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Forecasting The Financial Needs Of Your Business

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Forever Mogul Team
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What is it that allows a company to have a strong stand in the market? The obvious answer may be providing quality products and services. Whether big or small, a business also needs to plan for how it will be using its financial resources in the long-term. Financial forecasting allows small businesses to create a strong foothold in the market by effectively taking care of all its financial needs. For big companies, it provides stability and allows them to widen their reach.

Businesses are unpredictable, no doubt. You can never accurately predict how the market may turn out in the future, and forecasting your company’s financial needs will give you the advantage of handling unfavorable business situations. Big companies may have plenty of cash resources, but they may end up wasting them if they do not use them wisely. On the other hand, small firms have to work with limited capital, which makes it even more essential for them to plan how they will be using their money.

What is financial forecasting?

Financial forecasting is about having a financial plan in place. You might be following a monthly budget to ensure that you do not overspend. In the same way, a financial forecast allows you to prepare a budget for your business. A financial forecast works as an estimate for business growth by considering its expected income and expenditures.

Predicting how the finances will be used in the future can get a little tricky, especially for small businesses, as they do not have any trading history. In fact, even as you start predicting your financial requirements, you might end up making inaccurate adjustments. By forecasting regularly, you will be able to come up with accurate financial predictions.

Imagine how lost you would be if you were sailing across the ocean trying to reach a new place without a map? More or less, that is how directionless your business operations can get without planning how you will be utilizing your finances. Forecasting your business’s financial needs can help you achieve your business goals better and allow you to expand your business. It is more of a tool that will enable businesses to analyze where their resources are being used and where they need to be diverted. With accurate financial forecasting, you will gain a tighter grip on your business cash flow. It gives better control over where the money is being spent.

Why do businesses need to forecast their financial needs?

Your business plan is heavily dependent on its financial forecast. If things look gloomy, you will have the chance to improve the areas that need attention. In case it predicts that the business will be thriving, you can at least sit back and appreciate your employees for all the hard work. Also, as an investor in your business, your confidence in the business’s longevity will extend. With a financial plan in place, you will not just be able to achieve the profit you desire, but also know when exactly your business will reach the mark.

However, just forecasting the financial needs of your business is not enough. You will also need to review it regularly and make changes whenever required. Financial forecasts are usually made for one year. So once you complete the period, you need to look back at the predictions and see if the company has managed to achieve them or not. In case you notice that the company did not meet the expectations, study the differences, and take reconstructive steps to solve the issues. If they are too grave to be solved right away, you can always include them in your next budget plan and try to achieve them.

How efficient financial forecasting can help?

Setting up a business may be relatively easy, but surviving the ups and downs of a business is fairly difficult. Most firms that do not have a financial budget or plan in place tend to give in to the various challenges they face. Compare two businesses, one that follows a budget plan and one that doesn’t. You will understand that financial forecasting is just what stands between a bankrupt firm and a flourishing business.

Here is a quick list that explains the number of ways in which forecasting financial needs can help businesses:

  • It helps ascertain the business’s financial viability, which is crucial, especially for small businesses.
  • It allows businesses to create a business development model taking into account all its income and expenses for a certain period of time, usually one year. The model can help businesses predict how it may perform financially and if it needs to modify its strategies or operations.
  • It allows businesses to have complete control over their finances and move towards achieving their financial goal.
  • Serves as a reference for measuring future performance. It can also help determine if the business has enough cash or if it needs to borrow from other sources.
  • It can serve as a helpful tool in getting a bank loan approved. A robust financial plan will make investors and lenders put their trust in the loan repaying ability of your business.
  • It also helps in identifying potential financial risks.

You need to study the market thoroughly to forecast the financial needs of your business efficiently. You will then be able to combine the financial forecasts with your essential financial statements like profit and loss account and balance sheet. If you have just started your business, try forecasting its financial needs every few weeks or at least once a month. Big businesses can take the liberty of coming up with the forecasts on a quarterly basis. In any case, it is essential to revisit your budget plan regularly, make the required changes, and follow them.

