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Small Businesses Talk a Big Game Regarding Presidential Election

Small Businesses Talk a Big Game Regarding Presidential Election

Like all aspects of life, the presidential election will have an impact on businesses. Stock market analysts use the election as a predictor on how stocks will fare in 2017. Small businesses look at elections differently. They usually are affected by local (mayoral or state) elections more than the presidential, but that doesn’t stop them from giving an opinion on it.

Based on a small business report, about one-third of those surveyed don’t see any effect at all. However, here are some issues from small businesses that they want to see the president tackle.

Community Banking

Local banks whose customers are small businesses face a disadvantage because of regulations that were implemented after the bank crisis. Although communities need the federal law to stop the same thing happening all over again, it places a disproportionate financial burden on smaller banks. They struggle to service the businesses who are their customers. The number of small banks in the United States dropped 14 percent after Dodd-Frank was enacted in 2010, according to researchers at George Mason University.

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Government Contracting

The federal government is supposed to give a certain percentage of contracts to small businesses, especially those owned by women and minorities. They should be awarded contracts to companies in economically disadvantaged neighborhoods. Small businesses plan to hold the government accountable to reach their goals for government contracting. The government did not reach its 5 percent goal for contracts for women-owned companies in the 2013 fiscal year. Agencies also didn’t give a 3 percent goal for companies in disadvantaged areas.

Regulations

The National Small Business Association, which is a group that supports small businesses in front of Congress and the president, says small companies have difficulty complying with current regulations. Many are unclear or are inconsistent with each other.

Because they choose the heads of the agencies, presidential candidates can impact how the government moves on this issue. NSBA wants Congress to move instead of being constantly blocked and wishes for the presidential candidate that can bring the legislative and executive branches together.

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Credit Card Fraud

Small businesses want the same protections against credit card hacking and fraud that consumers enjoy. When consumer accounts are hacked, federal law says the consumer be notified. However, businesses don’t get that help automatically. Credit card fraud can be the death of their companies if someone hacks into their system. Plus, it opens them up to legal issues by clients and customers.

Online Lending

Online lending has grown quickly, and small businesses have taken advantage of it. Banks aren’t awarding loans to small businesses, so they are turning to the online lenders. They aren’t regulated, which leads to high interest rates and unfair practices. Lenders are practicing predatory lending, which is not allowed if you went to a financial institution that has a brick and mortar site.

Small businesses also want tax breaks like $500,000 deductions for equipment purchases made permanent, instead of being approved annually by Congress. The group also wants self-employed people to get full deduction of their health insurance premiums; currently, if their business incurs a loss, they cannot deduct the premiums.

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About 800 small business owners were asked who they prefer to win the Republican nomination. Less than half, about 40 percent of those polled, believe that Donald Trump is the right man for the job. They cited the economy for small businesses as the reasons for Trump. Women business owners also favored Trump.

On the Democratic side, the survey respondents choose Bernie Sanders over Hillary Clinton.

The United States has more than 28 million small business owners operating. They are a strong force on the economy and want their voices heard in this election. They favor candidates who will fight unfair taxes and inconsistent regulations. They want to have a conversation with those in the elected office, not to be ignored. As the primaries continue, small businesses are watching the candidates looking for the ones who will support their issues.

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Featured photo credit: Small Businesses via lifehack.org

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Last Updated on June 26, 2019

10 Things You Should Do If You’re Unemployed

10 Things You Should Do If You’re Unemployed

Regardless of your background, times today are tough. Uneven economies around the world have made it incredibly difficult for many people to find work.

Regardless of age and qualification, stretches of unemployment have affected us all in recent years. While we might not be able to control being unemployed, we can control how we react to it.

Despite difficult conditions, there are many ways to grow and stay hopeful. Whether you’re looking for work, or just taking a breather between assignments, these 10 endeavors will keep you busy and productive. Plus, some may even help push your resume to the top of the next pile.

Here’re 10 things you should do when you’re unemployed:

1. Keep a Schedule

It’s fine to take a few days after you’re finished at work to relax, but try not to get too comfortable.

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As welcoming as permanently moving into your sweatpants may seem, keeping a schedule is one way to stay productive and focused. While unemployed, if you continue to start your day early, you are more likely to get more done. Also, keeping up with day to day tasks makes you less likely to grow depressed or inactive.

2. Join a Temp Agency

One of the easiest ways to bridge the gap between jobs is to find temporary work, or work with a temp agency. While many unemployed people job hunt religiously, rememberer to include temp agencies in the search.

While not a permanent solution, you will be in a better position financially while you search for something permanent.

3. Work Online

Another great option if you’re unemployed is online work. Many different sites offer a variety of ways to make money online, but make sure the site you’re working for is reputable.

Micro job sites such as fiverr, as well as sites that pay for you to take surveys, are all quick, legitimate options. While these sites sometimes offer lower pay, it’s always better to move forward slowly than not at all.

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4. Get Organized

Unemployment is an excellent opportunity to get organized. Embark on some spring cleaning, go through old boxes, and get rid of the things you don’t need. Streamlining your life will help you dive head first into the next chapter, plus it helps you feel like your unemployed time is spent productively.

5. Exercise

Much like organizing your life, another good way to keep yourself enthusiastic and healthy is to exercise. It doesn’t take much to get slightly more active, and exercise can help you stay positive. Even a walk around the block a few times a week can do a lot for keeping you motivated and determined. If you take care of yourself, you can make the most of this extra time.

6. Volunteer

Volunteering is an excellent way to use extra time when you’re unemployed. Additionally, if you volunteer in an area related to your job qualifications, you can often include the experience on your resume.

Not only that, doing good is a true mood booster and is sure to help you stay optimistic while looking for your next job.

7. Increase Your Skills

Looking for ways to increase your job skills while unemployed is a good way to move forward as well. Look for certifications or training you could take, especially those offered for free.

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You can qualify more for even entry level positions with extra training in your line of work, and many cities or states offer job skills training. Refreshing your resume, and interview and job skills may make your job hunt easier.

8. Treat Yourself

Unemployment can be trying and tiring, so don’t forget to treat yourself occasionally. Take a reasonable amount of time off from your weekly job hunt to recharge and rest up. Letting yourself rest will maximize your productivity during the hours you job search.

Even if you don’t have extra money for entertainment, a walk or visit to the park can do wonders to help you go back and attack your job hunt.

9. See What You Can Sell

Another good way to bridge the gap between jobs is to sell unused possessions. eBay and Amazon are both secure sites, but traditional garage sales are a fine option too. Sell off a few video games, or some electronics, for some quick and easy cash while you figure out a permanent solution.

10. Take a Course

Much like training and certifications, taking a class can be a good way to keep yourself sharp while unemployed. Especially when you’re between jobs, it can be easy to forget this option, as most courses cost money. Don’t forget the mass of free educational tools online.

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Keeping your brain sharp can help you stay focused and may even help you learn some new, relevant job skills.

The Bottom Line

While unemployment numbers are still high, there are many things you can do to better yourself and move forward. While new skills to aid your job hung might seem out of reach, there are plenty of free ways to get ahead, online and off.

Additionally, don’t forget that taking time for yourself can do wonders for keeping you productive in your job hunt. While it is a challenge, don’t give up–being unemployed can offer you extra time to better yourself, and possibly grow more qualified to find work.

Featured photo credit: Resume – Glasses/Flazingo Photos via flickr.com

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