Advertising
Advertising

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.

Advertising

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.

Advertising

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.

Advertising

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.

Advertising

Featured photo credit: Small Businesses via lifehack.org

More by this author

6 Reasons Why French Press Makes the Best Coffee 9 Things To Remember If You Love Someone Who Doesn’t Easily Show Affection 12 Ways To Earn More Money While You Have A Full-Time Job 7 Steps to Reduce Your Laptop’s Fan Noise & Increase Speed 7 Ideas To Decorate Your Home Using LED Strip Lights

Trending in Work

1 How to Use Visual Learning to Work More Effectively 2 Feel like Giving Up? 16 Way to Help Entrepreneurs Stay Motivated 3 How To Train Yourself When You Lack Attention To Details 4 Make Everyone At The Office Happy By Installing This 5 10 Tools to Start an Online Business without Breaking the Bank

Read Next

Advertising
Advertising
Advertising

Last Updated on January 27, 2021

How to Use Visual Learning to Work More Effectively

How to Use Visual Learning to Work More Effectively

Knowledge is essential to become successful in life, your career, and your business. Without learning new concepts and becoming proficient in your craft, it’s difficult to excel in your chosen career or archive knowledge to pass down to the next generation. Visual learning is one way to do this, and it can be incredibly effective in helping you work better.

Content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

The Importance of Knowing Your Learning Style

Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, but you’re able to communicate these same concepts to others effectively.

It all starts when you’re able to first identify the best way you learn.

As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts. Sure, I got good grades and performed excellently in my online exams. However, I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

There are several types of learning styles, which exist as part of the VARK model. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

The four most popular types of learning styles are:

  • Visual learning style (learning by seeing)
  • Aural or auditory learning style (learning by listening to information spoken or presented)
  • Read/Write learning style (learning that involves reading and writing texts)
  • Tactile/Kinesthetic learning style (learning by touching and doing)

For the purposes of this article, we will be focusing on using visual learning.

Advertising

Are You a Visual Learner?

When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

This may mean you prefer to read an actual map when navigating to a new place over listening to verbal directions. It may also mean that you have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

Visual Learner Infographic

    Most people who struggle with learning probably aren’t leveraging their best learning styles[1]. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

    However, visual learning in particular can really boost your career or business whether it is your preferred learning style or not, and here’s why:

    Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory, which helps us store information for longer periods of time.[2]

    While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e. learning about human DNA).

    Visual learning does use a different part of the brain, and visual cues are processed by the part of the brain known as the occipital lobe.

    Advertising

    By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

    How to Use Visual Learning for Success

    Here are 4 ways to use visual learning to boost your career or business:

    1. Bring Back the To-Do List

    We live in an age where computers have taken over virtually every aspect of productivity and most human functions. However, written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

    While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and aids recall so that you actually get stuff done.

    I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

    2. Add Graphs, Charts, and Symbols to Reports

    Yes, it seems like more work for you, but graphs enable you to monitor the heartbeat of your business.

    Graphs and charts help you find trends in your finances, make a budget, and analyze data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and convert it to relevant information displayed in different shapes and images in a matter of minutes.

    As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

    Advertising

    When broken down into monthly, quarterly, bi-annual, or annual goals, graphs and charts communicate what ordinary text cannot.

    3. Effectively Brainstorm With Mind-Mapping

    With mind-mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole, which is a great way to tap into visual learning.

    Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare, while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

    It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

    Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

    Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

    4. Add Video Streaming to Meetings

    What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation?

    When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories as images in our minds.

    Advertising

    For organizations that hold virtual meetings, it can also be an effective way to enhance performance as people can see their colleagues in addition to whatever form of video is provided during the meeting.

    Final Thoughts

    The question is not whether visual learning is better than the other learning styles. Each has their merits and situations where they will be most useful.

    The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

    You might discover that understanding scientific concepts is much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

    The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

    More About Learning Styles

    Featured photo credit: You X Ventures via unsplash.com

    Reference

    Read Next