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U.S. States That Have Started Opening Up for Business

businesses

U.S. States That Have Started Opening Up for Business

After more than a year of living through the pandemic, most of the signs lately suggest that the U.S. has turned the corner in the fight against COVID-19.

Average daily case numbers nationwide have fallen by around 80% from their peak in the U.S., from more than 250,000 per day in early January to just under 50,000 per day in early May. After a bumpy initial rollout, vaccines are now available to all adults nationwide, and the U.S. averaged more than 2 million doses administered per day during March and April. While COVID-19 still presents risks—more contagious variants continue to spread in some parts of the U.S. and vaccine hesitancy has begun to slow down the number of doses administered—a return to normalcy for many Americans now seems closer than it has at any point since the pandemic began.

More states and local governments are responding to these encouraging developments by loosening or entirely lifting restrictions that have been kept in place to minimize the spread of COVID-19 during the pandemic. Meanwhile, individuals are increasingly resuming their normal lives, comforted by the protection of the vaccines and the diminished spread of the virus.

This is all good news for the economy. Survey results from the Bureau of Labor Statistics show that more than half of U.S. businesses experienced reduced consumer demand as a result of the pandemic, leading to job losses and lost income. But as the COVID situation improves and restrictions are rolled back, policymakers and business owners are optimistic that economic activity will return to pre-pandemic levels this summer.

According to community mobility data that Google has collected during the pandemic, visits to retail and recreation establishments, transit stations, and workplaces (strong indicators of overall business activity) are still below their baseline levels from early 2020 but are moving in the right direction. Retail and recreation establishments are showing particularly positive trends, nearly returning to their baseline levels this spring with the drop in COVID cases and increase in vaccinations. Visits to transit stations and workplaces are down by around a quarter on average, a product of many workers continuing to work from home and forgoing business travel, but both categories have seen incremental increases since the start of 2021.

In addition to differences by type of establishment, reopening trends also vary significantly from state to state according to the Google data. One of the major reasons why states have reopened at different rates is that public attitudes toward COVID-19 became highly politicized throughout the contentious 2020 election cycle and beyond. This has affected both individuals’ behaviors and governments’ approach to public health restrictions: in general, more politically conservative areas have moved more quickly toward reopening and their politically liberal counterparts have shown more caution. Many of these more conservative states are also more rural and less densely populated, factors that also lower some of the perceived risks associated with COVID-19.

To identify the states that have reopened most quickly, Filterbuy researchers used data from Google’s COVID-19 Community Mobility Reports to create a composite index based on April 2021 visits to retail and recreation, transit, and workplace establishments. Filterbuy’s research team calculated the percentage change in visits to such establishments compared to a pre-pandemic baseline period of January 3 to February 6, 2020.

Here are the states that have started opening up for business.

State Rank Composite index Retail & recreation change from baseline Transit stations change from baseline Workplaces change from baseline

 

Montana    1     97.93 6.1% 14.6% -14.6%
South Dakota    2     97.23 5.6% 15.4% -13.6%
Idaho    3     92.47 6.0% 14.2% -16.9%
Arkansas    4     91.10 5.8% 13.2% -16.9%
Mississippi    5     87.03 5.3% 21.9% -19.0%
Iowa    6     85.00 5.4% -3.9% -15.8%
Oklahoma    7     83.63 2.5% 11.1% -17.3%
South Carolina    8     81.60 5.1% 13.8% -20.6%
Nebraska    9     78.17 1.9% 4.7% -18.1%
Alaska    10     77.50 2.8% -8.5% -16.7%
West Virginia    11     77.50 1.7% 6.1% -18.1%
Kansas    12     77.50 -1.0% 9.7% -17.7%
Missouri    13     76.83 3.1% 0.9% -18.8%
Alabama    14     76.83 1.2% 7.6% -18.2%
Wyoming    15     75.47 -4.6% 12.6% -16.7%
United States    –     N/A -8.3% -24.9% -25.7%

 

For more information, a detailed methodology, and complete results, you can find the original report on Filterbuy’s website: https://filterbuy.com/resources/states-that-have-started-reopening/

retailers

Reinventing Retail: 6 Ways Retailers Can Drive Customers Back In-Store

We’re about to experience one of the biggest booms in the history of retail. As the world continues to recover and stabilize, we are entering unimaginable levels of consumer spending. By all predictions, the second half of 2021 will result in a highly competitive race between marketing investment and retail spending that will fuel unprecedented retail expansion.

The last 16 months have led to dramatic changes to the retail landscape and consumer expectations overall. The global pandemic has shuttered many retail operations and crippled the in-store experience. It’s no surprise that customers not stepping foot in-store is a massive and multi-faceted problem for retailers.

No retailer could have predicted the current situation and the preceding events that brought us here, but that’s all about to change. With the global economy on the verge of breakthrough growth, now is the time to reflect and reinvent retail to attract consumers, bring them back in-store, and capitalize on the massive opportunity that lies ahead.

Here are six ways retailers can drive customers back in-store to reinvigorate growth.

 

Start With A Fresh Perspective

Before a wave of customers floods your store, it’s essential to start with a fresh perspective.

What drives your customers? Why would they want to come in and shop? What have they been missing over these last 16 months?

No amount of tactics will help attract customers in-store unless you can provide what they’re looking for—and delight them in the process.

Being fully stocked with the latest SKUs, along with having updated displays and a revitalized interior, are the bare minimum to motivating customers to set foot in-store. In addition, having enough staff available to provide prompt and friendly service is essential.

