Benay Informer 7/21/2021

Data is a differentiator, but much of it is wrong

Since the pandemic has eased and the economy has begun improving, many CFOs have entered spending mode. Spending on equipment has risen 8% over the past 12 months, exceeding pre-pandemic levels by 8.7%, according to Kiplinger data from earlier this year.

Where the money is spent depends largely on financial forecasts, which draw much of their insight from internal financial data. But what if that data is wrong? Learn more.

FINANCE

5 essential finance strategies for small businesses

One of the areas of work that you need to master from the very beginning of your business is finances and accounts. The right time to manage all your business finances is from the start of this journey. A crucial factor in the constant growth of small businesses around the globe is a well-planned and implemented accounting strategy. Learn more. #business #finance #businessfinance #smallbusiness #accounting #benayinformer

The worlds financial centers struggle with getting back to the office

Several of the globe’s key financial centers are struggling to get employees back to their offices. Workplace activity in London, New York and San Francisco is still 50% below its normal level, according to mobility data from Google, which tracks the locations of its users. Other evidence from Frankfurt, Singapore and Hong Kong reveals how virus-related restrictions have changed habits and caused new problems. Learn more. #finance #businessfinance #business #returntowork #benayinformer

Nvidia stock is falling, blame Bitcoin and Ethereum

Nvidia has hauled in hundreds of millions of dollars selling its chips to cryptocurrency miners, but its exposure to that market is hurting the stock following a slide of more than 3% for Bitcoin and Ethereum in 24 hours.

Nvidia shares retreated 2.5% to $183.24 on Tuesday, after investors received shares in a four-for-one stock split after the close on Monday. Learn more #business #finance #tockmarket #nvidia #bitcoin #ethereum #stockwatch #benayinformer

POLITICS

Republican confidence in big business, tech declines

Big business and tech have lost the confidence of Republicans over the last year, a sharp reduction from just a year ago, a new poll shows. The Gallup poll found that the percentage of Republicans expressing "a great deal" or "quite a lot" of confidence in big businesses has declined by 12 percentage points in the past year to 20%. Learn more. #politics #business #republicans #bigbusiness #benayinformer

The intersection of business and politics expands

The competition among states to entice businesses is more competitive than ever as more and more states offer tax incentives and other perks to encourage corporate relocation. A new category, "Life, Health and Inclusion," replaced "Quality of Life" as a metric this year, to respond to corporate America's desire for inclusiveness. Learn more #politics #businesspolitics #business #poltical #benayinformer

Don't ban politics at work

Instead of instituting a ban or seeking to diminish voices seeking political change, leaders would be better served by building a culture that handles political differences in the workplace more productively. Let’s look at why that is — and how to do it well. Learn more. #Business #politics #workpalce #hr #benayinformer

MANAGEMENT

Process mining can bring true transparency to business management

There is a growing – and well-founded – evangelism for operational excellence. Business intelligence has developed during the last decade, helping enterprises of all shapes and sizes refine the way they approach their operations, using actionable data and insights. Process mining is the investigative side of business transformation, allowing businesses to drill down into processes and root out inefficiencies and their causes. Learn More. #management #processmining #success #benayinformer

How to use storytelling in digital marketing to transform your business

Brand storytelling has been around for years, but its popularity is skyrocketing as digital marketing overtakes its print-form predecessor. Storytelling in digital marketing addresses the needs of a fast-paced society in which people cut through the fluff and look to receive information faster. Learn more #business #management #businessmanagment #marketing #storytelling #benayinformer

3 fantastic ways to thrive as an entrepreneur

To be a truly successful entrepreneur, you will need to know what you want and not be afraid to go after it. In addition, you will need to develop brilliant and innovative ideas and have the confidence and talent to bring these ideas to fruition. Although it is undoubtedly difficult to make it to the top, many people can thrive as entrepreneurs. Learn more. #business #management #entrepreneur #success #benayinformer

TECHNOLOGY

Verizon launches robotics technology

Verizon announced the formation of Robotics Business Technology to expand enterprise solutions for aerial (drones) and ground robotics. Robotics Business Technology includes Skyward, Verizon’s drone management company, incubed IT, a leading developer of software for autonomous mobile robots recently acquired by Verizon, and a team focused on automating command and control of robots on Verizon’s 5G Ultra Wideband network. Learn more. #business #technology #verizon #robotictechnology #benayinformer

Where do you look when you want to buy cutting edge technology for your business?

It’s essential for making certain tasks easier and it can gradually expand as you need it to perform more functions and handle more tasks. However, technology can involve anything from a simple laptop to a cutting-edge piece of machinery that is specific to your use case. Technology is an extremely generic term of basically anything that we use in our businesses, and this can open up a few misconceptions with terms like “cutting-edge technology”. Learn more. #business #technology #businesstechnology #budgets #benayinformer

Technology unicorns are growing at a record clip

The term “unicorn” refers to what was then a rare, almost magical species: privately held startups valued at $1bn or more. Any magical attributes aside, today they are commonplace—and becoming ever more so. Consumers, who stand to benefit from an array of novel, often cheap products and services, can expect to enjoy the ride. Investors betting on the unicorn derby should tread more carefully. Learn more. #technology #business #unicrorn #technologytrends #benayinformer

Less than half of organizations have adjusted marketing technology strategy to comply with privacy laws

Despite the fact that most organizations today are required to comply with all privacy regulations as end users can come from any country, 62.4% of respondents reported that their organization is not “completely compliant” with GDPR, CCPA, the new Virginia CDPA or other applicable regulations, depending on region. 24.4% of the respondents don't even know under which jurisdiction their organization falls. Learn more. #technology #business #marketing #privacylaws #technologytrends #benayinformer

COVID-19

Using technology to create business value in a post-COVID world

In addition to increased sales and better, more efficient operations, investments in digital technologies and infrastructure will also be essential to positioning and creating value as operators consider an exit from their businesses. Obsolete technology could affect valuation or even cause buyers to avoid certain concepts altogether. Many franchise leaders have made a digital-first culture a priority and credit their investment in technology as a significant contributor to their success in 2020. Learn More #business #COVID19 #growth #postcovid #benayinformer

The COVID small business boom

The latest business formation number is out. People started over 440 thousand businesses in June 2021. The sixteen-month period from March 2020 to June 2021 marks a record high for business startups. Which factors are responsible for this wave of entrepreneurs? Economist Julia Pollak says economic recessions can create ideal conditions for people to start their own businesses - and the economic downturn caused by the pandemic is no different. Learn more. #COVID19 #business #smallbusiness #businessboom #benayinformer

How employers can mandate the COVID vaccine

For many businesses, it’s likely to be a controversial decision. COVID-19 is a sensitive subject on numerous fronts and vaccine mandates present both practical and legal challenges. If your company wants to implement a mandate, experts say there are some best practices to follow. Learn more. #COVID19 #business #vaccine #covidvaccine #benayinformer