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Don't be one-sided: How you can talk politics without it being a battle

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With Election Day less than a week away, it is one of the most crucial days for the country's future. Amid the pandemic, racial strife, and natural disasters present in the country, there is no doubt in mind that the 2020 election will be lamented in history, unlike anything we've ever witnessed before.

Politics has always been quite the dividing force, supporters on either side marking lines in the sand. This is the catalyst for a prominent societal belief— never discuss politics with anyone.

Ever since I was young, I was taught to refrain from politics with someone from a different political party ( I grew up in an area that was predominantly Republican). I didn't really understand how this can be taboo, but the belief stayed with me to this day.

In my college years, the belief still stayed me with me, but how I approach politics has changed. Being around people with different backgrounds, beliefs, and life experiences opened my eyes, understanding that we really don't always think the same, and that's okay.

Here's how you can approach situations of differing beliefs with an open mind:

Do your own research

Political beliefs and opinions in politics are often cultivated from childhood. Our families and friends will often influence our views to believe something, or we may choose to reject these beliefs. To be quite honest, it doesn't matter what political party. What matters is that you do your due diligence to research the candidates' policies and stances and the party you intend to endorse so that you are well versed and knowledgeable in what you discuss and support.

Political division is nothing new in society

The partisan divide has been embedded in American culture. George Washington's Farewell Address warned the American people about the dangers of factions and division that will happen and what it will cause. The division between belief systems and political parties has always been there. It will remain present as long as you are willing to take a moment to listen and discuss conflicting opinions.

Voting in the election is about who you think will be best for the country… or not

Expressing the right to vote is the foundation of our democracy in this country. Having the right to vote for who you believe will be the best candidate to address issues is important, but don't just vote for someone because they only appeal to your beliefs. When considering politics, it's always encouraged to consider others, especially those marginalized, who may be affected by policies that you may disregard because they don't apply to your livelihood.

Politically charged conversations should never be the place for hostile emotions

Even though it's tempting – especially in today's social climate—to assert your political beliefs in an aggressively charged way, it's best to not force these opinions on to somebody who has different ideas about politics ( trust me, I learned the hard way by getting mad at a friend that refused to wear a mask during the pandemic we are in).

Of course, this doesn't mean that you don't have to talk about politics with them. It's actually great to discuss why you're voting for somebody or why you have certain belief systems because it opens up the door for a conversation that would normally be cast aside. When discussing politics and trying to influence others to change their thoughts, you must come from a place of compassion and understanding of where they are coming from in their beliefs.

Let's face it, anytime you force your opinion on someone, it creates a significant divide between ideologies, even reinforcing someone's reasoning on why they won't vote for a person you prefer because you're not taking into account where they're coming from.

In these brief ideas about the political divide and how we can approach the conversation in constructive ways, we have to come together as a nation to start a healthy dialogue, free of ridicule.

Women founders continue to come up against common challenges and biases

Written by Kelly Devine, Division President UK & Ireland, Mastercard

Starting a business may have historically been perceived as a man’s game, but this couldn’t be further from reality. Research shows women are actually more likely than men to actively choose to start their own business – often motivated by the desire to be their own boss or to have a better work-life balance and spend more time with their family.

The recently published Mastercard Index of Women Entrepreneurship 2021 found that in the category of 'Aspiration Driven Entrepreneurship’ – capturing those who actively choose to start their own business – women in the UK surpass men: 60% vs 56%. And Mastercard research from February 2022 found 10% of female business owners started their business in the past two years compared to 6% of men – meaning women were 67% more likely to have started a business during the pandemic.

Yet, there are common challenges that women founders continue to come up against - not least the gender imbalance in the household and long-held biases which are still prevalent.

In the UK, women are almost three times more likely to be balancing care and home commitments than men, and this was exacerbated during the pandemic as the additional barriers of school closures and lockdowns meant that the care time of dependents rose significantly on a day-to-day level for women. In addition, women were less likely to have access to a home office, greatly impacting the work they were able to accomplish when working from home was the only option.

It's also widely known that female business owners are still more likely to struggle to access funding for their business ideas. According to Dealroom, all-women founding teams received just 1.4% of the €23.7bn invested into UK start-ups in 2021, while all-male leadership teams have taken almost 90% of the available capital.

Without financial support, and when juggling significant time pressures both at home and at work, how can women grow their companies and #BreaktheBias (as this year’s International Women’s Day termed it)? What tools or support can save them time and money, and give them the headspace they need to focus on building their business?

With female owned businesses collectively estimating revenue growth of £120 billion over the next five years, solving this problem is bigger than supporting women – it’s about supporting the national economy.

Using tech to level the playing field

There are clearly societal issues at play that need to be resolved. But when we look at the rise in technology businesses during the pandemic, we can plainly see an alternative source of support critical for business growth: digital tools.

A third of female business owners say new technologies will be crucial to the success of their business in the future and one in five say it is the most important thing for business growth.

With new technology comes new ways to pay, create, and work. And yet there are barriers that prevent business owners accessing this technology. Women are significantly more likely to say they want to use more digital tools but don’t know what is best for their business and also more concerned about the security of digital tools.

When technology is adopted by businesses – whether using online accounting solutions or messenger services for communicating with staff – it saves them time, allows them to maintain and grow their customer base, and ultimately increases cost savings and profit.

By drastically improving the training and support that is available to women-owned business to access and utilise technology we will allow these businesses to grow and succeed. And we know there is demand for it.

Research done by the IFC and Dalberg shows that female entrepreneurs are more likely to invest time and money in business development. This includes product development, customer base expansion, and digital tools and training and there are plenty of services available offering this type of support – many of them for free.

One such programme is Strive UK – an initiative of the Mastercard Center for Inclusive Growth – which aims to reach 650,000 micro and small business owners across the UK and empower them with the tools they need to thrive in the digital economy through free guidance, helpful tools and one-to-one mentoring.

Working together with small business experts – Enterprise Nation, Be the Business and Digital Boost – we hope to ensure hundreds of thousands of UK female business owners have the tools they need to succeed and reach their ambitious goals. Because this ambition remains strong in the UK, with female business owners largely optimistic about the future despite the multitude of challenges they are facing. Four in ten say they will grow their business in the next five years – compared to only a third of male business owners – and they’re also 35% less likely than men to say they plan to downsize or close the business.

But if we do not empower female entrepreneurs to access the tools and technology they need to grow, there is a risk this optimism could be misplaced. Support programmes that provide business owners with guidance and mentorship can help ensure this isn’t the case, allowing female entrepreneurs to not only survive but thrive in the months and years ahead.