Report: Black homeownership surges but still lags Whites | How to protect your client's negotiation leverage | Strategies for thriving in uncertain business climates
Strategies for thriving in uncertain business climates Entrepreneurs face significant challenges in uncertain and rapidly changing business environments, but crises can also present opportunities for innovation. Oleg Boiko, the founder and principal investor of Finstar Financial Group, offers seven strategies for navigating turbulent times, including taking calculated risks, thinking creatively, enjoying work, building the right team, preparing for crises, setting long-term goals and saving customers time. Full Story: Entrepreneur (3/13)
Research from MIT shows that employees who take debate training were more likely to move up the management ladder than those who didn't, which researchers say presents a scaleable and cost effective way to train leaders to be more assertive. Such training, says the study's co-author Michelle Zhao, "pushes individuals out of their psychological comfort zone to assert their views under pressure, teaches them to communicate persuasively and confidently, and encourages them to stand their ground diplomatically during disagreements." Full Story: Massachusetts Institute of Technology (3/13),Massachusetts Institute of Technology (3/12)
Climate risk complicating luxury home sales Natural disasters such as hurricanes, wildfires, and floods have complicated the real estate market in desirable residential areas across the U.S., posing an obstacle to selling properties amid a rising awareness of climate risks. Real estate agents are taking various approaches to highlight the positive aspects of homes in such areas while acknowledging potential issues and offering mitigation resources in some cases. Full Story: The Wall Street Journal (3/16)
Smart-home devices have become common, but they also pose security risks, says John Joyce of CRS Technology Consultants, who notes that anything connected to the internet is vulnerable to hacking. Joyce advises using separate networks for smart devices, strong passwords and multifactor authentication. Full Story: WBBH-TV (Fort Myers, Fla.) (3/14)
Business Wellness
Don't let control get in the way of delegating work Refusing to delegate work out of a desire for control of your business can lead to burnout, missed opportunities, and stymie growth, writes Allison Dunn, the founder of Deliberate Directions. Learn to let go by framing delegation as a strength, review areas and tasks that can either be released or turned over to others and model letting go for your team so they can also release unproductive tasks, Dunn advises. Full Story: Deliberate Directions (3/13)
Fair & Equitable Housing
California county allocates $2.4M to affordable housing Marin County, Calif., has allocated more than $2.4 million from excess 2023-24 budget funds to the affordable housing trust fund. This move supports a policy of contributing $5 million annually to the fund for five years. The county faces a mandate to zone for thousands of new homes by 2031, nearly half affordable, but high construction costs and interest rates pose challenges. Full Story: Merced Sun-Star (Calif.) (3/16)
Legislation & Regulation
Consumers tighten spending amid inflation, tariff fears U.S. companies report a noticeable weakening in consumer demand due to inflation, high interest rates and new tariffs. This decline in demand is a significant shift as consumers had previously propped up the economy despite prolonged inflation. Retailers and airlines are adjusting forecasts as they face softer sales and bookings, indicating a tough year ahead. Full Story: CNBC (3/14)
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