12.16.22
Friday Five Business Briefing – December 16, 2022
Consumers business services
Do you have business banking questions? Contact our knowledgeable commercial loan officers.
Here’s news you can use in a constantly changing business environment, including economic and population gains in the Grand Rapids area, tips for setting business goals, why it’s more important to engage your employees rather than lay them off and how warmth and competence make you a better leader.
- Grand Rapids’ economic recovery outpaces state — The greater Grand Rapids area is performing better on job recovery than Michigan overall, even though it lags behind the nation. Plus, it outpaces the rest of the state in population growth with a 2.1% since 2019. Discover more about Grand Rapids economic recovery.
- Use a marathon mentality for setting goals — An effective way to set realistic business goals is to approach them as if you were training for a marathon. The first step is to start small and then build from there. Check out these four tips for business goal-setting.
- Approach public speaking more like a jazz performer — Entrepreneurs who step in front of an audience can captivate the audience by thinking more like a jazz musician. Lean how to embrace spontaneity and more unconventional rules for public speaking.
- Worried about a recession? — Don’t turn to layoffs to stay above water. Staffing decisions made in a moment of desperation can have long-standing consequences. The cost of recruiting a new employee can be as much as three or four times the position’s salary, plus there’s the effects on those employees who remain. Discover why it’s more important to engage your workforce rather than let them go.
- Warmth and competence are the keys to leadership — Knowing your stuff and being open, accessible and respectful are the traits to master to be successful in life and business. Discover more secrets about being a great leader from a former Secret Service special agent.
Thank you to our Friday Five sources: Grand Rapids Business Journal, Hive, Inc., Employee Benefit News and Forbes.
Do you have business banking questions? Contact our knowledgeable commercial loan officers online or call 800-991-2221. We’re also available to help in person at your local Consumers office.
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Consumers business services
Do you have business banking questions? Contact our knowledgeable commercial loan officers.
