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Small Biz Flash

Adam Hewitt

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Your flash briefing for small business news, trends, and insights.

Small Biz Flash

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3-14-23 – 4 Ways to Harness ChatGPT for Your Small Business

FEATURE Remember the caveats from last week regarding ChatGPT, including it isn’t 100% correct all the time. And don’t depend on it to dispense legal and professional advice. ChatGPT can help you write a business plan. You can refine ChatGPT’s original output by giving it follow-up commands or asking follow-up questions. ChatGPT can compose scripts for videos, draft procedure documents, and just about anything else you can imagine. But you always need to review them for accuracy and real-world viability. ChatGPT can summarize articles and web pages. ChatGPT can answer questions too. One of the most handy is application-specific questions for a unique set of circumstances. For your more technical staff, ChatGPT can help them write HTML for building web sites, and code in computer languages to build and debug applications. One of the best ways you can take advantage ChatGPT’s power is to turn your team lose on it. Train your staff now to get comfortable with AI tools like ChatGPT. ---------- NEWS ROUNDUP 1 A record number of small businesses – 47% – reported having job vacancies they could not fill in February. https://www.nfib.com/content/press-release/economy/nfib-jobs-report-small-businesses-report-record-high-levels-of-job-openings/ The economy added 311,000 jobs, which was above experts’ predictions. But many of those were in lower paying sectors. https://www.bls.gov/news.release/pdf/empsit.pdf February Consumer Price Index was released today, and is up 6% from a year ago. https://www.bls.gov/news.release/cpi.nr0.htm 2 Small businesses remain concerned about a possible recession and are taking a tight-fisted approach with their cash. https://www.vistage.com/research-center/business-financials/economic-trends/20230307-small-businesses-cautious-wsj-survey/ 3 The Small Business Administration has announced National Small Business Week will take place this year from April 30 to May 6. https://www.sba.gov/article/2023/mar/06/sba-administrator-guzman-announces-national-small-business-week-2023 ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. 👀 Watch on YouTube: https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg. 📧 I would love to hear from you! Please email me at adam@smallbizflash.com. 🖥️ Learn how I can help your small business at https://eraynay.com/.

3-7-23 – Empower Your Business with ChatGPT

FEATURE ChatGPT is a conversational AI chatbot. Open AI is the developer of ChatGPT and is now offering access to the general public. ChatGPT can help you write content for your small business, such as blog posts. But, you can’t just copy and paste. It will need some refining. Plus, Google can detect AI-generated content. ChatGPT must still be fact-checked. You can also generate a title for your blog post using ChatGPT, and a tweet to promote the blog as well. Don’t use ChatGPT to create legal or accounting or other professional services kind of advice. Remember, you need to fact check its output. You can sign up for a free ChatGPT account here: https://openai.com/blog/chatgpt. ---------- NEWS ROUNDUP 1 A Supreme Court decision late last month is good news for small businesses, because it limited the power of the IRS to levy penalties on businesses. https://www.nfib.com/content/press-release/homepage/supreme-court-reins-in-civil-penalty-prosecutions-for-small-businesses/ https://www.reuters.com/legal/government/us-supreme-court-limits-penalties-not-reporting-foreign-accounts-2023-02-28/ 2 Inflation remains a big concern for small businesses, according to data recently released by the US Chamber of Commerce. https://www.uschamber.com/small-business/the-biggest-challenges-small-businesses-are-facing-right-now 3 The Biden administration is proposing legislation that would shift the some of the burden of cyber security from small businesses on to software makers. https://www.cnbc.com/2023/03/02/white-house-unveils-national-cyber-strategy-to-shift-security-burden.html ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. 👀 Watch on YouTube: https://www.youtube.com/channel/UCmFHZqDGRbOHXjhpicWuqhg. 📧 I would love to hear from you! Please email me at adam@smallbizflash.com. 🖥️ Learn how I can help your small business at https://eraynay.com/.

2-28-23 – Put YouTube Ads in Your Marketing Toolbox

FEATURE YouTube ads can accelerate the process of building up your audience on the platform, and give your brand more exposure. One of the great things about YouTube advertising is that you can target viewers based on the keywords they are searching for on YouTube, but also on Google (which owns YouTube). There are numerous other ways to refine your target audience, to get very specific. Among video ads, there are three main types. First, skippable in-stream ads are those you can pass over after you’ve watched them for five seconds. Non-skippable in-stream ads are shorter. Their maximum length is 15 seconds. Bumper ads are like non-skippable in-stream ads, but only last six seconds. According to Influencer Marketing Hub, YouTube ads have an average cost-per-view of $0.01 – $0.03. https://influencermarketinghub.com/how-much-do-youtube-ads-cost/ ---------- NEWS ROUNDUP 1 The Personal Consumption Expenditures price index was up in January to 5.4% from a year earlier. https://www.reuters.com/markets/rates-bonds/fed-seen-raising-rates-three-more-times-after-strong-inflation-reading-2023-02-24/ Recent figures show that worker claims for unemployment benefits dipped last week, there was an increase in January in retail sales, and 4Q GDP rose by 2.7%. https://www.wsj.com/articles/economy-showing-strength-in-early-2023-after-last-quarters-gdp-gain-revised-modestly-lower-5b068ade 2 Republicans in the US House are launching an oversight effort of numerous federal agencies in an attempt to determine how their regulation-making is impacting small businesses. https://www.politico.com/news/2023/02/23/house-gop-presses-agencies-on-small-business-rules-00084049 https://williams.house.gov/media-center/press-releases/rep-williams-leads-small-business-committee-oversight-biden 3 A lack of financing or investors was the top reason that startups failed in 2022, according to a new study. https://www.skynova.com/blog/top-reasons-startups-fail 4 Amazon is expanding its educational offerings to small businesses through the Amazon’s Small Business Academy. https://www.aboutamazon.com/news/small-business/meet-the-new-amazon-small-business-academy-an-expanded-suite-of-free-resources-for-entrepreneurs ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- I would love to hear from you! Please email me at adam@smallbizflash.com.

