By Amanda Dodge

There are several indexes used to track the overall health of the economy and help business owners understand the trends they see locally. These relate to consumer trends, the stock market, and employment.

The government also releases data related to employee behavior. The U.S Bureau of Labor Statistics also releases monthly data on the country’s “quit rate,” or the rate at which people voluntarily quit their jobs. The quit rate has historically flown under the radar as Congress and local municipalities alike focus on unemployment numbers as the main barometer of economic health. However, as a small business owner, the quit rate might have more of an impact on your operations – and your employees – than you realize. 

Understanding the Quit Rate

The quit rate refers to employees who leave companies of their own accord as opposed to team members who are laid off or fired.

By Hiral Atha

The Coronavirus pandemic has posed unprecedented challenges to small businesses across the world.  Storefronts are shutting down at an alarming rate, and those still standing are facing a customer drought.  Even after the shutdowns are lifted, customers are very likely to refrain from stepping out in public and favor online shopping as often as they can.

So that’s where you go! Take your business where the customers are. Go online.

However, for businesses that have traditionally relied on footfall and in-person interaction for so long, the transition from offline to online isn’t an easy one. You could be overwhelmed by information, wondering where to start and struggling with too many questions. Today, this post will help you answer those questions and give you a structured guide to taking your offline business online.

First Steps: Head to Social Media

Taking your first step towards digital transformation can be

By Beth Worthy

Businesses often need their content translated to other languages for various reasons. For example, a law firm may need a partnership contract to be translated or companies entering new markets may need translations of their marketing content to increase their brand awareness among their new audiences.

Regardless of why you need your content translated, it pays to do your research well before selecting a translation company. Hire a translation company without doing any research, and you may end up with embarrassing translation goofs that can severely damage your brand.

Here are 15 questions you should ask before hiring a translation company.

1. What is your area of specialization?

Every industry has its own jargon, which may not mean the same thing in layman’s language. For example, industries such as medical, legal, manufacturing, and finance are filled with industry specific terminology.

Find out whether the translation company is

By Jeanae DuBois

A recent Commerce Department report shows that retailers lost more than 16 percent of their revenue from the month prior to shelter-in-place, which is the worst metric reported since 1992. This crisis will change consumer behavior, and business as usual will not be enough to meet their needs following the pandemic.

Though COVID-19 has spread throughout every industry, small- and medium-sized businesses (SMBs) need to start thinking now about what happens after the pandemic. 

Embrace Technology

For SMBs who are looking to remain profitable, technology that seems like an investment during a chaotic time can actually be a savior. SMBs that have delayed integrating technology are starting to show their service gaps as safety restrictions make in-person/traditional business impossible. SMBs should be looking for ways to better understand their customers. Investing in anything to improve your mobile applications, create user-friendly websites or implement customer relationship management

By Monica Eaton-Cardone

It’s hard to look past the overwhelming heartbreak and loss surrounding us during an ongoing, worldwide pandemic. But, as discussions continue regarding when to reopen the country, many are starting to see signs on the horizon of a return to a semblance of normalcy.

Businesses across the country have pivoted and readjusted their internal operations in response to the changing landscape. As some states and counties begin the arduous task of reopening, it’s important that we examine how COVID-19 impacted us, and what we can learn from the last few months.

With that in mind, here are six business lessons that we can learn from the COVID-19 pandemic.

1. Preparation is Key

You can’t prepare for every possible situation in the business world. However, a strong business continuity plan will mitigate the worst effects of a crisis. To be effective, that plan should be based around three

By Emily Schroer

It goes without saying that COVID-19 has taken a massive toll on our local economies. With over 100,000 small businesses having closed permanently due to the pandemic, local businesses need our help now more than ever.

Looking for ways to support your favorite local business (besides ordering their takeout 7 days a week)? Here are five seriously impactful things you can do online to give them a helping hand.

Trust us when we say: they’ll thank you for it.

1. Leave an Effective Google Review

Fact: 63.6% of consumers visit Google to check for reviews of a business.

Of all the review platforms out there, Google reviews are perhaps the most critical to local businesses’ success. And while business owners are always grateful for stars – as nearly half of consumers won’t use a business with less than 4 stars –  adding a personal account can