Flying Spur Continues To Soar

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Forever Mogul Team
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Bentley Motors has handcrafted the 40,000th example of the world’s most successful luxury sports sedan, the Bentley Flying Spur. Now represented by an all-new third generation, the only thing that remains since the original launch in 2005 is its global popularity. Even the name has changed.

Originally christened the Continental Flying Spur, evolved to Flying Spur to further distinguish the car from the Continental GT, the model has consistently delivered a perfect fusion of performance-orientated agility and exclusive four-door, limousine-style comfort. 

With a bold and exciting road presence that is unmistakably Bentley, plus a luxurious cabin offering unrivalled levels of comfort and refinement, the Flying Spur has satisfied both driver and passengers alike in a manner that no other car can. Seamlessly integrating the very best in British craftsmanship with cutting-edge, innovative technology, the third-generation Flying Spur has become the new Bentley flagship and proudly been hailed as “the best new car in world”.

All three generations of Flying Spur have been designed, engineered, developed and manufactured at Bentley’s home in Crewe, where the production milestone is being celebrated by the skilled workforce of designers, engineers and craftspeople. Each one of the 40,000 cars manufactured has spent more than 100 hours on a dedicated production line where a 250-strong team meticulously assemble every Flying Spur by hand. Once finished and subjected to hundreds of quality checks, the car is shipped to its discerning owner in one of the 68 different countries Bentley operates.

With 40,000 Flying Spurs manufactured in 15 years, approximately 50 per cent have been commissioned by customers in Bentley’s two biggest markets, split evenly between the China and Americas regions. In Bentley’s home market, the UK, the unwavering desirability of the benchmark luxury grand touring sedan has seen approximately 10 per cent Flying not too far from the nest. While proving the model’s truly international appeal, the remaining 40 per cent of cars are being enjoyed by customers in Europe, Middle East and Asia Pacific.

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10 Top Venture Capitalists

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Forever Mogul Team
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Entrepreneurs and emerging startups rely heavily on venture capitalists to obtain funding to pursue their goals in an ever-changing business environment. A venture capitalist can be described as a private equity investor who offers ‘funding’ to up-and-coming businesses showing excellent growth potential in exchange for an equity stake in the company. Venture capitalists fund startup ventures as well as small companies that do not have enough access to equities markets. The primary reason why venture capitalists risk investing in the unknown is because of the possibilities that come to the fore if these businesses turn out to be successful.

Entrepreneurs should be aware of what exactly venture capitalists look for when they choose to make an investment. For starters, venture capitalists look for a solid management team, a big potential market, and uniqueness in the product or service, which can also provide a mighty competitive advantage. Venture capitalists are also attracted to opportunities that allow them to acquire a large stake in a company early on so that they can manage its direction and growth in the market.

Venture capitalists surely have a keen eye for identifying high potential and capitalizing on it, which is why some of the top venture capitalists are extremely rich. Here are some of 2020’s top-most venture capitalists who have found success.

Top venture capitalists

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1. Neil Shen

Neil Shen is currently the most valuable venture capitalist in the world, with a net worth of $1.6 Billion. He is best known as the founding and managing partner of Sequoia Capital China. His latest notable deal with TikTok parent company ByteDance brings him to the top of the list.

2. Andrew Braccia

Andrew Braccia has plenty of experience in the world of venture capital and has his name attached to well-known businesses like Anchor, Cornershop, HotelTonight, and PagerDuty. His latest win came due to the direct listing of Slack, which secured a market capitalization of $19.5 Billion when it went public in June 2019. Braccia, as a member of Slack’s board of directors, led the first investment round, and either led or co-led every following round.

3. Roelof Botha

Next on the list is Roelof Botha, Sequoia Capital’s U.S. practice lead. Botha has a lot of interest in Genetics, given his investments in 23andMe, Pendulum Therapeutics, and BridgeBio, the latter of which was named 2019’s biggest biotech IPO when it went public last year. He also has big investments in other ventures like Unity Technologies, a game development software maker, and Bird, a scooter startup.

