Getting your life back on track after a major crisis is never easy, but it’s perhaps even tougher when your reputation is on the line. Carlos Legaspy, owner and CEO of Insight Securities, knows about such trials and tribulations. When he blew the whistle on a massive Ponzi scheme run by a company his firm had provided services to, the fraud’s perpetrators shifted the blame … [More]
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Home Buyers Gaining Time and Options as Competition Eases
inbusinessPHX.com
Home shoppers are finding more options to choose from, more time to make decisions and even price cuts in some areas, according to Zillow's® latest market report1. That's largely because intensifying affordability challenges are thinning competition from a crowded field and giving newfound leverage to those who remain. "Those who can weather this storm of … [More]
Why Businesses That Embrace Diversity Will Have An Edge In Tough Economic Times
inbusinessPHX.com
As economists fret about a looming recession, business leaders who vowed to make diversity, equity and inclusion (DEI) a priority this year may be tempted to put those efforts on hold while they focus on business fundamentals. But that would be a mistake, because DEI isn’t just a feel-good initiative; it’s a significant contributor to business success, says Dr. Nika White, … [More]
New Spaceship Manufacturing Facility in Mesa
inbusinessPHX.com
Virgin Galactic Holdings, Inc., an aerospace and space travel company, today announced it has signed a long-term lease for a new final assembly manufacturing facility for its next-generation Delta class spaceships. Located in Mesa adjacent to the Phoenix-Mesa Gateway Airport, the facility will be capable of producing up to six spaceships per year and will bring hundreds of … [More]
Home Supply Up for the First Time in Nearly 3 Years
inbusinessPHX.com
The number of homes for sale nationwide in June rose 2%, the first annual increase since July 2019, according to a new report from Redfin, the technology-powered real estate brokerage. Supply has built up as the combination of 5.5%-plus mortgage rates, high home prices and a faltering economy push more buyers to the sidelines, thereby creating a more balanced market. Home … [More]
EN NEGOCIOS: Cómo redactar su declaración de capacidad de una página para su pequeña empresa
por Edgar R. Olivo
Crear un currículum para encontrar trabajo es uno de los primeros pasos que dan los candidatos para atraer empleadores. Las pequeñas empresas deben hacer lo mismo para conseguir un gran contrato mediante la preparación de una declaración de capacidad. Una declaración de capacidad es un documento conciso de una página de sus competencias comerciales. Sirve como un currículum … [More]
How to Write Your One-Page Capability Statement for Your Small Business
by Edgar R. Olivo
Creating a résumé to find a job is one of the first steps candidates do to attract employers. Small businesses must do the same to land a big contract by preparing a capability statement. A capability statement is a concise, one-page document of your business competencies. It serves as a résumé for your business. It provides specific information that will convince potential … [More]
Small Business Expectations for Future Conditions Hit All-Time Low
inbusinessPHX.com
The NFIB Small Business Optimism Index dropped 3.6 points in June to 89.5, marking the sixth consecutive month below the 48-year average of 98. Small business owners expecting better business conditions over the next six months decreased seven points to a net negative 61%, the lowest level recorded in the 48-year survey. Expectations for better conditions have worsened every … [More]
Midyear Report Reveals Latest Construction Trends in North American Cities
inbusinessPHX.com
International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its midyear Quarterly Cost Report, providing an on-the-ground picture of construction activity in 14 key North American markets and data-driven insights into the industry for the second quarter of 2022. Like many industries right now, the construction industry is facing a … [More]
Housing Markets in the West Cooling Quickly, Including Phoenix
inbusinessPHX.com
Five of the 10 U.S. housing markets that have cooled fastest this year are in northern California–San Jose, Oakland, San Francisco, Sacramento and Stockton–and three of those five are in the Bay Area. All 10 of the housing markets cooling fastest are in the American West. The cooldown is largely because mortgage rates nearly doubled in the first half of the year, reaching … [More]
Arizona Moves Past $4 Billion in All-Time Sports Wagering Handle
by Chris Altruda
Arizona continued its impressive first full year of legalized sports wagering, becoming the 11th state to surpass $4 billion in overall bets after the state’s Department of Gaming reported nearly $513 million in handle for the month of April. The Copper State reached the milestone in just eight months and has cleared $500 million handle in three of the first four months of … [More]
Trending: Fashion Sustainability in Arizona
inbusinessPHX.com
For decades, the global fashion industry has been plagued by inefficient and wasteful processes. A few Arizona fashion reformers are working to change that. In 2016, Angela Johnson, an eco-friendly clothing designer, and Sherri Barry, a former design entrepreneur and executive, founded FABRIC, a non-profit fashion incubator to create a reliable resource for emerging … [More]
California Firm Acquires Metro Phoenix Industrial Park for $38 Million
inbusinessPHX.com
Newport Beach, CA-based BKM Capital Partners, a vertically integrated institutional fund manager, acquired Mesa Ridge Business Park in Metro Phoenix for $38,350,000. The 153,000-square-foot light industrial park includes seven buildings in North Mesa and was sold by Mesa Ridge Business Park I, LLC, a company formed by Randall Investment Group, Michael Wilson, and Eric … [More]
3 Real Estate Investment Tips for High Passive Income
inbusinessPHX.com
Real estate has unique benefits thanks to its ability to use leverage and the opportunity for passive income to grow over time. While you certainly need some capital upfront to get to the $50,000 mark, here are three simple ways you can do it. A luxury real estate agent with RETSY can dive into tips like: · Buy a long-term rental property: You can raise rents to match … [More]
Are You in Fear of Failure? How a Shift in Mindset Can Change That
inbusinessPHX.com
As a teenager, Steven Spielberg longed to attend one of the prestigious film schools at UCLA or USC, where he hoped to create the foundation for a future career as a movie director. Unfortunately for Spielberg, these top-flight universities saw only poor high school grades and no potential, so they rejected him – multiple times. As a backup plan, he enrolled at California … [More]
Stressed Out Financially? 3 Tips to Reduce the Worries
by John L. Savarino
A perfect storm of world events is understandably triggering financial stress in the vast majority of Americans. In a recent survey by the American Psychological Association, more than 80% of U.S. adults said they were feeling increased financial stress due to: Higher inflation (87%) Ongoing supply chain issues caused by the pandemic (81%) Global uncertainty due to … [More]
How Taking a Self-Inventory of Your Health Could Save Your Life
inbusinessPHX.com
A recent WebMD survey found that many adult Americans know astonishingly little about their own health. For example, 39 percent were flummoxed when asked if they knew their blood type. Only about one-third said they know a lot about their family’s health history, and a quarter said they know little or none of it. That’s concerning because the more that people know about … [More]
5 Benefits Leaders Will See with New Employee Accountability Mindset
inbusinessPHX.com
With consumers besieged by high inflation, soaring gas prices and rising interest rates, more businesses may start feeling the brunt of these economic pressures, which makes getting the best results they want out of their employees as important as ever. But how can leaders hold their teams accountable in ways that drive performance without driving people away? After all, … [More]
