The World Through My Eyes!

Small Business Struggles with Regulations

Small Businesses Struggle With Regulations

Small businesses struggle with regulations

A recent article I read states that small businesses struggle with regulations and that it costs them $83k. The article breaks down the leading causes in a succinct list. The list includes:

  • Complexity of the rules
  • The cost of compliance with the rules
  • Difficulty of interpreting and understanding the rules
  • The volume of existing rules
  • The volume of new rules
  • Rules contradict each other
  • Rules contradict other agencies' rules

This is a serious issue for small business owners. Small businesses struggle in many ways when it comes to regulations. Regulatory issues eat up a lot of time and financial resources which causes small businesses to struggle. You can read the article for yourself and see what I mean.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.