Small Biz Flash

8-16-22 – Bananas Can Teach You a Lot About Business


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NEWS ROUNDUP

1

The producer price index, a measure of wholesale inflation, fell in July by 0.5%.

Consumer confidence increased slightly in a preliminary reading for August.

Productivity declined in the second quarter by 4.6%.

The New York Federal Reserve Bank’s Empire State Manufacturing Survey plummeted to -31.3 for August.

https://www.bls.gov/news.release/ppi.nr0.htm

https://tradingeconomics.com/united-states/producer-price-inflation-mom

http://www.sca.isr.umich.edu/

https://www.bls.gov/news.release/pdf/prod2.pdf

https://www.newyorkfed.org/survey/empire/empiresurvey_overview.html

https://www.marketwatch.com/story/new-york-empire-state-factory-gauge-plunges-in-august-deep-into-contraction-territory-11660566652 

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2

Some small businesses that have relied heavily on social media marketing are hurting from the changing digital privacy landscape.

https://arstechnica.com/gadgets/2022/08/small-businesses-count-cost-of-apples-privacy-changes/

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FEATURE – Bananas Can Teach You a Lot About Business

The Savannah Bananas’ experience has two key takeaways that can help your business:  First, clearly identify what the real problem is.  Second, look at circumstances differently and creatively fix the customer’s difficulty.

https://www.youtube.com/watch?v=ulCsMyh7sO4

https://espnpressroom.com/us/press-releases/2022/08/on-espn2-espn-this-friday-premiere-of-bananaland-original-series-live-banana-ball-games/

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Small Biz FlashBy Adam Hewitt