Cashflow forecasting helps businesses predict when issues may arise and allows them to take action proactively to avoid cash flow gaps. Opinions expressed by Entrepreneur contributors are their own. You might have heard that the biggest cause of business failures is cash flow issues , but to what extent is the severity of this widespread problem? To put things into perspective, more than 80% of business failures are due to a lack of cash, 20% of small businesses fail within a year, and half fail within five years. But it doesn’t have to be that way. In fact, many businesses can avoid cash flow problems with proper cash flow forecasting . Cashflow forecasting helps businesses predict when issues may arise and allows them to take action proactively to avoid cash flow gaps. That said, many businesses already operate at max bandwidth, and cash flow forecasting isn’t on business owners’ minds. It’s usually already too late when business owners are hit with a financial setback and realize they don’t have enough cash to cover it. Many business owners don’t realize that the scope of benefits that derives from good cash flow forecasting goes light years beyond helping the business plan […]

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Not only the external environment but your inner environment can completely change your business. Opinions expressed by Entrepreneur contributors are their own. Business owners have always been problem solvers. That’s what the free market is designed to do — allow innovative thinkers to create change for others by solving problems. We, as entrepreneurs, are problem solvers and creative thinkers. To see success in business, we must be good at a few core skills. We must be good at solving a specific problem for a specific type of person. We must be good at finding the right people and managing those people. And we must be good at solving the problems that arise in our businesses from the chaos that the world brings. We all know that even with the perfect plan, we still run into problems . It’s how we deal with those problems that dictate the end results in our business. The human mind has evolved to create more comfort for us. We’ve designed houses, cities, supply chains and much more to solve problems and also create more safety and security in an uncertain world. It’s in the crafting of these types of environments that we create a […]

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Here are four trends shaping the small business landscape to be aware of as you implement your plans throughout the year. Opinions expressed by Entrepreneur contributors are their own. The beginning of a new year often comes with a laundry list of goals and to-dos, which can quickly become overwhelming if you try to tackle too much, too fast. I’ve always approached resolutions by setting short and long-term goals spanning the entirety of the year — after all, we have 12 months to accomplish our goals, and there’s a reason they’re not called January Resolutions. Now is an important time for business owners to reflect and set a course for the year ahead, but it’s easier than ever to get bogged down worrying about the challenges facing the economy . I would encourage all small business owners to tackle 2023 with a splash of empathy and realism. Don’t bury your head in the sand — be mindful of the economic headwinds we’re facing, but don’t let them monopolize your attention. Instead, devote your time and energy to the challenges and operations that do fall within your control. Here are four trends shaping the small business landscape to be aware […]

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After knocking TikTok off of state devices in November, Gov. Kristi Noem is further restricting the South Dakota from doing business with what her office called "evil" foreign governments. On Friday, Noem signed an executive order that would bar the state from executing contracts with "prohibited entities," or any organization owned by a foreign government from China, Cuba, Iran, North Korea, Russia or Venezuela. Noem’s order also prohibits the state from purchasing information or communication technology from an organization owned by the aforementioned countries or considered unsafe for the state’s cybersecurity systems by connection to the banned entities. Related : Noem, two legislators draft bill to limit foreign purchases of South Dakota agricultural land The order also requires any telecommunication company entering into a contract with the state to certify it is not owned by a "foreign national, a foreign parent entity, or foreign government" from the listed countries. “It is critical that we protect South Dakotans from evil foreign governments,” Noem said in a press release. “This order ensures that these countries cannot leverage telecommunications or state contract procurements to gain access to crucial state infrastructure and data.” The political sentiment of referring to foreign governments as "evil" […]

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Parents are still experiencing a ‘not normal’ situation for baby formula: Helena Bottemiller Evich 00:00 00:0003:02GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay The Justice Department is investigating Abbott Laboratories’ baby formula plant in Michigan, which was at the center of a nationwide formula shortage that plagued millions of families, the Wall Street Journal reports. In May, Abbott reached an agreement with the Food and Drug Administration (FDA) to reopen the company’s manufacturing plant in Sturgis, Michigan to help ease a nationwide shortage of baby formula, after the facility was closed due to bacterial contamination. Shelves with baby formula are pictured at Skippack Pharmacy with a shopper limit amid continuing nationwide shortages in Schwenksville, Pennsylvania, U.S., June 2, 2022. Shelves typically stocked with baby formula sit mostly empty at a store in San Antonio, Tuesday, May 10, 2022. Parents across the U.S. are scrambling to find baby formula because supply disruptions and a massive safety recall have swept many leading FDA Commissioner Robert Califf said Abbott, under the conditions of the agreement, would correct insanitary conditions that led to the contamination and plant closure. "The DOJ has informed us of its investigation, and we’re cooperating fully," an Abbott spokesman […]