Give Them A Reason To Visit

Many customers will need an incentive to justify coming back in-store, so give them one. Whether it’s exclusive discounts, priority access to limited-quantity items, a loss leader, or a free bonus for stopping by, make sure that you give customers a reason to visit.

Remember that not all customers want the same thing, so you’ll need to use various incentives to cater to the different types of customers you have. In addition, you can use triggers like new products, inventory restocks, customer birthdays, or other events to solicit customers to stop in. Starbucks does this exceptionally well with their rewards program where they offer double points (called stars) based on the customer’s purchase history and behavior.

Amazon Prime delivers unparalleled (and frankly unbelievable) delivery times on many products, but often even overnight shipping is too long for customers to wait. Retailers can play to their advantage by promoting in-store availability on products that customers are eager to have the same day.

Do everything you can to find creative and personalized ways to motivate customers to come back in-store. There is no silver bullet; you must regularly test new ideas and offers to see how customers respond.

Create A Memorable Customer Experience

When customers return in-store, you must deliver a memorable and favorable experience. This experience could include creative point-of-purchase displays, free samples, or self-checkout. Think about the experience you want customers to have and find ways to surprise and delight them at every touchpoint.

Trader Joes is famous for its exceptional customer experience. There are many stories of employees giving free flowers to customers who are going through challenging times. Similarly, Chick-fil-a is world-renown for its impeccable operational process and unheard-of attitude and kindness.

It’s not enough to deliver the same experience as you did before. Level up your customer experience by defining new procedures that will make your customers leave the store happier than when they entered.

Drive Traffic From Digital To In-Store

To get customers back in-store, you have to reach them where they are, and that means digital. Use your social channels to get the word out and stay current with customers. Similarly, your email marketing and website should both generate awareness and in-store visits.

Paid digital advertising is incredibly effective for reaching the right customers at the right time. Two of the most powerful digital advertising capabilities are targeting specific customer segments and testing offers and incentives to see which work best.

Use your digital marketing wisely and ensure it plays a cohesive role in helping drive awareness and foot traffic to your locations.

Retrain Your Customers

The harsh reality is that consumers are lazy—and they’ve been trained to become even lazier. Delivery and curbside pickup have become mainstream, and many consumers prefer this convenience over setting foot in a store.

You have to retrain customers how to shop with your business, which means cutting back on the convenience factor. To drive in-store visits, you must create an experience where the past of least resistance—and highest value—is through the door.

All of the tactics mentioned above can help create such an experience, but the key takeaway here is to make sure you’re not cannibalizing your efforts. Any curbside and delivery options should include flyers or catalogs that help customers understand what’s available in-store and why it’s worth their time and effort.

Keep Them Coming Back

Getting customers back in-store will require effort—and you want to make sure you maximize your chances of customers coming back and telling others to do the same.

One of the best ways to get customers to return is by giving them a tangible, monetary reward. Kohl’s is famous for “Kohl’s Cash” which is essentially a voucher for a fixed amount of money that you can apply to your next purchase within the specified redemption period. The key detail being the redemption period, which is always a week or two in the future—meaning you have to come back again to use it.

In addition to generating return visits, consider why a customer would spread the word and tell others to stop in. Small gestures go a long way, and anything you can do to help customers become advocates will add up incrementally to drive a sustainable increase in in-store visits.

It’s Time To Reinvent Your Approach To Retail

Now is the time to reinvent your approach to retail. The world has changed, and there is no returning to normalcy. There was no advanced warning of how drastically retail would be affected and the long-lasting impacts the pandemic would bring. Treat this as your forewarning of the opportunity that lies ahead.

Customers are tired of the predictable retail experience, and you must invest in creating an innovative experience that can satisfy customer demands while exceeding their expectations.

The retailers who prepare and invest in the reinvention of retail will thrive and experience unprecedented levels of customer acquisition, satisfaction, and retention. Retail will never look the same again—and that’s a good thing for those who are willing to evolve.

_____________________________________________________________________

Tim Parkin, President of Parkin Consulting, is a consultant, advisor, and coach to marketing executives globally. He specializes in helping marketing teams optimize performance, accelerate growth, and maximize their results.

By applying more than 20 years of experience merging behavioral psychology and technology seamlessly, Tim has unlocked rapid and dramatic growth for global brands and award-winning agencies alike.

He is a speaker, author, and thought leader who is featured frequently in industry publications. Please visit www.timparkin.com for more information on Tim’s services and his private community of marketing executives.

digital marketing

Why Small Businesses Need to Embrace Digital Marketing

In the last decade, marketing has shifted in a different sphere. With the rise of technology and social media, we got introduced to a new branch of marketing which is digital marketing.

In many ways, digital marketing is no different than traditional marketing. Digital marketing is the use of the Internet to reach consumers.

But digital marketing has replaced most traditional marketing tactics because it’s designed to reach today’s consumers online, and as we know, the digital world is so trendy right now.

Our question is: why should small businesses embrace digital marketing? A simple answer: Because it’s the future. With the rise of social media, digital marketing is a new trend.

If you’re not sure how to do this, we are about to give you some of the most efficient tips and tricks that will for sure grow your business.

So, let’s dive in. How to make a business rise in digital marketing:

 

1. Make a strategy

Before even starting with anything, it is a good habit to make a strategy and know what you are expecting for your business, whether it is a new, a small, or a big one. Strategies are what keep your business on track and always evolving. Also, social media strategies are what make your business pop up more, and we will talk about this later on.

