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business

Business News

Four-day weeks, hybrid working changing business world

As business owners look to keep pace with the ever-changing landscape, it is clear there are now two items they must put on the agenda. Hybrid working and four-day weeks. Responsible business owners will already be keeping an eye on issues like the emerging threats for 2024. However, any business wanting to stay ahead of the competition must open their eyes to the benefits of hybrid working and shorter weeks. Otherwise, they will run the risk of being left behind. […]

todayJuly 27, 2023 59

business

Business News

Tips for starting up your own online business

If you are thinking of starting up your own online business, you have come to the right place. An online business is the perfect way to make an income from the comfort of your own home. It allows you to be your own boss, no more holiday request form for you to fill out. They are not as hard as you may think. With the right perseverance and determination, you can make a lot of money from one.  An online […]

todayJuly 25, 2023 25

gig economy

Business News

The gig economy expands into new professional disciplines

The gig economy has been widely praised, and in some circles condemned, for how it’s adjusted casual working norms. For example, riders delivering food through services like DoorDash, drivers riding with Lyft and Uber. Freelancers working online could be considered part of the gig economy - that is if there’s a gig to be worked. The easy onboarding of temporary or cycling staff can be applied. In many ways, the gig economy is nothing new. We only need to ask […]

todayJuly 24, 2023 63

LLCU

Business News

LLCU completes purchase of Colchester State Bank

DECATUR -- Another bank in Central Illinois is now part of the Land of Lincoln Credit Union (LLCU) family. LLCU announced Friday its completion of the purchase and assumption transaction with Colchester State Bank in McDonough County. Through this transaction, LLCU has acquired all assets and liabilities of Colchester State Bank. The completion of this acquisition now results in LLCU's footprint expanding to a total of 14 branches. The initial deal was brokered and signed in December 2022. "We look […]

todayJuly 23, 2023 68

factory accountability

Business News

Six methods to improve factory management accountability

The task of stimulating business growth covers a number of disciplines, especially in the manufacturing industry. Being in charge of a manufacturing facility will demand a number of qualities, including accountability. But achieving accountability is a mighty test, especially in a fast-paced environment with a number of technical components. However, there are some strategies we can use: Utilize key performance indicators Being able to measure and track how your facility is performing is essential and will help you to set […]

todayJuly 21, 2023 70

Federal Reserve Jerome Powell

Business News

Federal Reserve starts new instant payment system

WASHINGTON (UPI) -- The Federal Reserve said Thursday that its new system for instant payments to financial institutions has gone live. The Fed said that banks and credit unions can start signing up for the system, called the FedNow Service, which will allow for instant money transfers for customers at any time of the day. "The Federal Reserve built the FedNow Service to help make everyday payments over the coming years faster and more convenient," Federal Reserve Chair Jerome Powell said in a statement. "Over time, […]

todayJuly 20, 2023 641

business

Business News

New business security threats coming in 2024

2024 may not be close yet, but experts are already identifying new security threats that your business could face. Why is this important? That's because the average cost of security or data breaches reached a record high of $4.3 million in 2022 alone, according to a data breach report by IBM. Without the right prevention strategies, businesses can lose even more money to such threats or attacks next year. Even worse, these threats will become more sophisticated with time, and […]

todayJuly 18, 2023 51

Illinois

Business & Lifestyle

Illinois hotels report record revenues for FY23

CHICAGO (Capitol News Illinois) – For hoteliers, business is booming in Illinois. On Monday, Gov. JB Pritzker, the state’s legislative leadership and representatives of the hospitality industry announced that hotels in Illinois saw record revenues in fiscal year 2023, which ended June 30. Across the state, hotels brought in $307.8 million, according to figures from the state’s Department of Revenue. That beats fiscal year 2019, the previous record year for hotel income and the last year before the pandemic upended […]

todayJuly 11, 2023 79

AI

Business News

AI is more helpful than a hindrance

Artificial intelligence, or AI, is the most divisive topic in this half of 2023. But far removed from the doom and gloom scenarios, AI is helping both businesses and their employees achieve larger goals. From helping inexperienced staff to human resources issues, the applications are far and wide. If, as an employer, you aren’t convinced, here are a few examples for your consideration. Reducing workplace risk There is risk in almost any sector. And the volume directly dictates how much […]

todayJuly 8, 2023 51

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