Friday Five Business Briefing – August 10, 2018


Two young men in suits shaking hands in an office

Here’s news to help you run your business better, including Michigan’s economic outlook, how to make a good first impression, how to protect your business from cybercriminals and more.

  1. Michigan’s financial and economic outlook boosted—Standard & Poor’s increased the state’s credit rating from AA- to AA with a “stable outlook.” Their late July report recognizes that the state has taken action to manage its economic volatility through increasing its reserves, aligning budgets and adopting pension reforms.
  1. Smile! You’re making a first impression—Seven seconds is all it takes for someone to get solid impression of who you are. Find out how to make the most of your seven seconds.
  1. Cybercriminals have small business in their sights—Almost half of all cyber-attacks are directed at small businesses because they have a lot of valuable sensitive information. This video from TechRepublic shows how you can reduce your digital security risk.
  1. Replacing employees is costly—Before you let an employee go, ask these nine questions to make sure you’ve exercised every option for repositioning an underperforming employee.
  1. Will LinkedIn revive voice messaging?—LinkedIn now features one-minute voice messaging. Could this be the next big thing in business communication or just another digital reminder we ignore?

Thank you to our Friday Five sources: State of Michigan, Forbes, TechRepublic and Small Biz Trends.

Do you have business banking questions? Contact our knowledgeable business development managers or call 800-991-2221. We’re here to help you grow your business!

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