4. Ben Horowitz

As the co-founder of Andreesen Horowitz, this venture capitalist made heavy profits last year when Lyft, the ride-sharing app, went public. Horowitz also has investments in other big names like Okta, Databricks, Foursquare, Medium, and TripActions. Recently, due to the outbreak of COVID-19, shares in Lyft and TripActions have plummeted, leaving Horowitz in a tough place.

5. Navin Chaddha

Photographer: Misha Friedman/Bloomberg via Getty Images

Navin Chaddha has been a well-known top venture capitalist for several years now, but his placing on this list comes after his profitable investments with Lyft and CloudSimple, both of which went public last year with an evaluation of $24.3 Billion and $350 Million respectively. Chaddha doesn’t have a specific field of interest and chooses to place his trust in the quality of a company’s team.

6. Richard Liu

Photographer: Billy H.C. Kwok/Bloomberg

This Shanghai-based venture capitalist has witnessed the most growth this year, thanks to his investment in Xiaomi, which has a $30 Billion market cap as of April 2020. Being General Partner at Morningside Venture Capital, his other investments include companies like Agora.io, Xpeng, Horizon Robotics, and several more.

7. Bill Gurley

Bill Gurley led a Series A in Uber, the ride-hailing app, way back in 2011. At the time, Gurley’s firm Benchmark had a massive $6 Billion stake in the company. A few years later, the company was privately valued at $76 Billion, and Gurley got his fair share of the deal. Other exits like Glassdoor and Sailthru, as well as acquisitions of Vessel, DogVacay, and Brighter, has brought him to this position on the list.

8. Mary Meeker

As General Partner at Bond Capital, Mary Meeker led the organization to raise $1.25 Billion in capital commitments in the year 2019. Meeker is known for placing smart bets on Instacart, Airbnb, Slack, Houzz, Square, Facebook, and Twitter. She is also the creator of a popular Internet Trends report, which receives several accolades from all of Silicon Valley when she releases it each spring. Her most notable deal in the recent past is with Spotify.

9. Eric Paley

As managing partner at Founder Collective, Eric Paley earned his name when his company gave in to a seed investment at Uber. His success can be attributed to exits from CoverWallet, Integral Ad Science, Hotel Tonight, Cruise Automation, and The Trade Desk. He has follow-on funding in a wide variety of companies, such as Airtable, Desktop Metal, ThredUp, and more.

10. Hans Tung

Hans Tung is Managing Partner at GGV Capital and is known for his rare international investments. His major investments include Slack, Peloton, and Xiaomi. A partial exit from the valuable ByteDance also adds to his portfolio. His organization has several other investments in several countries around the world and is currently placing bets on the food production and delivery industry.

To conclude

These venture capitalists have made it to the list of the top 10 investors as of early 2020, but due to the complications surrounding the COVID-19 outbreak, several shares have dropped in markets all over. The world has to wait and watch to see which businesses pick up during these unprecedented times and which have to be left behind.

Virgin Galactic Unviels Supersonic Jet

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Forever Mogul Team
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Virgin Galactic, an aerospace and space travel company, has entered the supersonic jet race with Lockheed-Martin, and US start-up Boom Supersonic.

The spaceship company has revealed designs for a supersonic passenger plane capable of flying three times the speed of sound. The supersonic jet will travel at Mach 3, or about 2300 mph. At that speed, it could fly from London to New York in about 90 minutes or London to Sydney in just five hours.

Virgin Galactic
Image courtesy of Virgin Galactic.

Virgin Galactic said that it has been working on a high-speed aircraft design and has signed an agreement with Rolls-Royce to develop the engines. Noting that Rolls-Royce also built the engines that propelled the Concorde into the Mach numbers, slashing the travel time from New York to London roughly in half.

Virgin Galactic’s Chief Space Officer George Whitesides said a “mission concept review” of the supersonic airline design is complete, and engineering will proceed to refine the design “of a high speed aircraft, which we envision as blending safe and reliable commercial travel with an unrivaled customer experience.” 

Image courtesy of Virgin Galactic.

