Each week, Nav brings you relevant small business news from across the web that we hope you find interesting!
What’s Happening This Week
Share with us your opinion on how the Brexit decision from last week will affect small businesses in the U.S. and check out what these experts think, including reasons for both caution and optimism, as well as how the upcoming U.S. presidential election and the Brexit decision intertwine to affect the volatility of the global economy.
A new survey by Bankrate found that only 33% of millennials have a credit card. The same survey found that a large portion of this group does not yet understand the importance of building credit and how credit history affects applications for home and auto loans. The most likely group of folks to own credit cards were college graduates, baby boomers, and adults with an annual income of more than $75,000.
The newly released Thomson Reuters/PayNet Small Business Lending Index fell almost one point in May from April’s number, suggesting a slowdown in economic growth. Reuters reports that this index “typically corresponds to U.S. gross domestic product growth one or two quarters ahead.”
As companies grow, they will inevitably face the crucial task of maintaining company culture, and despite a relentless focus on culture from day one, the implemented best practices can be the exact things that end up killing the culture. Here are five tips to start early on maintaining culture, aligning on incentives and shared values.
Animated Way To Learn SEO in 60 Seconds
Here’s a 60 second video explanation of Search Engine Optimization (SEO) from Copyblogger. Business owners should have basic working knowledge of Search Engine Optimization, at the very least to help keep your business relevant and searchable, allowing customers to find your website.
This business owner went against the tides of people flocking to Silicon Valley to start companies, instead starting his business in his small Canadian community. Find out how he did it and his personal inspiration.
“Innovation doesn’t care where you live. Innovation is everywhere and you have to do what you have to do to survive. That’s innovation.” – Jeff Phillip
This article was originally written on July 1, 2016 and updated on June 16, 2022.