2. Make a user-friendly website

Having a website is a good start. But, it doesn’t mean that you cannot succeed if you don’t have a website. However, this section is about those who want to have a website. A good and easy way to build a website is WordPress. We are not sure what your field is, however, WordPress is free and most of the themes there are free. If you want a more customized website you can hire a web developer, or now with the quarantine going on, it is a very smart idea to hire freelancers. Another way is that you can hire a digital marketing company to do all these for you. But, again, this is something you can do yourself, it just needs a little more time.

3. Search Engine Optimization

If you haven’t heard about this, no worries, it is a new technique that digital marketers are using lately. Search Engine Optimization(SEO) is a technique that helps your website rank better on Google by using link building as the main source. However, it is divided into two parts, On-Page SEO and Off-Page SEO where:

On-Page SEO is 30%

Off-Page SEO is 70%

On-Page SEO is mostly focused on the website, making sure that your website has meta descriptions, best titles for crawling, keyword research, h1 tags, etc. Optimizing your website with SEO is a very important step. There are a lot of companies that offer such services, however, if you don’t want to spend your money on this you still can do it yourself, however, it will need some time.

Meanwhile, Off-Page is focused mostly on campaigns, where you need to work on backlinks and link building more. Why is this so important? Because link building is what will get you ranked on Google. More links linked to your website, the more visitors it will bring, and this way Google will rank it higher. Ahrefs is a very good tool to use if you want to track your competitors.

4. Keep track of your competitors

Since we already mentioned that you have to track your competitors, it is important to know the reason why. You need to track your competitors to see what they are doing, and be better than them! If you have very big competitors, it doesn’t really matter that you are a small company, use it as an advantage to get inspired and become better than them.

What are some of the benefits of digital marketing?

Benefits of digital marketing:

1. It’s free

Promoting your business on social media is mostly free. Because social media apps are free. However, if you want to promote it in a more advanced way then you have to pay for the ads. But, we would advise you not to because with the right social media advertisement you can attract as many clients as you want. We also need to mention that it is cheaper than traditional marketing.

2. You connect with your customers more

By using social media, you get really close to your customers and you get to know what they like and dislike more. This way, you get to hear their feedback even in a closer way. If they don’t like something, you will know right away, and then you will make it better!

3. You can reach a bigger audience

As we know, the internet is globally spread and it is used almost in every part of the world. This way, if you are located in North America, you can reach people in Western Europe by using social media. It won’t be a problem to do so because social media does this amazing thing for you. All you have to do is keep track of what your audience loves.

We really hope that we helped you out to start your own business and be in the spotlight with our tips.

decisions

Including More Voices In Decisions May Bring Discomfort – And Results

When companies struggle, whether because of a bad economy, poor decisions, or other factors, top management’s reaction is often to become tight-lipped about the turbulent situation.

Employees are shut out from strategy discussions, and any ideas they might have for fixing the problem go unheard.

But in many if not most cases, such secretiveness is the wrong approach and can even make things worse, says Joe Ferreira (www.joeferreira.com), the ForbesBooks author of Uncomfortable Inclusion: How to Build a Culture of High Performance in Life and Work.

“For organizations with tens of thousands of employees, it might make sense to limit who participates in strategy,” says Ferreira, who is CEO and president of the Nevada Donor Network. “But for smaller organizations, where every person contributes to a thriving culture and facilitates effective operations, there’s a lot of value in involving everyone.”

As his book title suggests, Ferreira calls this all-inclusive way of dealing with things “uncomfortable inclusion.” He put this philosophy into action when he came to the Nevada Donor Network in 2012 at a time when the organization was dysfunctional and on the verge of losing its membership in the Organ Procurement and Transplantation Network/United Network for Organ Sharing. That would have shut down the organization for good. Over time, with a few fits and starts along the way, the organization rose from floundering to soaring as a current world leader in the industry.

Ferreira acknowledges that uncomfortable inclusion is an approach that can be messy and difficult, but also says that involving the entire organization in strategy and problem-solving can “reinforce synergy, cooperation, and unity while cultivating better ideas and innovation.” And that’s true whether uncomfortable inclusion is put into action at a failing company, or simply activated at a place where leaders believe their teams and organization could be performing better, he says.

“It is critical to include everyone because ultimately the frontline staff knows best what their environment is going to look like tomorrow and likely a few years down the line, and they are best positioned to be innovators,” Ferreira says. “Why wouldn’t we have them as part of the planning process?”

He says some of the traits needed to embrace this inclusion approach include:                

Transparent. This one may be especially important because Gallup reports that millennials especially say they want leaders who are open and transparent. Uncomfortable inclusion means being transparent to the point of discomfort, Ferreira says. If it is not uncomfortable, you are not being inclusive enough. “When you’re transparent with team members and include them in decision-making, you create a network of stakeholders who participate even in small decisions,” he says. “When it comes time to make more impactful decisions, a leader can tap into that banked brain trust to make the best decision possible based on feedback from a proven set of deciders.” Ferreira suggests even taking transparency a step further by including your critics, something he did when he took over at Nevada Donor Network. “In my view, our critics and antagonists are the most important catalysts for growth and innovation,” he says.

Accountable. People within an organization need to be accountable for their actions and to each other. “I talk about how we’re serious about our values, and we hold people accountable,” Ferreira says. “It isn’t enough to be technically competent. Each member of our organization, regardless of title, role, or results, must adhere to our values. We maintain our commitment to quality and excellence, and we are supremely, publicly accountable when we fail.”                 

