business Development

AUSTIN, Texas, Oct. 13, 2020 /PRNewswire/ — Petros PACE Finance, (www.petros-pace.com), the industry leader of Commercial PACE financing, announced today the hiring of Jerry Ellis as Senior Vice President of Business Development based in the New York office, strengthening the business development team as the company continues to grow nationally.

Ellis brings more than 25 years of commercial real estate investing experience to the role. During his career, he has participated in the origination, underwriting and closing of more than $7 billion of U.S. and international transactions.

New York is an increasingly important market for Petros, where we are expanding to meet rapidly growing demand for C-PACE,” said Mansoor Ghori, CEO and Co-founder at Petros PACE Finance. “Jerry is a seasoned veteran with a proven track record of success and we are pleased to welcome him to the team at this critical time as a step

Read More

Read More

Amex’s Business Class LIVE has Free Sessions with Shaq, Venus Williams

Small business owners have to juggle a lot of hats, especially amid coronavirus. To help you navigate these challenging times, American Express is moving its Business Class LIVE: Summit for Success online.

The event takes place next Tuesday, October 20 and has over 35 virtual sessions hosted by a variety of speakers including Shaquille O’Neal and executives from Dell, Amazon, Google, Netflix and more. The events aim to support small business owners through networking, resources and tools. Plus it’s completely free to attend, regardless if you’re an Amex card member or not.

If you’re interested in attending the summit, you must register by October 18.

Here’s what to expect from the ninth-annual Business Class LIVE: Summit for Success, plus how a small business credit card can help you manage business expenses.

Amex Virtual Campus Auditorium at Business Class LIVE: Summit for Success.

American Express

Business Class LIVE: Summit for Success

Read More

Read More

Business Insider’s best investing stories of the week ended October 13

Dear Readers,

If you’ve noticed more pronounced price swings in the market lately, that’s not just your mind playing tricks on you. After years upon years of relaxed trading, stocks have been jolted out of their slumber.

The volatility is a natural byproduct of the COVID-19 pandemic and everything associated with it: a record-shattering economic pullback and sharp recovery, emergency central bank actions, the race for a working vaccine, and assorted political machinations befitting an election year — most notably talks around a new stimulus package.

Complicating matters further is that each of the four factors listed above is capable of moving the market on a given day. That’s why the Investing team at Business Insider has been on the hunt for guidance from the world’s top experts.

If you aren’t yet a subscriber to Insider Investing, you can sign up here.

At the forefront of our research has been

Read More

Read More

U.S. Small Business Confidence at Highest Since February | Investing News

Reuters

FILE PHOTO: A “We’re Hiring” sign advertising jobs is seen at the entrance of a restaurant, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease (COVID-19) outbreak, in Miami, Florida, U.S., May 18, 2020. REUTERS/Marco BelloReuters

(Reuters) – U.S. small business confidence rose last month to its highest since the onset of the coronavirus pandemic earlier this year with more firms experiencing an uptick in foot traffic and sales, according to a monthly survey released on Tuesday.

The National Federation of Independent Business Optimism Index rose 3.8 points to a reading of 104 in September, the highest level since February. After crashing to a seven-year low in April, the index has rebounded sharply as restrictions imposed on businesses and consumers to contain the spread of COVID-19 have continued easing.

Nine of the index’s 10 components showed improvement, led by a 13 point

Read More

Read More

Maersk to Lay off 2,000 in Business Shake-Up, Lifts Outlook on Improving Demand | Investing News

COPENHAGEN (Reuters) – The world’s biggest container shipping line, Maersk

, said on Tuesday demand was recovering faster than expected and lifted its earnings outlook, while also announcing plans to cut 2,000 jobs as it streamlines to cut costs.

Maersk, which handles about one in five containers shipped worldwide, said that though cargo volumes were still down on last year they had picked up more than forecast after falling sharply at the height of the coronavirus pandemic a few months ago.

“A.P. Moller – Maersk is on track to deliver a strong Q3 with solid earnings growth across all our businesses, in particular in Ocean and Logistics & Services,” Chief Executive Soren Skou said in a statement.

“Volumes have rebounded faster than expected, our costs have remained well under control, freight rates have increased due to strong demand,” Skou said.

Volumes in Maersk’s Ocean-division declined by around 3% in the

Read More

Read More

Disney Is Restructuring Its Business Around Streaming

Text size


Alexander Kirch/Dreamstime

Walt

Disney

announced on Monday that it’s restructuring its media and entertainment segments to place a greater emphasis on its growing streaming business. The company is in the midst of a transformation from a television and movie theater-driven distribution model to a direct-to-consumer business that would rival

Netflix.

Disney stock (ticker: DIS) was up 5.5% in after-hours trading on Monday.

Disney is creating a new unit that will be focused on commercialization and distribution of its movies, TV shows, and sports content: the Media and Entertainment Distribution group. Meanwhile the company’s studios will continue to churn out content, without a bias toward any one form of distribution.

Essentially, rather than making TV content, movie theater content, and streaming service content, Disney’s creators will just make shows and films, with a separate team deciding how to monetize them. The new distribution group will be led by

Read More

Read More

Bombardier: Corporate Jet Business Is Unlikely To Drive Growth (OTCMKTS:BDRAF)

Bombardier (OTCQX:BDRAF)(OTCQX:BDRBF)(OTC:BOMBF) continues to be in a fragile state. While the company will be able to deleverage its balance sheet by selling its rail transportation unit to Alstom for $8.4 billion next year and become solely a corporate jet manufacturer, we believe that its future still looks bleak. As the founding family continues to have the majority of the voting power in the company, there’s no guarantee that it will not fail to create value this time, considering that, under its leadership, Bombardier suffered immense losses by developing and later selling at a loss its own civil aviation project to Airbus (OTCPK:EADSF). In addition, by operating in a small and saturated business jet market, it will be hard for Bombardier to drive growth in the following years. For that reason, we continue to believe that there’s no value left in Bombardier stock and the opportunity cost of holding its shares

Read More

Read More

Trump’s children brought Secret Service money to the family business with their visits, records show

On trips like these, Secret Service agents were there to protect Trump’s children. But, for the Trump family business, their visits also brought a hidden side benefit.

That’s because when Trump’s adult children visited Trump properties, Trump’s company charged the Secret Service for agents to come along. The president’s company billed the U.S. government hundreds, or thousands, of dollars for rooms agents used on each trip, as the agency sometimes booked multiple rooms or a multiroom rental cottage on the property

In this way, Trump’s adult children and their families have caused the U.S. government to spend at least $238,000 at Trump properties so far, according to Secret Service records obtained by The Washington Post.

Government ethics experts say that nothing is wrong with Trump’s children seeking protection from the Secret Service.

But, they said, the Trump Organization’s decision to charge for the agents’ rooms created a situation in which

Read More

Read More

1 2 3 16