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 can change or improve in your current cost structure. – Michelle de Matheu, The Mind, Body & Soul Stylist

2. Say ‘No’ More Than You Say ‘Yes’

In a growing company, it is easy to say “yes” to a new product or service, to a client that does not fit your ideal client profile or to a new business category or opportunity. If you want to stay lean, say “no” to anything that is not part of your core. Focus is powerful and leads to extraordinary results. – Chuck Gulledge, Chuck Gulledge Advisors

3. Use A Variable Staffing Model

Staff your business for the valleys and supplement with contractors for the peaks. Too often startups take their funding or early revenue and hire staff too quickly. It’s smart to use a variable staffing model to cover services effectively and find that quality mix of people on staff, on contract or

Co-Founder & Co-CEO at Drip Capital, defining the strategic vision and overseeing product, business development and global operations.

International trade has increasingly become a key force behind global GDP growth. With steady increases in transaction size as well as payment periods, a lot of this trade has become reliant on trade finance facilitation by lenders. In fact, up to 80% of international trade requires some kind of financing.

Since the earliest days of commerce, trade has primarily been financed by institutions and individuals with deep pockets. These financial institutions have been focused heavily on financing large businesses and trading companies that have a reasonable assurance of success.

As a result, small and medium-sized businesses (SMBs) have been left out of the trade finance circuit, despite contributing significantly to global trade. The Asian Development Bank estimated that nearly 45% of SMB trade finance applications are rejected by banks and traditional lenders.

However, a new class of financier has stepped up to the plate in recent years, in the form of alternative finance providers. Data-driven and agile, these fintech firms (to include our own) are pushing to close the gap, relying on technology to break the barriers faced by traditional lenders in servicing SMBs. The success of these newer players in originating high volumes and strong credit quality — key requirements for institutional investors —has resulted in the resurgence of a particular investment asset: trade finance receivables.

The Return Of The Trade Receivable

In a cross-border transaction, there are two parties: an exporter and an importer (i.e., a buyer). A third party (a financier) is introduced when one party needs advance payments. When an exporter generates an invoice against an order from a buyer, with the expectation the buyer will pay that invoice, that invoice is a trade receivable. The

Despite the pandemic affecting businesses across Houston and the country, Springwoods Village has managed to withstand the economic downturn and continue expanding their development, both commercial and residential.

Warren Wilson, executive vice president of CDC Houston, the developer of Springwoods Village, said business has still been going quite well at the development, with many more projects still planned for this year and the next.

“The pandemic has hit everyone, some people it’s hit with the tragedy of them passing away and others have lost their jobs,” Wilson said. “Some businesses have done well as consumer habits have changed, but we’ve just been fortunate to have ongoing activity and a lot of ongoing interest.”

Projects are still being worked on, including the 440,000-square-foot Hewlett Packard Enterprise campus, which is scheduled to be completed by the end of the year, Wilson said. Another apartment complex, The Canopy, is also scheduled to open by the end of the year, with 332 units and townhomes.


Interest has remained high in the development, Wilson said, and their new business pipeline has remained full. Wilson attributed this to the Springwoods Village’s proximity to Grand Parkway, I-45 and Hardy Toll Road.

Two residential communities are also in the development, and Wilson said there would be more units built along with more acres needing to be developed.

“We don’t have a great deal of residential offerings, but I think the inquiries have picked up,” he said. “Nationally, inquiries of people looking for suburban-type homes seem to have picked up.”

Commercial inquiries are still strong as well, as Wilson said they are looking at two major prospects trying to pursue for relocations to Springwoods Village but have not

Last December, fellow Dividend Kings founder Dividend Sensei wrote an article on Innovative Industrial Properties (IIPR). In it, he explained that it’s likely to be the fastest-growing real estate investment trust (REIT) of 2020.

Sure enough, IIPR has returned 100.4% so far in 2020:

(Source: FAST Graphs)

Think about it folks…

IIPR has returned more than 100% in the midst of a global pandemic, and we’re still buying! I know that sounds crazy, but the growth opportunities in legal cannabis – what its tenants operate in – is enormous.

In 2017 alone, U.S. sales were $8.6 billion, with $5.9 billion being of the medical variety. And ArcView Market Research estimates that, by 2022, it will be a $22 billion industry.

Many investors today focus on cannabis growers themselves. But that isn’t likely the best way to profit from this hyper-growth industry. The “weed” in question is a commodity product with unproven branding power that may end up being no more profitable than corn.

(Source)

With that said, spending by state-licensed cannabis operators is growing, creating a unique opportunity for a REIT like IIPR. Since roaring out of the gate in late 2016, it appears to have cracked the code on legally minting money from marijuana.

This triple net lease/industrial REIT has delivered some of the best total returns of any stock in America in the past four years. Shares are now trading at $124.79, drawing ever closer to their all-time high of $130.16 from July 1, 2019.

(Source: Yahoo Finance)

A Closer Look…

Innovative Industrial Properties is the NYSE’s first and only to provide real estate capital to the medical-use cannabis industry. As viewed below, it holds 61 properties amounting to 4.5 million square feet in 16 states.

Better yet, its portfolio is 99.2% leased with a weighted average lease

Green bonds — debt taken on to finance projects with environmental benefits — hit a record last month with $50 billion issued, as more and more companies and governments turn to the instruments.

Adidas, French electricity firm EDF and telecoms firm Orange, along with the nations of Germany, Egypt and Sweden all issued green bonds in September, helping the volume jump by five times from August.

The value of green bonds issued so far this year climbed to more than $176 billion, a 26-percent increase from the same period in 2019.

The total includes instruments that meet the principles set out by the International Capital Market Association, the professional association that unites the global bond market and information compiled by Bloomberg.

The ICMA defines green bonds as those which finance renewable energy, energy efficiency, biodiversity, pollution reduction and other similar projects.

But as ECB executive board member Isabel Schnabel recently pointed out, green bonds remain a small fraction of the overall debt market, accounting for just five percent last year.

The September boom in green bonds is due in part to the fact that many operations were postponed earlier in the year due to the coronavirus pandemic. The volume of green bonds issued in the first half of 2020 dipped compared to the same period in 2019.

“This month, the volume of corporate green debt was more important than the volume of state green debt,” said Jovita Razauskaite, an expert on green bonds at asset manager NN Investment Partners.

The arrival of a major sovereign emitter has energised the market, with Germany making its first issue. The placement of 6.5 billion euros in September is to be followed by another of 5.0 billion before the end of the year.

“We expect a more diversified issuer base,” said Razauskaite.

“In particular,