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As wage patterns continue to be a matter of concern for small business owners nationwide, Square has stepped in with a solution. The fintech firm has launched the Square Payroll Index, a comprehensive economic tool that draws on Square’s vast database to illuminate hourly earnings of retail and restaurant workers across the U.S.
With many small businesses in the retail and restaurant sectors still recovering from the pandemic’s economic turbulence, understanding wage trends is paramount. The Square Payroll Index promises to provide this crucial data, serving as a guide for small business owners, policymakers, and the media to navigate wage and earnings fluctuations both nationally and on a metropolitan scale.
So, what do the numbers say?
Despite experiencing a slowdown in growth over the past months, average hourly earnings (including tips and overtime pay) are growing faster than base wages, outstripping inflation. In September, the median earnings for a food and drink worker was pegged at $17.44, combining a base wage of $13.64 with tips and overtime. For retail workers, the median figure was $16.31 per hour, with a base wage of $15.80.
Such granular insights are made possible by Square’s unparalleled access to payroll data. Every month, the company processes wages for hundreds of thousands of hourly workers, accumulating to over $6 billion in annual payroll. This positions Square at a unique vantage point to gauge the financial health and trends within two of America’s most common occupations.
Saumil Mehta, Square’s Head of Point of Sale and Omnichannel, emphasizes the significance of these sectors to the broader economy. “We know that hiring and retaining good staff is a persistent challenge for our sellers. By tapping into Square Payroll data to report on wage growth in these key sectors, we can help our sellers continue to build strong teams and also add a valuable new metric to the public conversation.”
However, it’s not all positive news. The recent data indicates that the surge in hourly earnings that marked the post-pandemic job boom has tapered off. Average hourly earnings growth now sits below its 2019 mark, with Square’s Research and Data Lead, Ara Kharazian, noting a decline from the highs of early 2022. Yet, even as the job market adjusts, the data underscores that wage growth has consistently outpaced inflation for a full year, offering a silver lining for workers.
Interestingly, workers in the food and drink domain have fared better in wage growth compared to their retail counterparts. As of September, for the twelfth consecutive month, Square’s data reveals that growth in average hourly earnings has consistently outstripped inflation, which stood at 3.7% for August 2023.
For small business owners, this kind of data can be instrumental in hiring and retention strategies, especially as they compete in a still-challenging market. Moreover, tools like Square’s Payroll Index can play a pivotal role in providing the insights needed for strategic decision-making.
Square continues to position itself at the intersection of commerce and fintech, offering an array of solutions tailored for businesses. From restaurant and retail operations software to financial services and staff management capabilities, Square stands committed to empowering businesses worldwide.
In C programming, the Standard Library is a treasure trove of handy tools and functions that can turn your code from a mere collection of statements into a robust, efficient, and feature-rich application. (more…)
Wondering how to package quotes into viral content?
Quotes are powerful. They pass the test of time, surpass the expectations of those who said them and even survive the fall of empires. One statement made by a figure in history, regardless of who they are, can resonate just as strongly hundreds or even thousands of years later.
Well into the future, you can be sure that a good quote will still be circulating, both from antiquity and from what is today modern.
How can you use this to your advantage?
If you have a social media presence, you will notice that content containing quotes is quick to go viral. But even better, they have a timelessness that allows them to stay there.
While relevant to a current event, the entire point behind one of these sayings is that it is applicable well after the events they are applied to pass.
Re-Package Quotes Into Viral Content
Know Your Market
Who are you aiming to market this content to? Not knowing who your chosen demographic is will be a quick path to failure. Viral content has been shared and reshared, capturing the attention of a group so they feel they just have to spread it.
If you don’t even know who that group should be, how will they know they were the intended audience in the first place?
Once you know your market, you will also be able to catch their eye through direct reference. One great way is by using modern experts in your field for the quotes.
Not only will this stroke the ego a bit and give you a line into a possible connection, but it will make the quote recognizable to others in the industry. Helping to solidify who the message was for and who should be passing your content on.
