Are you having issues with turnover in your #smallbiz? Not to worry, this week’s Trending Thursday has you covered with tips for retaining your employees for the long-term. We also dug up some lessons you can take home from the biggest space adventure ever created and Michael Guta helps us figure out why big banks have slowed small business lending.
Keep reading for all the latest #smallbiz news and leave a comment telling us what lessons you think the new Star Wars will impart.
- Venkat Krishnamurthy contributed to the Star Wars movie, The Phantom Menace back in 1999. With the hype and buzz building to a tipping point for the release of the new Star Wars movie, The Force Awakens, Krishnamurthy says there are some lessons that all entrepreneurs should take away from the mammoth franchise. Among them include the power of self-worth, the value of a solid mentor and the importance of strong (networking) connections.
- According to CareerBuilder, over one in five employees plan to leave their job within the next year. That’s probably pretty alarming to most employers and Harvey Deutschendorf thinks he knows one of the reasons. Many owners and bosses don’t inspire genuine loyalty anymore. However, some organizations and leaders still excel at cultivating remarkable loyalty within their teams. Deutschendorf has come up with seven key habits to help retain your employees for the long haul.
- There are tens of thousands of conferences that take place every year across the country. The ability to get amazing, affordable insights on how to grow your business with digital marketing today is truly incredible. But, while many of these conferences themselves are affordable, getting there is not. And, the cost of leaving work, your family, and maybe even your hometown can make attending not worth it. Can’t afford to attend a conference in person? Dave Kerpen offers online conferences as a great alternative. Here are his five benefits of “attending” an online conference.
- How are millennials’ retail shopping habits changing? Peter Gasca examined a recent study from Blackhawk Engagement Solutions, which examines the means, the devices and the influences along millennials’ paths to purchase. Retail entrepreneurs can certainly learn from the key findings, which can provide guidance as they examine and refine their strategies this holiday season. Here’s a preview: millennials are sensitive to price and Gen Y prefers higher-value rebates to instant discounts.
- The Wall Street Journal recently reported the 10 largest banks in the U.S. lent $44.7 billion in 2014, which is a 38 percent decrease from a peak of $72.5 billion in 2006. In his latest piece for Small Business Trends, Michael Guta breaks down the WSJ report for us. Guta points out that while big banks have increased loans to large companies by 37 percent, small businesses are still hearing, “no” more than half the time. Which may be why so many small businesses are turning to alternative options, like Marlin’s Funding Stream.