2-21-23 – Grow Your Audience and Revenue With YouTube

FEATURE Your YouTube strategy has to be sustainable, so you don’t quit after a few weeks or months. Dig into old blog articles or speeches you’ve given that could be updated and turned into short videos. YouTube’s algorithm rewards videos that hold the attention of the viewer. Once you have the video produced and on your YouTube channel, share it across all your communication channels. You don’t need a super slick, highly polished video to get your message out. Create playlists around your most compelling topics. ---------- NEWS ROUNDUP 1 The Federal Trade Commission is proposing a new rule, called the Non-Compete Clause Rule, which would eliminate noncompete contracts agreements in the workplace and nullify existing state and local laws on non-competes. https://www.govinfo.gov/content/pkg/FR-2023-01-19/pdf/2023-00414.pdf 2 The vast majority of small companies want bi-partisan action to address their concerns over a variety of issues to make it easier and less expensive to do business. https://www.jobcreatorsnetwork.com/press_releases/new-poll-small-businesses-gravely-concerned-about-economy-want-bipartisan-action-from-congress/ 3 Small businesses are increasingly expected to provide employee benefits like their larger counterparts. https://www.vestwell.com/read/2023-retirement-trends-report#cd827ccc9cb8 ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- I would love to hear from you! Please email me at adam@smallbizflash.com.

2-14-23 – Create Your YouTube Channel Now

FEATURE Resources: Wyzowl Video Marketing Statistics 2023 https://www.wyzowl.com/video-marketing-statistics/ What is the Ideal Length of Videos on YouTube? https://www.tubics.com/blog/how-to-master-on-long-form-video-content ---------- NEWS ROUNDUP 1 A poll by the invoicing platform Skynova found that 91% of small companies are currently labor hoarding. https://www.skynova.com/blog/small-business-and-labor-hoarding 2 The federal government could do a better job of interacting with small businesses, according to owners recently surveyed by Goldman Sachs. https://www.goldmansachs.com/citizenship/10000-small-businesses/US/infographics/february-2023/index.html 3 As inflation has taken its toll, many small and medium-sized businesses feel they can’t raise prices further and still be competitive, so they are seeking other sources of working capital. https://www.pymnts.com/smbs/2023/digital-banks-fill-gaps-in-small-business-working-capital-loans/ ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- I would love to hear from you! Please email me at adam@smallbizflash.com.

2-7-23 – Building Your Personal Brand

Today’s guest is Damon Zick, owner of Life Brand Academy: Damon’s email: damon@damonzick.com Damon’s LinkedIn page: https://www.linkedin.com/in/damonzick/ Life Brand Academy’s YouTube page: https://www.youtube.com/@lifebrandacademy ---------- NEWS ROUNDUP 1 The number of new jobs created soared to 517,000 in January. https://www.kiplinger.com/investing/jobs-report-shows-massive-hiring-in-january-what-the-experts-are-saying January one-month annualized hourly earnings growth for small business employees fell to 2.88%, the lowest level since 2020, according to Paychex. https://www.paychex.com/employment-watch/#!/news-release/ 2 Xero has found that sales growth for US small businesses continued to slow and recorded its two smallest increases of the past 20 months in July 2022 and September 2022. https://www.xero.com/us/media-releases/xero-small-business-insights-usa-january-2023/ According to an estimate by Goldman Sachs, by the end of this year Americans will have spent two-thirds of the extra savings they were able to stash away during Covid. https://www.wsj.com/articles/once-flush-savings-accounts-are-starting-to-run-dry-11675691637 3 Walmart has launched an e-commerce site for small and medium-sized businesses called Walmart Business. https://www.retaildive.com/news/walmart-business-e-commerce-site-small-businesses/640946/ ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- I would love to hear from you! Please email me at adam@smallbizflash.com.

1-31-23 – Never Run Out of Cash (Part 2) – Surviving the Economic Downturn – Tactic #8

Join us at Illuminate 2023 on Tuesday, February 7. FREE admission! Details and registration: https://www.eventbrite.com/e/illuminate-feb-7th-2023-tickets-519912471197 ---------- Today’s guest is Jonathan Bill, owner of SBS Accounting & Advisors: Jonathan’s email: jbill@sbsaccountants.com Jonathan’s LinkedIn page: https://www.linkedin.com/in/sbsaccounting/ SBS Accounting & Advisors: https://sbsaccountants.com/ ---------- NEWS ROUNDUP 1 Small business owners are more upbeat now than in mid-2022 about inflation, staffing issues, and a possible recession, according to a new poll https://ioufinancial.com/wp-content/uploads/2023/01/IOU_SMALL-BUSINESS-SURVEY-DEC-2022_12-pg-Booklet.pdf 2 Small businesses have fueled all of the net job growth since the beginning of Covid. https://www.wsj.com/articles/surge-in-hiring-by-small-business-complicates-feds-effort-to-cool-economy-11674627479?mod=business_minor_pos4 3 Small Business Deduction is set to expire in 2025, making it difficult for small business owners to plan ahead. https://www.nfib.com/content/press-release/economy/new-nfib-op-ed-in-washington-times-congress-should-make-small-business-deduction-permanent/ ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- I would love to hear from you! Please email me at adam@smallbizflash.com.

