I've had several conversations with staff and customers about problems resulting from the turmoil of our labor market. In April and May of this year alone a record 8 million people quit their jobs either voluntarily or otherwise. The labor force participation rate was 61.7% in July 2021, 1.7 percentage points below the level in January 2020, before the pandemic and the economic recession. Business owners are also dealing with supply chain issues and the busy holiday season is here as well. While I can't
Tina Wolfe
November marks the official month honoring the courage, fortitude, innovation, hard work, and sacrifice of the independent operator, the business owner, the sole-proprietor, the shopkeeper, the American dreamer! Entrepreneur and New York Times Best Selling Author, Harvey Mackay recently wrote a great column on the traits and characteristics of the Entrepreneur that I wanted to share with our readers.
Tina Wolfe
Ask any business owner what their cost of goods are, or their comp sales and they can probably rattle off numbers. Ask about their core values and company culture, they might not answer so quickly. Although vitally important to the success of any business, core values are tough to measure in a tangible way.
Tina Wolfe
Halloween may not seem like a golden opportunity for catching customers — it’s not often associated with major shopping seasons like Christmas or back-to-school. But, even with pandemic-related restrictions in place, the National Retail Foundation reported that the average American spent $92.12 on candy, costumes, and decorations in 2020 and estimated that the country spent a total of $8.05 billion on the holiday. Halloween promotions can help you get in on this spending.
Alaina Brandenburger, Activate.com
Since Covid-19, the shutdowns, and the subsequent Federal recovery efforts, I’ve been keeping up on the job market, nationally and here in McDowell. And I’m not just reading the news stories and taking note of the job numbers. I’m talking to our members, I’m seeing them struggle to find workers, posting their jobs on our website, and reading their job postings.
Tina Wolfe
Just launched your construction business? This free webinar will cover the basics of construction accounting and help you focus on the actual construction.
Tina Wolfe
Every business needs a solid plan that outlines the road to success. Once the plan is written, what steps should you take next? How can you avoid making mistakes? You can go it alone and get answers by making actual mistakes. Or you could save yourself a little headache and hassle by aligning with an organization like the McDowell Chamber of Commerce and implement the tips below.
Gloria Martinez
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. Some of our own establishments have taken advantage of this assistance but many more, may not know about the program or how it works. Here are the top three things you need to know about the Restaurant Revitalization Fund.
Tina Wolfe
There are 7.7 billion potential clients out there in the world. And although that number obviously decreases exponentially with each business, the point is, we can’t possibly serve everyone, everywhere. More important than cost of goods or competitor pricing is how well you know your target audience and how much they value your services or product.What every business needs to consider when establishing pricing for its product or service offered. Follow these five tips to determine the value of the products
Tina Wolfe
In celebration of Black History Month I recently featured Earl on a special event, Celebrating Black Entrepreneurship where his words of wisdom, song, and encouragement left us all feeling empowered and committed to giving our best to each other and the community in which we live and work.
Tina Wolfe