On this episode of Leadership Low Down with host Vic Verchereau is Abel Travis.
Michigan Business Network recently held its annual Michigan Economic Forecast Series breakfast (mid-Michigan stop) and concluded with a positive 2018 review and look ahead for Michigan in 2019.
Paul King, Founder of ROI Insight drops by the MBN studio for a discussion with Chris Holman regarding the latest Michigan Future Business Index and its results which were released Thursday December 13th at the Lansing area stop of the Michigan Economic Forecast Series.
The MFBI is underwritten by Accident Fund Insurance Company of America, conducted by ROI Insight of Grosse Pointe, MI, and presented by Michigan Business Network.
Lansing, Mich. - The latest Michigan Future Business Index (MFBI) data show acquiring and retaining talent remains the top challenge for Michigan’s small- to mid-sized business leaders. However, the rising cost of health insurance and higher wages have emerged as additional concerns. Forty-five percent of survey respondents plan to raise wages in the next six months, up 10 points from 35 percent one year ago. Concerns for rising health insurance costs were up 10 points since last December.
Overall, business owners enjoy continued strength in sales and profits, while many employers continue to point to an improving economy, excellent employees, in-demand products/services and the hope for more regulatory reform.
Bob Lapinski, Media and Public Relations Advisor at Accident Fund Insurance Company of America drops by to talk with the Michigan Business Network about the twice a year Michigan Future Business Index survey.
Mike Maurer Divisional Director of Business Development for the Accident Fund Insurance Company of America talks with Jeffrey on the Michigan Business Network.
LANSING, Mich., June 21, 2018 /PRNewswire/ -- The latest Michigan Future Business Index (MFBI) data show that more than eight-in-ten small to mid-sized business owners in the state are satisfied with the economy. Satisfaction is strongest in Lansing (86 percent) and Saginaw/Bay City/Flint (85 percent).
Nearly 43 percent of all respondents said wages have increased over the past six months, a seven-point rise over the December 2017 survey. Additionally, 38 percent showed a growth in profits, up from 32 percent last December. Hiring remained flat, as did sales growth.
The Michigan Future Business Index (MFBI), commissioned semi-annually by the Accident Fund Insurance Company of America and the Michigan Business Network, surveys owners of small- to midsized businesses in Michigan. The MFBI provides business leaders a forum to offer their perspectives and opinions on doing business in Michigan, the overall business climate in the state and various issues in the news.
Bob Lapinski, Media & Public Relations Advisor, AF Group, Lansing, MI stops by the new MBN studio to talk with Chris Holman about driver safety from an employer perspective.
Lansing, Mich. - The latest Michigan Future Business Index (MFBI) data show finding qualified workers remains the top challenge for Michigan’s small- to mid-sized business leaders. Retraining employees, networking and hiring temporary workers are short-term fixes employed by many businesses.
Overall, business owners enjoy continued strength in sales and profits, while many employers continue to point to an improving economy, excellent employees, in-demand products/services and a renewed hope for regulatory reform.