The delta-wing aircraft will have a capacity to carry from nine to 19 people, flying above 60,000 feet. The company said the interior can be customized, including business or first-class seating. Virgin Galactic says the jet could also “lead the way” towards the use of sustainable aviation fuel, which could favorably impact the rest of business aviation.

10 Business Resources for Black Business Owners

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Forever Mogul Team
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Starting a business is not an easy feat to accomplish. Several people have to put a major portion of their life on the backseat to get started with an idea they feel confident about. Throughout their journey, they even take the help of investors and programs to gain an understanding of their field and to help propel their business further. However, is the playing field even for all?

Research suggests that minority-owned businesses are more likely to be rejected from obtaining loans at three times the rate than non-minority businesses. Such a statistic seems so unrealistic in a progressive world like ours. Although complete equality will take quite some time, the scenario has been changing of late. A good portion of businesses across the U.S. and the U.K. are now owned by minorities, indicating a wave of change. 

Here is a list of the best business resources for black business owners.

Funding

Financing is certainly one of the biggest roadblocks for aspiring black entrepreneurs. Here are some organizations that can help –

1. National Association for the Self-Employed (NASE)

NASE currently provides opportunities through its growth grants program that allows entrepreneurs to apply for grants up to $4,000. The funding received through NASE has helped several businesses gather funds for their technology, hiring, and marketing efforts. Applications are open to all small business owners who have a NASE membership without any outstanding dues.

2. Millennial Entrepreneurs Redefined

This program is funded by the U.S. Black Chambers Community Economic Development Corporation and essentially seeks to provide a ‘compete and win’ opportunity to millennials. Applications are open for individuals between 18-35 years of age, who have an innovative business idea, but with less than $10,000 in capital. The winners selected through this program are given ongoing support, mentorship, and consultation to begin their business. The program also hosts a plan and pitch competition where selected individuals can win awards up to $5,000.

3. Operation Hope Small-Business Empowerment Program

The Operation Hope Program was created for helping aspiring entrepreneurs who come from low-wealth neighborhoods, which often hosts several minority communities. Participants can avail of small financing options, along with business training and financial counseling. The training program lasts 12 weeks, and participants are even made aware of credit and money management.

4. Accion International

Accion has been around since the 1960s and is committed in its approach to providing financing for minorities. The international non-profit micro-lender also provides minority business owners with advisory, investing, and partnership services, which will enable them to get their business moving forward.

5. British Business Bank’s Start Up Loans Programme (UK)

The British Business Bank has a loan program that provides a funding boost to London-based entrepreneurs. New figures have revealed that this program has funded a total of £50 million towards UK entrepreneurs from Black, Asian, and Minority Ethnic (BAME) backgrounds. These figures represent almost half of all Start Up Loans offered by the British Business Bank in London.

Business Development Programs

Aside from funding opportunities, several organizations also provide black business owners with business development programs that can help entrepreneurs build their business once they’ve started.

6. National Black MBA Association

The NBMBAA is a non-profit whose goals are centered around offering educational and economic growth opportunities to black entrepreneurs. The year-round programs and events offered to members include training and exposure to new ideas. The network currently has 39 local Chapters, 14,000 members, and 280 partners, making it one of the more easily-accessible programs.

7. Capital Pathways Program

This is a workshop conducted by the Minority Business Development Agency (MBDA) all across the U.S. In the program, minority business owners are educated with credit counseling, entrepreneurship education, and training from several local investors and contractors. The connections and networking opportunities offered by the program help entrepreneurs grow their business and secure the required capital.

8. 8(a) Business Development Program

The 8(a) is one of the more well-known resources available for aspiring minority entrepreneurs. The program offers plenty of resources like access to capital, in addition to monetary assistance. There are quite a few eligibility requirements for business owners to enter the program, which helps to ensure that help goes to heavily disadvantaged people first. One of the primary requirements of the program is that the business should be 51% owned and controlled by a U.S. citizen who has experienced cultural and economic bias based on their race or ethnicity.