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Rigs that haven’t been used in years are setting out to sea as demand for energy surges. ‘Everyone started drilling again.’ Transocean’s $1.2 billion Deepwater Titan, which will soon drill for oil in the waters of the Gulf of Mexico. Transocean The $1.2 billion Deepwater Titan sat idle in a Singaporean shipyard for five years, looking like an abandoned cruise ship with a derrick attached to its deck. Soon this vessel that spans nearly three football fields will depart for the deepest waters of the Gulf of Mexico, where its crew will be able to drill 8 miles below the seafloor in search of oil for Chevron Corp. The hunt for offshore petroleum is on again, fueled by a surge in global demand for energy, supply disruptions triggered by the war in Ukraine and crude prices that remain above prepandemic levels. Other giant rigs such as Titan that were dormant near the end of the last decade are also now operating in deep waters along the coast of Brazil, while rigs lacking propulsion are mining shallower waters in the Middle East after hitching rides to that part of the world on tugboats. Continue reading your article with a WSJ […]

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Police released photos of a suspect in a burglary during the early morning hours of Jan. 20, 2023, at True Value Hardware Store in Lexington. LEXINGTON (25 News Now) – McLean County Sheriff’s Police are asking the public to help identify a masked man caught on camera breaking into a Lexington business early Friday, and they believe the same man participated in five other burglaries at the same place since mid-November. Police say True Value Hardware in the 400 block of West Walnut Street in Lexington was targeted again early Friday. Police posted five pictures of the man on the department’s Facebook page. The suspect is a white man, about six feet tall, with medium build. Police say he was wearing a dark-colored hooded jacket, black stocking cap, a bright yellow full-face mask, grey or black gloves, dark-colored jeans with tears or fraying on the legs and black athletic or slip-on shoes with a white sole. Police think his jeans and shoes in particular may help identify him. In addition to Friday morning’s burglary, police said the suspect was present for burglaries at the same store on Nov. 12, Nov. 21, Dec. 7, Dec. 25 and Jan. 4. Anyone […]

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The Greater Owensboro Chamber of Commerce recognized nearly two dozen businesses and individuals at their annual awards celebration event Friday night. Awards were as follows: Emerging Business of the Year Gramps Coffee and Donuts Business of the Year (1-10 Employees) Red Wing Shoes Business of the Year (11-49 Employees) Fastek Services, LLC Business of the Year (50-249 Employees) Independence Bank Business of the Year (250+ Employees) Big Rivers Electric Corporation Nonprofit of the Year (Fine Arts) RiverPark Center Nonprofit of the Year (Human Services) Diocese of Owensboro Catholic Charities Education and Workforce Development Organization of the Year Puzzle Pieces – Employment Opportunities Manufacturer of the Year Domtar Owensboro Converting and Distribution Rick Kamuf Agri-Business of the Year Mack Estes Farms Bill Young Community Leadership Award Bill and Susie Tyler Legacy Award Keith Lawrence Chamber Ambassador of the Year Justin Merrit Director of the Year Bart Darrell and Brian Wright Chamber Young Professionals Member of the Year Keith Cottoner Leadership Owensboro Class of 2022 Member of the Year Blaine Mathew Chamber Member of the Year Young Foundation Minority Business Leader of the Year Allyson Sanders

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In the midst of Maine’s winter season, many people across our state are struggling to stay warm given the surge in home heating and energy costs. I heard from countless residents of our district about their needs, and am proud to say the Legislature delivered relief in a bipartisan manner. This was such an important bill for us to pass, and has set a hopeful tone for me as I start my term as your state senator. Gov. Janet Mills has signed into law L.D. 3 , the Emergency Winter Energy Relief Program. One of the biggest provisions in this measure will send $450 relief checks to over 800,000 Maine taxpayers. Individuals making less $100,000 and couples making less than $200,000 on their 2021 state tax returns will be eligible for relief. L.D. 3 includes critical funding for the Home Energy Assistance Program (HEAP), and emergency fuel assistance, both of which are administered by Community Action Agencies like Kennebec Valley Community Action Program. To learn if you’re eligible for these benefits, contact KVCAP at 207-622-4761. In addition, this package bolsters funding for the Emergency Housing Relief Fund to keep Mainers in their homes this winter. Learn more about the […]

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This is a carousel. Use Next and Previous buttons to navigate "Shop Local" banners greet shoppers outside Post Road businesses in downtown Fairfield, Conn. on Wednesday, January 18, 2023. FAIRFIELD — The number of businesses opening in Fairfield more than doubled last year compared to 2021, with officials saying business and development is going strong. The town welcomed 75 new brick and mortar business including Isla & Co., Sally’s Apizza , Trek Bicycle, Evolution Gaming and Ryoma Coffee World, First Selectwoman Brenda Kupchick said in her newsletter. "Behind the scenes, the collaborative and productive work of our permitting departments assisting businesses throughout the process sends a message that Fairfield welcomes new businesses to our community," she said. "Our local business’s success is Fairfield’s success, and as a town, we strive to assist in these efforts the best we can." In a newsletter at the end of 2021, Kupchick said more than 40 businesses had opened in town that year, including Aldi’s and Floor & Décor, which opened in the former Kohl’s location. Mark Barnhart, the director of the Fairfield Office of Community and Economic Development, said the town has all of the key criteria a business looks for when […]

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