Parcel lockers are becoming increasingly popular in the UK for their convenience, efficiency, and sustainability in parcel handling. The ‘Out of Home Delivery in Europe’ report by Last Mile Experts notes approximately 15,000 parcel lockers in the UK, a number that is poised for significant growth.

A company at the forefront of this trend is YEEP!, which plans to establish 10,000 battery-powered, carrier-agnostic parcel lockers across the UK. LockerQuest is aiding YEEP!’s expansion efforts, with support from partners such as Creative Car Park.

Jonathan White, CEO of LockerQuest, outlined their approach: “Our aim is to generate our host clients additional recurring revenue from unused or underutilised spaces. After we have confirmation from CCP that a site is interested in hosting a parcel locker, we will carry out a survey to determine the ideal location for the locker based on accessibility, visibility and safety considerations. As we work with different parcel locker types including B2B lockers used by service engineers, we also look to maximise opportunities to create the best return from the space available.”

Stuart Cummings, CEO of Creative Car Park, expressed enthusiasm about the initiative: “Our aim is to help businesses unlock maximum value from their car parks, and we look to exciting new products and partnerships to achieve this. We are delighted to introduce parcel lockers as a new product and our partnership with LockerQuest will ensure that every aspect is taken care of for our clients, from installation to maintenance. We are especially pleased to hear about the battery powered, free standing lockers which make these extremely easy to deploy.”

Already a trailblazer in the US wellness industry, Next Health Australia is set to expand its footprint with 20 new sites over the next six years. This expansion is underpinned by a master franchise agreement, entrusted to an Australian team led by Dr. Kelly Francis in the role of Chief Medical Officer. Margie Baldock, CEO of Next Health Australia and a seasoned biohacker of 20 years, alongside Graham Staerk, a professional with four decades of experience in political campaigning, corporate lobbying, and public relations, will spearhead public relations and marketing.

Their collective expertise spans the medical, property, marketing, and government relations sectors. The inaugural Next Health centre is on track to open in 2024, promising to revolutionise the Australian wellness industry.

Scott Svilich, COO of Next Health and an expert in franchise development, is guiding this expansion. He shared his excitement about the venture: “I’m thrilled that we’ve found the ideal operating partners who also share our core values and mission to bring Next Health to Australia. With their dedication and aligned mission, I’m confident that our collaboration will be a great success. We look forward to introducing Next Health’s pioneering longevity services to 20 key Australian markets.”

Next Health’s rise in popularity in the longevity field is in part due to its cutting-edge facilities, which offer a fresh take on traditional healthcare environments. These spaces are designed to be universally appealing, merging wellness with modern aesthetics. Clients benefit from a data-driven approach to health and access to a range of advanced medical services. Next Health’s model is unique, based on membership and a proprietary customer journey, leading to strong economic performance per unit.

In light of the Australian expansion, Next Health Founders, Dr. Darshan Shah (CEO) and Kevin Peake (President), expressed their enthusiasm: “People globally are placing an unprecedented emphasis on their overall health well-being. Our Australian partners recognise this burgeoning demand for diagnostic and preventative health solutions, and we’re thrilled to introduce our best-in-class approach and technologies to Australia, marking a new era in wellness and longevity. Witnessing the life-changing results in the United States has been immensely rewarding. We’re dedicated to helping individuals achieve their optimal health and well-being, and we’re confident that our expansion into Australia will bring about remarkable changes in the lives of many.”

The impact of Next Health is evident, with endorsements from notable figures like Orlando Bloom, a long-term client, who has recently invested in the company. This investment highlights the transformative effect Next Health has on its clients and its growing prominence.

The first Next Health Australia location is expected to open its doors in 2024, with potential sites including prime retail areas in the Gold Coast and Sydney.

Outsourcing has become a buzzword across various industries, and accounting is no exception. Businesses are increasingly recognizing the benefits of entrusting their financial processes to specialized service providers. The term outsourced accounting services near you is not just a mere trend; it represents a fundamental shift in how companies handle their financial affairs.

