5.31.19

Friday Five Business Briefing – May 31, 2019

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Here’s news to help you run your business better, including the transformation of Michigan downtowns, why certain documents are critical to your business and how to prevent the most common cyberattacks.

  1. Michigan downtowns come alive — Drowsy downtowns are being transformed into dynamic destinations with foot traffic at all hours, outdoor dining and cute shops. Learn what changed to make it happen in cities across the state in this special report from Crain’s.
  1. Why certain documents are critical to the survival of your business — There are three key things business owners should document, especially if there is more than one owner involved: general business governance, employee relationships and client relationships. Find out how these documents will protect your business.
  1. 43% of breaches by cybercriminals occur at small businesses — Ransomware and email attacks on small businesses and executives are some of the most common attacks made for financial gain by hackers. See what you can do to prevent them.
  1. Going above and beyond government regulation can pay off — A Stanford study finds that companies that try to fix problems on their own are on to a good strategy for avoiding government regulation. Read more here.
  1. The importance of community for entrepreneurs — Sonny Caberwal learned the hard way how difficult disconnection can be for business owners. See how he’s fighting isolation with a new kind of private club.

Thank you to our Friday Five sources: Crain’s Detroit Business, YFS Magazine, Fast Company, Forbes and Inc.

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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