1-24-23 – Never Run Out of Cash (Part 1) – Surviving the Economic Downturn – Tactic #8

Join us at Illuminate 2023 on Tuesday, February 7. FREE admission! Details and registration: https://www.eventbrite.com/e/illuminate-feb-7th-2023-tickets-519912471197 ---------- Today’s guest is Jonathan Bill, owner of SBS Accounting & Advisors: Jonathan’s email: jbill@sbsaccountants.com Jonathan’s LinkedIn page: https://www.linkedin.com/in/sbsaccounting/ SBS Accounting & Advisors: https://sbsaccountants.com/ ---------- NEWS ROUNDUP 1 The producer price index, a wholesale measure of inflation, dropped 0.5% in December. https://www.cnbc.com/2023/01/18/wholesale-prices-fell-0point5percent-in-december-much-more-than-expected.html Retail sales fell significantly in December, by 1.1%, the largest in a year. https://www.reuters.com/markets/us/us-retail-sales-drop-more-than-expected-december-2023-01-18/ Industrial production was also down 0.7% in December, much more than predicted. https://www.nasdaq.com/articles/u.s.-industrial-production-decreases-much-more-than-expected-in-december 2 According to the US Census Bureau, a whopping 5 million Americans filed new business applications last year. https://www.inc.com/melissa-angell/small-business-applicants-smash-another-record-in-2022-as-more-americans-turn-to-entrepreneurship.html 3 Apple has announced Apple Business Connect, allowing businesses to verify and edit their listing information and to add photos on apps such as Maps and Messages, as well as information used by Siri. https://www.theverge.com/2023/1/11/23550077/apple-business-connect-maps-listings ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- I would love to hear from you! Please email me at adam@smallbizflash.com.

1-17-23 – Try Guerrilla Marketing – Surviving the Economic Downturn – Tactic #7

NEWS ROUNDUP 1 The rate of inflation, as measured by the consumer price index, cooled in December to 6.5% compared with a year earlier. https://apnews.com/article/december-2022-inflation-report-72bb938a443ab0500bd72d23f62214ad In a recent poll of economists by the Wall Street Journal, experts put the likelihood of a recession at 61% in the coming months. https://www.wsj.com/articles/despite-easing-price-pressures-economists-in-wsj-survey-still-see-recession-this-year-11673723571?mod=hp_lead_pos1 The Index of Consumer Sentiment is currently at 64.6, up from 59.7 in December and 56.8 in November. http://www.sca.isr.umich.edu/ 2 Small company owners’ opinions of the business environment are on the upswing. Sixty percent of small businesses expect increased revenues in 2023. https://www.vistage.com/research-center/business-financials/economic-trends/20230110-small-business-confidence-largest-surge-wsj-survey/ 3 New data from online lender Biz2Credit finds that loans to small businesses grew very little in 2022. https://www.biz2credit.com/small-business-lending-index/december-2022 ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- I would love to hear from you! Please email me at adam@smallbizflash.com.

1-10-23 – Nurture Your Employees – Surviving the Economic Downturn – Tactic #6

NEWS ROUNDUP 1 The December jobs report was released late last week, showing continued strength in the labor market. https://www.bls.gov/news.release/pdf/empsit.pdf Small business owners still plan to add workers in 2023. https://www.nfib.com/content/press-release/economy/nfib-jobs-report-hiring-plans-weaken-in-december-as-labor-shortages-challenge-small-businesses/ The rate of hourly wage growth at small businesses continued to decline to 4.95% year-over-year in December. https://www.paychex.com/employment-watch/#!/news-release/ The Index of Consumer Sentiment for December from the University of Michigan came in at 59.7. http://www.sca.isr.umich.edu/ 2 Congress passed “The Securing a Strong Retirement Act of 2022” in December, which offers tax credits to small businesses that start an employer-sponsored retirement plan. https://www.forbes.com/sites/rhettbuttle/2023/01/05/secure-20-5-things-small-business-owners-need-to-know/?sh=6421a1c58bff 3 According to data released by the Small Business Administration this week, and since analyzed and report on by National Public Radio, 92% of the loans issued under the Paycheck Protection Program have been granted full or partial forgiveness. https://www.npr.org/2023/01/09/1145040599/ppp-loan-forgiveness ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- I would love to hear from you! Please email me at adam@smallbizflash.com.

12-20-22 – Get More Customers Through Referrals – Surviving the Economic Downturn – Tactic #5

FEATURE Get More Customers Through Referrals – Surviving the Economic Downturn – Tactic #5 https://www.nielsen.com/insights/2012/consumer-trust-in-online-social-and-mobile-advertising-grows/ https://news.constantcontact.com/press-release-customer-engagement-major-focus-small-business-technology-according-constant-contact-t ---------- NEWS ROUNDUP 1 Retail sales in November fell short of expectations, down 0.6% from the previous month. https://www.forexlive.com/news/us-november-retail-sales-06-vs-01-expected-20221215/ Manufacturing also slowed in November by 0.6%, as a reduction in output of cars and trucks offset other factory gains. https://finance.yahoo.com/news/u-manufacturing-output-dragged-down-151932250.html AAA reports the national average price for regular unleaded is $3.12/gallon, the lowest since July 2021. https://gasprices.aaa.com/ 2 Business owners remain pessimistic about the near term, according to the November Small Business Optimism Index, which rose 0.6 p…

12-13-22 – Reassess Your Value Proposition – Surviving the Economic Downturn – Tactic #4

NEWS ROUNDUP 1 The producer price index, a measure of wholesale inflation, rose 7.4% in November from a year earlier. https://www.bls.gov/news.release/ppi.nr0.htm The consumer price index also eased last month, to a year-over-year increase of 7.1%. https://www.bls.gov/news.release/cpi.nr0.htm 2 Nearly half of small business owners – 47% – described current conditions as middle of the road for their companies. A majority, 58% said they expect changes in government regulations to negatively affect their business in the next 12 months, and 61% said they expect changes in tax policy to negatively affect their business over the same time period. https://www.surveymonkey.com/curiosity/cnbc-small-business-q4-2022/ 3 The average income for small business owners nationally slightly under $61,000. https://www.fool.com/the-ascent/small-business/articles/heres-the-average-small-business-owners-income/ ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code F…

12-6-22 – Health Insurance Options for a Small Business

FEATURE – Health Insurance Options for a Small Business Today’s guest is Monica Watson, owner and president of Hene Watson Advisors: Monica’s email: monica@henewatson.com Monica’s LinkedIn page: https://www.linkedin.com/in/monica-watson-6582a413 Suggested resource: Health Insurance Marketplace Calculator https://www.kff.org/interactive/subsidy-calculator/ ---------- NEWS ROUNDUP 1 The November jobs report was not as good as the headlines seem. The household survey show a loss of 138,000 jobs. https://www.bls.gov/news.release/empsit.nr0.htm Small business job and wage growth held mostly steady in November. https://www.paychex.com/employment-watch/#!/news-release/ 2 Rising interest rates are causing more headaches for small businesses, that are already dealing with numerous economic woes, from inflation to a tight labor market. https://www.wsj.com/articles/rising-interest-rates-put-small-business-owners-plans-on-hold-11668911299 3 Small businesses chalked up a record $1…

