Capital/Finances

What Does the Rise of a New Economic Coalition Mean for the World?

In 2001, a bold forecast from economist Jim O’Neill at Goldman Sachs set the stage for a shift in global economic power. He predicted four emerging markets—Brazil, Russia, India, and China—would dominate the world economy by 2050. This prediction materialized in the formation of the BRIC group, which later expanded to BRICS with the inclusion …

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Warning Signs: Proactive Business Strategies for a Tightening Economy

This season’s corporate earnings reports suggest a cooling period is on the horizon. Iconic brands like McDonald’s, Yum Brands, and Starbucks report that consumer wallets are snapping shut, echoing broader economic sentiments. Industrial stalwarts like 3M have noted a softening in discretionary expenditures, while Newell Brands highlights inflationary pressures as a culprit for their cautious …

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How Express is Rewriting Its Future in Retail

Express, alongside its associated brands Bonobos and UpWest, once thrived as a cornerstone of American corporate wardrobe retailing. However, the advent of remote work and a drastic shift in consumer fashion preferences led to a significant downturn in the company’s fortunes. In the wake of changing work cultures, Express confronted stark financial realities, accumulating nearly …

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Important Deadline for PPP and EIDL Borrowers

The U.S. Small Business Administration will begin referring defaulted PPP and COVID-EIDL borrowers with loans under $100,000 to the U.S. Treasury Department and the Internal Revenue Service for collection beginning March 4, 2024. If you have not already applied for loan forgiveness or entered into a payment plan, you must act before March 3, 2024. If …

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The Ultimate Guide to Business Planning: 4 Reasons Why You Need One.

A business plan is a document that describes your business goals, strategies, and financial projections. It is not just a requirement for getting funding or launching a new venture but a valuable tool for managing and growing your business. Here are four reasons why you need a business plan: 1. To plan for viability and …

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Elf on a What? It will never work!

“Elf on a what? It will never work!”As much a part of Christmas today as indulging in Starbucks’ festive holiday drinks, it’s essential to remember that in 2004, “The Elf on the Shelf” faced significant hurdles to publication. The family behind this now-famous holiday phenomenon encountered substantial financial challenges during those early years. They found …

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Transform your Business Vision into a Reality with Slark Consulting Group’s Business Planning Services.

As a small business owner, you know the importance of having a clear and concise business plan to guide your company’s growth and success. Our experienced consultants will work closely with you to develop a customized plan that aligns with your unique business goals and objectives. Six benefits of hiring Slark Consulting Group for your …

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Empowering Your Growth: Slark Consulting Group’s On-Demand Advising Program for Small Businesses

In the dynamic world of small business ownership, having access to expert guidance and strategic insights can make all the difference in achieving your goals. However, the traditional model of hiring a full-time business advisor may only be feasible and cost-effective for some small businesses. This is where Slark Consulting Group’s innovative On-Demand Advising Program …

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Expanding Your Business: 5 Key Factors to Consider Before Adding a Second Location

Expanding your business by opening a second location is a significant milestone that can offer tremendous opportunities for growth and increased revenue. However, it’s a decision that should not be taken lightly. Before you begin this journey, please consider these five essential factors to ensure your successful expansion. 1. Market Research and Demand Analysis One …

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Unleashing Prosperity: Embracing Cluster-Based Economic Development for Our Natural Endowment

Nestled in the heart of our region lies a remarkable natural endowment that has the potential to transform not only our local economy but also the lives of our residents. It’s time we seize the opportunity presented by this abundant resource and embark on a journey of cluster-based economic development. By harnessing the power of …

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