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.

2. 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.

3. 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.

4. 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!

5. 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 commercial loan officers or call 800-991-2221. We’re here to help you grow your business!

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