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The Election’s Effect on Small Business: Things to Think About

November 9, 2016 // R. Shawn McBride // No Comments »

If you’re like 48% of the people in the country, the candidate you voted for won the election. However, within that 48%, we understand some of those 48% didn’t really want Mr. Trump to win, but they picked him as the lesser of two evils. Forty-eight percent of the people didn’t get what they wanted, and their candidate lost. Another 2% of the people did something else, they voted for someone different, probably knowing that their candidate wasn’t going to get selected. There’s probably a bit of a hangover in the country. Some people are really disappointed with the election results, some people are really happy with the election results, and there’s a lot of uncertainty.

What’s going to happen next for small and medium businesses?

For most small and medium businesses, the election results will not have a direct effect on your day-to-day business. The business is going to continue to run the same. Your state, local, regulatory environment, is not going to change that much in the near future. Things may change in the future, but going to work tomorrow, and going to work, probably, for the next year, will all be the same. Congress and the legislative process will keep things from moving too quickly in any one direction. Unless you are specifically affected by some policy initiative of Mr. Trump’s, which is likely going to be prioritized high in his administration, you’re not going to feel a direct effect. For most of us, this is business as usual, and for 90% of businesses, there won’t be any immediate changes.

What are some things to look out for? How do you know if you might be affected? Join us tomorrow for Part 2 of this blog, where we’ll talk about what specific things may be affected in business in the coming years.

What’s your thoughts on the election? Did your candidate win? Are you upset with the outcome? Join us in the comments below. We’ll enjoy discussing with you.

 

Make sure you download our free checklist to assess your business:  www.mcbrideforbusiness.com/BlogGift

 

This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances.  This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Christopher Bruno.

 

About the Author

Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment (www.rshawnmcbridelive.com), gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can reach R. Shawn McBride at info@mcbrideforbusiness.com or (214) 418-0258.

 

Check us out on the web at www.mcbrideforbusiness.com, www.rshawnmcbridelive.com

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Posted In: Business



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