Small-business confidence, consumer confidence and manufacturing charts show Bridgewater Associates founder Ray Dalio may be right about the economy reaching its peak, writes Daryl Jones. "In sum, these charts suggest a U.S. economy where manufacturing won't get much better, small business optimism is unlikely to go a lot higher, and in which the consumer is as confident as they have ever been," Jones writes.
Blink Fitness is planning to open its first location in Detroit in September 2019 as part of a partnership with the Detroit Pistons NBA team. The new unit will be located in the Henry Ford Detroit Pistons Performance Center, and other clubs will open in Michigan throughout the year.
Hamdi Ulukaya, founder and chief executive of the yogurt startup Chobani, said he would never sell the firm to a food conglomerate but is "not against" an initial public offering. When little brands become part of big organizations, "it's the end of their promise," he added.
Female employees and founders tend to own less equity in their companies than their male peers do, according to a study by Carta. The study indicates that women have less "actual firepower" to create change in the startup world, said Chloe Sladden, founder of the group #Angels.
Maximize your learning by avoiding shortcuts and trying new things, especially in areas that you typically avoid, writes Jesse Sostrin. "When you look for the easy way, you'll save some time -- but the lack of learning and growth will ultimately limit your progress," he writes.
An elevator pitch should be focused on getting a conversation going by quickly addressing a specific customer need, writes Alison Davis. Elevator pitches must also include information on company credentials and what makes a product stand out from the competition.
Use email newsletters and other communication methods to stay in touch with previous customers and to let them know when new products are available, writes Rob Starr. Loyalty programs and special customer-only events can also help ensure repeat purchases.
Sales teams can use storytelling to simplify messages and give clear examples of how products and services can benefit buyers, writes Allie Decker. Each story should be focused on a specific buyer persona and feature a core message that can be summarized in fewer than 10 words, Decker writes.
Hurricane Florence will potentially reduce US GDP between one- and two-tenths of a percentage point, according to Moody's Analytics, or as much as three-tenths of a percentage point, according to Oxford Economics. Moody's expects the economy will still grow by 3.7%.
- Page 1