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Monday's Afternoon Update
What you need to know about Florida today
Gas prices could bump back up as Floridians return to roads
Florida gas prices could be in the fast lane to bump back up as more drivers return to work this week. The end of Gov. Ron DeSantis’ stay-at-home restriction is expected to boost optimism within the fuel market, leading experts to believe gasoline demand will soon be on the rise, according to AAA. Florida gas prices are averaging a four-year low at $1.77 a gallon. More from the Orlando Sentinel.
Sales and Marketing Advice
The power of positive leadership
Mike Tyson, former world heavyweight boxing champion, once said, "Everybody has a plan until they get punched in the mouth." You’re busy, so I’ll get right to the point: It’s highly unlikely that your team is as clear on the company’s strategy as it is in your mind. Although your “plan” seems to be going fine. Then it happens – the unexpected. Read Ron Stein's full column here.
Insurers are telling businesses their policies don’t cover coronavirus shutdown. John Morgan attorneys say they’re wrong.
Already, lawsuits have been filed in courts across the country, including in Florida, demanding insurance companies pay out claims. And in at least eight states, legislation has been introduced that, if passed, would require insurers to cover losses or change policies going forward in the event of more stay-at-home orders brought on by a virus. Now, Orlando law firm Morgan & Morgan has thrown its might behind business owners whom its attorneys argue are being misled by insurance companies deliberately misinterpreting their own policies. More from the Orlando Sentinel.
Florida arts groups get federal jobs help
Theaters still may be closed, but thanks to federal Payroll Protection Program money from the Small Business Administration, both Asolo Repertory Theatre and Florida Studio Theatre have been able to bring some of their employees back to work, while others now have help to cover staff who never stopped working. More from the Sarasota Herald-Tribune.
Popular outlet mall plots reopening strategy
One of the largest shopping destinations in Southwest Florida, Miromar Outlets, is joining several other centers statewide in reopening May 4. “We know there are a lot of people who are looking forward to shopping, dining, walking around the mall and returning to some degree of normalcy,” says Jeff Staner, vice president and general manager of Miromar Outlets. “We have implemented a number of protocols to ease safety concerns.” More from the Business Observer.
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| What changes have you made to your business/work-flow during the pandemic? | |
| Our question and answer series In Focus asks members of Florida's business community to share real-life lessons, tips and experiences learned along the way. This week's question: "What changes have you made to your business/work-flow during the pandemic?" Top responses will be published in our newsletter. Submit your response and accompanying photo to: floridatrend.com/infocus/submit |
Business Profile
Miami Angels
Miami Angels closed its first investment of 2020 in the midst of the pandemic and it has another deal in due diligence now. Yes, the South Florida angel network is open for business. Miami Angels is coming off a strong year – its best year ever for number of deals. In 2019, the angel network invested in 16 deals, 12 of them new investments and four follow-ons. In total, Miami Angels has invested $12.7 million in 36 companies since 2014.
» More from Refresh Miami.
Sports Business
Tampa Bay Rays’ Blake Snell is champion of virtual baseball
For now, the only formal competition for major-league players has been participating in MLB The Show’s video game tournament. And Blake Snell on Sunday made the most of it, winning the championship by leading the Rays to a three-game sweep of Lucas Giolito’s White Sox in the finals.
» Read more from the Tampa Bay Times.
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