Another benefit of marketing with quotes is knowing exactly what that group will be looking for in content. You can isolate the perfect statement to share and the perfect way to share it.
Step
Description
Action Items
1
Research and Analysis
Conduct market research; Analyze competitors and identify market gaps.
2
Segmentation
Divide your audience based on demographics or behavior; Use analytics tools to segment your audience.
3
Targeting
Choose the segments that align with your product; Prioritize based on potential revenue.
4
Positioning
Develop a unique selling proposition (USP) for your target audience.
5
Engagement & Feedback
Engage with your target market; Collect feedback to refine your approach.
Repackage With Fresh Media
Viral Image
If there are quotes on your site already, perhaps from interviews or even reader comments, you can repackage it into new content for a fresh perspective.
For example, if you asked for opinions from your readers on a certain issue, you could cherry pick the best. Then take those quotes and make them a text-over-image for easy sharing and appeal to social networks like Facebook and Pinterest.
Quotes look fabulous on the image. Look at how Quoto makes its quotes flye with its picture quotes feature, for example.
Tool: Quotes Cover + pick sources of free blog images for the awesome backgrounds.
Infographics
Another way is by creating an infographic with the details you quote from a past piece of work. Statistics take on a whole new and effective meaning when presented more visually. The same goes for slideshows, videos and other visual media.
PowerPoint presentations are easy to convert into a video and will some nice music, you have a great piece of content to enrich your Youtuve Channel.
Expand Your Reach
Once you have repackaged your content, it is time to expand the reach of that content. Social media is going to be your best friend in this regard. Both Pinterest and Facebook have been mentioned already and they will be your primary networks for gaining visibility thanks to their popularity and frequent use of image sharing.
But don’t discount the help that sites like Google+, Reddit and even LinkedIn can provide, depending on your demographic. Then there are other media sharing sites, such as Youtube and Vimeo.
Share all content often and in many places at once. There are tools out there that will let you post to all of your social networks from a single dashboard, such as Hootsuite. While not necessary, it can be helpful and more productive than doing each one manually.
Be sure to encourage your followers to ‘like and share’ your content. Sometimes that little call to action can make all the difference.
Collect and Curate
Start sharing other quoted content. You can do this on most sites, but Pinterest is going to be your main source. Since you are pinning images from other sources, you will be gaining attention each time.
People will be more likely to follow your boards when you collect and curate content – and quotes are especially big there.
Tips on How to Package Quotes into Viral Content
Visual Appeal: Pair quotes with striking images or graphics that complement the message. Tools like Canva or Quotes Cover can help in designing these.
Relatable Context: Use contemporary events or trending topics as a backdrop for timeless quotes, making them relevant to current discussions.
Interactive Engagement: Convert quotes into polls or quizzes, prompting the audience to interact and share.
Collaborate with Influencers: Get endorsements or shares from industry influencers or personalities. A nod from a trusted figure can enhance credibility and reach.
Optimize for Sharing: Ensure the design and format of your content are mobile-friendly and easy to share on social platforms, with clear call-to-action buttons like “Share if you agree!”
Do you have any tips for repackaging quotes for viral content?
Persistence is key to succeeding, entrepreneurs often say. Whether you just need a little boost, or feel the weight of the world on your shoulders, persistence quotes can provide the spark to get your mojo back.
Everyone experiences setbacks, delays and obstacles. But many famous entrepreneurs point to one thing that made a difference in their careers. They kept going. They fell down, got up, dusted themselves off, and tried again.
We’ve collected persistence quotes from business leaders and professionals to share with you.
The Power of Persistence in Entrepreneurship
Every entrepreneur, at some point in their journey, will encounter setbacks, delays, and obstacles. It’s not the setbacks themselves that dictate success, but the determination to rise above them, dust oneself off, and keep moving forward.
Through the ages, many successful individuals have highlighted the significance of persistence. Here, we’ve curated a selection of persistence quotes from influential business leaders and professionals.