9. Black Women Connect

Black women are undoubtedly the most marginalized community in all of the United States. Community programs for black women, in particular, are required to help them gain access to more opportunities. Black Women Connect is one such online community that helps African American women grow their business. The community welcomes business-savvy and career-driven black women to come forward and network with several other like-minded women entrepreneurs. Such a community effort helps these women find jobs, build their business, gain access to funding, and learn more about the business world.

10. National Black Women’s Network (UK)

The National Black Women’s Network focuses on the advancement of women of color in their professional pursuits. The organization hosts several meetings, workshops, and seminars, all of which are focused on helping women learn new skill sets and achieve new goals. The networking events help women meet ideal contacts for their business and build their business in a much better way.

Highest Valued Startups in the World

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Forever Mogul Team
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The chances for entrepreneurs to succeed in this day and age are higher than ever before. Such prospects also bring immense competition between startups to become successful enough to last in the market. Starting a business is no easy feat. It takes plenty of drive and determination to ideate a vision for your company and work towards making it a success. Given that the market is highly favorable for startups right now, it comes as no surprise that many such companies have emerged immensely successful in becoming financially sound.

In the world of finance, a ‘unicorn’ is a privately held startup that has a current valuation of $1 Billion or above. A recent report from CB Insights suggests that there are over 400 unicorn companies in the world as of May 2020. Out of these, about 24 companies have marked a valuation of over $10 Billion, giving them the title of ‘decacorns.’ These amazing figures only go on to show the massive influence startups have in the market.

Here is a list of the current highest-valued startups in the world. Read on.

Startups with the most value

1ByteDance – China – $75 Billion

The highest valued company in the world right now is the Chinese startup ByteDance, the parent company behind the successful TikTok and TouTiao. In the past year, TikTok has become immensely popular amongst people of varied age groups and has currently surpassed Facebook and Instagram for grabbing the highest number of downloads. Toutiao, on the other hand, is a news aggregator app, which was designed using AI algorithms that track the user’s reading habits and optimize content based on the same. The investors behind ByteDance include Sequoia Capital China, KKR, and SoftBank.

2Didi Chuxing – China – $56 Billion

The coveted second spot on the list is secured by yet another Chinese company, which happens to be the country’s leading online-to-offline startup. Didi Chuxing provides its users with food delivery, ride-hailing, and bike-sharing services, and is available to millions of people all across China and other countries as well. The company’s major investors include Tiger Global, Matrix Partners, and SoftBank.

3Stripe – U.S.A. – $36 Billion

Stripe found its success as an online payment platform that allows users (individuals and businesses) to send and receive payments through its services. The investors behind Stripe are CapitalG and Khosla Ventures. Interestingly, the Collison brothers, who are the founders of Stripe, also find themselves on the list of the world’s youngest billionaires.

4SpaceX – U.S.A – $33.3 Billion

This well-known venture belongs to the popular billionaire Elon Musk. The startup was founded in 2002 and achieved ‘unicorn’ status by the year 2012. The venture is a space transportation company, and one of its more popular missions in recent times has been to colonize planet Mars. SpaceX shows immense potential, mostly due to its low cost of rocket launches, which was possible by landing the rockets vertically. The major investors behind SpaceX are Rothenberg Ventures and Founders Fund.

5AirBnB – U.S.A – $18 Billion

While this successful travel and vacation rental business has secured number 5 on this list, the uncertainties revolving around the COVID-19 pandemic have surely raised some doubts. The company’s valuation dropped from a staggering $31 Billion last year to the current $18 Billion in its latest funding round.

6Kuaishou – China – $18 Billion

Kuaishou, the Chinese short video sharing platform, ties with AirBnB on this list by reaching a current valuation of $18 Billion. The platform currently has over 200 million active users, as well as some serious rivalry with TikTok, another Chinese success. The company successfully reached the ‘unicorn’ status way back in 2015. Just like ByteDance, the major investor in Kuaishou is Sequoia Capital, along with Baidu.

