6.10.22

Friday Five Business Briefing – June 10, 2022

Tags:

Young, female Black business professionals sit around a conference table as they collaborate.
Consumers business services

Do you have business banking questions? Contact our knowledgeable commercial loan officers.

Learn more

Here’s news you can use in a constantly changing business environment including the trend in West Michigan’s retail rent rates, how the war in Ukraine could affect the economy, how to spot the talent in your organization and more.

  1. Get ready for higher commercial rent — A new report indicates that retail real estate is recovering from pandemic setbacks. Around the Grand Rapids area, asking lease rates are now $13.91/square foot; that’s up from $13.44 last quarter. Learn more about the anticipated commercial rent increases.
  2. The economic implications of Russia’s war on Ukraine — A diminished role for the dollar, recognizing that privatization doesn’t always mean prosperity, and limits to globalization as a factor to reduce the risk of war are three ways we’re seeing the effects of Russia’s war on Ukraine.
  3. Spot the talent you already have — Observable behaviors, rather than past performance, is a great way to identify future leaders. That’s because an employee’s track record doesn’t tell who might excel at things they’ve never tried before. Discover how a new model for identifying talent in your organization could lead to the next generation of leaders.
  1. Get your emails opened — An active list of email subscribers helps ensure your business’ success. If your emails aren’t meeting the industry standard of an open rate between 17-28%, check out these three ways to boost your open rates.
  1. Just say no — The key to being a better partner to clients and customers lies in your ability to avoid becoming a yes-man or yes-woman. Discover the art of saying no.

 Thank you to our Friday Five sources:  Grand Rapids Business Journal, Kellogg Insight, Harvard Business Review, Forbes and Entrepreneur.

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 office.

Federally insured by NCUA

Consumers business services

Do you have business banking questions? Contact our knowledgeable commercial loan officers.

Learn more

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter your email address to receive notifications of new posts by email.

Get awesome new content delivered straight to your inbox.