Here’s news you can use in a constantly changing business environment, including the status of Michigan’s minimum wage, optimism levels among Michigan small business owners, the social media trend of “de-influencing” and more.

1. Minimum wage increase blocked — Thwarted by a court ruling, Michigan’s minimum wage will not increase to $13.03 as previously expected. It’s likely that the Michigan Supreme Court will resolve the proposed wage increase.

 

2. Optimism for 2023 — 88% of Michigan small business owners are optimistic that they’ll create new jobs or maintain the same number of jobs this year, according to a Goldman Sachs survey. And, finding and retaining qualified employees is the most significant problem facing small businesses. Learn more about the optimistic Michigan small business survey results.

 

3. Business meals tax break ends in 2023 — Liberal tax rules that allowed companies to deduct the full cost of business meals in 2022 won’t be available in 2023. Discover which meals qualify for your 2022 return and what records you need.

 

4. Get ready for “de-influencers” — The TikTok trend of influencers telling viewers what not to buy, a.k.a. #deinfluencing, means brands are becoming more considerate about who they hire to promote their products. Dive deeper into this viral trend and what it means for the future of influencers.

 

5. Make what you say 20% more memorable — We ‘listen’ with our eyes as well as our ears. “Beat gestures” which emphasize what you say increase listeners’ comprehension and retention of your message. Explore all five gestures and how they can positively affect your communication methods.

Thank you to our Friday Five sources: Bridge Michigan, DBusiness, USA Today, Today and Inc.

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