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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 May 23, 2021

10 Best Free Job Apps You Need For Effective Job Hunting

10 Best Free Job Apps You Need For Effective Job Hunting

Seeking for the right job but not sure how to do it in a more effective way?

Try job search apps!

To make the job hunting process easier, I’m recommending 10 best job apps that can help you look for the right match anywhere at any time. The best of all? They’re all free!

1. jobandtalent

jobandtalent

    Great for browsing new jobs as you commute home via subway, bus or carpool, the jobandtalent app is like a Pinterest for job seekers.

    Easily browse, save and revisit job postings from your smartphone and receive notifications about jobs that match your professional qualifications.

    Download it for iOS and Android.

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    2. Jobr

    jobr

      This job hunting app is unique in that it lets you anonymously browse job listings based on your professional resume. If a company that you like also shows an interest in you, the app let’s you chat directly with a company rep. Great for getting your foot in the door and making a memorable impression.

      Download it for iOS.

      3. Monster Job Search

      monster job search

        I’m a big fan of Monster. It’s one of the first job sites employers think of when they want to list a new position online. The Monster Job Search app functions pretty similarly to the normal website, so it’s very easy to use for not-so-tech-savvy job hunters.

        Download it for iOS and Android.

        4. Jobs and Career Search

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        job and career search

          This is a good, simple app for browsing global locations for your next job. With a job index of more than 50,000 jobs listed globally, this app is a good choice if you are moving to a new area and want to line a new job up quickly.

          Download it for iOS.

          5. Hyper Networking Groups

          hyper networking groups

            This job hunting app isn’t so much a job hunting app as it is a connections hunting app. It’s great for learning who’s who in your desired field and forming connections. It also shows you how you and your industry connections are connected via your social networks, so you can follow up with them on your other social sites.

            Download it for iOS.

            6. CardDrop

            CardDrop

              CardDrop is an awesome job hunting app that let’s you digitally drop and pick up virtual business cards. This app is great for helping you make new connections at seminars, interviews, meetings and conferences. You can also attach social media profiles to the cards you pick up or send to enable easier connecting on social networks.

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              Download it for Android and iOS.

              7. Job Interview Questions

              interview questions both

                Okay, so this app looks kind of outdated, but it’s super useful for getting you into the swing of answering any kind of interview question that is thrown your way. The big benefit of using this app is that it explains to you what your interviewers motivations might be for asking you a specific kind of question. Learn what your interviewer is looking for in your answers and be more prepared for the real interview when the time comes.

                Download it for Android.

                8. 101 Interview Questions and Answers

                101 both

                  This app is great because it provides guidance about the kinds of answers you should give for each kind of question. Think of it as an essay rubric but for job interview questions.

                  Download it for Android.

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                  9. Job Interview Question-Answer

                  q and a

                    Feeling confident with your text-answered interview questions but concerned about doing the face-to-face interview? This app prepares you for interacting with your interviewer by simulating an employer asking you questions.

                    You can record your response and see what you look like to the interviewer to understand what movements, vocal pauses, etc. you need to work on.

                    Download this app for iOS and Android.

                    10. HireVue

                    hirevue

                      HireVue is a great job hunting app for those times when your interviewer wants to get some preliminary questions out of the way.

                      When an interested employer wants to interview you, they send you a request via HireVue and you can answer it in your free time, when you’re ready. Your interview might consist of a some FaceTime, some multiple choice questions or open-ended text answers and can be completed and sent to the interviewer when you’re finish.

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                      Download it for Android and iOS.

                      Featured photo credit: Yura Fresh via unsplash.com

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