Outsourcing allows businesses to convert fixed costs into variable costs, paying only for the services they need. This flexibility is especially beneficial for small and medium-sized enterprises (SMEs) striving to optimize their operational costs.

Understanding the Need for Outsourced Accounting Services Near You

Small and medium-sized businesses often find it challenging to maintain an in-house accounting team due to budget constraints and resource limitations. In such cases, outsourced accounting services near you become a viable and cost-effective solution. By entrusting financial responsibilities to external experts, businesses can focus on their core activities while ensuring that their financial affairs are in capable hands.

Outsourced accounting services near you provide a range of benefits. They offer access to a pool of skilled professionals who stay updated with the latest industry trends and regulations. This expertise is invaluable when navigating the complex landscape of financial management and compliance.

Strategic Financial Decision-Making Through Outsourced Accounting Services

1. Local Expertise for Local Compliance: When you choose outsourced accounting services near you, you benefit from professionals who understand in local tax laws and compliance requirements. This local expertise ensures that your financial operations align with the specific regulations of your region, reducing the risk of penalties and legal complications. This also applies if you are looking to outsource accounting services for franchises of any type of business.
2. Cost Efficiency and Scalability: Outsourcing accounting services near you allows for a flexible and scalable approach to financial management. As your business expands, the outsourced team can adapt to your growing needs without the need for recruitment and training. This scalability ensures that your financial processes remain efficient and cost-effective, regardless of changes in the size of your business.
3. Timely and Accurate Financial Reporting: Timely and accurate financial reporting is the cornerstone of effective decision making. Outsourced accounting services near you use advanced technology and accounting software to provide real-time insight into your financial performance. This enables you to make timely, informed decisions that contribute to the overall agility of your business.
4. Risk Mitigation and Fraud Prevention: Financial mismanagement and fraud can have serious consequences for businesses. Outsourced accounting services near you implement robust internal controls and conduct regular audits to identify and mitigate potential risks. By proactively addressing these issues, companies can protect their assets and maintain stakeholder confidence.
5. Focus on Core Competencies: Managing an in-house accounting team can be time-consuming and a distraction from your core business activities. Outsourcing allows you to redirect your focus and resources to what you do best – growing and innovating your business. This strategic shift ensures that your energy is invested where it matters most, contributing to long-term success.
6. Financial Forecasting and Planning: Effective financial decision-making requires a keen understanding of your company’s financial health and future prospects. Outsourced accounting services near you can assist with financial forecasting and planning, providing valuable insight into potential challenges and opportunities. This foresight enables companies to develop sound strategies for sustainable growth.
7. Improved Efficiency Through Automation: Modern accounting services use automation tools to streamline repetitive tasks and improve overall efficiency. By outsourcing accounting functions, companies can take advantage of these technologies without significant upfront investment. Automated processes not only reduce the likelihood of errors, but also free up valuable time for finance professionals to focus on more strategic tasks.
8. Access to a Diverse Skill Set: Outsourced accounting services near you often consist of a team of professionals with diverse skills and experience. This diversity brings a wealth of knowledge and innovative solutions to complex financial challenges. Whether it’s tax planning, forensic accounting, or financial analysis, access to a broad skill set ensures comprehensive support for your company’s financial needs.

Outsourced accounting services near you are instrumental in driving strategic financial decision making. As businesses continue to navigate an ever-evolving economic landscape, partnering with a local outsourced accounting service becomes an important step toward sustainable growth and success.

By prioritizing strategic financial management, companies can position themselves for long-term prosperity in today’s competitive business environment.

The platform confronts universal challenges like online fraud, which, coupled with a 42% divorce rate for Muslims in the UK and 31% amongst North American Muslim communities, creates a stigmatising burden. MMS aims to provide a secure and dignified avenue for Muslims seeking a second chance at marriage after divorce.

Targeting students and young professionals, MMS offers a secure online community where trust and digital security are paramount. “We are here to help Muslims find love built on trust and digital security. That’s why MMS is the only matrimonial service on the planet to use Extended Validation Site Security Certification,” Mostafa asserts, highlighting the platform’s unique security features.

