Welcome to the Small Business Run Down. Each day, we bring you stories and trends that impact small business owners and their workforce.
Today, online prices take a bite out of retail, Colorado adds apprenticeships for healthcare, and overexertion is a pain in the workforce.
Everyone loves a bargain. But the bargain-hunting taking place online through e-commerce is having terrible effect on local small businesses, who can’t afford to keep up.
The Number: 3.65. The amount of time merchandise was sold at regular prices fell to 3.65 months in 2014-2017. It was 6.7 months from 2008-2010.
The Quote: “They think, if I go to a store with a $500 budget, I can get what I want. That’s not even my wholesale cost.”
The state of Colorado is announcing an adult apprenticeship program for people who want to work in the healthcare industry. It’s using a $12 million grant from the Federal government to fund the project.
The Number: 5,000. 5,000 apprenticeships will be available through the program.
The Quote: “In this ‘earn while you learn’ model, individuals will earn college credit, make a livable wage and gain valuable work experience, reducing out-of-pocket costs for education and the time required to earn a credential.”
Turns out, the number one source of injuries in the American workplace is overexertion. Thankfully, there are a number of tips on how to prevent these ailments.
The Number: 33.5%. The number one cause of workplace injuries is overexertion, which resulted in 33.5% of all incidents.
The Quote: “While we often find ourselves sitting in a forward flexed or bent position throughout the day at our desk, driving or with home activities, we can make the choice to sit in a more effective and less demanding position to benefit our health.”
Taking back a job offer has real-world implications. Check out what you need to know before you rescind a job offer letter.