We get how tough it is when the cost of goods is in flux. Increasing tariffs and supply expenses both stand out as business concerns in recent Principal research. The good news? There are ways to help protect your bottom line. Through a Group Purchasing Organization (GPO), you can lock in better rates on the materials your business needs to thrive. Learn more at http://ms.spr.ly/6041tNMmT
Elevate by Principal
Business Consulting and Services
A platform dedicated to helping small and midsized businesses grow.
About us
Elevate by Principal is a free digital platform that brings together personalized support, data-driven insights, and discounts on products and services designed to maximize the growth and value of small and midsized businesses. Our concierge team is ready to help business owners navigate the platform, uncover growth levers, and get connected to our trusted Strategic Partners, powerful tools, and tailored resources. Group purchasing organization offered through OMNIA Partners and Premier, Inc. and are not affiliates of any company of the Principal Financial Group®. Elevate by Principal is a trade name for Business Owner Ecosystem, Inc. Insurance products issued by Principal National Life Insurance Company (except in NY) and Principal Life Insurance Company®. Referenced companies are members of Principal Financial Group®, Des Moines, IA 50392. Additional products and services may be offered through Strategic Partners that are not member companies of Principal Financial Group®.
- Website
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https://elevatebyprincipal.com/
External link for Elevate by Principal
- Industry
- Business Consulting and Services
- Company size
- 11-50 employees
- Specialties
- Financial Services, Group Purchasing, and Small Business
Updates
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We understand it's a challenge to manage the minor, unplanned purchases that add up fast. That’s “tail spend,” and in today’s economy, every dollar counts! SMBs like you are taking control with these strategies: ✔️ Centralizing purchasing platforms ✔️ Implementing clear spending policies ✔️ Tapping into the buying power of a Group Purchasing Organization (GPO) Swipe to see what you can do to manage tail spend. 🔗 http://ms.spr.ly/6047tbaph
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95% of SMBs report being affected by inventory or supply chain disruptions, based on our recent research. Managing costs without compromising your team or customer experience isn't easy, but it's possible. Many of you also find that a Group Purchasing Organization (GPO) can help you cut costs. 🔗 http://ms.spr.ly/6049tbaJZ
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Even with the macroeconomic uncertainty you’re facing, more than one-third of you prioritize benefits so strongly that you won’t consider cutting them. This was by far the top answer to what SMBs say they'll “never” do in the Principal Financial Well-Being Index℠ survey (July 2025). Get more insights from our recent research: http://ms.spr.ly/6043tba1b
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Investing in employee financial literacy like this can go a long way—especially for smaller businesses.
As an employer, you show up for your team with much more than a paycheck 🤝 Our research shows that your investment in financial education and retirement planning resources can create a virtuous cycle: 1️⃣Employees tend to make more informed decisions about debt, savings, and retirement. 2️⃣This can lead to improved financial health and reduced financial stress. 3️⃣Less stressed employees can be more productive and engaged at work. https://lnkd.in/e3cQ5bMp
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Small business owners: Did you know 72% of you are facing increased costs … but only 53% have raised your prices? 📊 We're seeing business owners working hard to protect their customers from rising costs … but that often means absorbing expenses instead of raising prices. See what else is on the minds of small and medium-sized businesses (SMBs). http://ms.spr.ly/6043sskHW
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Considering offering a workplace financial education program? Explore how it could be a win-win for your employees and your business👍
Workplace financial education isn’t just about employee well-being. It’s a strategic investment in business and economic ✨resilience✨ “When employees understand how to manage debt and make confident financial decisions, businesses tend to experience lower stress and greater productivity,” says Teresa Hassara, SVP of Retirement and Income Solutions at Principal®. So, as a business leader, what can you do? “Consider offering financial education workshops and encourage participation in retirement planning and budgeting programs,” she says. Swipe to see the impact👉 http://ms.spr.ly/6048s7RP4
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Rising tariffs and material costs keeping you up at night? You're not the only one. 42% of small and medium-sized business (SMB) decision makers are worried about increasing tariffs … … 37% are concerned about rising supply costs. We understand how hard it is to keep an eye on increasing costs, making it a challenge to plan with confidence. See what else SMB leaders are saying in our latest research. 🔗 http://ms.spr.ly/6047ssk1v
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As a small business owner, agility is your superpower. Amy Friedrich shares 3 ways to keep trying to make progress despite all the uncertainty.
I've heard the theme loud and clear this year: Uncertainty makes planning more challenging for businesses. As someone who talks to a lot of business owners, I hear the tough calls you're making. But remember this: Agility is your superpower. As a smaller business running your team on a first-name basis, you can pivot faster. So, use that superpower. Here are 3 ways to battle uncertainty. 1️⃣ Stay close to your customers. They got you to where you are now. Understand their needs and challenges, and double down on these existing relationships as your foundation during uncertain times. 2️⃣ Remain invested in your talent. Your people are your biggest asset and key differentiator—especially in times of uncertainty. And retaining them is key. 3️⃣ Protect your cash flow. Keep focused on the basics and prioritize your spending. Work with trusted experts to keep costs in check as you explore new revenue streams. You can find more ideas to help you keep making progress at principal.com/business.
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Are rising costs squeezing your business's cash flow? You're not alone. Small and medium-sized businesses (SMBs) are feeling the pressure: Cash flow confidence has dropped from 78% to 64% in just 9 months. Feeling the full weight of new tariffs, business owners face an unpredictable economic landscape that may impede their planning—making the path to sustained growth feel uncertain. See what else is on the minds of SMBs: http://ms.spr.ly/6043sskDl
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