MMS incorporates features like DBS certificate management, international equivalent documents for background checks, and chaperone and guardian validation. The platform ensures safeguarding, discreet monitoring, and secure photo and message exchanges.

Currently operational in the UK, North America, Europe, and the Middle East, MMS dedicates 50% of its profits to aiding underprivileged global communities. Focusing on fostering genuine matrimonial connections, MMS plans to host live events and has partnered with Insightology (UK) to offer premium members emotional support in their marital journey.

Crafting a Memorable First Impression

In those critical first moments when a user lands on a website, the visual elements wield unparalleled influence in shaping their perception. The layout, color scheme, and imagery collectively contribute to the formation of the initial impression. Graphic design emerges as the orchestrator of this crucial visual symphony, skillfully crafting elements that are not only visually appealing but also cohesive. In setting the stage for a positive user experience, graphic design becomes the silent ambassador of a brand, communicating its essence in an instant. A well-designed website, with its ability to capture attention seamlessly, transcends aesthetics to instill confidence and trust in visitors. The visual allure, when harmonized by thoughtful graphic design, becomes a conduit for fostering a connection that goes beyond mere visuals, creating a user experience that is not just positive but memorable.

Enhancing User Experience Through Intuitive Design

User experience (UX) is at the heart of effective website design. Graphic design plays a pivotal role in creating an intuitive and seamless journey for users. From easy navigation to the strategic placement of elements, graphic designers ensure that the website is not only visually pleasing but also user-friendly. This results in a more enjoyable and engaging experience for visitors, increasing the likelihood of prolonged interactions and conversions.

Building a Distinctive Brand Identity

Within the expansive realm of the internet, where competition is intense and diverse voices vie for attention, establishing a distinctive brand identity becomes not just a priority but a strategic necessity. Graphic design, with its arsenal of elements such as logos, color schemes, and typography, becomes the visual cornerstone for this identity. The significance of consistency across these visual components cannot be overstated; it is the linchpin for brand recognition. By maintaining a harmonious visual language across the entire website, a brand gains not only visibility but also reinforces its unique personality. Professional graphic design services in the USA play a pivotal role in this process, leveraging their expertise to create custom visuals that not only align seamlessly with brand identity but also resonate profoundly with the target audience. In a landscape where authenticity and differentiation are paramount, the ability to carve out a distinct visual identity sets the stage for a brand to not just be seen but to be remembered.

Communicating Messages Effectively

Moreover, the influence of graphic design extends beyond its aesthetic appeal, serving as a dynamic and strategic instrument for effective communication. Within the digital landscape, where information is abundant and attention spans are limited, the artful integration of infographics, illustrations, and strategically placed call-to-action buttons becomes instrumental. Visual elements, meticulously crafted by professional graphic design services, act as guides, leading visitors through the nuanced narrative of your website. These visuals not only enhance the overall user experience but also play a crucial role in conveying complex information in a digestible and visually appealing manner. The seamless integration of professionally designed graphics ensures that your website becomes an engaging and informative platform, where visitors can effortlessly absorb your messaging, fostering a deeper connection with your brand.

Optimizing for Mobile Responsiveness

Furthermore, in a landscape where the majority of internet users access websites through a diverse array of mobile devices, the imperative of mobile responsiveness cannot be overstated. Graphic design assumes a pivotal role in this regard, serving as the driving force behind the seamless adaptation of visual elements to varying screen sizes without sacrificing quality. The significance of this responsiveness extends beyond aesthetics; it translates into a consistent and visually pleasing experience for users across different devices. This adaptability not only enhances user satisfaction but also plays a critical role in influencing search engine rankings. Search engines prioritize mobile-friendly websites, and the incorporation of responsive graphic design elements becomes a strategic asset in ensuring that a website not only looks appealing but also performs optimally across the spectrum of devices, ultimately contributing to a holistic and positive user experience.