Below are 61 of the Best Persistence Quotes
Genius is one percent inspiration and ninety-nine percent perspiration. ~ Thomas Edison, Inventor
Ambition is the path to success. Persistence is the vehicle you arrive in. ~ Bill Bradley, Starbucks Corporate Director
Energy and persistence conquer all things. ~ Benjamin Franklin
Be passionate and bold. Always keep learning. You stop doing useful things if you don’t learn. So the last part to me is the key, especially if you have had some initial success. It becomes even more critical that you have the learning ‘bit’ always switched on. ~ Satya Nadella, Microsoft CEO
The question is not whether you have the money. It is whether you have the hustle. There’s a difference! ~ Nicky Verd, Keynote Speaker
Persistence Quotes for Startups
Does tenacity beat talent or a great idea? Some startup leaders think so. Read their quotes on persistence.
Persistence pushes me to be bold and seek out the opportunities I’ve wanted. It starts by envisioning what you want, no matter how big or small, and believing that you can achieve it. ~ Belinda Johnson, Former CEO of Airbnb
Passion, Patience, and Persistence are the ingredients to be an entrepreneur. ~ Jawo, YouTuber and IT Specialist
The successful entrepreneurs that I see have two characteristics: self-awareness and persistence. They’re able to see problems in their companies through their self-awareness and be persistent enough to solve them. ~ Alan Schaaf, Founder of Imgur
Most entrepreneurial ideas will sound crazy, stupid and uneconomic, and then they’ll turn out to be right. ~ Reed Hastings, Netflix Co-Founder and CEO
In my view, it’s irreverence, foolish confidence and naivety combined with persistence, open mindedness and a continual ability to learn that created Facebook, Google, Yahoo, eBay, Microsoft, Apple, Juniper, AOL, Sun Microsystems and others. ~ Vinod Khosla, Billionaire Businessman and Venture Capitalist
I’ve known entrepreneurs who were not great salespeople, or didn’t know how to code, or were not particularly charismatic leaders. But I don’t know of any entrepreneurs who have achieved any level of success without persistence and determination. ~ Harvey Mackay, Best-Selling Business Author
Building a successful business requires a combination of human capital, financial resources, market opportunity, persistence, community support, and even luck. ~ Andrew Yang, American Entrepreneur and Political Candidate
I demand a lot from myself and reflect this attitude upon others: I consider it to be an important quality for a leader. I also think it is impossible to achieve success without persistence. ~ Yelena Baturina, Russian Billionaire Businesswoman
With patience and persistence, even the smallest act of discipleship or the tiniest ember of belief can become a blazing bonfire of a consecrated life. In fact, that’s how most bonfires begin – as a simple spark. ~ Dieter F. Uchtdorf, German Businessman
To succeed at anything worthwhile in life requires persistence, no matter how gifted, fortunate, or passionate you are. ~ Rich Karlgaard, Entrepreneur and Author
Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination alone are omnipotent. ~ Calvin Coolidge, 30th President of the United States
Quantity and persistence will get you the outcomes you need. ~ James Altucher, Hedge Fund Manager, Entrepreneur and Venture Capitalist
Once you believe that you can do something, there is not a single person in the universe who can convince you otherwise. ~ Germany Kent, Author and Journalist
Flaming enthusiasm, backed up by horse sense and persistence, is the quality that most frequently makes for success. ~ Dale Carnegie, Author of ‘How to Win Friends and Influence People’
Quotes to Overcome Failing
Sir Winston Churchill once said, “Success is stumbling from failure to failure with no loss of enthusiasm.” Although humorous, it’s one of those quotes with profound meaning. Churchill, who is known for one of the most famous persistence quotes in history (“We shall never surrender“), is saying never give up. Be positive. Eventually you will triumph. Here are more:
Success is not the absence of failure; it’s the persistence through failure. ~ Aisha Tyler, Broadcaster and Actor
A little more persistence, a little more effort, and what seemed hopeless failure may turn to glorious success. ~ Elbert Hubbard, Travelling Salesman and Writer
My greatest point is my persistence. I never give up in a match. However down I am, I fight until the last ball. My list of matches shows that I have turned a great many so-called irretrievable defeats into victories. ~ Bjorn Borg, Tennis Player