Committed. Adopting a more inclusive approach requires commitment, possibly a commitment to changing the organization’s very culture. But the goal may be more attainable than it first seems, Ferreira says. “Achieving success in a seemingly hopeless situation requires hard work and a committed mindset, but it does not require the reinvention of the wheel,” Ferreira says. “It does not even require luck. All it requires is willingness and a mind open to learning and implementing actions that can facilitate transformative success.”

“Make no mistake, doing this is messy and hard,” Ferreira says. “It might seem unnecessarily difficult, complicated, and yes, uncomfortable. But keep chipping away and remember this: Success is achievable, even from the bleakest and most dysfunctional starting points.

_______________________________________________________________

Joe Ferreira (www.joeferreira.com), the ForbesBooks author of Uncomfortable Inclusion: How to Build a Culture of High Performance in Life and Work, is CEO and president of the Nevada Donor Network. Ferreira speaks and consults worldwide about establishing and improving organ donation and transplantation systems he’s helped pioneer in the United States. He served as the director of clinical operations at the Life Alliance Organ Recovery Agency in Miami, and is the recipient of the Kruger Award for Outstanding Professional Transplant Services. He holds a bachelor of science in microbiology and immunology and an MBA with a specialization in healthcare administration and policy, both from the University of Miami.

DDos

Why DDoS Attacks Are the Biggest Threat to Your Business in 2021

In the 21st century, it’s hard to imagine functioning without technology. Just think of how many times a day you look at your phone or switch on your computer. When you need an answer, you turn to Google; when you want to relax, Netflix is there. In fact, it seems that the internet can take care of your every need — be it social, financial or recreational.

Unfortunately, though, technology isn’t just useful to you but also to those who want to harm you. As technology grows more advanced, hackers and cybercriminals obtain new and sophisticated tools to launch their DDoS attacks, threatening your safety. But what is a DDoS attack, and why is it so dangerous? Keep reading, and you’ll find out!

What Are DDoS Attacks?

DDoS stands for distributed denial of service, and it’s one of the most common tactics hackers use to bring down a server. To put it simply, they flood a network with so much traffic at once in order to overwhelm the server, and it crashes. To do this, hackers use a large group of compromised computers called a botnet.

Now, the problem is that anyone can become a part of a botnet without even realizing it. If your antivirus program isn’t up to date, or you visit unsafe sites, your computer can become infected by malware. Contrary to popular belief, malware doesn’t just corrupt your files or damage your device. In fact, hackers often use it to covertly gain control over your computer and use it for their malicious purposes.

An infected device works as usual, but you’re no longer in charge. The actual owner, the hacker, can order your device to start sending requests to a server of their choice, along with hundreds of other devices. Ultimately, that leads to a crash.

Of course, servers can crash when they gain a lot of traffic naturally. But that’s not a DDoS attack — DDoS always comes with malicious intent. The hacker who’s launching it rarely does so just for fun – they usually have rather serious motives.

Why Do Hackers Perform DDoS Attacks?

If you’re new to the world of cyberattacks and criminals, it might not be obvious what the purpose of DDoS is. What could a hacker gain from disrupting a server? Sadly, there’s no easy answer — the motives behind these attacks vary. Here are some of the most common reasons.

Financial Gain

Hackers often use DDoS attacks to target corporations and large businesses, knowing that they have high profits. Once they bring their servers down, they send a message asking for a ransom. The network stays under their control until they receive the sum they asked for, after which everything goes back to normal.

Ideology

Political and ideological wars are no longer waged out in the battlefield. These days, the real frontlines are in cyberspace. Whether it’s rebellious groups using hackers to protest against oppressive governments or those governments targeting protesters, DDoS attacks are commonly used in this type of warfare.

Gathering Information

If a large business handles lots of private information, it can easily become the target of a DDoS attack. In such a case, the attack serves as a distraction. While everyone is busy trying to resolve the problem, the hacker gains access to classified records and finds the information they need. The most sophisticated hackers leave very little trace, and no one even knows they were there.

Why Are DDoS Attacks Detrimental to Businesses?

Whatever the hackers’ motives may be, the most common DDoS attack targets are businesses. Large or small, they all face a similar danger as long as they are online. But how can a DDoS attack hurt your business, exactly?

Just imagine that a hacker attacks your company’s servers and brings them down for a few hours. The customers that would typically visit and purchase your products suddenly don’t have access to your site. New clients may be trying to visit your site too, but when they see that your website isn’t functional, they’re unlikely to return. In short, you can lose hundreds, if not thousands, of dollars as well as potential new clientele.

The longer your servers are down, the worse it gets. Soon enough, you’ll need to hire a team of experts to deal with your problem, which obviously won’t come cheap. On top of that, the hacker might ask for ransom, and after a few hours of losses, you’ll probably be more than willing to pay it.

But the worst damage you’ll suffer isn’t financial — it’s reputational. If your clients find out that your servers were hacked, they might have trouble trusting you with their personal information. No matter how loyal they were in the past, no one wants to believe their personal information is vulnerable. Soon enough, your pristine reputation will be tarnished, and not even by your own fault!

The only way to avoid this worst-case scenario is to put in place measures against DDoS attacks. That means you’ll need firewalls, antivirus software and perhaps even a special IT department to monitor your servers. It will surely cost you more, but in the long-run, you’ll be glad to have some peace of mind.

Protect Yourself Against DDoS Attacks

DDoS attacks are not child’s play — in fact, they have become the biggest threat to businesses in 2021. If anything, this threat will only get worse as our world becomes more digital. Don’t let yourself become a target; start looking into DDoS protection today. It’s the only way to ensure your customers’ safety and your company’s rise to success.