The Role of Professional Graphic Design Services in the USA

While the DIY approach to graphic design may seem tempting, the expertise of professional graphic design services in the USA is invaluable for creating a website that truly stands out. These services offer:

1. Customized Solutions: Tailored designs that align with the unique identity and goals of the business.
2. Expertise in Trends: Awareness of current design trends and best practices to keep the website visually relevant.
3. Optimized Visual Hierarchy: Strategic placement of visual elements to guide users through the website effectively.
4. Comprehensive Branding: Creation and reinforcement of a cohesive brand identity across all visual elements.
5. Adherence to Industry Standards: Ensuring that the design adheres to industry standards, accessibility guidelines, and responsive design principles.

Conclusion

Moreover, in the fast-paced and ever-evolving digital landscape where attention is a scarce commodity, the importance of graphic design in website creation becomes even more pronounced. Graphic design transcends mere aesthetics; it serves as the linchpin for crafting a compelling online narrative. From the critical task of creating a memorable first impression to the ongoing challenges of enhancing user experience and effectively conveying brand messages, graphic design stands as the foundational element of a successful online presence. For businesses in the USA aspiring to leave a lasting impact, the decision to invest in professional graphic design services transcends being a mere choice; it emerges as a strategic imperative. This investment has the transformative potential to elevate a website from being merely functional to truly exceptional. As the digital realm continues its dynamic evolution, the symbiotic relationship between effective graphic design and website creation will persist as a driving force behind online success, propelling brands toward relevance and resonance in the ever-expanding digital frontier.

Lack of Proper Planning

One of the most significant missteps that new business owners often make is a lack of proper planning. A solid business plan serves as the foundation of any successful venture. That’s why it is essential to invest time and effort into creating a comprehensive business plan. By doing so, you can ensure that you are adequately prepared to navigate the challenges that might arise during the critical first year of your business. 

To develop a robust business plan, there are several key elements that you should include. Conduct thorough market research to gain a deep understanding of your target market, identify your competitors, and determine the potential demand for your products or services. This research will provide you with valuable insights that can help shape your business strategy.

Insufficient Financial Management

Financial management is another critical aspect that new business owners often struggle with. For instance, improper financial planning, inadequate cash flow management, and ineffective cost control measures can all contribute to financial difficulties. 

So, make sure you create a budget, track your expenses, and secure the necessary funding sources. On top of that, you’ll need to continuously monitor and adapt your financial strategies to ensure the long-term sustainability of your business during its initial stages.

Neglecting the Importance of Business Insurance

Business insurance is an area that deserves special attention. It plays a crucial role in protecting your business from unforeseen risks and liabilities. Here’s why insurance is essential for new business owners:

• Risk mitigation: Starting a business inherently involves risks. Whether it’s a physical storefront or an online venture, unexpected events can disrupt your operations. Business insurance can mitigate these risks by providing coverage for property damage, theft, or unexpected events like natural disasters.
• Liability protection: Liability claims from customers, employees, or third parties can be financially crippling for a new business. General liability insurance can safeguard your business by covering legal costs and damages in case of lawsuits related to accidents, injuries, or negligence.
• Worker’s compensation: If you have employees, worker’s compensation insurance is typically required by law. It provides coverage for medical expenses and lost wages in the event of work-related injuries or illnesses. Compliance with this requirement is essential to avoid legal penalties.
• Professional liability: For businesses that provide services or advice, professional liability insurance (also known as errors and omissions insurance) is crucial. It protects you from claims of negligence or errors in your professional services, ensuring your financial stability.
• Cybersecurity: With the increasing threat of cyberattacks, cybersecurity insurance is becoming more important for businesses that store sensitive customer data. It can help cover the costs of data breaches, legal expenses, and reputation damage.

How to Choose the Right Insurance Coverage

Choosing the right insurance coverage for your business is a critical decision. Here are some tips to help you make an informed choice:

• Assess your risks: Start by assessing the specific risks your business faces. Consider your industry, the nature of your products or services, and potential liabilities. This will help you determine which types of insurance you need.
• Work with an agent or broker: Insurance can be complex, and working with an experienced insurance agent or broker can be invaluable. They can help you understand your options, compare policies, and find the best coverage for your needs and budget.
• Read policy documents carefully: Before purchasing any insurance policy, carefully read and understand the terms and conditions. Pay attention to coverage limits, deductibles, and exclusions. If you have questions, don’t hesitate to ask your insurance provider for clarification.
• Review and update regularly: As your business grows and evolves, your insurance needs may change. It’s essential to periodically review your insurance coverage and make adjustments as necessary to ensure that your business remains adequately protected.

