By Rieva Lesonsky The future looks bright for small businesses, but 2023 will have challenges in store, too. getty Many small business owners expected 2022 to be a year of recovery after two years of struggling to survive a global pandemic. But inflation, fears of a recession, a still unreliable supply chain, and a nation at nearly full employment resulting in a tight job market all loomed large, dampening many of our goals. As we enter 2023, the outlook seems somewhat brighter for small business owners. I talked to several small business experts to get their advice, insights, and predictions for small businesses in the new year. Small business outlook for 2023 Impact of a recession on SMBs " Nobody knows whether a recession will occur, but it’s certainly fair to say that small businesses are dealing with several economic obstacles right now. Fortunately, small businesses are resilient. Even if a recession does develop, our 2022 Small Business Now report shows that 90% are confident that they will still be in business a year from now. We also often see lots of small businesses get started during recessions. "However, some sectors would likely be impacted more than others. The […]
Business is trusted most in a polarized world, report says
Signs display the prices of products in U.S. dollars outside a grocery store in Caracas, Venezuela, last year. The Edelman Trust Barometer survey shows that fewer people believe their family will be better off in five years. People worldwide are more gloomy about their economic prospects than ever before and trust business far more than other institutions like governments, nonprofits and the media in an increasingly divided world , according to a survey from public relations firm Edelman. Released late Sunday to coincide with the World Economic Forum’s gathering of business elites and government leaders this week in Davos, Switzerland, the online survey conducted in 28 countries shows that fewer people believe their family will be better off in five years. Those who believe they’ll be better off dropped to 40% from 50% last year and hit all-time lows in 24 nations. That is because 89% fear losing their job, 74% worry about inflation , 76% are concerned about climate change and 72% worry about nuclear war. The Edelman Trust Barometer also says 62% of respondents see business as both competent and ethical, compared with 59% for nongovernmental agencies, 51% for governments and 50% for the media. That was […]
Smart Talk: 17,200-16,800 good buy opportunity in Nifty, says Kapil Shah, Emkay Global
From the past 4 weeks, the index has been trading in the range of 17770 to 18200. The underlying tone of the market is sideways to negative as the index had formed a bearish engulfing pattern on the monthly chart which is a bearish reversal sign. On the lower side, the index has strong support at 17800 level as it is neckline of Inverted head and shoulder pattern and 100 EMA support on daily chart. With the Nifty trading in the range of 17,770 to 18,200 for the last four weeks, any downward reaction around 17,200 to 16,800 can be considered a good buy opportunity, says Kapil Shah, Technical Analyst at Emkay Global Financial Services. “Moving above 17,400 level, buyers will regain their strength,” he says. Edited excerpts from an interview: Nifty showed support at 17,600 level during the week but faced resistance above the 18,100 zone. Do you expect the coming week to be a sideways market? From the past 4 weeks, the index has been trading in the range of 17770 to 18200. The underlying tone of the market is sideways to negative as the index had formed a bearish engulfing pattern on the monthly chart which […]
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Is There An Opportunity With Andritz AG’s (VIE:ANDR) 33% Undervaluation?
Source: Shutterstock Key Insights Andritz’s estimated fair value is €81.2 based on 2 Stage Free Cash Flow to Equity Current share price of €54.6 suggests Andritz is 33% undervalued How far off is Andritz AG ( VIE:ANDR ) from its intrinsic value? Using the most recent financial data, we’ll take a look at whether the stock is fairly priced by taking the forecast future cash flows of the company and discounting them back to today’s value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. It may sound complicated, but actually it is quite simple! Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . The Method We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second ‘steady growth’ period. To begin with, we have to get estimates of […]
Bellevue College’s Study Abroad Opportunity in London this Coming Summer
Photo by Marcin Nowak on Unsplash For this coming summer, Bellevue College students have the opportunity to join Professor Leena Shah on her Comparative Politics in London Study Abroad Program. Attendees will spend four weeks in the capital city as they study the differences between the U.S. and U.K. political systems. “This program is a great opportunity for our Bellevue College students to immerse themselves in a different culture and learn in the locale rather than in a classroom situation,” Shah shared. “It will give the students a better understanding and appreciation of another country and its people, history and culture. It gives them the opportunity to explore not only academically but also learn about a new system, a new way of life that classes here would never accomplish.” Though the program and its scheduled field trips will stay within the United Kingdom, “students will have the weekends available to travel on their own.” According to Shah, past students have ventured to countries like France and Wales. Shah led this program for Bellevue College back in 2019 and was a part of the program through Washington State Community College Consortium for Study Abroad (WCCCSA) in 2016. When asked why […]
