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bacc2work
news & updates
June 16, 2022
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation."
- Vladimir Lenin

Feeling a little 'bourgeoisie' lately?
Featured Events
0.1K Pub Crawl!
June 24th 5pm (sign in starts)
6pm kick off
The 0.1K is back ... This year's theme is Hawaiian Shirts, Skirts (or both, no judgement)

Get your tickets while they last! Pub Crawl, and lots of fun for a kickoff event on the Friday night before Lake Fest.
Grand Opening & Ribbon Cutting
532 Main Street
June 24th 5pm - 6pm
Small Business owners’ expectations for the future at 48-year low
The NFIB Optimism Index fell 0.1 points in May to 93.1, marking the fifth consecutive month below the 48-year average of 98. Owners expecting better business conditions over the next six months decreased four points to a net negative 54%, the lowest level recorded in the 48-year-old survey. Expectations for better business conditions have deteriorated every month since January.

Twenty-eight percent of owners reported inflation was their single most important problem in operating their business, a decrease of four points from April. The net percent of owners raising average selling prices increased two points to a net 72% (seasonally adjusted), back to the highest reading in the 48-year-history of the survey last reached in March and 32 points higher than May 2021.

Key findings include:
  • Fifty-one percent of owners reported job openings that could not be filled, up four points from April.
  • The net percent of owners who expect real sales to be higher decreased three points from April to a net negative 15%.
  • A net 46% (seasonally adjusted) of owners reported raising compensation, down three points from April with a net 25% planning to raise compensation in the next three months, down two points from April but historically high.
  • Thirty-nine percent of owners report that supply chain disruptions have had a significant impact on their business, up three points. Another 31% report a moderate impact and 22% report a mild impact. Only 8% of owners report no impact from the recent supply chain disruptions.

The NFIB Research Center has collected Small Business Economic Trends data with quarterly surveys since the 4th quarter of 1973 and monthly surveys since 1986. Survey respondents are randomly drawn from NFIB’s membership. The report is released on the second Tuesday of each month. This survey was conducted in May 2022.
News | Events | Advocacy
10 marketing rules to live by
Marketing strategy always changes as technology evolves. But the underlying principles remain steadfast, grounded in consumer psychology. These 10 entrepreneurs share their No. 1 unchanging marketing rule:

What is executive presence?
Harvard Business Review explains it this way: “Although executive presence is highly intuitive and difficult to pin down, it ultimately boils down to your ability to project mature self-confidence, a sense that you can take control of difficult, unpredictable situations; make tough decisions in a timely way and hold your own with other talented and strong-willed members of the executive team.”

Early registration ends soon ...
Member Appreciation Night
Yes we know that it's still a month away, but early registration ends next week! Save $10 and register now! Bring a guest, your spouse, or one of your employees! Great night at the BYC, open bar, expanded appetizers (you won't leave hungry) and of course networking with fellow members.
Lake Fest starts in 7-days! Updated Activities
We have the sponsors, & activities, we could use some volunteers
Lake Fest is next week! Our sponsors have financed it, and the Chamber will be out there in force. However, we could use some assistance in various areas. If you have an hour or two, take a look at the opportunities to volunteer on the below link:

Thanks to our Corporate Members
Belleville Area Chamber of Commerce | bacc2work.org
248 Main Street - Belleville, MI 48111
(734) 697-7151