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

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The appeal of RESTART is in its long-term repayment program — up to seven years in some cases — and its generous forgiveness for losses suffered in 2020. Its provisions are crucial to the many independent players in the concert music business.

“Our business was one of the first to have to close down,” said talent agent Ted Kurland, who runs Boston’s Kurland Agency. “And we will be one of the last to come back.”

Kurland, who books blue-chip jazz acts like Pat Metheny, Wynton Marsalis, and Cécile McLorin Salvant, pointed out that tours and performances originally scheduled for 2020 were at first moved to 2021 and are now being scheduled for 2022.

The live music business, said Wayne Forte, who runs New York’s Entourage Talent Associates, needs “a long runway before we are back in business.”

“That is to say, if the all-clear is given in the spring of

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Many higher-earning and better educated Americans believe that a President Joe Biden would be better for the U.S. economy but worse for their wallets. The question is: How will they vote in November?

According to a new survey conducted as part of the University of Michigan’s Survey of Consumers, half of all Americans in the top 10% of the income distribution (households taking home at least $185,000) believe that Biden would be better for the economy than President Donald Trump, compared with 30% who think the incumbent would be better and 20% who think it makes no difference.

Most Americans lower down the income scale say that Trump would be slightly better for the economy, or that there isn’t a meaningful difference between the two candidates. Overall, 37% think Trump would be better, 33% think Biden would be better, and 29% are indifferent.

Similarly, a slim

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