getty Globally, we are facing a looming economic slowdown, the ongoing Ukraine war and volatile tech valuations. So far, 2023 has started out as a year of uncertainties across all businesses, notwithstanding scale or operations. To tide over this market dip, I expect an increasing number of global enterprises to revisit their digital initiatives through a very different lens. Enterprises are likely to shift focus toward cost-saving measures, such as automation and digitalization. Overall, digital transformation will become even more crucial for companies to survive and thrive in the face of a recession, as industries across the board will revert to basics with a focus on EBITDA, agility and sustainability. I have laid down my top five predictions for the benefit of enterprise and technology providers. Here are some of the critical enterprise technology trends that I believe will shape the next growth phase. 1. Enterprises will continue to think hybrid but the balance will shift to savings and value. After an era of continuously growing investments in discretionary projects centered on innovation and programs for experimenting with expensive new technologies, markets and products, enterprises will start refocusing on operational optimization and transformation (IT and business). The focus will […]

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Atlanta-based business management consultant The Powers Co. has acquired local software development firm CultureWorx Inc., according to a news release. The move is effective March 1, with total operational integration by the end of the 2023 fiscal year. The CultureWorx brand will remain actively serving its clients during that transition period. Financial terms of the deal weren’t disclosed. "We are excited about the integration of CultureWorx into our business, as we anticipate growth and advancement in the areas of technological innovation, change management, and leadership development strategies for our network of clients,” Sean Hart, CEO of Powers, said in the release. The move comes less than two years after Powers announced it would offer its clients access to CultureWorx’s platform as part of a partnership with the company. The Powers Co. consults businesses to improve operational performance. It works with Fortune 500 businesses such as Blue Cross Blue Shield, Raytheon, BMW, Anheuser-Busch, Signa, Boeing and others, according to a company spokesperson. It has offices in Atlanta and Penfield, New York. CultureWorx provides a software platform that allows a business to measure and manage its company culture. In 2021, it claimed to provide the world’s first business culture performance management […]

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Moe Bousaid is head of the #1 Business Broker Team of First Choice Business Brokers Las Vegas, Scottsdale, San Diego, Orlando Licensed NV/CA getty Selling a business is a complex and time-consuming process, and choosing the right broker can make a massive difference in the outcome. For example, working with the cheaper option may seem like a good idea at first, but this decision can cost you in the long run if every detail isn’t thought through. In this article, we will discuss four of the most important things to consider when searching for a business broker to avoid certain mistakes that can quickly become costly. An Understanding Of The Market A business broker acts as the intermediary between the buyer and seller, helping to facilitate the transaction and ensure that all parties are satisfied with the terms and conditions. A good broker will have extensive experience in the industry and a deep understanding of the market, which is why they can negotiate a fair price and secure a favorable outcome for both the buyer and seller. A good broker will also have a network of potential buyers who they can approach. Without this network, their ability to find […]

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BENGALURU, March 1 (Reuters) – India’s Bajaj Finserv (BJFS.NS) said on Wednesday it has received the market regulator’s license to start its mutual fund business. Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management as investment manager, will soon offer mutual fund products including equity, debt, and hybrid funds in the active and passive segments, Bajaj Finserv said in a regulatory filing . "A resurgent India, rising investor confidence and digital access to financial services is leading to high adoption of mutual funds," said Sanjiv Bajaj, chairman and managing director of Bajaj Finserv. Register for free to Reuters and know the full story Advertisement · Scroll to continue Inflows into Indian equity mutual funds jumped nearly 72% to 125.47 billion rupees ($1.52 billion) in January, their highest in four months, offsetting some heavy selling by foreign investors, data from the Association of Mutual Funds in India showed last month. Nimesh Chandan is chief investment officer at the mutual fund. Bajaj Finserv is a holding company for financial services businesses including non-bank lender Bajaj Finance (BJFN.NS) . Both firms are listed on the blue-chip Nifty 50 index (.NSEI) . ($1 = 82.4250 Indian rupees)

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Small business owners can identify tax advisors by asking for recommendations from other professionals such as accountants, seeking personal referrals, checking out professional directories and following leads from advertisements. Before seeking help from a tax advisor, business owners will want to decide what kind of help they need and how much they’re willing to pay. After picking some candidates, interviews and background checks can help whittle the list. The help of a knowledgeable and attentive tax advisor can significantly affect a business’s financial performance. Tax Advisor Basics A tax advisor can give a business owner guidance about how to reduce taxes. Tax advisors are often called in to prepare tax returns, plan for managing future taxes and navigate major events such as the sale of a business, all with an eye to minimizing tax liability. The role of a tax advisor is often handled by an accountant, attorney or tax return preparer. Enrolled agents , certified public accountants and attorneys carry professional designations and are licensed and overseen by government regulators. Tax return preparers are registered with the Internal Revenue Service However, anyone can call themselves a tax advisor. There’s no specific certification requirement for giving tax advice. Getting […]