Ignoring Legal and Compliance Issues

Legal and compliance issues are frequently disregarded or underestimated by new business owners. These issues carry significant weight and can result in severe consequences. Neglecting to properly register your business, fulfill tax obligations, or safeguard your intellectual property can potentially expose you to various legal troubles and impose substantial financial burdens. So, it’s in your best interest to ensure that you thoroughly comprehend and diligently adhere to all applicable laws and regulations right from the beginning stages of your business venture.

Ineffective Marketing Strategies

Competition is fierce in our fast-paced digital age, so having an effective marketing plan is absolutely crucial for achieving business success and staying ahead of the curve. It is unfortunate, however, that many new business owners often overlook the importance of establishing a strong online presence, which can significantly impact their growth potential. Simply having a website or a social media account is not enough; you need to leverage the right marketing channels that align with your business goals and target audience.

Moreover, it is imperative to emphasize the significance of branding and messaging in your marketing efforts. Neglecting these essential components can severely hinder your ability to effectively communicate and connect with your target audience. By neglecting branding and messaging, you risk losing out on valuable opportunities to create a lasting impression and build meaningful relationships with potential customers.

In order to maximize your chances of success, you’ll need to develop a comprehensive and well-thought-out marketing strategy. This strategy should encompass various aspects, such as: 

• identifying your target market
• conducting thorough market research
• defining your unique selling propositions
• determining the most effective channels to reach and engage your target audience 

By investing time and effort into developing a solid marketing strategy, you will be able to attract and retain customers, build a strong and recognizable brand, and ultimately position your business for long-term success.

Poor Customer Relationship Management

Building strong and meaningful relationships with your customers is absolutely crucial for ensuring long-term success in your business. By actively engaging with and valuing customer feedback, you can gain valuable insights that can help you improve your products or services. Additionally, providing top-notch customer support that goes above and beyond expectations will not only satisfy your customers but also build trust and loyalty. 

Consider implementing loyalty programs to further incentivize customer engagement. Moreover, personalized communication tailored to each customer’s needs and preferences can greatly enhance their overall experience and strengthen the bond between your brand and them. 

Remember, investing time and effort into fostering strong customer relationships will not only protect your reputation but also pave the way for sustainable growth and profitability.

In Closing

The first year of starting a new business is filled with challenges and potential missteps. By addressing common pitfalls such as proper planning, financial management, legal compliance, marketing strategies, and customer relationship management, you can set your business on the path to success. Additionally, don’t underestimate the importance of business insurance in safeguarding your venture from unexpected risks and liabilities. By being prepared for the challenges ahead and knowing which common mistakes to avoid, you can increase your chances of thriving in your first year and beyond.

Accounts Receivable (AR) vs. Accounts Payable (AP)

AR refers to the money that a business is owed by its customers for products or services delivered but not yet paid for. Because it represents the income a company expects to receive in the near future, AR is an asset on a company’s balance sheet. Common use cases of AR include invoices issued to customers, outstanding payments and pending sales receipts. 

Now, flip the scenario above and you get Accounts Payable. AP represents the short-term debts that a business must pay off to its suppliers, vendors or creditors for goods received, services provided and other obligations. It encompasses all unpaid invoices and commitments the company is responsible for. Because the business owes money, AP is a liability on the company’s balance sheet. 

What is AR/AP automation?

AR/AP automation is the use of technology and software solutions to optimize the processes of managing outstanding invoices, payments and other financial transactions. Automation also streamlines repetitive tasks (data entry, approval workflows, reporting, etc.), reduces errors and provides real-time visibility into financial transactions. 

Here are some common use cases for AR/AP automation:

AR

• Electronic invoicing
  • Instead of manually creating a new invoice for every transaction, a business can use AR automation software to generate electronic invoices and send them to customers via email. Digital invoices can also be set to recur and send on particular dates. 

