WJR Business Beat

Jeff explains how ChatBots are impacting customer service and business with Artificial Intelligence. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Being aggressive in business when others are pulling back allows you to advertise at lower cost, capture market share, and get out in front of the competition. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

E-commerce spending in the US crossed the 1 trillion threshold for the first time ever. In the fourth quarter, eCommerce's 332 billion in sales, helped push the total to over 1 trillion for the year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Small manufacturers want to grow their business might explore how purchase order financing can be a means of funding orders so that you can fill 'em and profit from 'em when you'd otherwise perhaps turn that business away. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Need funding for your business, finding it tough to find and secure? Look no further than grants as a possible option to get your business seated, launched, and off the ground. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Comerica Hatch Detroit Contest is an annual competition that focuses on high touch local businesses that have a direct impact on the community. It is a great way to support up and coming entrepreneurs and help them open their doors in Detroit, Hamtramck or Highland Park. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of person...

Sectors performing better in these tough times is the apparel resale marketplace. With the uncertainty about where the economy is headed resale buying is projected to have a big year. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

More than half of small businesses that use TikTok feel it has had a significant impact on their overall marketing. Performance and regularity in publishing content is key to achieving. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Franklin Cider Miller's third generation family member, Melanee Radner, and current CEO of the iconic business in Franklin, Michigan that continues to delight customers every fall tells the family story. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Celebrating the success of the Black Girl Ventures Foundation Pitch Competition three winners, all three entities that demonstrate the passion and the power of entrepreneurship, whether for-profit or not-for-profit, and how that can lead to very positive things. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for a...

Just like the lipstick Economic Barometer, sometimes you can look to simple consumer purchasing patterns as a good way to gauge consumer sentiment and confidence, or the lack thereof. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

The difference between survival & failure is to develop a plan. How are you going to sell more? How are you going to cut your costs? Ahead of the tighter margins coming to all small businesses 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.

Consumers spending was brisk, but holiday returns rose by 63% to total 13% of all online orders, according to analysis by Salesforce in the six days after Christmas. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Survey conducted by KeyBank shows Americans are becoming more challenged financially as many as 42% report that they are feeling overwhelmed or burned out as a result of financial challenge, 33% of Americans are spending less and budgeting more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Boomers are hot for many reasons: they're starting life anew, they're empty nesting and or settling into retirement. The key is that all these life changes create needs, and in turn, those needs create opportunities for businesses to sell to. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Biz to Credit Lending report released in Dec., loan approval rates at big banks have been on a decline since August of 2022, declined to a 14.6% approval level in Nov., down from an approval level of 28%. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

An Intercom study shows that, 64% of consumers polled would leave a business with just one bad interaction where they are made to feel not valued. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Who's getting the funding and who's not these days? Data from PitchBook shows that nearly every vertical is down across the board in 2022 relative to the deals that got done in 2021. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

It's no secret that shopping online is where the action is this holiday season, but did you know that now 90% of Americans buy online at least once a month? Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

MEDC's Match on Main program provides funding to communities that in turn can award grants of up to $25,000 to each eligible business seeking support, and these grants may be used by these businesses, awarded them for eligible expenses that support, for example, technical assistance. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use...

The 2022 Purpose Power Index highlights the top hundred most purpose-driven companies in the US today. 85 million US consumers are motivated by company purpose to buy goods and services. 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 released what's known as its beige book. A report that summarizes in qualitative fashion, the sentiments of businesses across the US and indicates that sentiment amongst business owners today is a mixed bag at best. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Data released by TransUnion suggests that shopping during the cyber five, the five day period from Thanksgiving through Cyber Monday, unfortunately, is an active time for fraudsters to take advantage of the millions of transactions being conducted during this time period. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal...

Techstar Detroit, and it's run by managing director Monica Wheat with financial support through its partner JP Morgan. Recruiting for the next class, launches in April, but applications close on January 3rd. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

ASE in Troy, MI say Michigan employers now are mandating a minimum number of days for in-person work, or even requiring that employees be back in the workspace full-time. In this post pandemic era, for most companies, it has become clearer that they perform better when their teams are in office. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collect...