7.14.17
Friday Five Business Briefing – July 14, 2017
A quick roundup of resources to help you run your business better – including wage and spending trends.
- Wages at Midwest small businesses are up 2.75% over the last 12 months according to a survey of 35,000 businesses. Get more wage snapshots here.
- Consumer confidence is the strongest it has been in the last four years The New York Federal Reserve reported Monday. Survey respondents expect to spend 3.3% more in the coming year and are more optimistic these days about finding employment.
- Will kiosks where customers order and pay for fast food be good for businesses like McDonald’s? They say the technology will give employees more opportunities to truly engage with guests.
- Bootstrap your way to a better bottom line is the advice from Silicon Valley entrepreneur Renzo Costarella. His six recommendations for cutting business costs include bartering, taking advantage of free trials and reviewing expenses quarterly.
- For real: MailChimp doesn’t let new hires work during their first week on the job. Find out how their onboarding works and helps keep their turnover rate at just 4% in this article.
Thank you to our Friday Five sources: Paychex, Reuters, Business Insider, Entrepreneur and Fast Company.
Do you have business banking questions? Contact our knowledgeable commercial loan officers or call 800-991-2221. We’re here to help you grow your business!
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