11.18.22
Friday Five Business Briefing – November 18, 2022
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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 trends in West Michigan industrial activity, how to hire the best talent, signs it’s time to sell your business and more.
- West Michigan industrial activity trending down — Michigan’s indexes for new orders, purchases and employment fell into negative territory last month. According to Brian Long’s monthly report, rising interest rates are partly responsible for the shift.
- How to hire the best talent — When considering a new hire, do you consider their social skills? Discover the three employee talents to look for when you want to hire exceptional employees.
- Adjust accounting for higher Social Security wage base — In 2023, earnings up to $160,200 will be subject to Social Security taxes, increased from $147,000.
- Is it time to sell your business? If you’re less patient with day-to-day activities, it could be a sign that’s it’s time to get serious about selling your business. Discover the three signs that could indicate it’s time to sell your business.
- Let passion guide your career — Comparing yourself to others, competitiveness and being guided by others’ expectations can lead to feelings of inferiority. Learn how to defeat imposter syndrome according to a Microsoft executive.
Thank you to our Friday Five sources: MiBiz, Inc., Thomson Reuters, Entrepreneur and CNBC.
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.
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Consumers business services
Do you have business banking questions? Contact our knowledgeable commercial loan officers.