• Automatic payment reminders
  • AR automation systems can send automated payment reminders to customers when invoices are approaching their due dates. For instance, a SaaS company may use automated reminders to prompt customers to renew their subscriptions before expiration. 

AP

• Approval workflows
  • AP automation software streamlines the approval process by automating the routing of invoices to the appropriate personnel for review and approval. 

• Reporting and analytics
  • AP automation software also provides accurate reporting and analytics tools that offer insights into spending patterns, vendor performance and cash flow projections. 

How To Start With AR/AP Automation

Both AR and AP processes can benefit significantly from automation, but how does one get started? Here’s a quick breakdown of the steps you can take to start:

AR

1. Select AR automation software
2. Data integration
   • Connect your AR software to your accounting system and other relevant data sources, such as customer databases
3. Customer information setup
   • Include information like contact details, billing preferences, and payment methods
4. Invoice generation
   • Automate the creation and sending of invoices based on predefined schedules or triggered by specific events
5. Payment processing
   • Enable electronic payment options to allow customers to pay invoices online, and integrate with payment gateways to streamline the payments process
6. Automatic reminders
   • Set up automatic reminders or follow-up emails for upcoming and/or overdue payments
7. Reconciliation
   • Automate by matching received payments with corresponding invoices
8. Data, reporting and analytics
   • Make use of the built-in reporting and analytics features to gain insight into your AR performance and cash flow

AP

1. Select AP automation software
2. Data integration
   • Integrate the AP software with your accounting system, vendor databases and expense tracking tools
3. Vendor setup
   • Include information like contact details, billing preferences, and payment methods
4. Invoice receipt and scanning
   • Implement an automated system for electronic invoice receipt and scanning to digitize paper invoices
5. Invoice approval workflow 
   • Set up an automated workflow, which may include routing invoices to the relevant departments or individuals for authorization
6. Automatic payments
   • Schedule payments based on due dates or approval status
7. Expense tracking
   • Capture and categorize employee expenses 
8. Reconciliation
   • Automatically reconcile payments made with invoices and track outstanding liabilities
9. Data, reporting and analytics
   • Make use of the built-in reporting and analytics features to monitor AP performance, cash flow and vendor relationships

Esteemed for its legal prowess, with offices in Piccadilly Circus and Harrow, Osbourne Pinner offers specialized legal services for UK companies aiming to recruit skilled individuals from outside the UK.

Since the 2021 change to the point-based immigration system, the firm’s Sponsor Licence and Skilled Worker Visa service has achieved a stellar 100% success rate in applications, positioning Osbourne Pinner as a leading solicitor in this sector in London.

The firm provides a no-cost 30-minute consultation to evaluate a business’s suitability for a Sponsor Licence and charges only half the fee for any unsuccessful application.

Successful sponsor licence applications empower companies to employ skilled workers from outside the UK, including the EEA, under Tier 2 and Tier 5 visas. These licences are valid for four years and require renewal, granted based on compliance with visa conditions.

For hiring long-term employees, businesses must apply for a Tier 2 Sponsor Licence, ensuring a UK operational base, an effective HR system, and genuine skilled worker job opportunities.

The sponsor licence fee structure varies, with reduced charges of £536 for small businesses and charities, while other organisations pay £1476. Additional charges include the Immigration Skills charge (£1000 per year per worker) and £199 for each Certificate of Sponsorship (CoS).

Led by a team of experts in corporate immigration law, Osbourne Pinner serves a broad spectrum of businesses within the EU and globally.

Osbourne Pinner also assists in renewing Sponsor Licences, a critical step for the continued legal employment of non-EEU workers. Richard advises on maintaining efficient HR systems for hassle-free renewal applications.

Businesses interested in recruiting international talent are encouraged to schedule a free consultation with Osbourne Pinner through their online booking form.

More details about Osbourne Pinner are available here.

Value-Driven Mindset

Riva always stays focused on the value he brings to other people. While he does care about accomplishing his own goals, he’s more concerned about how he can change the lives of others. Although this characteristic can be challenging to master, it has helped Riva build a career that makes him proud. “Providing value in the lives of your clients has always been extremely important for my long-term business success,” says Riva.

