Insight News

Saturday
Aug 30th

Business

Where Unemployment Numbers Come From… and the Only Number You Need to Know

Where Unemployment Numbers Come From… and the Only Number You Need to KnowAccording to a recent press release from the US Bureau of Labor Statistics, “Unemployment rates were lower in June than a year earlier in 185 of the 372 metropolitan areas, higher in 168 areas, and unchanged in 19 areas.  In June, 226 metropolitan areas reported over-the-year decreases in nonfarm payroll employment, 135 reported increases, and 11 had no change.”

What was that?

Americans toss around unemployment statistics like BP tosses oil.  The numbers are splattered across newspapers, radios and conversations but most people are unsure about where they originate, or how today’s numbers will impact us long term.  Hearing that unemployment is “highest since the depression” is depressing.  Why look for a job if there aren’t any?  And when the numbers change, and unemployment rates drop, then why is it still so hard to find a job?  By learning about where those numbers originate, people can make better personal decisions about how to respond when they hear about them.
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Internet marketing workshop at UROC

A  free Internet marketing workshop for  small business owners and leaders of community development organizations takes place  5:30 pm-7:45 pm July 29th, 2010  at Urban Research and Outreach/Engagement Center (UROC), 2001 Plymouth Avenue North in  Minneapolis.

The University of Minnesota’s Business & Technology Center (B-Tech Center), is collaborating with Go Virtual Media, a division of Virtual Global Media Group (Minneapolis/Toronto), LLC to offer this introductory Internet Marketing Workshop. The workshop will teach small business owners and leaders of community development organizations how to use the Internet to effectively market their business or organization.

The workshop will cover topics such as, Social Networking; Google Rankings; Blogging techniques for your Business; Social Bookmarking; How to reach millions of Internet users with a click of your mouse; and “Publish a press release about your business or community organization – for free!

Registration: Contact Brandy Churchill at 612-624-3404 or bchurchi@umn.edu

The Brand Within

The Brand Within“What I hope to do with this book is reach out to anyone who wants to get a leg up on their own careers… And more than anything else, it’s a book meant to remind readers that they will prosper from making the right choices, from conducting themselves in the right way, no matter what stage of the business world they happen to occupy. I’ll look back and offer examples from my FUBU career to illustrate certain points… My hope is that readers walk away from this book realizing it’s not enough to talk the talk. You’ve got to walk the walk, if you mean to get and keep ahead.” -- Excerpted from Chapter One (pgs. 29-30)

At 41, Daymond John might not seem old enough to be writing his second autobiography, but after perusing The Brand Within, I’m convinced that far more important than chronological age are a person’s accomplishments and ability to share pearls of wisdom in an engaging and informative fashion. John definitely achieves all of the above in this combination memoir/ marketing handbook written in a culture-crossing style that ranges from street to sophisticated.
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Extreme makeover, employment edition

Extreme makeover, employment edition“Almost two freaking years not working,” writes Ric, “and I miss it.  How do I address this on a resume?”  Miss going to work?  Ric is not alone.  After two freaking years, it is time to get back to work.  Update your attitude, your past and your aspirations, and you soon will be wistfully missing these days off, rather than daydreaming about going to work.

To help Ric rethink his job search, I sent him to Nicollet Mall with instructions to scowl at the first ten people he saw.  At the next ten people, he had instructions to smile broadly, as if he’d just won the lottery.  If you wonder whether attitude is contagious, try this.  The results are amazing and consistent.  If you’re nowhere near Nicollet Mall, try grinning at the next person you see, whoever it is.  What happens?
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Minority business organizations make 2011 the year for change

The Minnesota Black Chamber of Commerce (MBCC) and the Midwest Minority Supplier Development Council (MMSDC) intend to make 2011 “the year for change” to improve the state’s business climate for minority-owned businesses. The two organizations are collaborating for the first time to host a gubernatorial candidate business forum to address issues specific to minority business owners and to learn which of the candidates will make fostering minority-owned business growth a priority.

The MBCC and MMSDC invite business owners, individuals and community members to the two-hour Gubernatorial Candidate Business Forum, Monday, July 26 from 9 – 11 am in the Cowles Auditorium at the University of Minnesota Humphrey Institute for Public Affairs, 301 19th Avenue S., Minneapolis.

U.S. Congressman Keith Ellison will offer the keynote address.  The forum is free and open to the public.
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The Most Persistent and Urgent Get Ahead Question

The Most Persistent and Urgent Get Ahead QuestionErnest workers who hope to keep moving ahead in their lives and careers will carry a long list of questions into a career planner’s office:  How do I network effectively outside of LinkedIn?  What unusual avenues do people use to find a job or get promoted?  How can I tap into ambiguous leads?  How can I ensure that everyone I know knows what I want to do next?  These are all variations on a single question:  Where do I start?

Today, the best response to these questions, whether you are looking for work, hoping for a promotion, or just a little personal satisfaction, is the same.  Start by asking: What am I doing for others?
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Sam's Club® offers small business loans to businesses owned by minorities, women, and veterans

Existing small business owners and entrepreneurs with hopes of starting up continue to seek access to capital in the form of bank loans, yet are still struggling to land credit. Only half of small businesses that tried to borrow last year got all or most of what they needed, according to a survey by the National Federation of Independent Business. In the mid-2000s, 90% of businesses said they got the loans they needed.

To help support small business and its business members, Sam's Club has announced that it is testing an online program with Superior Financial Group, the Nation's leading Small Business Administration (SBA) lender, which would make $5,000 to $25,000 loans available to its members who qualify. In a November 2009 state of small business survey conducted by Sam's Club, nearly 15 percent of its business members reported being denied a loan to run their operation, up from 12 percent in April 2009.
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