11-29-22 – Cultivate Strategic Partnerships – Surviving the Economic Downturn – Tactic #3

NEWS ROUNDUP 1 Durable goods orders were up sharply in October, by 1%, far surpassing analysts’ expectations. https://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf First time jobless claims jumped by 17,000 last week, and are now at a three-month high. https://www.dol.gov/ui/data.pdf 2 The Small Business Administration is proposing a rule to allow more financing companies such to offer SBA-backed 7(a) loans. https://www.federalregister.gov/documents/2022/11/07/2022-23597/small-business-lending-company-sblc-moratorium-rescission-and-removal-of-the-requirement-for-a-loan 3 Marking a new record for 2022, 41% of small business owners reported they failed to pay their rent in full and on time. https://www.alignable.com/forum/rent-crisis-breaks-new-22-record-41-couldn-t-pay-in-nov-up-4 ---------- This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- I would love to hear from you!…

11-22-22 – Rethink Accounts Payable – Surviving the Economic Downturn – Tactic #2

NEWS ROUNDUP 1 Retail sales surged last month 1.3%, exceeding forecasters’ expectations. https://tradingeconomics.com/united-states/retail-sales A new report out by the Federal Reserve Bank of New York shows an increase in total household debt in 3Q22 of 2.2% to an all-time high of $16.5 trillion. https://www.newyorkfed.org/newsevents/news/research/2022/20221115 2 The National Small Business Association is filing a lawsuit challenging the constitutionality of the Corporate Transparency Act of 2019 – also known as “Beneficial Ownership” rules. https://www.nsba.biz/_files/ugd/601769_6e4c8814fad44357ba4fb466cd6202bd.pdf 3 A new survey finds that 24% of small businesses reported their upcoming Christmas sales will determine if their business can survive into next year. https://investors.amexglobalbusinesstravel.com/investors/news/news-details/2022/New-American-Express-Survey-Shows-60-of-U.S.-Small-Businesses-are-Investing-in-Cash-Flow-Tools-Ahead-of-the-Holidays-/default.asp…

11-15-22 – Survive and Thrive the Economic Downturn – Tactic #1: Send Your Customers a Video Message

NEWS ROUNDUP 1 * The rate of inflation (Consumer Price Index) last month was lower than expected. https://www.bls.gov/news.release/cpi.nr0.htm * Inflation at the wholesale level also eased in October. https://www.bls.gov/news.release/ppi.nr0.htm * The University of Michigan index of consumer sentiment fell in November. http://www.sca.isr.umich.edu/ 2 The Small Business Optimism Index dropped 0.8 points in October to 91.3, the 10th consecutive month the index has been below the 49-year average of 98. https://www.nfib.com/surveys/small-business-economic-trends/ https://assets.nfib.com/nfibcom/SBET-Oct-2022.pdf 3 Hiring at small businesses declined by 1.94% in October. https://www.cbiz.com/insights/articles/article-details/cbiz-small-business-employment-index-reports-notable-decline-in-october 4 Small businesses are finding it more difficult to borrow money at all sorts of lending institutions, according to the October Biz2Credit Small Business Lending Index. https://www.biz2credit.…

11-8-22 – Advance Your Employees’ Engagement – Part 2 of 2

FEATURE – Advance Your Employees’ Engagement – Part 2 of 2 Today’s guests are Mac and Kim Cantrell, owners of 2 Impact: Mac’s email: mac@2impactlife.com Kim’s email: kim@2impactlife.com Mac’s LinkedIn page: https://www.linkedin.com/in/maccantrell/ Kim’s LinkedIn page: https://www.linkedin.com/in/kimrcantrell/ 2Impact: https://www.2impactlife.com/ Suggested resources: U.S. Employee Engagement Drops for First Year in a Decade https://www.gallup.com/workplace/388481/employee-engagement-drops-first-year-decade.aspx The World's $7.8 Trillion Workplace Problem https://www.gallup.com/workplace/393497/world-trillion-workplace-problem.aspx ---------- NEWS ROUNDUP 1 * The economy added 261,000 jobs in October, well above what forecasters expected. https://www.bls.gov/news.release/empsit.nr0.htm * 70% of owners believe a recession will begin within the next 6 months, but only 37% said they feel ready for it. https://news.nationwide.com/small-business-owners-expect-a-recessio…

11-1-22 – Advance Your Employees’ Engagement – Part 1 of 2

FEATURE – Advance Your Employees’ Engagement – Part 1 of 2 Today’s guests are Mac and Kim Cantrell, owners of 2 Impact: Mac’s email: mac@2impactlife.com Kim’s email: kim@2impactlife.com Mac’s LinkedIn page: https://www.linkedin.com/in/maccantrell/ Kim’s LinkedIn page: https://www.linkedin.com/in/kimrcantrell/ 2Impact: https://www.2impactlife.com/ Suggested resources: U.S. Employee Engagement Drops for First Year in a Decade https://www.gallup.com/workplace/388481/employee-engagement-drops-first-year-decade.aspx The World's $7.8 Trillion Workplace Problem https://www.gallup.com/workplace/393497/world-trillion-workplace-problem.aspx ----- NEWS ROUNDUP 1 * The economy grew in 3Q22 by 2.6%. https://www.bea.gov/news/blog/2022-10-27/gross-domestic-product-third-quarter-2022-advance-estimate * The latest JOLTS report shows the job market is still hot. https://www.bls.gov/news.release/jolts.nr0.htm * The personal consumption expenditures price index rose 6.2% for the 12-mo…