Riva also touches on how difficult this can be when starting your career. While you may focus on making as much money as possible, this impulse may cause you to overlook some key areas. This mindset could lead to short-term success, but it isn’t the best long-term strategy.

Instead of taking aim at making cash, Riva cares more about helping his clients. Furthermore, he also faces challenges head-on. Rather than shying away from a difficult task, he makes an effort to do his homework and learn as much as possible. This quality comes from his deep-rooted passion.

By only taking on projects he’s passionate about, Riva puts his heart and soul into his work. And once again, this stems from the value he brings to others. “When you wake up each morning asking for more ways to better serve and satisfy your clients, you will dramatically boost your business. Always think in terms of serving, and even if your client was the one who was wrong, take the initiative to fix things and correct them immediately: it will provide value in their life,” Riva adds.

While Riva has impressive skills and talents he brings to the table, his relationships have always taken center stage. He claims his relationships have always been an essential aspect of his career. By forming strong bonds with other professionals, Riva says you can accomplish your most challenging goals.

Staying Positive

Raffaele Riva is involved with several financial specialties, such as wealth management, investment, auditing, asset management, and accounting. Although he has a busy schedule with challenging day-to-day tasks, one thing keeps Riva going—staying positive. He makes an effort to always have a positive attitude and remain curious.

Riva constantly stays updated on the latest news that impacts his business, and he’s never afraid to learn a new topic and explore complex subjects. Staying curious and having the willingness to learn helps fuel his career. Furthermore, understanding different topics also allows him to better serve his clients. It helps him make better decisions, form great ideas, and create exceptional recommendations for others. People not only trust him to lay out the facts, but they also rely on Riva for small details that can have a considerable impact.

Riva’s Journey

Riva was born in 1962 and went to school in Milan, Italy. He earned an economics degree, including a Dottore Commercialista (chartered accountant) from the Università Cattolica del Sacro Cuore. In school, Riva learned about tax law, corporate financing, banking law, accounting, and mergers and acquisitions.

As he quickly grew a passion for the field of financial services, he wanted to push his education even further. That said, he went on to complete two post-graduate programs, one at the Canton Ticino Management Business School and the other at the University of Applied Sciences and Arts of Southern Switzerland. His travels and upbringing allowed him to become fluent in Italian, French, and English. Riva also has citizenship in Switzerland and Italy.

As we fast forward to the 90s, this is when Riva worked as the Sr. Executive, active board member, and operations manager at several affiliated companies worldwide. He gained international experience in many countries, including Canada, Central America, South Africa, Western Europe, and South America.

From 1997 to 2008, Riva was a managing partner for the same companies, helping him climb the ranks as an industry professional. In 2008, Riva launched AUREA Multi-Family Office.

With a long career focused on passion, hard work, and providing value, Raffaele Riva continues to make an impact on those around him.

At the core of Leopoldo Alejandro Betancourt López’s success lies an unwavering commitment to flexibility and adaptability. Throughout his career, he’s consistently demonstrated the ability to identify transformative concepts that have the potential to reshape markets. Whether it’s ride-sharing businesses, eyewear brands, or other ventures, Betancourt López’s approach has remained rooted in the recognition that the business landscape is in a constant state of flux.

“I believe that you have to understand that the world is changing so fast,” he said. “The markets, the appetites, the cultures — everything changes.”

His foresight in identifying change and its implications for markets and consumers has led to a remarkable array of business achievements. This ability to anticipate change has been a driving force behind his success, evident in the various enterprises he has been associated with.

Auro Travel: The Ride-Sharing Revolution in Spain

One of Betancourt López’s most notable ventures is Auro Travel, a Spain-based ride-sharing company he founded upon recognizing an opportunity to compete with established players like Cabify and Uber. However, Spain’s regulations demanded vehicle licenses for such services, a limited and valuable resource.

Undeterred, Auro Travel aggressively acquired these licenses and rapidly expanded its presence, primarily in Madrid. Today, it stands as the largest provider of private car services with drivers in Spain. This seemingly risky endeavor paid off as Auro Travel also launched a division called Arrow, which licenses these permits to other ride-sharing companies operating in major Spanish cities.

