Business & Finance

  • Business & Finance

    Your Business Is Not a Retirement Fund!

    A coffee shop owner leans with her elbows on the counter with a worried look on her face. Getty Images I often receive inquiries from business owners seeking to increase their company’s profitability, margin, etc. Many of them view the business as their retirement plan. Although it’s an asset you could use to fund your retirement, I believe focusing on profitability is shortsighted. By focusing on growing the bottom line, you’re creating a generous income for your present. But what happens once you’ve exited from the business? Unless you’ve increased its intrinsic value, making it an attractive option for buyers,  

    Comments Off on Your Business Is Not a Retirement Fund!
  • Business & Finance

    The Guardian view on green finance: doing business as if the planet mattered | Editorial

    Last week, Shell walked away from 170 million barrels of oil off the coast of Shetland, declaring the “economic case for investment” too weak. As might be expected with such a politically sensitive venture, there has been much speculation about what other factors might have been at play, whether pressure from Nicola Sturgeon or from Whitehall. But let’s try another question: how did Shell ever decide that there was an economic case? After all, the energy giant does not deny that its entire business will have to change. It advertises its “target to become a net zero emissions 

    Comments Off on The Guardian view on green finance: doing business as if the planet mattered | Editorial
  • Business & Finance

    Alibaba Group Announces CFO Succession | Business & Finance

    HANGZHOU, China–(BUSINESS WIRE)–Dec 5, 2021– Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced that Toby Xu, Deputy Chief Financial Officer, will succeed Maggie Wu as the Company’s Chief Financial Officer, effective April 1, 2022. Maggie will continue as a partner in the Alibaba Partnership and serve as an executive director on the Alibaba board. “Maggie has made exceptional contributions that are instrumental to Alibaba’s achievements to date. Since joining Alibaba almost fifteen years ago, Maggie has helped lead three successful company public listings as CFO: Alibaba.com on the Hong Kong Stock Exchange in  

    Comments Off on Alibaba Group Announces CFO Succession | Business & Finance
  • Business & Finance

    Cetera Branch Community Posts Record Growth, Spotlighting Business-Building Success for Financial Professionals

    Assets, accounts and advisory business increase exponentially in two years since 2019 acquisition LOS ANGELES, Dec. 2, 2021 /PRNewswire/ — Cetera today revealed accelerated growth for its branch community in the two years since it acquired the assets of Foresters Financial’s U.S. brokerage and investment advisory business. Since June 2019, assets under management increased 150% and assets under administration increased 36%. In addition, the branch community nearly tripled its advisory accounts (a 195% increase). Cetera Financial Group Logo (PRNewsfoto/Cetera Financial Group) “Our growth strategy is driven by our purpose to deliver best-in-class financial advice to as many investors  

    Comments Off on Cetera Branch Community Posts Record Growth, Spotlighting Business-Building Success for Financial Professionals
  • Business & Finance

    Harborside Announces Business Combination with Urbn Leaf and Loudpack Creating StateHouse Holdings, a Leading California Cannabis Company

    – Urbn Leaf CEO Ed Schmults to be named CEO of StateHouse – – Vertically integrated with a fully installed and operational platform to consolidate the California cannabis sector – – US$77.3 million in rollup debt financing expected to provide non-dilutive capital, leveraging StateHouse’s significant real estate portfolio – OAKLAND, Calif., Nov. 29, 2021 /PRNewswire/ – Harborside Inc. (“Harborside” or the “Company”) (CSE: HBOR), (OTCQX: HBORF) a California-focused, vertically integrated cannabis enterprise, is pleased to announce that it has entered into definitive agreements (the “Definitive Agreements”) to acquire UL Holdings Inc. (“Urbn Leaf”), a top California cannabis retailer  

    Comments Off on Harborside Announces Business Combination with Urbn Leaf and Loudpack Creating StateHouse Holdings, a Leading California Cannabis Company