________________________________________________________________

MJ Shoer is SVP, Executive Director, CompTIA ISAO, at CompTIA, the Computing Technology Industry Association. CompTIA is the world’s leading tech association. Its mission is to advance the global technology industry. The CompTIA ISAO is an Information Sharing and Analysis Organization whose mission is to raise the cybersecurity resilience of the global tech industry. MJ has over 30 years’ experience in the IT industry, having founded and run an MSP for nearly 20 years before it was acquired as well as consulting with MSPs, SMBs and channel organizations.

asset management

The Path To Business Success? Treat Employees As Assets, Not Expenses.

Any number of factors can cause businesses to struggle. A lack of working capital. Poor planning. Ineffective management.

But one factor that always affects business performance is employee engagement and the degree to which employees feel valued by their company, says Bill Lyons, the ForbesBooks author of We Are HR: The Business Owner’s Definitive Guide to Professional Employer Organizations.

“Your company’s profitability depends on its people – and you want your team to be composed of the brightest and the best,” says Lyons, who also is the CEO of Lyons HR (www.lyonshr.com), one of the largest privately held Professional Employer Organizations in the country. “In this labor market, to recruit and retain the best people you have to first make your company a desirable and compelling place to work.”

That means offering attractive wage and benefit packages, along with a healthy workplace culture that keeps employees engaged and productive.

“Instead of seeing employees as an expense,” Lyons says, “businesses need to view them as assets that help improve the bottom line.”

In his work, Lyons says he has learned that there are four pillars of profitability that are critical to business success, and all four in some way impact employees. Those pillars are:

Payroll. Employees expect the correct amount of money to arrive in their bank accounts on time and they want their information easily accessible online, Lyons says. That sounds basic, but businesses sometimes fail to make payroll, or they commit errors when deducting for things like taxes and benefits withholdings. “An employee’s paycheck is what enables them to meet life’s responsibilities,” he says, “so payroll errors and omissions are not things that can be tolerated.”

Employee benefits. If businesses don’t offer such benefits as health insurance or a retirement plan, the better employees will look elsewhere, Lyons says. But smaller businesses usually are at a disadvantage when compared to larger competitors. For example, in 2018 about 85 percent of workers at businesses with 100 or more employees were offered a retirement plan. In contrast, just 53 percent of workers at businesses with fewer than 100 employees had such plans, according to a Department of Labor report. The report said cost and regulatory complexities are factors discouraging small businesses from offering retirement plans.

Risk management. Many small businesses have a certain level of risk baked into their business models, Lyons says. “They may rely on heavy equipment, vehicles, machinery or other factors that can potentially threaten the safety of the workplace,” he says. “The question is: How effective is your risk management program?” Often small businesses that have a clear exposure to employee injuries do not have any formalized risk management program in place. “It’s important to prioritize and clearly communicate this risk management program so employees know the company views their safety as paramount,” Lyons says.

HR compliance. A myriad of employment laws and regulations have been passed through the years and businesses need to make sure they are in compliance, Lyons says. “The workplace is a melting pot of liability for employers,” he says. “Are your hiring practices lawful? What about your compensation plan, is it discriminatory? What about terminations, do you have all the bases covered? How do you determine when an employee deserves a promotion or a raise?” It’s important to have an updated employee handbook that addresses all these issues along with current job descriptions that are compliant. This makes things clearer, Lyons says, for both management and employees, who like to know where they stand.

“To truly drive employee performance,” Lyons says, “you also need to drive employee engagement – the emotional commitment that each individual team member has to their organization and its goals. Healthy employee engagement means a person truly cares about their work and their company. It’s up to owners and managers to create an environment where everyone is allowed and encouraged to consistently produce their best work.”

________________________________________________________________

Bill Lyons, the ForbesBooks author of We Are HR: The Business Owner’s Definitive Guide to Professional Employer Organizations, is the CEO of Lyons HR (www.lyonshr.com), one of the largest privately held Professional Employer Organizations in the country. Lyons has more than three decades of experience and has helped hundreds of businesses drive performance, control HR and labor costs, increase profitability, and mitigate employment liabilities. Before starting Lyons HR Prior in 1995, he held positions in accounting and finance for both private and publicly held companies.

taylor machine works

Made in Mississippi: Taylor Machine Works

‘Made in Mississippi’ is known around the world as a stamp of quality. Some of the most sought-after and recognized products are produced in Mississippi by the state’s skilled workforce. Companies like Toyota, Northrop Grumman and Ingalls Shipbuilding are among Mississippi’s most notable employers, manufacturing some of the strongest, most reliable products for consumers in domestic and international markets. 

Many of the state’s largest exporters, however, are homegrown Mississippi companies – companies that started small, planting roots in small towns and working hard to make a name for themselves in international markets and maintain their competitive edge. These are the companies that have globalized the state’s economy and let the world know Mississippi means business. 

Taylor Machine Works, based in Louisville, Miss., is a prime example of one such company exporting to markets around the world. Taylor was started nearly a century ago as a mom-and-pop small automotive repair shop. Over the years, the company has evolved and today is one of the largest privately held manufacturers of industrial lift trucks in the U.S. In fact, Taylor is now a major progressive force in the worldwide materials handling equipment industry, with its “Big Red” line of forklifts, log stackers, container handlers and reach stackers on the job around the globe. 

