Welcome to the First Issue of Oklahoma Business!

Hello, Oklahoma Business community!

I'm thrilled to welcome you to the inaugural issue of the Oklahoma Business newsletter, your weekly source for the latest news, insights, and advice from the Sooner State's bustling business community. I aim to inspire, inform, and engage business owners and leaders across Oklahoma by highlighting local success stories, sharing expert insights, and offering valuable tips for growth and sustainability.

In this issue, we’re featuring an Oklahoma City-based company that has become a household name in the arts and crafts industry. I'll also share some essential business advice and update you on the recent news that may impact your business.

Featured Business: Hobby Lobby

Hobby Lobby, a leading arts and crafts retailer based in Oklahoma City, inspires creativity and generosity nationwide. Founded in 1972 by David and Barbara Green, Hobby Lobby started as a small home business with only $600 and has grown into a billion-dollar enterprise with over 900 stores in 46 states. Their remarkable success story has been featured in numerous publications and documentaries.

What sets Hobby Lobby apart? A strong commitment to faith and family. By operating according to biblical principles, the company can provide quality products at affordable prices while supporting various charitable causes. Hobby Lobby’s diverse product range includes everything from fabrics and floral supplies to home decor and jewelry-making kits. Whether you’re looking for a hobby or a gift, you’ll find something to spark your imagination at Hobby Lobby!

Could you message me if you know a business I should feature (next week: QuikTrip)?

Business Advice: Cultivating a Strong Company Culture

A positive company culture can be the key to retaining top talent, boosting employee morale, and driving success. Here are three tips for cultivating a strong company culture in your business:

1. Establish a clear mission and vision: Employees are more likely to be engaged and committed when they understand the purpose and goals of the company. Clearly communicate your organization's mission and vision, and ensure that they are reflected in daily operations.
2. Promote open communication: Encourage a culture of open communication by being transparent, approachable, and willing to listen to feedback. This fosters trust and collaboration among team members.
3. Recognize and reward achievements: Acknowledge your employees' hard work and accomplishments through regular recognition and rewards. This can boost morale and motivate team members to continue striving for success.

Oklahoma Business News Roundup

• Senate President Pro Tem Greg Treat wants to know why Oklahoma lost a major manufacturer for the second time in two years1.
• The housing market in Oklahoma City doesn't seem to be affected by recent coastal bank failures2.

Sources:

(1) Treat wants to know why Oklahoma keeps losing business developments. https://www.thecentersquare.com/oklahoma/article_3c1d26ac-c272-11ed-8bef-2fea93a4ccdd.html Accessed 3/19/2023.

(2) Oklahoma City housing market doesn't seem rattled by recent coastal bank failures. https://www.oklahoman.com/story/business/real-estate/2023/03/18/okc-housing-market-ignores-bank-failures-that-rattled-financial-markets/70003330007/ Accessed 3/19/2023.

That's all for the first issue! I hope you found the content valuable and exciting. Remember to share this newsletter with your colleagues and friends and encourage them to subscribe.

I look forward to connecting with you every week and exploring the diverse landscape of Oklahoma business together.

Warm regards,

Spencer Heckathorn

Techsico Information Technology LLC.,

https://techsico.it/