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Opportunity for the Indian API industry in the coming decade
Salim Shaikh and Akash Puranik Salim Shaikh is executive chairman & founder of Symbio Generrics & Akash Puranik is promoter, MD & CEO of Symbio The Indian pharma industry is a sunrise industry in the Indian economy. The Indian pharmaceutical market is expected to reach $39 billion by end of 2022 as reported by prominent industry sources. However, the projections for the next 6 years are noteworthy; while the global generic API markets are projected to grow at around 6%, the Indian market is expected to have a CAGR of 13.7% in the first 4 years itself. There has been a US$ 4-5 billion investment in the API space in India over the last couple of years. The last quarter has seen many investments from top venture capital organisations. India’s emergence as the alternate source of bulk drugs has been quite dramatic. Ironically, the growth of India as a reliable source for Active Pharmaceutical Ingredients (APIs) was fanned by the two serious virus outbreaks, first the SARS Virus back in 2003-2004 and the second was COVID in 2020. At both these points, China was the only dominant supplier of bulk drugs (APIs) while India was the primary source of […]
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Ellen Weaver: This can be the year of opportunity for SC students
S.C. Education Superintendent Ellen Weaver As I begin my tenure as South Carolina’s state superintendent of education, I am excited for the journey ahead and honored by the trust that has been placed in me by the people of this state. With the turning of each new year, we have the chance to renew our shared commitment to our students and their future, ensuring that every child in our state has the opportunity to get a great education. We face tremendous educational challenges, with nearly two-thirds of our children below grade level in the foundational skills of reading and math. We face a shortage of teachers, as fewer young people pursue the profession and current teachers battle red tape, rising costs of living and deteriorating discipline in the classroom. We face an erosion of trust and a system too often designed for the needs of the last century. But South Carolinians have proven time and again that our moments of greatest challenge are our moments of shining opportunity. I’m more convinced than ever that now is the moment for all South Carolinians to answer the call to unite around our students. Our future is sitting in today’s classrooms, and […]
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Is There An Opportunity With Myers Industries, Inc.’s (NYSE:MYE) 47% Undervaluation?
In this article we are going to estimate the intrinsic value of Myers Industries, Inc. ( NYSE:MYE ) by taking the expected future cash flows and discounting them to their present value. This will be done using the Discounted Cash Flow (DCF) model. Before you think you won’t be able to understand it, just read on! It’s actually much less complex than you’d imagine. We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model . Crunching The Numbers We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second ‘steady growth’ period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from […]
Put all of National Grid under state control, net zero campaigners urge
National Grid has a 19% operating margin on its electricity business, allowing the board to fund an average £1bn a year in dividends. National Grid , which maintains the backbone of Britain’s electricity network, should be taken under government control to ensure the rapid transition to net zero, campaigners said, after a report revealed that the business paid investors almost £9bn in dividends and share buyback schemes over the last five years. The stock-market-listed firm, which counts the fund managers BlackRock, Vanguard and the Abu Dhabi Investment Authority among its top five shareholders, has a 19% operating margin on its electricity business, allowing the board to fund an average £1bn a year in dividends. A report by the left-of-centre thinktank Common Wealth found that a special dividend following the sale of its gas distribution business gave a significant boost to shareholders in 2017 when the funds might have been used for further investment. The business increased the amount paid to shareholders to £4.5bn following a £3.2bn special dividend. Part of National Grid is on course to be nationalised next year to allow the government more control over its strategy, but the Green party said the entire organisation needed to […]
An opportunity that changed a familys life
In 1997, Mine Planning Engineer Gerardo first started his mining career in home country Chile as an enthusiastic graduate engineer fresh out of university. Fast forward to 2022, Gerardo celebrated his 25th anniversary with BHP. In 2007, after working with BHP for 10 years in a Chile copper mine, Gerardo and his family were presented with the opportunity to relocate to Australia. While a very hard decision to make at the time, it’s a decision he is thankful he made and remains grateful of the opportunities that offered to him and his family as a result. “Moving to a new country wasn’t without its challenges; we were in a new country, surrounded by new people where we had to learn a new language, but we knew the opportunities that lay ahead of us would be worth it.” Gerardo’s first taste of Australian living was in South Australia where he spent his first assignment at Olympic Dam. Soon after, he moved to Townsville before landing in Brisbane where he has resided for the past 13 years. Gerardo describes ‘the people’ as the best thing about working at BHP. “I’ve been so fortunate to have worked with colleagues who have supported […]