“It is a great honor to design and manufacture world-class products here in Mississippi by Mississippi people and send them around the world in so many countries,” said Taylor President and COO Robert Taylor.

The Taylor Group of Companies, through Taylor International, opened its first factory-direct office in Monterrey, Mexico in 2019. In 2020, Taylor opened its second and third international factory-direct offices in Manzanillo, Mexico and Barranquilla, Colombia, respectively. The recent openings of these offices are a result of how respected and preferred Taylor-made products have become internationally. During a recent trip to Mexico, Taylor team members met with several operators of Taylor container handlers and forklifts – equipment still in use today that was manufactured in the company’s Louisville, Miss., flagship factory in the 1970s and 1980s.

While international sales and exports are not new to Taylor, the company has a renewed focus on its international efforts, including the development of a worldwide dealer network. New dealers of Taylor equipment are located in Guam, Panama, Costa Rica, Guyana and Suriname, with more planned in the near future in Latin America and the Caribbean. Taylor-made equipment also can be found in countries such as Tanzania, Papua New Guinea, Chile, Malaysia and Saudi Arabia. 

“At Taylor, we are fortunate to have a tremendous wealth of talented and hardworking people in Mississippi that help Taylor remain competitive in the global marketplace,” said Taylor Machine Works Director of Sales Hal Nowell. “Despite the impact of COVID-19 in the U.S.A. and the world, our international sales have been stronger than ever. We have also stayed committed to our international efforts by opening our second subsidiary in Mexico and our third one in Colombia, South America this year. These subsidiaries along with our new established dealers allow us to export more equipment and parts made in Mississippi to various parts of the globe.”

The Taylor Machine Works success story is echoed among countless other Mississippi companies making a name for themselves in countries throughout the world. In 2019, Mississippi exported nearly $12 billion in goods and services to 206 countries. From 2018-2019, the state’s exports increased by 2.34 percent. In addition to Taylor, companies contributing to that growth were Tupelo, Miss.-based Hyperion Technology, an engineering services company that provides technology and development support to governments and industry; and Philadelphia, Miss.-based Thomasson Lumber, a leader in the agribusiness industry that pressure-treated utility poles and quality pressure-treated piling products to consumers. 

While these companies are led by the ingenuity and innovation of their founders and employees, they are supplemented by Mississippi’s strong portfolio of advantages, which provides the right formula to ensure they find lasting and sustainable growth and success in the state.

Mississippi offers companies a well-trained, productive pipeline of workers; exceptional workforce training opportunities to ensure that as companies evolve, their employees do, as well; and research universities with strong reputations for partnering with industry to move manufacturing ideas from concept to reality. 

Additionally, Mississippi’s prime location in the Southeast U.S. and exceptional transportation network are strong advantages for the state’s exporters. Centrally located between the East and West coasts, Mississippi provides easy access to major U.S. markets, the majority of which are within a day’s drive.  

The state boasts six interstate highways, 76 airports, 30 rail systems covering 2,500 miles of track and three navigable waterways: the Mississippi River to the west, the Tennessee-Tombigbee River to the east and the Gulf of Mexico to the south. Mississippi also is home to 15 ports, including two deepwater ports on the Gulf of Mexico, which provide quick, convenient access to international markets.

The world depends on Mississippi. Mississippi delivers. To learn more, call 800.360.3323 or go to mississippi.org

startup

Cities With the Most Startup Businesses

Startups are a significant driver of the U.S. economy. Each year, thousands of entrepreneurs launch new businesses that create jobs and spur innovation and efficiency across the market. According to the U.S. Census Bureau, more than 420,000 startups accounted for 2.2 million new jobs in 2018.

Unfortunately, entrepreneurship in the U.S. has been declining for decades. In the late 1970s, the startup formation rate in the U.S.—defined as the number of new firms in a given year divided by the total number of firms—was nearly 14 percent. Four decades later, the rate was just above 8 percent

One of the major factors contributing to this trend is firm concentration. In recent decades, many sectors have shown a trend toward consolidation and greater concentration in the market, making large firms even larger and more successful through economies of scale, network effects, and other incumbent advantages.

Economic downturns also tend to slow startup formation, and the Great Recession’s effects on new business creation have proven to be especially stifling over the last decade. Unlike in past recessions, when a dip in startup activity has been followed by a period of growth, the overall startup formation rate fell in the wake of the Great Recession and has more or less remained flat at around 8 percent since. With less economic security due to a long, uncertain recovery, many potential entrepreneurs chose to minimize their risk and forgo new business opportunities. This is especially true of many would-be founders now in their late 20s and 30s, who graduated in a poor job market with large debt burdens.

This past year, the COVID-19 pandemic has brought even more economic hardship, and the unique circumstances of this downturn have created an even more complicated picture. In addition to the typical barriers to entrepreneurship that a recession creates, different industries face divergent fortunes in the era of shutdowns and social distancing. Certain sectors have become even more entrenched in daily life, creating new opportunities for growth in areas like e-commerce, video conferencing, online education, and collaboration tools. On the other hand, COVID-19 is likely to further suppress startup activity in many sectors like accommodation, food services, and retail. In recent years, these fields have experienced stagnant or declining startup formation rates. Today, the prospect of entering these industries will become even more daunting with consumer concerns about health and safety stifling demand and increasing overhead costs.

New startup formation is distributed unevenly across geographies as well as industries. Most of the states seeing the highest rates of new business creation are based in the western and southern U.S., led by Nevada (10.39 percent) and Florida (10.16 percent). Many of these states offer some combination of business-friendly policies, low individual and corporate tax rates, relatively low costs to operate, good educational institutions, and population growth that provides both a customer base and a market for labor.

