Here’s news you can use in a constantly changing business environment, including the post-pandemic challenges faced by Michigan restaurants, how to spur productivity growth, best practices from West Michigan business leaders and more.

 

1. Michigan restaurants face post-COVID challenges — Restauranteurs that survived the COVID pandemic continue to face industry headwinds. Labor force challenges, inflation, and the rise of remote work and third-party delivery services have had an impact on restaurant profitability.

 

2. Spur productivity growth — Preparing for the future battle for talent, speeding digital transformation and balancing energy affordability and productivity are three ways companies can get more output per hour worked.

 

3. The law of unintended consequences — Good intentions don’t always mean good results. Discover why humility and monitoring are important when making big changes.

 

4. How to face the new reality— A panel of West Michigan business leaders recently discussed the best practices they’ve implemented in the wake of the pandemic. Shifting work models, weathering the storm and leadership styles are all part of the equation.

 

5. Stop trying to eat the whole cake in one sitting — Mentorship can be the key to breaking down a vast project and overcoming the feeling of being overwhelmed. Learn how one entrepreneur got their brainchild off the ground with the help of a mentor.

 

Thank you to our Friday Five sources: Corp!, CFO Dive, Kellogg Insight and World Economic Forum.

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.

Federally insured by NCUA