10-25-22 – 3 Types of Software Your Small Business Needs

FEATURE – 3 Types of Software Your Small Business Needs Today’s guest is Peter Pin, owner of Sharpin Systems: Peter’s email: peter@gosharpin.com Peter’s LinkedIn page: https://www.linkedin.com/in/petergpin/ Sharpin Systems: https://www.gosharpin.com/ Suggested resources: CRMs: Active Campaign https://ActiveCampaign.referralrock.com/l/183RIP9E5SS/ Go High Level https://www.gohighlevel.com/main-page?fp_ref=sharpin Freshsales https://www.freshworks.com/crm/sales/ Task Managers: ClickUp https://clickup.com/?fp_ref=r3wjr Asana https://asana.com/ Trello https://trello.com/ Automator: Zapier https://zapier.com/ ---------- NEWS ROUNDUP 1 * Jeff Bezos is sounding the alarm about potentially rough days ahead. https://www.cnbc.com/2022/10/19/amazon-founder-jeff-bezos-warns-its-time-to-batten-down-the-hatches.html * In October, the economy contracted for the fourth consecutive month, per the S&P Global Flash Composite Output Index. https://www.marketwatch.com/story/u-s-economy-cont…

10-18-22 – 3 Key Steps to Better Cyber Security

NEWS ROUNDUP 1 In September, the producer price index, a measure of wholesale inflation, rose 0.4%, which was worse than analysts expected. For the 12-month period, prices were up 8.5%. Inflation at the retail level was a similar story. For September, the consumer price index was up 8.2% year-over-year. Consumer spending was flat in September, according to the Commerce Department, even as prices increased. Recent data from J P Morgan Chase indicates that consumers’ spending is currently outpacing their income, and their savings are dwindling as a result. The Conference Board released a survey last week of CEOs showing a nearly unanimous view among the group that a recession is looming. https://www.bls.gov/news.release/ppi.nr0.htm https://www.bls.gov/news.release/cpi.nr0.htm https://www.cnbc.com/2022/10/14/retail-sales-september-2022.html https://www.pymnts.com/earnings/2022/jpmorgan-consumer-savings-suffer-spending-outpaces-income/ https://www.conference-board.org/topics/c…

10-11-22 – 4 Tips to Better Webinars

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 The September jobs report came out last week, and the numbers were a mixed bag. The unemployment rate dipped 0.2% from August to 3.5%, beating forecasts. The August job openings report was also released last week, and it showed the steepest decline in open positions since April 2020, just after Covid hit. https://www.bls.gov/news.release/empsit.nr0.htm https://www.bls.gov/news.release/jolts.nr0.htm ---------- 2 Small businesses are continuing to try numerous ways to struggle with the employee shortage. According to the September Wall Street Journal/Vistage Small Business CEO Survey, a majority of respondents have already boosted wages, offered flexible hours and remote working, and leadership development programs. https://www.vistage.com/research-center/wp-content/uploads/2022/09/WSJ-CEO-Survey-0922.pdf ---…

10-4-22 – How To Implement Your Net Promoter Score Program

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 The August personal consumption-expenditures price (or PCE) index rose faster than experts predicted, up 4.9% from a year ago. Consumer spending increased in August by 0.4%, after falling by 0.2% in July. The manufacturing sector, which accounts for 12% of the US economy, slowed significantly last month. The Atlanta Federal Reserve’s GDPNow tracker has revised its forecast for the US gross domestic product for 3Q2022 upward to 2.3%. https://www.cnbc.com/2022/09/30/pce-inflation-august-2022-inflation-accelerated-even-more-than-expected-in-august.html https://www.marketwatch.com/story/consumer-spending-barely-rose-last-month-after-factoring-in-high-inflation-11664542525 https://www.reuters.com/markets/us/us-manufacturing-activity-slowest-almost-2-12-years-september-ism-2022-10-03/ https://tradingeconomics.com…

9-27-22 – Track Your Net Promoter Score to Edge Out Competitors

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 The Atlanta Federal Reserve’s GDPNow tracker’s current estimate for US gross domestic product for 3Q2022 is a an almost no-growth rate of 0.3%. CNBC’s September poll of economists and other financial experts predicted a 52% chance the US would enter a recession in the next 12 months. The Conference Board recently released data showing its Leading Economic Index dropped 0.3% in August. Other data from The Conference Board shows that consumer confidence rose in September. August new residential housing starts were up 12.2% percent from July, beating expectations. https://www.atlantafed.org/cqer/research/gdpnow https://www.cnbc.com/2022/09/23/there-is-an-80percent-chance-of-the-us-going-into-a-recession-steve-hanke.html https://www.marketwatch.com/story/economy-is-slowing-and-potentially-signaling-recessio…

9-20-22 – Make Your Team Victorious With Change

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 Small business owners are continuing to get hit hard by inflation on multiple fronts, including soaring labor costs and being forced to raise their prices. The Consumer Price Index came in worse than expected for August, rising 8.3% over the last year. The Producer Price Index, a measure of wholesale inflation, declined slightly for the month, meeting expectations. Still, for the last 12 months, the PPI is up 8.7%. https://www.bls.gov/news.release/cpi.nr0.htm https://www.bls.gov/news.release/ppi.nr0.htm ---------- 2 Numerous surveys of late have determined that Americans are not saving nearly enough for retirement. A growing number of states, currently at 10, are trying to address the problem by mandating retirement plans, which apply even to small businesses. https://www.forbes.com/sites/brianmenickella/202…

9-13-22 – Get Your Money! (Accounts Receivable Best Practices)

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 Small businesses are likely to feel the brunt of steep Obamacare premium increases next year. Some health insurers are proposing median rate hikes by as much as 20%. https://www.wsj.com/articles/affordable-care-act-health-plan-premiums-set-to-rise-11662671934?mod=business_lead_pos1 https://dailycaller.com/2022/09/09/obamacare-costs-hit-small-business/ ---------- 2 63% of small businesses can’t afford to add staff, and 10% are actually reducing their staff. Labor costs have increased by 50% or more for 58% of the businesses. https://www.alignable.com/forum/63-of-smb-employers-put-hiring-on-hold-10-start-layoffs ---------- 3 Inflation isn’t just impacting salaries. According to another survey, this one from PNC, 63% of small business owners expect to raise their prices in the next six months. https://th…