Many of life’s failures are people who did not realize how close they were to success when they gave up. ~Thomas Edison, Inventor
So when your mind tells you to quit or give up, you tell it to SHUT UP. Then you go about your healthy business. Believe me, it will listen after awhile of being persistent. ~ Harken Headers, Author
I think the most important trait for an entrepreneur is persistence. When you try to do something new and difficult, you are more likely to fail than to succeed. ~ Trip Adler, Co-Founder of Scribd
If you don’t accept ‘no’, don’t give up, and don’t bow to the status quo, a window of opportunity will eventually crack open and you’ll be standing in front of it. If it doesn’t crack open, just keep prying with a crowbar until it gives. ~ Anthony Iannarino, Entrepreneur and Sales Leader
Persistence and resilience only come from having been given the chance to work though difficult problems. ~ Gever Tulley, Entrepreneur and Computer Scientist
The key of persistence opens all doors closed by resistance. ~ John Di Lemme, Author and Founder
No matter how much falls on us, we keep plowing ahead. That’s the only way to keep the roads clear. ~ Greg Kincaid, Lawyer and Author
Paralyze resistance with persistence. ~ Woody Hayes, College Football Hall of Famer
The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those which fail. ~ Napoleon Hill, Author of ‘Think and Grow Rich’
Persist. Even when you’re heavy with emotion, pick yourself up bringing the axe of your actions down, repeatedly chopping at the day until you bring the sun low with success. ~ Curtis Tyrone Jones, Life Coach
Keep going. Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end. ~ Roy T. Bennett, Thought Leader and Author of ‘The Light in the Heart’
Persistence Quotes to Achieve Goals
When the going gets tough, do you give up? Read these quotes to see why persistence is so important to achieving goals.
The only thing that stands between dreams and reality is persistence. ~ Abhijit Naskar, Neuroscientist, Speaker and Author
To persist with a goal, you must treasure the dream more than the costs of sacrifice to attain it. ~ Richelle E. Goodrich, Author of ‘Smile Anyway’
What are you here to do? What are you uniquely good at? Add to that the importance of doing it persistently, being dogged. There are massive returns to doggedness. ~ Daniel Pink, Economist
Setting a goal that may look a bit unreasonable at first feeds me with the needed energy and motivation to be persistent until I reach it. ~ Marcel Nickler, Digital Business and Board Advisor
Countless great ideas are at this moment gathering dust in files and boxes simply because their owners didn’t stick with them. ~ Sam Harrison, Author of ‘Ideaspotting’
The natural consequence of diligence and persistence is competence and success. ~ Vincent Okay Nwachukwu, Author of ‘Weighty and Worthy African Proverbs’
Make a decision to keep pressing forward. Keep believing and keep stretching until you see your dream fulfilled. ~ Joel Olsteen, Pastor and Televangelist
Even during a mid-life crisis do not deviate from your goal. History remembers only those who succeed. ~ Hockson Floin, Business Development Manager, Architect and Author
The difference between perseverance and obstinacy is, that one often comes from a strong will, and the other from a strong won’t. ~ Henry Ward Beecher, Social Reformer
Every obstacle in life can be melted by your undying persistence focus on the goal at hand. ~ Daniel Anikor, Researcher and Author
To challenge myself to great things is to patiently and persistently expend myself in enduring all of the little things that make up every great thing. ~ Craig D. Lounsbrough, Professional Life Coach
Just because you are a CEO, don’t think you have landed. You must continually increase your learning, the way you think, and the way you approach the organization. ~ Indra Nooyi, former PepsiCo CEO
What I always say is, ‘Do every job you’re in like you’re going to do it for the rest of your life, and demonstrate that ownership of it.’ ~ Mary Barra, General Motors CEO
If you truly can dedicate your life to one single mission, no matter the nature of the mission, then sooner or later the mission itself will pave its own way for you to keep on walking – so, close your eyes, visualize your mission and take the leap of faith. ~ Abhijit Naskar, World-Renowned Neuroscientist
Quotes on Daily Persistent Steps
Nothing in the world can take the place of persistence each and every day. Choose a persistence quote to inspire you to take action.
