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Bloomberg
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Morocco Mulls First Islamic Bond in Years, Says Monetary Chief
Morocco may sell Islamic bonds in 2025 after a seven-year hiatus, the central bank governor said, amid an investment drive for the men's football World Cup in 2030. The government is 'studying' a new sukuk before the end of this year, Governor Abdellatif Jouahri said to Bloomberg on the sidelines of an Islamic finance conference in Rabat on Thursday. He did not say whether the issuance would be in a foreign or the local currency.
Associated Press
20 minutes ago
- Associated Press
The $10,000 Mistake YouTubers Are Making: MilX Reveals Hidden Financial Leaks in Creator Earnings
CLAYMONT, DE / ACCESS Newswire / July 3, 2025 / New research from MilX, a fast-growing fintech platform for creators, has uncovered a costly trend among U.S.-based YouTubers: avoidable financial mistakes are causing creators to lose up to $10,000 per The findings, released as part of MilX' s 2025 Creator Finance Study, shine a light on three critical areas where creators are leaking money: freelancer payments, currency conversions, and tax compliance. 'Most creators lose money simply because they don't know better options exist. With tools like zero-fee P2P payments by MilX, they could save thousands every year.' - Paul Lekhnovsky, CEO of MilX Freelancer Payments Take a typical successful U.S. YouTube creator: 300,000 subscribers, 2.5 - 4 million views monthly, earning between $14,000 and $60,000 per month through AdSense, sponsorships, and memberships. YouTubers at this level usually work with remote production teams - editors, designers, writers. MilX research shows that many pay these freelancers through PayPal, incurring: For a creator spending $1,500/month on freelancers, that's $110-$120 in fees per month. Currency Conversions Losses Many creators still get paid in the wrong currency: every conversion takes 2-4%. That might not seem like much, but over time it adds up - $500 to $1,000+ a year, gone. MilX fix: Convert once, at real-time FX rates, in the currency you actually use. Tax Filing Errors When you're a YouTuber, your revenue might come from multiple sources - AdSense, sponsors, affiliate links, merch, and fan support. But the IRS sees it all as taxable income. Don't forget to: Skipping any of these steps can lead to penalties, backup withholding, delayed payments, or even an audit. Skipping Deductions Not claiming business expenses can cost you even more. Here are a few examples creators often overlooked on tax returns: Missing these deductions alone could mean paying taxes on $7,000 to over $12,000 you didn't have to. MilX Helps Creators Keep More of Their Income MilX is designed to help creators access their YouTube earnings faster and manage their funds more efficiently - without losing money to unnecessary fees or delays. 'The $10,000 mistake is 100% preventable,' said Paul. 'We built MilX so creators can stop leaking cash and start building wealth.' MilX Co-founder Paul Lekhnovsky will attend the Europe 2025 FinTech Awards in London on July 3, where the company is a finalist in two categories: Startup of the Year and Disruptor of the Year. Contact InformationMedia Contact SOURCE: MilX press release
Forbes
30 minutes ago
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CLASS: Culture, Leads, Accountability, System And Support
Daniel is an entrepreneur, founder & CEO of MyOutDesk devoted to providing growing companies with proven, reliable virtual assistants. As a colleague and I racked up the miles on a sunbaked stretch of highway outside of Roswell, New Mexico, we weren't thinking so much about alien conspiracies and secret government bases. Instead, we found ourselves dissecting what really propels a sales organization from 'good' to 'category-defining.' This wasn't just road-trip chatter; we've both spent years in the trenches, building teams, closing deals and learning (sometimes the hard way) what works and what doesn't. Somewhere between pit stops, we realized we'd arrived at a shared framework, one that we've both tested, broken and rebuilt across thousands of real estate transactions and multiple business lines. We call it CLASS: culture, leads, accountability, systems and support. Nail all five, and growth feels inevitable; miss even one, and friction shows up fast. Culture: The Nonnegotiable Culture isn't pizza lunches or happy-hour selfies. It's clarity of vision and the willingness to protect that vision at all costs. If even one top performer tramples your core values, the entire group sees the compromise and standards can slide. Keep culture tight by: 1. Posting the annual team vision where everyone can see it, then revisiting it quarterly. 2. Pairing every KPI review with a personal "why" check-in. Numbers matter, but so do the lives those numbers fund. When vision is explicit, peer-to-peer accountability kicks in. I no longer need to police behavior; the team handles drift long before it lands on my desk. Leads: Fuel With A Dashboard, Not a Fire Hose Handing someone 1,000 internet leads without a success rate is cruelty masquerading as generosity. My organization publishes our conversion math up front: a 3% appointment rate on cold leads and a 30% face-to-face close rate once the meeting happens. Every "no" is worth roughly $20 in future commission, so rejection becomes a deposit, not a deduction. I've found that this simple reframe keeps morale high and pipeline math honest. Accountability: Mirror First, Metrics Second Our one-on-ones open with cameras off for five minutes of real life: family, health, mindset. Only then do we flip the camera on and pull the numbers: calls, connections, contracts, even date nights. If a goal lives on their sheet, it's fair game. Accountability without empathy feels like punishment; empathy without numbers feels like a hug that never pays the mortgage. It's best to choose both. Systems: 95% Automated, 5% High-Impact Human A referral event for 6,000 past clients takes our marketing machine months to orchestrate, yet the agent's total 'life' is a handful of personal calls and face-to-face handshakes the day of the party. The 5% human effort delivers 95% of the client loyalty. If a task can be templated, delegated or triggered by software, it comes off the salesperson's plate. The result: they negotiate, prospect, follow up and sharpen skills. Nothing else. Support: Trust That Frees Talent The hardest leap for top producers is surrendering control to a support team they can't yet 'see.' We solve that with explicit SLAs, weekly department huddles and KPI scoreboards that make all the behind-the-scenes progress fully transparent. When agents realize 95% of the transaction is handled better (and faster) by specialists, they lean in rather than hold on. Scaling Signals: When To Rebuild Your CLASS Growth isn't a straight line; it's a staircase. Every time we jumped from 50 to 100 transactions, then 100 to 500, something in the CLASS broke: Lead flow overwhelmed systems or culture lagged behind a rush of new hires. The pain is the indicator: Either hire for where you're going or revamp the pillar that's buckling under pressure. Here is a quick diagnostic you can use: 1. Culture: Do standards slip for rainmakers? 2. Leads: Are reps drowning or starving? No one should be both. 3. Accountability: Are one-on-ones coaching sessions or coffee chats? 4. Systems: Is admin time creeping above 5% of a rep's week? 5. Support: Do producers still type their own contracts? You're late. Stewardship Over Ownership Early on, I set myself a personal "allowance" and treated surplus revenue as the company's, not mine. That discipline allowed us to hire ahead of need, weather market downturns and keep our promises to the people rowing the boat—even when transaction counts dipped 40% to 50%. Teams sense fiscal stewardship; it breeds loyalty that bonus checks alone can't buy. The Leader's Mandate • Cast a horizon worth chasing. Paint the future so vividly that your best people can't imagine building it anywhere else. • Equip talent to outperform the plan. Embed clear KPIs, repeatable playbooks and ongoing coaching so every producer knows exactly how to win; then watches the scoreboard to prove it. • Scale yourself first. Keep learning, delegating and reinventing fast enough that no one on the team "graduates" beyond your leadership capacity. Your growth ceiling sets theirs. CLASS isn't theory. It's the operating system I trust with my livelihood, reputation and, most importantly, the families my businesses serve. Master the five pillars, and growth stops feeling like a gamble; it feels inevitable. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