Betancourt López’s involvement extends beyond investment; he plays a hands-on role in strategic planning, the selection of key management leaders, and the development, testing, marketing, and launch of the company’s mobile app. “We had the view or the vision before it happened in Spain and we acquired these licenses before the market consolidated, and that gave us a differentiation from competitors because they had to arrive and then the cost of entry or the barriers of entry were much higher for them because they were late in the game,” he shares. “So that’s what gave us the footing.

“And then to go on a step further on that, we built infrastructure, we formed the people that were the drivers. We created a kind of an ecosystem around the service providers that put us in a very, very differentiated position.”

A Career Spanning Varied Industries

Leopoldo Alejandro Betancourt López’s journey through various industries has contributed to his wealth of experience and knowledge. His academic foundation in international economics and business administration from Suffolk University in Boston laid the groundwork for a dynamic career.

One of his first positions of note was as a new business manager for Guruceaga Group, an international trade company, and later served as a director of trading and an executive trader for ICC-OEOC, an oil and gas company. His roles as a director for energy companies, including BGB Energy and Pacific Exploration & Production Corp., equipped him with insights into the complexities of the energy sector.

In 2012, Betancourt López joined O’Hara Administration, an asset management and investment firm, where he currently holds the position of director and controlling party. His responsibilities encompass fundraising and investment strategies involving European banks and institutional investors. He’s a significant shareholder in private equity investments, with a focus on technology, banking, and oil and gas companies.

A Spectacular Turnaround for Hawkers

Certainly, trendy eyewear brand Hawkers believes Leopoldo Alejandro Betancourt López — who has a net worth of $2.6 billion — has the magic touch. The company’s journey began with humble origins as four friends made a $300 investment in 27 pairs of American sunglasses. Their reselling venture was an instant success, and the concept of affordable, high-quality sunglasses with a modest price point was born.

However, operational and logistics challenges plagued the young company. Shipping delays and frustrated customers necessitated a change in direction. Betancourt López recognized the potential of Hawkers and, along with a group of investors, committed 50 million euros (approximately $53 million) to the eyewear brand.

Betancourt López recalls, “It was cool, it was fresh, and we were doing something different than anybody else at the time, which is online social, or social media marketing. And that approach totally disrupted the market in the way we penetrated the market. And I think that that innovation has built a huge brand that is today Hawkers.”

In November 2016, Leopoldo Alejandro Betancourt López assumed the role of the company’s president. His vision extended beyond traditional marketing, and he leveraged innovative tactics, particularly viral and influencer marketing, to propel Hawkers to international acclaim.

The company’s partnership with social media influencers, celebrities, and renowned brands, including the NBA’s Los Angeles Lakers, significantly expanded its reach. Campus ambassador programs, including 5,000 college students with substantial social media followings, further amplified the brand’s presence. Today, Hawkers stands as the third-largest sunglasses brand globally, a testament to the visionary leadership of Leopoldo Alejandro Betancourt López.

The Shining Future

Hawkers’ success story continues to unfold, with a focus on innovation and sustainability. The introduction of the environmentally focused H2O line, featuring biodegradable components and recycled materials, reflects a commitment to responsible business practices.

Betancourt López envisions the expansion of Hawkers into new markets, including the Americas, Australia, and throughout Europe, with a product range encompassing contact lenses and prescription eyewear. The company’s future is set to shine even brighter, guided by the strategic vision of its leadership.

The leadership and strategic prowess of Leopoldo Alejandro Betancourt López are emblematic of a successful entrepreneur and investor. His unwavering commitment to flexibility and adaptability, coupled with a keen ability to foresee industry shifts, has been the driving force behind his ventures. From Auro Travel’s disruptive entry into the ride-sharing industry to the remarkable transformation of Hawkers into an international eyewear powerhouse, Betancourt López’s impact on business is undeniable. As he continues to shape the future of various industries, the business world eagerly awaits the next chapter in his extraordinary journey.