The data: About half of small businesses fail within the first five years, and two-thirds close their doors within 10 years. Despite those high failure rates and the harsh effects of the coronavirus crisis on the U.S. economy, entrepreneurship boomed in 2020: business startups grew to 4.4 million – a 24% increase from 2019. The question: Are you a pretender or a contender as … [More]
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COVID-19 Hastened Digital Transformation: How Businesses Can Keep Up
inbusinessPHX.com
The global pandemic forced businesses to put an even greater emphasis on technology to reach customers, interact with employees, and handle any number of other issues. Now there’s no retreating, and those businesses that hope to enjoy continued success must keep their forward momentum going even after COVID-19 fades from the nation’s collective consciousness, says Sri … [More]
Business Failure Is Common, But Don’t Let That 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]
Is Honesty the Best Policy for a Job Exit Interview?
Allison & Taylor
Countless employees have left their places of employment in recent months, a trend that has been accelerated by the advent of COVID-19. Many of these departing employees are confronted with the “exit interview” typically conducted through the employer’s Human Resources department. While this might offer a venting opportunity for a disgruntled or “burned out” employee, there are … [More]
Finding the Hidden Innovators in Your Company: Leonardo da Vinci, Thomas Edison and the Rest of Us
by Susan Robertson
Most people who work in a corporate environment are familiar with some type of personal style indicator — Meyers Briggs Type Indicator, Strengths Finder, DISC profile, and many others. However, there’s a less well-known one that’s particularly relevant and useful in innovation and it is specific to your creative thinking style. At the heart of creativity and innovation is … [More]
The Pandemic-Fueled Panic Attack: What Should We Learn From It?
inbusinessPHX.com
The question: More than a year after the fast-spreading COVID-19 pandemic convinced leaders to shut down businesses, schools, and travel, was it the right thing to do? A thought leader’s take: Tony Zorc says those decisions were short-sighted and too severe considering the COVID-19 death rate was relatively low per number of infections. The author of Iconoclasm: A Survival … [More]
The Importance of Multi-Factor Authentication for Cyber Security
inbusinessPHX.com
With a single click, almost all companies today can suddenly become the target of damaging cybercrimes. Left exposed, sensitive information is used against companies for ransom, leading to compromised customer data, loss of finances, and a tarnished business image. “60% of cyber incidents occur against organizations with less than $150M in sales,” says Ross Ingersoll, … [More]
EN NEGOCIOS: Seis formas en que las pequeñas empresas pueden ayudar a salvar el planeta del cambio climático
por Edgar R. Olivo
¿Ha leído el nuevo informe publicado por el Panel Intergubernamental de las Naciones Unidas sobre el Cambio Climático (IPCC por sus siglas en ingles) que salió esta semana? La información compartida fue devastadora y sirvió como un recordatorio importante de que la crisis climática es real, y todos debemos hacer nuestra parte para ayudar. Cientos de importantes científicos … [More]
Six Ways Small Businesses Can Help Save the Planet from Climate Change
by Edgar R. Olivo
Did you see the new climate change report released by the United Nations’ Intergovernmental Panel on Climate Change (IPCC) this week? The information shared was stark and an important reminder that the climate crisis is real, and we all need to do our part to help. Hundreds of top scientists confirmed climate change is clearly human-caused and “unequivocal,” and the report … [More]
Open Banking Is Often Misunderstood, Offers Possibilities Many Consumers Already Embrace
Axway
A survey by global API Management leader Axway, based in Phoenix, Ariz., reveals half of Americans have never heard of the term “open banking,” but 84% agree with its central tenet that they should have control of their financial data. Open banking is the use of APIs to unlock financial data, enabling third-party software providers and banks to build new, … [More]
Tax Survey: High Taxes Remain a Significant Burden on Small Businesses
NFIB
The NFIB Research Center released today a new tax survey of small business owners assessing their biggest tax challenges, implications of potential changes to the tax code, and how tax policy impacts business operations. Most notably, federal income and payroll taxes are significant costs and administrative burdens for small businesses. “High tax rates have … [More]
What Customers Really Want from Your Brand and How to Give It to Them
inbusinessPHX.com
Getting and keeping a customer’s attention can be a challenge for companies in today’s competitive marketplace. Turning that person’s curiosity into a purchase often hinges on the customer experience, which these days means almost everything. One study shows that 80% of consumers care as much about the experience a company provides as about its products and services. And 54% … [More]
Practical Considerations for Private Employers Considering COVID-19 Vaccine Mandates
by Jessica Post and Jason Nutzman
In Arizona, a number of hospital systems have instituted policies requiring their employees to be vaccinated by November 1. While there have been no known legal challenges to these policies, courts in other states have addressed the issue. Over the past couple of months, courts have upheld vaccine mandates. In the Texas case, 117 employees of a hospital challenged the … [More]
How an Injection of Youthful Wisdom Can Rejuvenate Corporate Boards
inbusinessPHX.com
Maybe it’s not that surprising that corporate boards are a sea of grey, dominated by directors who measure their experience and time of service in decades. After all, it takes more than a few years to rise to a position of such high esteem and responsibility. But when most of the experience in those boardrooms lies in the distant past, the business risks losing touch with … [More]
EN NEGOCIOS: Cómo las pequeñas empresas pueden cambiar su relación con el plástico
por Edgar R. Olivo
No hay duda de que los plásticos han cambiado el curso de la historia y su impacto en el medio ambiente. Desde 1950, los seres humanos hemos producido 8.3 mil millones de toneladas métricas de plásticos, un número que se duplicó en 60 años. ¡Eso es mucho plástico! Los geólogos dicen que esta cantidad de plástico creará un indicador geológico en la superficie de la tierra de la … [More]
How Small Business Can Change Their Relationship with Plastic
by Edgar R. Olivo
There is no doubt plastics have changed the course of history and that they impact the environment. Since 1950, humans have produced 8.3 billion metric tons of plastics. That is a lot of plastic! Geologists say this amount of plastic will create a geological indicator on the surface of the Earth the same way we see markings on the surface of exposed mountains that tell us about … [More]
With Health Screenings, Timing is Everything
by Dr. Darren Wethers
Employee health and wellness has always been important, but now more than ever it is time to encourage your employees and fellow colleagues to catch up on critical health screenings and preventive health visits that may have been delayed due to the pandemic. A recent study by JAMA Network Open revealed that more than 40% of people in the U.S. have put off medical care. … [More]
3 Out of 4 People Want Companies to Use Consumer Consented Data
Invisibly Realtime Research
Online advertising is a billion dollar a year industry, yet one that we’ve found people have strong opinions on. Invisibly surveyed 2240 individuals to better understand people’s general knowledge of how online advertising works, and to see whether they like getting targeted online ads. Highlights 84% of respondents said that they know what browsing cookies are. 75% … [More]