9-6-22 – Sharpen Your Negotiating Tactics

NEWS ROUNDUP 1 Continuing a trend most of the year, big companies continue to hire, while smaller companies struggle to retrain workers. The ADP National Employment Report showed businesses with 1-19 employees lost 47,000 employees in August. https://www.bls.gov/news.release/empsit.nr0.htm https://adpemploymentreport.com/ ---------- 2 Small businesses are on shaky financial ground, according to Fundbox. 74% reported a cash flow issue within the past year. https://fundbox.com/blog/fundbox-small-business-trends-survey-2022/ ---------- 3 Small companies advertising on Facebook have new tools to help them more effectively target prospects. Meta is offering its Advantage+ automation and AI technology for individual ad placements. https://www.searchenginejournal.com/meta-brings-automation-to-small-business-advertising/ ---------- FEATURE – Sharpen Your Negotiating Tactics In their best-seller “Getting to Yes: Negotiating Agreement Without Giving In,” first published in…

8-30-22 – Build Out a Strong Tech Stack

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 The latest figures released last week show that in the second quarter, gross domestic income (GDI), an alternative method of measuring economic activity, actually grew by 1.4%. https://www.bea.gov/data/income-saving/gross-domestic-income ---------- 2 40% of small companies said they were late paying the landlord in the survey, up 6% from July. https://www.alignable.com/forum/august-rent-delinquency-breaks-2022-record-up-6 ---------- 3 Only 4 in 10 small business owners are concerned about a cyber attack hitting their firm within the next 12 months. If an attack were to happen, though, 65% are confident in their ability to respond. https://www.surveymonkey.com/curiosity/cnbc-small-business-q3-2022/ ---------- FEATURE – Build Out a Strong Tech Stack According to a new survey by the US Chamber of Commerce…

8-23-22 – Moneyball for Business

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 Retail sales were flat in July, after they increased 0.8% in June, according to the US Census Bureau. After being adjusted for inflation, average weekly earnings are down 3.6% in July from a year ago. https://www.census.gov/retail/marts/www/marts_current.pdf https://www.marketwatch.com/story/u-s-retail-sales-fall-flat-in-july-on-cheaper-gas-and-weaker-auto-sales-11660739824?mod=article_inline https://www.bls.gov/opub/ted/2022/real-average-weekly-earnings-down-3-6-percent-from-july-2021-to-july-2022.htm ---------- 2 Small business owners are more optimistic about the future than at any time so far in 2022. Still, the number of owners citing inflation as their most important business problem remained at its highest level since the fourth quarter of 1979. https://www.nfib.com/content/analysis/economy/new-repor…

8-16-22 – Bananas Can Teach You a Lot About Business

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 The producer price index, a measure of wholesale inflation, fell in July by 0.5%. Consumer confidence increased slightly in a preliminary reading for August. Productivity declined in the second quarter by 4.6%. The New York Federal Reserve Bank’s Empire State Manufacturing Survey plummeted to -31.3 for August. https://www.bls.gov/news.release/ppi.nr0.htm https://tradingeconomics.com/united-states/producer-price-inflation-mom http://www.sca.isr.umich.edu/ https://www.bls.gov/news.release/pdf/prod2.pdf https://www.newyorkfed.org/survey/empire/empiresurvey_overview.html https://www.marketwatch.com/story/new-york-empire-state-factory-gauge-plunges-in-august-deep-into-contraction-territory-11660566652 ---------- 2 Some small businesses that have relied heavily on social media marketing are hurting from the…

8-9-22 – 3 Ways To Make Open Position Candidates Love You

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 https://www.bls.gov/news.release/empsit.nr0.htm https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm https://www.prnewswire.com/news-releases/small-business-job-growth-slows-in-july-hourly-earnings-growth-moderates-slightly-301597745.html https://www.nfib.com/content/press-release/economy/nfib-jobs-report-nearly-half-of-small-business-owners-still-cant-fill-job-openings/ The July jobs report came out last week, and the numbers were unexpectedly strong. The unemployment rate edge down to 3.5%. But the labor force participation rate actually decreased slightly in July to 62.1% and is still well below its pre-pandemic level of 63.4%. According to a report conducted by Paychex and IHS Markit, hiring at small companies slowed in July for the fifth consecutive month. ---------…

8-2-22 – Lift Your Customer Engagement With a Chatbot

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 Last week, the official second quarter GDP number came in, and as suspected, the economy shrank. But what has economists most concerned is persistent inflation. Consumer confidence is still on a downward trend. So far, consumers’ glum outlook on the economy hasn’t seemed to catch up with their spending habits. https://www.bea.gov/sites/default/files/2022-07/gdp2q22_adv.pdf https://www.bea.gov/news/2022/personal-income-and-outlays-june-2022 https://www.conference-board.org/topics/consumer-confidence https://www.linkedin.com/pulse/financial-optimism-hits-post-2020-low-jolted-inflation-george-anders/?published=t http://www.sca.isr.umich.edu/ ---------- 2 The Small Business Administration has revised upward its eligibility limits for how much a company can earn to still be considered small. https://www.m…

7-26-22 – Write a Powerful Code of Conduct To Guide Your Employees

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 Last month, the US Department of Labor announced it was going to engage in new rulemaking on determining employee or independent contractor status under the Fair Labor Standards Act. https://blog.dol.gov/2022/06/03/misclassification-of-employees-as-independent-contractors-under-the-fair-labor-standards-act https://www.inc.com/ali-donaldson/new-rule-department-labor-employees-independent-contractors.html https://www.inquirer.com/business/labor-department-independent-contractor-rules-small-business-20220718.html ---------- 2 The Strengthening Subcontracting for Small Businesses Act of 2022, which is now before the Senate, would require federal agencies to consider past treatment of small business subcontractors by large prime contractors when determining whether to award future contracts to those prime contracto…

