Have you heard of The Great Resignation? This concept began around March 2021 when Microsoft released its Work Trend Index report and an associate professor at Texas A&M University coined the phrase in a viral Bloomberg interview. The report stated that 41% of the global workforce is likely to consider leaving their current place of employment within the next year. Later, … [More]
You are here: Home / Archives for Featured Stories
Minority-Owned Businesses Are Rising Out of the Pandemic
by Ed Aaronson
According to the Arizona Hispanic Chamber of Commerce, minority-owned businesses are unique in that 56 percent are family-owned seeing an average revenue of $110,000 compared to non-minority-owned businesses that generate $500,000 on average per year. The stakes are higher for minority-owned businesses in Arizona because the success of the family is directly tied to the … [More]
Beyond Mentoring: The 3 C’s – Coaches, Champions & Cardinals
by Jill J. Johnson, MBA
People who achieve career success often talk about having had a mentor who guided their career. Whether the mentoring relationship evolves naturally or is a planned relationship, it provides a sustained link between the two individuals. Everyone needs help learning new skills and imagining things they could have never conceived of on their own. Yet there are three other types … [More]
The Wild Start-Up Ride: How Entrepreneurs Can Stay Up through the Downs
inbusinessPHX.com
The COVID-19 pandemic shut down brick-and-mortar businesses all across America through parts of 2020, but surprisingly, it blew the doors wide open for start-ups. Americans filed paperwork to start 4.3 million businesses last year, the most since the United States Census Bureau began tracking new business creation in 2004, and the momentum continued through the first half of … [More]
An Entrepreneur’s Journey of Risk, Resilience and Rewards
by James Webb
My big career change came at the height of my former career. I had a calling, one that arose from my belief in opportunity and an innate trust in my gut instinct when it came to life-altering decisions. I was 38 and chief operating officer/president of a medical imaging company in South Florida. A physician friend asked me if I thought our company would want to be one of the … [More]
Are You Behind in Saving for Retirement? Tips to Get Each Generation on Track
inbusinessPHX.com
The data: A survey shows nearly six in 10 workers save less than 10% of their income, and most over age 40 aren’t putting enough money away to build sufficient retirement savings. The question: What are some dynamics about saving that different age groups should think about when putting aside money for retirement? Expert’s take: “People should start saving for retirement … [More]
5 Lessons in Leadership from Simone Biles’ Olympic Decision
by Jeanet Wade
I want to start this discussion by saying I have no idea what really happened at the Olympics. Most of us probably don’t know what was said or done and fewer will ever know what was happening for the human beings who were part of the decisions, actions and events around Simone Biles’ withdrawal from the women’s gymnastics all-around final competition. What I do want to … [More]
Your Business Can Thrive, But You Can’t Do It Alone
inbusinessPHX.com
Entrepreneurs and business leaders often have such traits as being motivated, creative, visionary, and highly driven. While those qualities are great and necessary in the business world, they can also be dangerous. This is because entrepreneurs are often so driven that they want to do everything on their own. It’s important for them to remember that they can help their business … [More]
Entrepreneurs: Failure Happens, But Don’t Let It Stop You!
inbusinessPHX.com
New businesses fail by the thousands. They open to great fanfare in a strip shopping center, on a downtown street corner, or perhaps in someone’s garage. Then quietly they vanish, victim to a weak economy, poor planning, limited resources or simply because the entrepreneur’s vision was a bad idea right from the get-go. Yet, despite the potential woes involved in launching … [More]
Help for the Horrible Hybrid Meeting: Five Ailments and Remedies
by Kate Zabriskie
Some people are in the office, some are home, others are on the road, and they’re all part of the same meeting. Who is looking forward to this hybrid get-together? Nobody, absolutely no one. What makes these blended meetings so bad? A lot of the same factors that cause in-person confabs to go south plus some new complications brought to us courtesy of the virtual world. What … [More]
Can Gig Apps Help Reduce Labor Shortages?
by Wayne Goshkarian
The pandemic devastated businesses in all industries last year, leaving many unemployed. In fact, at the height of the pandemic more than 1.6 million Arizonans were collecting unemployment in June 2020. Now more than a year later, many businesses are fully open but are struggling to hire new employees despite companies offering incentives like sign-on bonuses and improved pay. … [More]
Is Your Company In Culture Shock? How Leaders Can Practice What They Preach
inbusinessPHX.com
As many workers flee their current jobs, burnout and lack of growth opportunities are being cited as two of the biggest reasons. These changing work dynamics and employee perspectives, caused by the COVID-19 pandemic, are highlighting the importance of having a strong work culture that’s sustainable, says David Friedman, author of Culture by Design: How to Build a … [More]
Counterfeit Money: How to Spot Fake Bills
ZenBusiness
When retailers accept fake bills, they bear the entire burden of the loss. And although money printing techniques are improving, the bad bills can be detected. Here’s how to spot counterfeit money and protect your business from related losses. Unfortunately for businesses, not all counterfeit bills are found and seized before getting into distribution. And when a business … [More]
Putting Business Superpowers to Use in Times of Need
inbusinessPHX.com
Airbnb saw an opportunity to render support when turmoil spread across Afghanistan as the U.S. announced withdrawal of military forces. The company offered to temporarily house as many as 20,000 Afghan refugees globally, with Airbnb’s chief executive expressing hope that others would be inspired to follow the company’s lead. The move was just one example of how many … [More]
EN NEGOCIOS: 3 áreas clave que la nueva ley de infraestructura ayudará a las pequeñas empresas
por Edgar R. Olivo
Se está generando entusiasmo en torno al nuevo acuerdo de infraestructura bipartidista que se aprobó en el Senado de los EE. UU. el 10 de agosto de 2021, también conocido como la Ley de Empleos de Inversión en Infraestructura, como parte del plan “Reconstruir mejor” del presidente Biden. Este proyecto de ley asignaría $1.2 billones en nuevos gastos para carreteras, puentes, … [More]
3 Key Areas the New Infrastructure Bill Will Help Small Businesses
by Edgar R. Olivo
Excitement is building around the new bipartisan infrastructure deal that was passed in the U.S. Senate on August 10, 2021, also known as the Infrastructure Investment Jobs Act, as part of President Biden’s “Build Back Better” plan. This bill would allocate $1.2 trillion in new spending for roads, bridges, public transportation, electric vehicle charging stations, broadband … [More]
It’s an Employee’s Market, Here’s How to Keep Them
inbusinessPHX.com
Have employees ever had this much leverage? Employers are struggling to fill jobs in the wake of “The Great Resignation.” There were a record number of U.S. job openings in June – over 10 million – as nearly four million Americans quit in that month alone, reflecting confidence they can find better positions and places to work. Many employers are having to compete for … [More]
Can You Actually Live Off Rental Income?
by Phil Cord
It is safe to say that renting property is one of the easiest ways to become financially independent. For starters, a potential landlord needs to do proper research and check the state of the local housing market, as well as figure out what is a probate bond. Later on, one needs to find trustworthy tenants and take care of the basic maintenance work if need be. However, it … [More]
