4.16.21

Friday Five Business Briefing – April 16, 2021

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Here’s news to help you in a constantly changing business environment, including where Michigan ranks for new businesses, how to boost productivity and a how a scavenger hunt could boost Mother’s Day sales.

  1. Michigan entrepreneurs in the Top Ten — Actually, we’re #9 in a list of top states for new businesses created between February 2020 and February 2021—an increase of 56%. Get the whole story.
  2. Twittersphere opens more conversation — Twitter is bringing a Clubhouse-like audio chat feature called Spaces to users this month. See how it works.
  3. Microbreaks and Mondays off for higher productivity — New research shows that taking many microbreaks of less than 10 minutes each can boost productivity. Meanwhile, Fast Company reports how a four-day work week forces people to re-evaluate their calendar, eliminate unnecessary meetings and prioritize better.
  1. Change in leadership style grows revenue 1,500% — The pandemic crisis showed a startup founder that candid feedback in the moment followed up with asking how he can help is more effective than his former passive style. Read how he leads now.
  1. Boosting sales for Mother’s Day — In response to lower sales due to the pandemic, struggling businesses in Charlotte, North Carolina, are using scavenger hunts to encourage people to visit their locations. Just before Mother’s Day, over two dozen businesses will give away prizes to hunters that would make good gifts for moms—and get more foot traffic in their shops and restaurants. Read or listen to the details and maybe organize a scavenger hunt in your town.

Thank you to our Friday Five sources: Grand Rapids Business Journal, The Verge, Acorns Grow, Fast Company, Inc. and The Charlotte Observer.

Do you have business banking questions? Contact our knowledgeable business development managers online or call 800-991-2221. We’re also available to help in person at your local office.

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Consumers business services

Do you have business banking questions? Contact our knowledgeable business development managers.

Learn more

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