7-19-22 – Counterpunch Inflation by Touting Your Small Business Status

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 Inflation is roaring and on the top of everyone’s mind. The CPI and PPI for June both exceeded experts’ predictions. The Atlanta Federal Reserve’s GDPNow tracker currently estimates that the US gross domestic product contracted by 1.6% in the second quarter. https://www.bls.gov/news.release/cpi.nr0.htm https://www.bls.gov/news.release/ppi.nr0.htm https://www.atlantafed.org/cqer/research/gdpnow ---------- 2 A poll conducted by M&T Bank, and reported by CNBC, found that only a paltry 2% of small business owners know their company’s value. https://www.cnbc.com/2022/07/17/most-business-owners-dont-do-the-math-on-their-most-valuable-asset.html ---------- 3 A study conducted by Podium discovered small business owners are stressed. 72% said they feel burned out from the pandemic’s impact on their compa…

7-12-22 – Develop a Bias for Action

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 The CBIZ Small Business Employment Index saw a seasonally adjusted increase of 0.29%. In June, 29% of companies increased their headcounts, while 17% decreased their staffing. https://www.cbiz.com/insights/articles/article-details/cbiz-small-business-employment-index-showed-a-modest-gain-in-june ---------- 2 50% of owners said they can’t find candidates to fill positions in the latest National Federation of Independent Business Small Business Economic Trends report. The Small Business Optimism Index dropped to a record low again, a trend that has continued unabated every month this year. https://www.nfib.com/surveys/small-business-economic-trends/ ---------- 3 Proposed legislation, called The American Innovation and Choice Online Act, may be stalled in the US Senate. https://seekingalpha.com/news/3855521…

7-5-22 – A Mission Statement That Actually Works

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 Late last week, the Atlanta Federal Reserve’s GDPNow tracker estimated that the US gross domestic product contracted by 2.1% in the second quarter. Consumer spending, which has an immediate impact on many small businesses, is also moving in the wrong direction. https://www.atlantafed.org/cqer/research/gdpnow https://www.bea.gov/news/2022/personal-income-and-outlays-may-2022 ---------- 2 Walmart held its largest-ever annual sourcing event last week, dubbed “Open Call.” Many entrepreneurs and small businesses pitched their products to the retail giant, and winners were given large paper golden tickets to indicate they’d received one of the prized deals. https://engage.walmart-jump.com/ ---------- 3 Search engine activity indicates more people are interested in opening a small business, according to d…

6-28-22 – Net Hiring Score Is a Great Recruiting Metric

This podcast is sponsored by SBS Accounting & Advisors. Use the promo code FLASH and get 20% off your set up fee! https://sbsaccountants.com/. ---------- NEWS ROUNDUP 1 Small businesses are fearful a new climate rule under consideration by the US Securities and Exchange Commission could have dire consequences on sales, by driving away their larger, corporate customers. https://www.wsj.com/articles/small-businesses-plead-with-sec-to-show-restraint-on-climate-rules-11655916721?tpl=cb ---------- 2 There is a substantial discrepancy between the way employers and employees of small and medium-sized businesses think about benefits, according to a report released by PeopleKeep, a benefits administration software company. https://apnews.com/press-release/globe-newswire/small-business-d5d4fa24622a3dba36812a1314da408b ---------- 3 In what could be another sign the economy is slowing, the Federal Reserve Bank of Richmond released its monthly Survey of Manufacturing Activity today. ht…

6-21-22 – Attack Inflation With Strategic Price Increases

NEWS ROUNDUP 1 The vast majority of small business owners, 83%, are expecting a recession, according to the Small Business Recovery Report issued today by Kabbage. https://newsroom.kabbage.com/news/new-kabbage-survey-shows-80-of-u-s-small-businesses-are-confident-they-could-withstand-a-u-s-economic-recession/ ---------- 2 Rent costs are going up. 52% of small businesses have experienced rent hikes in the last six months, according to a report out this month by Alignable. https://www.alignable.com/forum/small-business-rent-crisis-reaches-highest-levels-so-far-in-2022 ---------- 3 Ship.com is offering a free 14-day trial of its shipping platform optimized for small e-commerce business owners. https://www.einnews.com/pr_news/575631468/ship-com-announces-0-trial-of-shipping-platform-optimized-for-small-business ---------- FEATURE – Attack Inflation With Strategic Price Increases We’re likely in prolonged inflationary period. Leaving your prices unchanged and watching your…

6-14-22 – Regression Analysis Is a Powerful Forecasting Tool

NEWS ROUNDUP 1 The top story this week continues to be the overall state of the economy, as it has an obvious impact on small business. A slew of data came in over the last few days, almost all of it negative. First, the Consumer Price Index, a widely used measure of inflation, surged 8.6% in May from a year ago. Second, partially fueling the red-hot inflation, is the price of gasoline, which is also on a record-setting tear. Third, the University of Michigan’s Index of Consumer Sentiment fell to its lowest level since the survey began in the mid-1970s. Fourth, every single chief financial officer questioned in the CNBC CFO Council survey for the second quarter believed that the US is heading for a recession. Fifth, according to an article published by Forbes last week, the price of semiconductor chips, fertilizer, and shipping have all started to fall. https://www.dol.gov/newsroom/economicdata/cpi_06102022.pdf https://gasprices.aaa.com/ http://www.sca.isr.umich.edu/ https…

6-7-22 - Stay Close to Your Customers

NEWS ROUNDUP 1 Small businesses continued shedding jobs in May, even though the overall job market remained strong. Businesses with less than 50 employees lost a total of 91,000 jobs, according to the ADP Small Business Report. https://adpemploymentreport.com/2022/May/SBR/Report ---------- 2 Consumers are planning changes to their buying habits to cope with rising costs. According to a survey released last week by BMO Harris Bank, 42% of respondents are avoiding brand names, opting for cheaper items, and buying only essentials when they shop for groceries. https://newsroom.bmoharris.com/2022-05-31-BMO-Real-Financial-Progress-Index-Inflation-Causing-a-Quarter-of-Americans-to-Delay-Retirement ---------- 3 Small businesses selling on Amazon could see a boost to their top line soon. The e-commerce giant is testing a badge identifying items offered by third-party sellers that are small businesses. How to Get Amazon Small Business Badge https://www.youtube.com/watch?v=nd0BCa6e6ZY…

