6.28.19

Friday Five Business Briefing – June 28, 2019

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Here’s the news to help run your business better, including how Michigan’s no-fault law will be changing, the effect of tariffs on local farmers, how to learn a new skill quickly and more.

  1. Reform coming for Michigan’s no-fault law — The changes underway to make our state’s auto insurance law will be phased in over several years and auto owners will see annual savings of $120 to $1,200. See all the changes in the proposed legislation. Governor Whitmer is expected to sign the bill into law.
  1. Tariff war hits Michigan soybean farmers — China is a $3.1 billion market for U.S. soybean growers. Michigan farmers are feeling the impact of a 25% tariff China slapped on U.S. soybeans in 2017 and lower prices. Get the whole story.
  1. Why to “enterview” as part of your onboarding process — Letting new colleagues know their new team thinks they are a big deal (and why!) is a great welcome that also sets a solid foundation for future collaboration. Watch what makes an employee welcome effective.
  1. Vacation-happy Europeans produce more per hour than workaholic Americans — Read why taking more vacation each year is good for your career and your company. Then, take some time off!
  1. When you need to learn really fast, take 10 Alternating practice sessions of a new skill with 10-second breaks was the key to faster learning for stroke victims. “Distributed practice” like this has been shown to be effective in other studies so it’s worth a try the next time you’re learning something new. Get the whole story here.

Thank you to our Friday Five sources: National Federation of Independent Business, Grand Rapids Business Journal, David Burkus and Inc.

Do you have business banking questions? Contact our knowledgeable business development managers or call 800-991-2221. We’re here to help you grow your business!

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