As we keep importing more goods traffic is going through the roof. As outlined by Axios: Consumer demand continues to push U.S. ports to new limits, Axios’ Hope King writes. The push to get goods onshore now comes from retailers wanting to get ahead of the Lunar New Year holiday… Read More »Port Traffic At Record Levels
The Producer Price Index for final demand increased 0.8 percent in November, seasonally adjusted, this is usually a forecast of consumer price increases coming in the future. As outlined by Axios: An index of wholesale prices rose 9.6% compared to a year ago, its largest annual gain since the government… Read More »November Producer Price index
Often overlooked by business owners UNTIL the time of a sale are contracts…and believe me, it significantly impacts the value of your company on whether or not contracts are assignable. You do not want to negotiate assignability at time of sale! This may open the door for customers/suppliers to highjack your… Read More »Are Your Contracts Assignable
Americans are not stupid, the number one indication of a good economy is how much they can purchase with their cash. The survey from The Economist/YouGov and article from Axios: A new poll is the latest sign that while jobs numbers are good and the stock market may be at… Read More »Indication of A Good Economy
Great customer service is what keeps customers coming back, this graph gives a good overview along with the below articles from Zendesk Blog: 1. More than 65% of people have higher expectations for customer service today than they did three to five years ago. (Netomi) Based on this stat, brands… Read More »Opinion of Good Customer Service
Overwhelmingly getting custom base was the number one reason. Then Labor and finally Revenues and Cash Flow.
It looks like inflation is here to stay, the chart shows which products have increased the most. As outlined by Axios What’s new: Consumer costs rose at the fastest pace since 1982. Strip out volatile energy and food components, and it’s the quickest pace since 1991. “The narrative that inflation… Read More »Price Spikes by Product
The increases in copper prices should be good for the Arizona and Arizona copper mines and all the jobs those mines support. As outlined by Axios: Copper prices, which catapulted to record highs this year, may find some staying power. And the government of Chile, the world’s largest producer, holds… Read More »Copper Prices
The hard truth is, many businesses will sell at a low price or not sell at all. Why? Because those business owners don’t understand how to create value and minimize risk for a new owner. Or they don’t understand how a business is sold. Business owners need to learn how… Read More »Tip #37 Business owners need to know what it takes to sell a business!
The gig economy has taken off in the past couple of years, below is a breakdown of the gig workers as surveyed in Aug 2021 in Axios: Axios’ Courtenay Brown writes: One in six Americans have earned cash through gig apps — DoorDash or TaskRabbit, for example — per new… Read More »Gig Economy