Do it badly; do it slowly; do it fearfully; do it any way you have to, but do it. ~ Steve Chandler, Author of ‘Reinventing Yourself: How to Become the Person You’ve Always Wanted to Be’
As long as there’s breath in You – PERSIST! ~ Bernard Kelvin Clive, Personal Branding Coach
You never know what’s around the corner. It could be everything. Or it could be nothing. You keep putting one foot in front of the other, and then one day you look back and you’ve climbed a mountain. ~ Tom Hiddleston, Actor
Knowing trees, I understand the meaning of patience. Knowing grass, I can appreciate persistence. ~ Hal Borland, New York Times Editorialist and Naturalist
First forget inspiration. Habit is more dependable. Habit will sustain you whether you’re inspired or not. Habit will help you finish and polish your stories. Inspiration won’t. Habit is persistence in practice. ~ Octavia Butler, Author and Multiple Hugo Award Winner
What is often called exceptional ability is nothing more than persistent endeavor. ~ Pauli Murray, Civil Rights Activist
The little step, long continued, the very gradual but persistent advance, is sure to attain its end. ~ Lord Robert Montagu, British Politician
Discover a purpose that gives you passion. Develop a plan that makes you persistent. Design a preparation and motivates you to optimize your potentials. Do it because you love it! ~ Israelmore Ayivor, Inspirational Speaker
Do not sit still; start moving now. In the beginning, you may not go in the direction you want, but as long as you are moving, you are creating alternatives and possibilities. ~ Rodolfo Costa, Author of ‘Advice My Parents Gave Me: and Other Lessons I Learned from My Mistakes’
Slight persistent effort can move you successfully forward in anything you do. ~ Kelli Wilson, Author of ‘The Clutter Breakthrough’
You can’t make anyone do anything, but you can knock on doors until the right one opens. ~ Jolene Stockman, TEDx speaker and Writer
You must be very patient, very persistent. The world isn’t going to shower gold coins on you just because you have a good idea. You’re going to have to work like crazy to bring that idea to the attention of people. ~ Herb Kelleher, Southwest Airlines Founder
Just keep going. Everybody gets better if they keep at it. ~ Ted Williams, Baseball Player and Coach
A river cuts through rock, not because of its power, but because of its persistence. ~ James N. Watkins, Award-Winning Author and Speaker
Persistence Quotes Summary
Topic
Summary
Role of Persistence in Startups
Tenacity may be more valuable than raw talent or a groundbreaking idea. Resilience in startup founders leads to actively seeking opportunities, believing in their visions, and fostering a culture of continuous learning and adaptation.
Overcoming Failure
Viewing failures as temporary setbacks and learning opportunities can pave the way for eventual success. Figures like Sir Winston Churchill emphasize that success often comes after numerous setbacks but is achievable with sustained effort and a positive mindset.
Achieving Goals
Persistence plays a pivotal role in goal achievement. Even when facing challenges, maintaining a persistent mindset helps individuals stay focused on their dreams and push forward, turning seemingly unreasonable goals into achievable targets.
Daily Persistence
Consistent daily efforts, regardless of how small, contribute significantly to overall success. Such regular persistence can be likened to the continuous flow of a river, eventually cutting through rock not because of its immediate power, but due to its unyielding persistence.
How do you use this list of persistence quotes? Simple. Start your day by reading a quote about persistence or share a quote with your team.
