Having been in the financial industry for over thirty (30) years, Mark Barra serves as managing director of Global Financial Consulting, L.L.C., a U.S. based but internationally focused consulting firm specializing in common sense turn around management. Significant experience in transportation, more specifically Marine transportation, Mark Barra has been a frequent speaker worldwide at trade association events such as Interferry, the World Business Forum and others. Interferry just recently concluded yet another successful conference held October 5-9, 2019 at the InterContinental, London UK also known as the O2. The event broke all records in attendance and brought together delegates from over 260 operating companies for 5 days of education and provocative discussion on the issues confronting the industry worldwide. Highlights of the conference included a Keynote presentation from David Rowen, a writer focused on corporate innovation as well as Guy Platten, secretary-general of the International Chamber of Shipping. The 2020 conference is scheduled for October 2020 in Hobart Australia. More information is available at interferryconference.com
Three Things That Reduce Business Operating Costs
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Connecticut-based executive Mark Barra serves as the managing director of Global Financial Consulting, LLC. Possessing nearly three decades of experience, he has led various organizations through periods of growth, revitalization, and change. During this time, Mark Barra has helped businesses save upwards of $1 million a year by restructuring their operations.
One of the best ways businesses can save money without negatively impacting customers or staff salaries is by reducing operational costs. There are several ways companies can lower their operational costs:
Automate Business Functions
Thanks to regular technological advancements, businesses are capable of automating more and more business functions. By automating different functions, they can reduce the amount of time employees must spend on certain tasks, thus helping them become more efficient. Automation also reduces human error.
Buy Things in Bulk
Usually, the amount of products that businesses purchase will only increase in the future. Because of this, there isn’t really a downside to buying in bulk. Not only will this ensure companies have the things they need to continue operating, but it also helps them make purchases at lower prices, and usually with a bulk-buying discount applied to the final order.
Outsource Secondary Functions
In the long run, hiring a different business or consultant to perform certain business tasks saves companies money. Rather than hiring a full-time, in-house staff member, companies can instead seek part-time or hourly rated workers to complete technology-based tasks or functions related to communications or marketing.
Interferry Conference Promotes Collaboration Among Ferry Professionals
A successful executive with more than 30 years of experience in domestic and international banking and business, Mark Barra leads Global Financial Consulting, LLC, as managing director. Beyond that, he owns two family entertainment centers in Connecticut. Active in the professional community, Mark Barra attends the Interferry Conference every year.
A membership organization representing the international ferry industry, Interferry supports the safety of ships and cargo, fair shipping regulations, open competition, and environmental protection. The organization also facilitates cooperation among members of the industry through its annual conference.
For more than four decades, Interferry has been hosting its annual conference. This event is open to everyone, but it predominantly attracts current Interferry members. By attending the event, professionals not only gain first-hand experience with the organization, they also receive opportunities to meet with colleagues from around the world and learn about what’s new in the industry.
Since its first year, the Interferry Conference has been held in a variety of locations. These include Seattle, Hong Kong, Vancouver, Sydney, and London. The global nature of these conferences helps professionals from around the world stay active in the organization regardless of where their base of operations is. Alongside this global variation, Interferry Conferences also feature a range of themes, such as innovation.
Interferry has scheduled is 45th Annual Conference for October 24 to 28, 2020. It will be held at the Grand Chancellor Hobart hotel in Hobart, Australia.
Global Financial Consulting Offers Financial Marine Services
Financial consultant Mark Barra holds a bachelor’s of science degree in finance from the University of Connecticut and an MBA from the University of Arizona. Mark Barra is the founder, managing director, and president of Global Financial Consulting, LLC in Sandy Hook, Connecticut. He specializes in profit maximization, outsourcing, accounting, and operational management, among others.
An internationally diversified consulting firm, Global Financial Consulting helps struggling operational companies improve profit and revitalize business success. In addition to financial consulting and training in transitional management and credit administration, Global Financial Consulting offers services for the commercial marine industry.
Marine industry services at Global Financial include management for ferries, water vessels, and pleasure yachts. Moreover, the company offers a full suite of marine advisory services that draw upon nearly three decades of international marine management experience. The services include temporary assignment of management teams, reorganization and restructuring, contracting, and ship management. For further information on marine services at Global Financial, visit www.gfcllc.com.
Mark Barra 