7One97 Communications – India – $16 Billion

The only name from India on the list of top 10 highest valued startups is One97 Communications, a popular payment service provider, which operates under the name Paytm. The subsidiary was founded in 2010, and in just five years, achieved the ‘unicorn’ status. The major investors for this venture are Alibaba, Intel Capital, Ant Financial, and Berkshire Hathaway. Currently, the business also operates Paytm Payments Bank and Paytm Mall.

8Epic Games – U.S.A – $15 Billion

Epic Games is a name that is highly popular amongst the younger generation. The success behind this gaming developer lies behind popular releases like Fortnite, Infinity Blade, and Gears of War. The major investors in Epic Games are KKR, Smash Ventures, and Tencent Holdings.

9DJI Innovations – China – $15 Billion

This leading producer of consumer drones and action cameras holds a superior position in the global civilian drone industry with more than 70% market share. The photography and videography company was founded 14 years ago and has products that are used heavily by the music, film, and TV industry, as well as militaries and police forces.

10Grab – Singapore – $14.3 Billion

Grab is a popular food delivery and ride-sharing app based out of Singapore but finds plenty of engagement from users in Indonesia, Malaysia, Myanmar, Vietnam, and Thailand as well. Grab holds the title of being Southeast Asia’s first-ever startup to hit $10 Billion in valuation. Interestingly, Uber holds a 28% stake in Grab.

Conclusion

So, here’s the list of the top 10 highest-valued startups in the world as of today. Of course, times are changing rapidly, and with the current pandemic in full effect, businesses are bound to be affected. Hopefully, such setbacks don’t deter future entrepreneurs from developing ideas that can positively change our daily lives.

Motorcycle: Aston Martin & Brough Superior

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Forever Mogul Team
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The iconic Aston Martin wings appear on a motorcycle for the first time with this exciting new collaboration between Aston Martin and Brough Superior.

Strictly limited to just 100 examples, the track-only AMB 001 represents the union of iconic Aston Martin design and state-of-the-art Brough Superior engineering to create a piece of automotive art for the motorbike connoisseur.

Powertrain

A DOHC 997cc 8-Valve 88-degree V-twin, water and oil cooled, short stroke measuring 94mm x 71.8mm, kicks out a turbo-charged 134 kW (180 hp) at just 180 kilos dry weight.

The AMB 001 represents the first Brough Superior model to be presented with a turbo-charged engine. The powerful turbo gifts the rider with a motor that has an incredible response and huge torque over a wide range of RPM.

The variable geometry turbo is intercooled for increased efficiency and its modern low inertia turbine is specifically designed to avoid turbo lag.

The Transmission includes an extractible 6 speed gearbox an APTC clutch, and a final chain drive.

The timing is driven by a compact short Morse chain and a gear train to ensure precision and reliability.

The engine covers are machined from a solid billet of metal.

The exhaust manifold is manufactured from Inconel, a superalloy chosen for its excellent thermal and mechanical properties.

Chassis

The innovative chassis aggregates the best techniques such as a CNC machined from solid backbone bolted on the V-twin engine which is a fully load-bearing chassis component, combining stiffness with lightness. Then structural carbon fiber rear sub frame and Titanium interfaces are completing this high-tech chassis. 

Wheels are machined from aluminum forgings with their exclusive AMB 001 design.

Specific brake system developed by a racing brake specialist, all the component machined from solid, ball bearing action on the radial master cylinder piston, less effort for strong braking power with a prefect feeling.

Body

The body parts are fully made from carbon fiber, even when non-visible on the painted parts. Some of the body parts are structural and are allowing weight reduction. 

TThe leather seat is handcrafted equally as luxury car interior, with high quality leather and stitching, matching with the handcrafted handlebars grips. 

Derived from the AMR supercars, the Aston Martin Wings logos are made from a thin laser-cut metal sheet and included in the lacquer layers for a perfect finish.

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This Vancouver Home Is – Simply Perfection

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Forever Mogul Team
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Sitting on 0.7-acres this stunning 32,100 sq.ft. property with unobstructed ocean views is – simply perfection. Overlooking English Bay and the North Shore mountains this Vancouver home offers the utmost in privacy for the discerning purchaser.