5-31-22 - Accepting Cryptocurrency Payments

NEWS ROUNDUP 1 Small business CEOs are growing concerned about a recession, according to a report published earlier this month by the Wall Street Journal and business-coaching firm Vistage Worldwide. 57% of small businesses believe the economy will worsen in coming months. https://www.vistage.com/research-center/wp-content/uploads/2022/05/WSJ-CEO-Survey-0522.pdf ---------- 2 As gas prices continue to surge, there may be some relief coming for small business owners. A group of 18 US House members sent a letter to the IRS Commissioner earlier this month asking him to increase the optional standard mileage rate used to deduct the cost of operating an automobile for business purposes. https://rubengallego.house.gov/sites/evo-subsites/rubengallego.house.gov/files/evo-media-document/Gallego%2C%20Davids%202022%20Standard%20Mileage%20Rate%20Letter.pdf ----------- 3 51% of small business owners are worried that inflation could force them to shut their doors within the next six months.…

5-24-22 - Boost Your Customer Communications With Text Messages

NEWS ROUNDUP 1 The Small Business Administration is offering a great opportunity for free, executive-level training through its T.H.R.I.V.E. Emerging Leaders Reimagined initiative. https://sbathrive.com/ ---------- 2 Small businesses in the manufacturing sector continue to be more optimistic about recovering from the pandemic’s economic hardships than their peers in the services sector. https://www.nfib.com/content/press-release/economy/new-nfib-report-industry-specific-small-business-economic-trends-survey/ ---------- 3 The US Senate failed to advance a small business aid bill last week, which would have allocated $48 billion to help restaurants, gyms, live event servicers, and other firms impacted by the pandemic. https://www.congress.gov/bill/117th-congress/senate-bill/4008 ---------- FEATURE - Boost Your Customer Communications With Text Messages Text messages can boost your customer communications. Consider this fact: 98% of text messages are read within 3 minutes…

5-17-22 - Small Business Spending and Deposits Are Up

Small businesses increased both spending and deposits from April 2021 to April 2022, according to a new publication by the Bank of America Institute. https://business.bofa.com/content/dam/flagship/bank-of-america-institute/economic-insights/small-business-checkpoint-may-2022.pdf ---------- Indeed.com’s 2022 State of Small Business Hiring Report found that small businesses are struggling to keep and retain workers. https://www.indeed.com/press/releases/indeed-launches-50m-small-business-hiring-fund?hl=en&co=US ---------- Small businesses are being targeted more often by cyber criminals, according to research by Barracuda, a cloud and network security company. https://assets.barracuda.com/assets/docs/dms/Spear-phishing-vol7.pdf ---------- This podcast is sponsored by Mai Thai Premium Coffee. Listeners of this podcast, enter the promo code FLASH at checkout for a 10% discount! https://maithaicoffee.com/. I would love to hear from you! Please email me at adam@smallbizflash.com.

5-10-22 - Segment Customers and Build Community to Battle Falling Consumer Confidence

Small businesses actually lost jobs last month, even though the overall job market remains strong. The culprit? Employees are going to larger companies that can pay higher salaries. https://adpemploymentreport.com/2022/April/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-April2022-Final-Press-Release.pdf https://adpemploymentreport.com/2022/April/SBR/SBR-April-2022.aspx https://www.goldmansachs.com/citizenship/10000-small-businesses/US/news-and-program-information/pages/10ksbv-press-release-25-apr-2022.html ---------- The US Chamber of Commerce advocates for a Small Business "Bill of Rights". https://www.uschamber.com/small-business/u-s-chamber-calls-on-congress-to-support-small-business-growth ---------- Facebook-parent Meta and Adobe have teamed up to offer free training on creative and marketing skills called "Express Your Brand". https://blog.adobe.com/en/publish/2022/05/03/its-about-get-easier-express-your-brand-adobe-meta-partner-to-provide-small-businesses-with-essential-creat…

5-3-22 - Inflation Erodes Earnings; Fight Back With Long-term Contracts

Small businesses continue to grapple with inflation. According to a newly released poll, 93% of owners revealed their companies are being substantially or moderately impacted by rising prices. As bad as it is now that the vast majority of companies are seeing inflation take a bite out of their income statement, more trouble could be on the horizon, because economists worry about consumer behavior as inflation persists. Locking in long-term contracts is one inflation busting tactic. This podcast is sponsored by Mai Thai Premium Coffee. Listeners of this podcast, enter the promo code FLASH at checkout for a 10% discount! https://maithaicoffee.com/. If you would like to contact us, we'd love to hear from you! Please email Adam at adam@smallbizflash.com.

4-27-22 - The Metaverse and Consumers

The metaverse is a hot topic, but few really understand it. In a poll, 48% of people had never even heard of the term “metaverse.” But small business leaders need to prepare now for the coming hypersonic growth of the virtual world. Amazon is making two changes that will impact small business merchants. National Small Business Week is May 1-7, and your small business can tap into some resources during the week. This podcast is sponsored by Mai Thai Premium Coffee. Listeners of this podcast, enter the promo code FLASH at checkout for a 10% discount! https://maithaicoffee.com/. If you would like to contact us, we'd love to hear from you! Please email Adam at adam@smallbizflash.com.

4-14-22 - Inflation Has Business Owners Down

Strategies small business owners and managers can use to cope with cost increases. If you would like to contact us, we'd love to hear from you! Please email Adam at adam@smallbizflash.com.

4-20-22 - Getting a Loan Is Tough

85% of small businesses experienced financial challenges in 2021, up from 66% in 2019. At the same time, small businesses saw a reduction in the rate at which they were getting their full funding needs met - from 51% in 2019 to 30% in 2021. Alternative financing strategies. Other current headwinds facing owners and managers - including supply chain challenges and new hire ghosting. If you would like to contact us, we'd love to hear from you! Please email Adam at adam@smallbizflash.com.

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