WJR Business Beat

Shoppers today are younger and more affluent, and they use digital tools to find, review and complete their purchases now, more than ever. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jonathan Small published an article on entrepreneur.com that highlights a new study calling out buzzwords that are simply no longer acceptable to use in 2023. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ad spend is about on par for as the same period last year. This might be a show of confidence that maybe we're close to coming out of economically challenging times we're currently facing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The state of consumer spending on media, both content & technology, is trending downward these days. According to the latest edition of PQ Media's annual forecast in the US. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Will the banks loosen their purse strings and do more lending in the coming months this year? Specifically small businesses who need it most. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The National Retail Federation estimates that consumers plan to spend a total of $35.7 billion on Mother's Day this year. That's nearly $4 billion more than last year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The technology could be a threat to many companies those that use the open source access to the base technology and modify it to do very specific tasks will be the companies that ultimately prosper most. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

New survey released by Goldman Sachs: 61% small businesses said they're challenged to access affordable capital, due to rising interest rates that are impacting their ability to service existing debt and new debt. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Platforms like Facebook, Instagram, YouTube, TikTok, and Twitter are a major part of people's personal lives and there's no question that these channels remain a significant part of a small business' ability to influence, attract, engage, and retain users. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for adverti...

Governor Whitmer proclaim April 30th - May 6th 2023, Small Business Week in MI. Whitmer declares America's small businesses continue to pioneer innovative solutions to our country's greatest challenges and create opportunities for families and workers. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising...

Millennials represent the largest group of consumers and Baby Boomers have the largest buying power, but it's Gen Z that has the spending power that represents the fastest growing, according to a Bloomberg report Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

A brand is one of the top assets any business can have and YouGovAmerica's annual best brands list has just been released. Brands are ranked based on index score, which the company states is a measure of consumer satisfaction across key categories. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

We're spending more money at restaurants this year, good news for our local small business restaurant owners and operators. In fact, we're now spending more on dining out than we are on groceries. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Comerica Hatch competition announces the four finalists. Go to hatchdetroit.com/vote Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Want a great brand of your own? Check out the full list of winners in the Yelp report, as well as further insights into how and why those brands are prevailing. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

ReMax of Southeast Michigan report March 2023, things looking up in the real estate market relative to where things could be perhaps some would say where they were expected to be. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Thinking about starting a new company or growing an existing one in the tech field, we've got research that indicates what type of tech businesses people are most interested in learning about. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Olga Loizon Memorial Foundation created by Olga's Kitchen will provide grants of up to $10,000 in honor of the brand's late founder and food pioneer. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The mobile phone is a primary gateway into the digital world and your business otherwise known as mCommerce. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The results are out for how the US venture capital market fared in Quarter 1, 2023, and the news just isn't encouraging. For the fast growth startup community whose lifeblood depends on available venture capital funding, it's going to be harder to secure. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertis...

Most small main street shops across the country have access to only enough cash reserves to stay open for two months or less if they're sales dry up. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Of the 800 women executives surveyed by Chief as reported on CNBC it comes down to two things: pay and promotion. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Video marketing continues to grow in popularity as a tool to drive much needed leads in sales to small businesses. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Fed's efforts to slow the labor markets may be working as job openings fell below 10 million in February for the first time in nearly two years. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Consumer satisfaction for experiences on company websites is at an all-time low, and those consumers are making it clear they'll go elsewhere if expectations aren't met. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.