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

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3 promising industries for starting a business during the pandemic

Entrepreneurs have seized the opportunity to start new companies in a wide variety of industries during the COVID-19 pandemic. While not all of these ventures will be successful, businesses that help alleviate some of the new challenges created by the pandemic are poised for long-term growth. Here are three industries that hold promising opportunities for entrepreneurs looking to start new businesses. 

1. Contactless tech

One of the most significant business opportunities is directly related to one of the most widespread problems of the COVID-19 era: the risk of virus transmission in shared spaces such as retail stores. Many grocery stores and other businesses had already upgraded their point-of-sale systems to allow customers to pay using a smartphone or contactless card before the pandemic. And there’s been more interest this year in “cashierless” systems like those used at Amazon Go stores, says Laura Kennedy, senior lead retail analyst at research firm

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driving religious religious out of business

Tim Busch, Opinion contributor
Published 6:00 a.m. CT Oct. 11, 2020

Woke capitalism is forcing business owners to choose ideological sides or get out of business.

When I started my first business 40 years ago, I had to ask myself a lot of questions. Where should I get office space? What is my revenue model? How could I expand? And many others. But there’s one question I’d have to ask now that I didn’t have to ask then: Do I need to abandon my faith?

The rise of so-called “woke capitalism” has put religious belief on a collision course with entrepreneurship and economic participation. Where once business was about innovating and improving lives, now companies are being pressured by political leaders and activists to toe a variety of ideological lines.

Woke capitalism threatens religious freedom

The ever-shifting list of demands ranges from supporting slavery reparations to opposing the police, from

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Anti-California dream creates booming business opportunities

In recent years, the number of Californians leaving the Golden State has exceeded the number of new residents moving in, and the mass exodus has created business opportunities for companies offering to help disillusioned residents settle elsewhere in the United States.

Two of those companies are LeavingTheBayArea.com and LeavingSoCal.com, started by Scott Fuller, a real estate broker now residing in Arizona. Fuller told Fox Business that he got the ideas for these companies by working with a lot of clients who were “getting fed up and tired of what’s happening in California.”

A for sale sign stands in front of a house, Tuesday, Oct. 6, 2020, in Westwood, Mass.  (AP)

He said he started the companies to provide services to people who were “looking to relocate but were overwhelmed with the task, weren’t sure

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How The Pandemic Offers An Opportunity To Use Digital Tools To Drive Business Improvement

Tom Niehaus is Executive Vice President, North America, at CTG.

Former British Prime Minister Winston Churchill is often credited for saying, “Never let a good crisis go to waste.”

The Covid-19 pandemic undoubtedly qualifies. Over the past few months, many organizations have had to go into extreme lockdown mode, at least temporarily, and adjust the way they work as they scramble to remain viable.

The temptation in a situation like this is to hunker down until the crisis passes and life goes back to “normal.” Yet, times like these also present an opportunity for leaders with vision to seize the high ground. Because when things are already rough, it is often easier to make changes to processes and digital technologies that would meet strong resistance in better times. 

We already see this occurring in some areas. For example, many organizations that are dependent on direct interaction with consumers,

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Decking Market 2020-2024: COVID-19 Business Continuity Plan | Evolving Opportunities With Advantage Trim & Lumber Co. and Beologic

The global decking market is expected to grow by USD 4.89 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 6%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201006005811/en/

Technavio has announced its latest market research report titled Global Decking Market 2020-2024 (Graphic: Business Wire).

Request challenges and opportunities that influence COVID-19 pandemic – Request Free Sample Report on COVID-19 Impacts

Read the 120-page report with TOC on “Decking Market Analysis Report by Product (Composite, Wood, Plastic, and Aluminum), Geography (North America, Europe, APAC, South America, and MEA), Application (Residential and Non-residential), and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/decking-market-industry-analysis

The market is driven

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How To Connect The Dots Of Enterprise Data To Reach Your Business Potential

Daniel Fallmann is Founder and CEO of Mindbreeze, a leader in enterprise search, applied artificial intelligence and knowledge management.

CEOs and line-of-business leaders are smart people. But they don’t know what their enterprise knows. As a result, their organizations miss out on a multitude of valuable opportunities.

Organizations possess a wealth of data. However, the data is all over the place, held in siloed systems and various formats. There’s no way to make sense of it. This makes it extremely difficult for business professionals to find the information they need. Research on the state of enterprise search in Scandinavia last year revealed that more than a fourth of workers find it somewhat or very challenging to get the information they need to get the job done. That’s a drain on productivity, and it takes focus away from innovation.

But the problem that organizations face is far bigger than

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Business leaders say global economy faces worst crisis in a century

  • Business leaders from the engagement group Business Twenty (B20) have called for urgent reforms to be made if the global economy is to recover from its worst crisis in a century due to the coronavirus pandemic.
  • “The global economy is in its worst state in a century,” warned Yousef Al-Benyan, chairman of the B20. 
  • B20 proposed 25 recommendations for the G-20 group that fall into three key areas, including empowering people, safeguarding the planet and shaping new frontiers.
  • Visit Business Insider’s homepage for more stories.

Top business leaders around the world say the global economy is experiencing its worst crisis in one hundred years and have called for urgent reforms to be implemented in the G-20 summit hosted by Saudi Arabia in November.

The Business Twenty (B20), an engagement group of high-level CEOs worldwide seeking to represent the business community, put forward 25 policy recommendations on Monday for the meeting

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EVPL’s Business Central has resources for job seekers, employees and small business owners

The Evansville Vanderburgh Public Library has established Business Central. EVPL’s Business Central is a hub, both digital and physical, of resources for those looking to further their career, improve skills, start a new business and more.



a group of people standing in front of a building: Community members use the computer lab set up in the Browning Room at Evansville’s Central library Thursday afternoon, Sept. 10, 2020. The computer lab is open to the public from 11 am -3 pm, Monday- Saturday.


© MaCabe Brown / Courier & Press
Community members use the computer lab set up in the Browning Room at Evansville’s Central library Thursday afternoon, Sept. 10, 2020. The computer lab is open to the public from 11 am -3 pm, Monday- Saturday.

“EVPL’s Business Central is ready to assist you with your career or your business,” EVPL CEO-Director Scott Kinney said. “We have the tools and resources available to help everyone from those beginning their career to veteran business owners.”

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Knowledgeable staff can help guide library users through available resources to build a resume, practice interview skills and get assistance with job searching. To navigate how to start a small business,

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Michael Jordan’s New NASCAR Venture Is Another Slam-Dunk Business Move

For most people, being a billionaire, Hall of Famer, greatest-of-all-time player, NBA franchise owner, brand owner and sometime actor would be enough to fill up a day. Not for Michael Jordan.



Michael Jordan standing posing for the camera


© Pool | Getty Images


Last Monday, news broke that MJ teamed up with NASCAR stars Denny Hamlin and Bubba Wallace to form a new NASCAR team. It’s not a headline you might expect. But in 2020, it actually fits perfectly. 

“Historically, NASCAR has struggled with diversity, and there have been few Black owners…the timing seemed perfect,” Jordan said in a press release announcing the partnership. With the news, he will become the first Black principal owner of a NASCAR squad since Wendell Scott in the early ‘70s. 

Jordan — worth $2.1 billion according to Forbes — has enough money to last a lifetime. Yet, his willingness to forge ahead for new audiences is striking. Perhaps because to him,

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