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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US, China, India, Europe can’t save global economy from recession

  • During the financial crisis, two countries kept the global economy from cratering even further than it did — China and India. 
  • Unfortunately this time around — in the economic crisis caused by the corornavirus pandemic — no country is coming to save us.
  • India has been on lockdown for months, and China is still feeling the debt hangover from the credit binge it went on to skip the financial crisis.
  • This gives us all the more reason for Washington to pass another coronavirus aid bill as soon as possible.
  • This is an opinion column. The thoughts expressed are those of the author. 
  • Visit Business Insider’s homepage for more stories.

The coronavirus depression will be much worse than the last worldwide recession, because this time no country is strong enough to rescue the global economy.

The story of the Great Recession goes like this: the US and Europe were crippled while 

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