Garret Cord Werner Architects exceeded the owners’ vision, taking a holistic approach integrating the architecture, landscape, and design simultaneously. This home was built to be unique – a contemporary home ideal for entertaining, yet also family-oriented to cater for children.

The property is constructed from two pavilion-like components connected by a central dining area, creating visual junctures designed for contemplation.

The immaculate grounds feature numerous waterfalls, breathtaking landscaping, koi fish pond while incorporating local art, natural elements, and flora into a true pacific sanctuary. One of the highlights of the garden is a waterfall that cascades into the koi pond at the entranceway to the home, where the floating staircase can be glimpsed rising to the second level. Simplicity reigns throughout, yet it is a warm, child-friendly, and wonderfully entertaining home – simply perfection.

The amenities are just as luxurious as the design and landscape of this home. This home features multiple pools, gym, fitness center, spa and sauna, a game room for the kids, home office, heated driveway, 3-car garage, and so much more. There are so many amenities you wouldn’t need to leave home.

Even if you do want to venture out, the home is close to many other amenities such as the Wesbrook Village Shopping Centre, offering a variety of restaurants, shops, cafes, banks, post office, pharmacy, grocery stores, and much more. Also, the property has easy access to YVR and Vancouver downtown.

The sale price of this home is upon request only. Check out more information about this home with our friends at Christie’s International Real Estate 

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End of an Era: The Final Bentley Mulsanne

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Forever Mogul Team
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After more than a decade, Bentley has ended the production of the final version of the Mulsanne sedan. Initially revealed to the world at Pebble Beach in 2009, the Mulsanne was developed from the ground up at the Crewe headquarters featured a unique exterior and interior design along with a revamped twin-turbocharged 6.75-litre V8 engine.

Since the launch of the Mulsanne, the car has continued to evolve throughout its lifespan. The sedan has seen several refinements and some variations of its own, which of course, required intense skilled labor and time.

Over the last 11 years, over 700 people have invested nearly three million hours crafting Bentley’s ultra-luxury sedan, handcrafting more than 7,300 Mulsannes at the marque’s facility in Crewe, Cheshire.

“The Mulsanne is the culmination of all that we at Bentley have learned during our first 100 years in producing the finest luxury cars in the world,” said Adrian Hallmark, Bentley Chairman and Chief Executive, in a statement. “As the flagship of our model range for over a decade, the Mulsanne has firmly solidified its place in the history of Bentley as nothing less than a true icon. I am immensely proud of the hundreds of designers, engineers and craftspeople that brought the Mulsanne to life over the last ten years. Now, as we begin Bentley’s journey to define the future of sustainable luxury mobility through our Beyond100 strategy, the role of Bentley flagship is passed to the new Flying Spur.”

Unfortunately due to the COVID-19 pandemic typical end-of-production celebrations have been reduced. Instead, Bentley colleagues gathered for socially-distanced photographs with the final cars and marked the departure of Mulsanne by sharing their thoughts of the outgoing Bentley flagship on camera. 

A Mulsanne Speed ‘6.75 Edition by Mulliner’ finished in Rose Gold over Tungsten, heading to a lucky customer in the USA. One extremely special, final Mulsanne remains behind the penultimate car – however, its future home remains a closely guarded secret.

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Flying Fox: New Video Of The World’s Largest Charter Yacht

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Forever Mogul Team
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The 136-meter (446.19-foot) superyacht, Flying Fox, is the largest charter yacht in the world.

The superyacht can accommodate up to 22 guests across 11 staterooms, along with a crew of 54. The cabins include a master suite on the upper deck with a private Jacuzzi and 10 well-appointed VIPs, all with their own private terrace and en-suite bathrooms. 

Flying Fox’s main interior features a beautiful spiral staircase, a large two-floor salon, a wood fireplace, and a vast 22-seat dining table. The superyacht also boasts a cinema room with D-box seats and state-of-the-art surrounding sound, as well as an aft deck with outside Cinema screen. And that’s not all – this comprehensive yacht offers innumerable extras such as a beauty centre, an observation salon and a panoramic exterior salon on the roof deck.

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