Unsurprisingly, at the metro level, most of the leading hubs for startup formation are found in the states with the highest levels of startup activity. Many locations in the West and South continue to see strong rates of new business creation and associated job growth. To find out which metros are leading the way, researchers at Roofstock calculated the trailing five-year average startup formation—defined as the number of new firms in a given year divided by the total number of firms. The research team also analyzed the impact of startup activity on job growth.

Here are the large metropolitan areas with the most startup business activity.

Metro

Rank

Startup formation rate

Annual startup formations

Annual new jobs created by startups

Jobs created by startups as a percentage of all new jobs

Las Vegas-Henderson-Paradise, NV     1      11.44%     3,467     21,074 17.82%
Orlando-Kissimmee-Sanford, FL     2      10.95%     4,861     25,533 16.68%
Austin-Round Rock-Georgetown, TX     3      10.61%     3,858     21,357 16.49%
Miami-Fort Lauderdale-Pompano Beach, FL     4      10.46%     14,894     69,769 18.57%
Dallas-Fort Worth-Arlington, TX     5      9.82%     10,731     69,696 15.11%
Denver-Aurora-Lakewood, CO     6      9.64%     5,590     28,485 14.69%
Phoenix-Mesa-Chandler, AZ     7      9.63%     6,108     37,785 14.02%
Atlanta-Sandy Springs-Alpharetta, GA     8      9.52%     9,140     48,582 14.14%
Jacksonville, FL     9      9.50%     2,474     11,796 14.41%
Houston-The Woodlands-Sugar Land, TX     10      9.48%     9,214     55,475 14.44%
Los Angeles-Long Beach-Anaheim, CA     11      9.47%     24,718     144,716 18.05%
Tampa-St. Petersburg-Clearwater, FL     12      9.47%     5,174     25,792 12.31%
Riverside-San Bernardino-Ontario, CA     13      9.40%     4,867     28,137 16.10%
San Diego-Chula Vista-Carlsbad, CA     14      9.28%     5,599     27,338 15.13%
St. Louis, MO-IL     15      9.09%     4,715     19,078 12.22%
United States     –      8.13%     423,148     2,285,251 14.12%

 

For more information, a detailed methodology, and complete results, you can find the original report on Roofstock’s website: https://learn.roofstock.com/blog/cities-with-most-startups

franchise

Tips For Beefing Up Your Franchise Development Plan In 2021

The franchising industry has often been resilient, and 2020 was the latest, and perhaps greatest, example. As COVID-19 caused hundreds of thousands of deaths and ravaged our economy, franchises from various sectors found ways to adapt, survive, and in some cases thrive.

So how do we do it again in terms of franchise development in 2021 – despite more economic uncertainty ahead? At some point later this year, hopefully, thanks to vaccines, we can put the pandemic behind us. But what can we learn from last year’s trying circumstances, how can we apply those lessons this year, and what should we consider adjusting or doing differently? Here are five tips to help your franchise development and keep it ahead of the curve as the economy tries to recover:

Extend your digital marketing and communications. This includes building out your social media, including YouTube, for immediate, consistent, and far-ranging reach. Accentuate your message with video and posts geared to solutions for your target audience. Join neighborhood Facebook groups to connect with your company’s demographics. The pandemic took digital technology to another level as companies saw upgrading it as a necessity, incorporating Zoom calls with employees, franchisees and clients. Stay on top of the ways technology can connect your franchise with customers and make operations run smoothly.

Open a career path for the unemployed. With unemployment still a big problem due to the recession caused by COVID-19, entrepreneurship has become a more attractive option for those seeking work. For franchisors, a larger pool of potential franchisees and people whom franchisees can hire is available. Franchisees can be drawn to the freedom, growth potential, company support, and other attributes that their former career didn’t have. Entrepreneurs of any age can turn to franchising to build their own legacy while still having the support of an established brand. Another selling point: with low interest rates, entrepreneurs are in a better position to receive the funding needed to start a franchise business.

Find different ways to expand your in-person grassroots efforts. Obviously, door knocking isn’t as easy in COVID times. But we find that partnering with HOAs is a good way to attract new customers. Also, you can host local events and organize giveaways, or set up a booth at such events to inform the community about your business. Combining this old-fashioned kind of networking and marketing with the digital approach can help fill your pipeline.

Give back, and create good will. In these challenging times, giving back to the community has taken on heightened importance. Get involved with your community, show that you can be used as a resource, and for more than just your service. For example, one of our Mosquito Authority franchisees is giving 100 free treatments per week to frontline COVID workers. And after the hurricanes in Louisiana this year, our franchisees treated work camps for utility workers who were helping to restore power. Good will goes a long way and leads to customer loyalty.

Be a dependable means of support for franchisees. Most people starting their own business don’t have the built-in benefit of company support. That reassurance and reinforcement in myriad ways certainly aided our franchisees during the challenges of 2020. Across the country, franchisors in our business and other sectors stepped up to help. Whether it was financial restructuring or providing infrastructure, supplies, or employees in a pinch, franchisors learned how doing these things strengthened franchisees and their commitment and the companies as a whole. Keeping this mindset of always being there for their franchisees is a crucial piece of the overall development plan.   