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Instacart is getting into another business – namely, Instacart Business. The grocery tech company announced the launch of a new platform aimed at helping businesses – especially small and local businesses – connect with retail vendors in a way that’s tailored for both of their needs. Instacart Business allows smaller operations like salons, cafes, daycare facilities, legal services firms and tradespeople like plumbers and electricians to order a range of supplies using one source in an efficient, fast way. Users can get started quickly in a few clicks instead of going through different onboarding processes usually required by multiple vendors. [Read more: " Instacart’s New Tools Offer Grocers More Seamless Shopper Experiences "] The San Francisco-based company’s latest platform helps businesses purchase items from retailers they trust with no monthly minimums or additional contracts. Same-day delivery is available, which helps businesses avoid high delivery fees and cuts down on the need for staff to pick up orders. Among other features, the platform allows users to create streamlined shopping lists that can be shared with their team. Auto-order capabilities replace cumbersome manual orders, and businesses can choose from different delivery options such as delivery in as little as 30 minutes […]

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getty Interest rates have been all over the map in 2022. After starting the year relatively low , interest rates across the board spiked dramatically throughout the year in response to rising inflation rates and the Fed’s rate increases to combat it. The consequent sharp jump in market interest rates has made managing a debt portfolio tricky for corporate borrowers. Some people exploring business loans might be thinking a window of opportunity is finally opening in the world of adjustable-rate loans, thanks to current market conditions. But is now the right time to leverage these types of loans? And what should you know before doing so? Here’s what I suggest keeping in mind if you’re thinking of opting for an adjustable-rate loan for your business. Why You Might Be Considering Adjustable-Rate Loans • Rates are starting to fall. Generally, market interest rates trend upward in line with what’s happening with the federal funds rate. But this is far from a direct correlation. In fact, market interest rates often anticipate Federal Reserve movements ahead of time. On Dec. 14, the Fed raised the federal funds rate by .5%, which is a notable decrease from the prior few meetings, when the […]

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The Coramino Fund announces $500,000 in grants to 50 US small businesses—a new small business and entrepreneurship program led by LISC and funded by Gran Coramino Tequila—providing cash grants and resources to Black and Latinx entrepreneurs and small business owners JERSEY CITY, N.J., March 1, 2023 /PRNewswire/ — Today, Gran Coramino ® Tequila ® , founded by entrepreneur Kevin Hart and 11th generation tequila maker, Juan Domingo Beckmann, is proud to announce the 2023 grantees of The Coramino Fund’s US program, in partnership with national nonprofit, Local Initiatives Support Corporation (LISC). Continue Reading Gran Coramino Cristalino & Añejo The Coramino Fund was created to support Black and Latinx small business owners and entrepreneurs who have historically been blocked from access to capital and necessary resources to grow their businesses. Applications for US businesses opened in November 2022, and were received from all 50 states and across a range of industries including retail trade, transportation, educational services, and more. 50 eligible businesses were selected by LISC to receive grants. 50% of the 2023 Coramino Fund businesses selected are Black-owned, 36% are Latinx-owned, and 14% are Black and Latinx owned. 68% are women-owned businesses. Established by founders Kevin Hart, Juan Domingo […]

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Getty AI has become an integral part of many businesses. Whether we accept the technology or not, I believe it is here to stay. Today, companies use AI to perform tasks like consumer behavior analysis , bug removals, productivity enhancements and more. I think the benefits of AI have outweighed the risks in the past years. But this doesn’t mean there aren’t any downsides to the technology. In my opinion, we can deal with many of these possible risks of AI if we keep in mind its significant benefits. Based on my experience as the head of AI of my company, I suggest considering these three benefits and risks when integrating AI into your business operations. Benefits 1. Automating Workflows AI can make a business workflow more efficient by automating routine operations. This allows the workforce to focus on more important things and finish pending tasks in less time. AI can also help with market research and make data understandable for decision makers. MORE FOR YOU The ‘Backsies’ Billionaire: Texan Builds Second Fortune From Wreckage Of Real Estate Empire He’d Sold By Helping The Ukrainian Community In Manhattan, Veselka Earns A James Beard Nomination For Outstanding Restaurant Erykah Badu […]

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Direct ad sales are a lucrative business for many publishers. But fulfilling direct sales is a tedious process that requires heavy investment in time and manpower. For American City Business Journals (ACBJ), which earns about 90% of its revenue from direct sales, this problem was acute. The media company publishes 40 business publications, including the Houston Business Journal and San Francisco Business Times, and works with about 3,000 advertisers per month. Because its content focuses on local business news, it mostly works with local advertisers that prefer to buy direct, said SVP Ryan Whittington. But direct sales involve a lot of emailing back and forth to provide advertisers with order details, delivery deadlines, creative specs and performance reports. And because direct sales require a more manual fulfillment process, they lack the scalability of programmatic auctions, which can be completed almost instantaneously. So ACBJ is looking to invest in technology that can streamline its direct business as much as possible. “Our goal is to make our sellers more efficient, so they can go after bigger deals and spend more time with our biggest advertisers,” Whittington said. Post-sales automation In a major step toward that goal, ACBJ integrated FatTail’s AdBookPORTAL self-serve […]

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