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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Find Opportunities on the Other Side of the Horizon: 4 Expert Tips to Internationalize Your New Business


Internationalization is an ambitious but attainable step in any startup’s lifecycle. Once considered to be at the tail-end of a business journey, companies nowadays have the luxury of being able to internationalize relatively soon after they launch. The internet has been the biggest accelerator of startups establishing an overseas presence faster, while the recent COVID-19 crisis has proven that there is even greater scope for small ventures to successfully branch into new markets.


According to a survey from Wells Fargo, 87 percent of US companies are optimistic about expanding internationally for long-term growth. However, having the tools to expand, and knowing how to do it properly—without falling into legal trouble, failing to understand consumer culture

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4 Expert Tips to Internationalize Your New Business

Internationalization is an ambitious but attainable step in any startup’s lifecycle. Once considered to be at the tail-end of a business journey, companies nowadays have the luxury of being able to internationalize relatively soon after they launch. The internet has been the biggest accelerator of startups establishing an overseas presence faster, while the recent COVID-19 crisis has proven that there is even greater scope for small ventures to successfully branch into new markets.





© Andrew Brookes | Getty Images


According to a survey from Wells Fargo, 87 percent of US companies are optimistic about expanding internationally for long-term growth. However, having the tools to expand, and knowing how to do it properly—without falling into legal trouble, failing to understand consumer culture or ignoring technological differences—are two separate things. If you rush into foreign waters unprepared and insensitively, you could jeopardize your existing success and reputation. 

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Here’s how to

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Five Insurance Tips To Make Sure Your Business Is Prepared

Founder and CEO of ValChoice, bringing transparency to insurance. 

With storms off the Gulf Coast, wildfires sparking in the West and floods and tornadoes in the central states, it’s always important to be prepared for what’s ahead. September marks National Preparedness Month (NPM), and the 2020 theme is “Disasters Don’t Wait. Make a Plan Today.” With the pandemic still impacting our daily lives, the NPM theme offers words to live by.

For business owners, the following are actions to take during NPM to make sure you and your business are prepared.

1. Review Your Insurance Company

Businesses and consumers alike outgrow insurance companies. Companies that sell on price may be a good fit for a 19-year-old driver or a startup business. However, as income and assets grow, your exposure increases.

What many consumers and business owners don’t realize is the price leader you originally chose as an insurer

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Tips from Germany’s social market economy model



a vintage photo of a city


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Perhaps South Africa’s approximation of Germany’s celebrated social market economy – which guided it to such enormous economic and social success after the war – could be the neglected 2013 National Development Plan dusted off, updated, refreshed and actually implemented.

From the ashes and rubble of war, West Germany constructed Europe’s strongest economy – and one of the best in the world – from the blueprint of the “social market economy”.

Just across the Berlin Wall, East Germany tried to rebuild its part of the country with a socialist, totalitarian state which controlled the entire economy and the politics.

West Germany’s formula – a social compact between the left and the right, between labour and business, between free marketeers and socialists demanding a strong state to administer social justice – has been widely credited with steering first West Germany and then,

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Quarantine tips from the gang

'Money Heist' season 4 couldn’t have come at a better time. Listen closely to your favorite thieves, they have some advice for you to survive quarantine.

Money Heist part 4 couldn’t have come at a better time. With a large portion of its fans stuck at home either off work or working from their couch, everyone needs something to stay entertained. We’d say finally getting answers to part 3’s twisty finale is entertainment to the max. 

Not that you should’ve been going outside to begin with, but hopefully binging Money Heist is the motivation you need to plop on the couch and not move. While watching Money Heist season 4, listen closely to your favorite thieves, because they might even have some advice for you to survive quarantine.

“After all, what’s more human than the fight for survival?”
—Tokyo (Ursula Corbero)

Remember that you staying home is one more person out of the virus’ way. 

“For a joke to work, it has to have part of truth and part of pain.”
—Berlin (Pedro Alonso)

Humor often

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4 Tips for Negotiating a Personal Guarantee


min read


How to Negotiate a Personal Guarantee

If you get a loan from a bank or private lender for your business, you will probably be asked to sign a personal guarantee that puts your own assets — such as real estate, savings, or other valuables — on the line should your business be unable to pay the bank back. Many business owners are so relieved to get the loan that they don’t read the fine print that puts them at risk. You should. And, you should attempt to negotiate.

To be sure, not every entrepreneur will be successful in negotiating the terms of the personal guarantee, especially if you’re just starting a business. “Those that will be most successful will be those who have three to five years experience and have survived this most recent [credit] crisis,” says Jim Coughlin, the chief underwriting officer for Asterisk Financial, a personal guarantee insurance company

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Indian Stocks NSE BSE Free Intraday Daytrading BTST Swing Trading Investing Tips

Hot Stocks from Tipz.in for 1st Apr 2020
Reliance Industries Limited (RELIANCE), Bharat Petroleum Corporation Limited (BPCL), Escorts Limited (ESCORTS), Piramal Enterprises Limited (PEL), Marico Limited (MARICO), Asian Paints Limited (ASIANPAINT), Container Corporation Of India Limited (CONCOR), Apollo Hospitals Enterprise Limited (APOLLOHOSP), Amara Raja Batteries Limited (AMARAJABAT), Multi Commodity Exchange Of India Limited (MCX), Icici Lombard Gic Limited (ICICIGI), Acc Limited (ACC), D eepak Nitrite Limited (DEEPAKNTR), Crompt Grea Con Elec Ltd (CROMPTON), Pidilite Industries Limited (PIDILITIND), Divis Laboratories Limited (DIVISLAB), IPCA Laboratories Limited (IPCALAB), The Ramco Cements Limited (RAMCOCEM), Trent Limited (TRENT), Avanti Feeds Limited (AVANTIFEED), Central Depository Services (india) Limited (CDSL), Pi Industries Limited (PIIND
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Teaching Kids About Money: Activities, Tips, and Children’s Allowances

  • Money and Kids

    Your Child, Your Money, and Online Auctions

    Your Child, Your Money, and Online AuctionsTo Bid or Not to Bid?The toy section of eBay reads like a Christmas list, and for consumers of all ages, this is an irresistible way to make a purchase: Place a bid, then bid higher, then hope against ho…

    Katy Abel

  • Allowance

    Allowance and Your Preschooler

    Allowance and Your Preschooler Before the age of four or five, most children have little concept of money and its function. Older preschoolers begin to understand its usefulness—and may want some of their own. Giving your four-year-old a smal…

  • Addition and Subtraction Printables

    Play Money

    Print this play money to help kids learn to count and manage dollars and cents! Cut out the realistic bills and coins for hours of math-related fun.

  • Money and Kids

    Providing Financial Help to Your Independent Child

    Providing Financial Help to

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    Money Order Basics: Tips for Payments

    Whether you’re buying or selling something, a money order might be your best option (or your only option) for payment. It’s considered a “safe” form of payment, making it a popular alternative to checks. But it’s important to understand the basic pros and cons of using money orders—and when other payment methods are a better choice.

    What Is a Money Order?

    A money order is a paper document, similar to a check, used for making payments. Money orders are prepaid, so they are only issued after a buyer pays for the money order with cash or another form of guaranteed funds.

    Guaranteed Funds

    Because issuers demand payment upfront, money orders are considered relatively safe, or “guaranteed,” forms of payment. They shouldn’t bounce—as personal checks might.

    Specific Payee

    The name of a payee (the recipient) and the name of a financial institution that issued it appear on

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