There is a lot of promise in general for franchising in 2021. Technology has provided the tools and new ways to do business. Many talented, enterprising people are eager to seize new opportunities and reach their potential. People are trying to help each other more in trying times, and franchisees not only fill needs, they are all about reaching out. Finding and maintaining business success is never easy, but a development plan geared to different times, and the discipline to stick to it, can make the journey fulfilling and rewarding.

___________________________________________________________

Chris Buitron is president and CEO of Mosquito Authority® (www.mosquito-authority.com), a nationwide leader in mosquito control with franchises serving communities across the U.S. and Canada. Buitron has an extensive background in franchise industries. He was chief marketing officer for Senior Helpers, vice president of marketing for Direct Energy (home services division), and director of marketing for Sunoco Inc., where he supported the company’s 4,700 franchised and company-owned rental facilities across 23 states (over $15B in annual revenues).

 

cities

Cities Most Dependent on Small Businesses

Small business is often held up as a key driver of the U.S. economy, and for good reason.

According to the U.S. Small Business Administration, small businesses account for 64 percent of net private-sector jobs created since 2005. Collectively, small enterprises employ around 60 million Americans, which represents nearly half of the private workforce in the U.S. Compared to larger firms, small businesses tend to be more nimble, which promotes competition and innovation in the economy. Additionally, small businesses help strengthen communities, and entrepreneurship is a common route through which immigrants assimilate into the social and economic life of the U.S.

But with fewer financial resources than larger firms, small businesses are especially vulnerable during economic downturns. Where large firms can more easily turn to banks or capital markets for an infusion of funding in tough times, small enterprises are more likely to respond by scaling back operations, letting go of employees, or closing altogether.

While the recession of 2008 and the slow recovery that followed were hard on all sectors of the economy, small businesses struggled even more than large firms. Thousands of small businesses failed in the wake of the recession. Many would-be small business owners decided not to take on the financial risk of starting a business during the weak economic recovery, and lenders proved more risk-averse in financing new businesses as well. As a result, industry concentration in large firms has increased over the last decade, and employment growth at large businesses has far outpaced that of small businesses over the same period.

Today, COVID-19 is creating more difficulties for small businesses. Some of the industry sectors that tend to be most densely populated with small firms have also been the sectors most affected by shifts in consumer behavior and government restrictions meant to slow the spread of the virus. Notably, accommodation, food services, and retail businesses together employ nearly a quarter of all small business employees. But with more people staying at home, these firms—many of which have already been forced to close—face dire circumstances.

The continued success of small business matters more for some locations than others. Rural states in the Upper Plains, like Wyoming and Montana, and in New England, like Vermont, have a much higher share of small business employees in the workforce than other states. Because these areas tend to have few large employers, failures in the small business sector could create job shortages and prolonged economic hardship in these areas.

At the metro level, some of the areas most dependent on small businesses are in the aforementioned rural states, but other factors are at play as well. Some are Rust Belt communities where employment was formerly dominated by now-offshored manufacturing operations, leaving smaller businesses to generate most of the economic activity. Others have strong startup ecosystems that encourage entrepreneurs to create new firms.

To identify the locations most dependent on small businesses, researchers at Construction Coverage used U.S. Census data to find the percentage of employees in each metro employed at small businesses, defined as those firms having fewer than 500 employees.

Here are the large U.S. metropolitan areas most dependent on small businesses.

Metro Rank   Percentage of employees at small businesses  Total number of small business employees  Total number of small businesses   Percentage of total payroll paid by small businesses   Total small business payroll per employee  

Total large-firm payroll per employee

New Orleans-Metairie, LA     1      53.65% 265,378 23,960 49.26% $43,602 $51,989
Miami-Fort Lauderdale-West Palm Beach, FL     2      53.50% 1,184,791 167,326 48.27% $43,392 $53,498
Oklahoma City, OK     3      53.32% 269,939 28,210 48.62% $40,574 $48,974
Providence-Warwick, RI-MA     4      52.36% 333,667 33,162 47.72% $43,098 $51,898
New York-Newark-Jersey City, NY-NJ-PA     5      51.98% 4,356,853 499,998 41.10% $56,279 $87,294
Los Angeles-Long Beach-Anaheim, CA     6      51.93% 2,764,749 313,657 46.12% $52,115 $65,764
Portland-Vancouver-Hillsboro, OR-WA     7      51.41% 538,511 55,667 41.79% $45,280 $66,725
Buffalo-Cheektowaga-Niagara Falls, NY     8      50.93% 245,969 21,132 46.54% $40,162 $47,880
Grand Rapids-Wyoming, MI     9      50.36% 253,133 19,092 48.50% $43,895 $47,283
San Francisco-Oakland-Hayward, CA     10      50.31% 1,090,428 104,849 37.81% $67,798 $112,911
San Diego-Carlsbad, CA     11      50.06% 634,069 69,216 42.59% $49,023 $66,233
Washington-Arlington-Alexandria, DC-VA-MD-WV     12      49.64% 1,327,443 116,882 45.11% $60,027 $71,999
Sacramento–Roseville–Arden-Arcade, CA     13      49.45% 367,438 38,300 41.78% $45,280 $61,702
Austin-Round Rock, TX     14      49.39% 413,394 40,661 42.47% $48,145 $63,651
Baltimore-Columbia-Towson, MD     15      48.53% 573,447 52,387 42.56% $48,700 $61,994
United States     –      47.09% 60,556,081 5,976,761 40.32% $44,777 $58,996

 

For more information, a detailed methodology, and complete results, you can find the original report on Construction Coverage’s website: https://constructioncoverage.com/research/cities-most-dependent-on-small-businesses