Saturday, December 11, 2010
It's part of the plan...
Start A Business? In The United States? Are You Kidding Me?
Historically, small businesses have been the driving force behind America's economic growth. But today, we have made the business environment so complicated that small business owners are being completely smothered by red tape.
The following are 10 areas that anyone wishing to start a small business had better think about before moving forward. When you really stop and think about it, the fact that anyone out there is still attempting to start small businesses in America today is absolutely amazing.
#1 Regulations
If you plan to start a business in America today, you better get a hold of a good lawyer. In fact, if you want to be safe, you better get a small army of lawyers. You are going to need an expert on the federal regulations that apply to your business, you are going to need an expert on the state regulations that apply to your business and you are going to need an expert on the local regulations that apply to your business.
There are going to literally be thousands of regulations that apply to any business started inside the United States today. There is no way that you will ever be able to learn them all. Not only that, but the truth is that your lawyers will only be aware of a small fraction of them.
Do you know what the Federal Register is? The Federal Register is the primary source of regulations for U.S. government agencies. In 1936, the number of pages in the Federal Register was about 2,600. Today, the Federal Register is over 80,000 pages long. That is just one example of how bad things have gotten.
So what do you do? Well, just do your best to try to learn about the major regulations that apply to your business and pray that you don't end up violating some important regulation that you are not even aware of.
#2 Paperwork
Do you know what paperwork the federal government expects you to fill out? Do you know what paperwork the state government expects you to fill out? Do you know what paperwork the city or the county expect you to fill out? Do you know what paperwork you will be required to fill out when hiring a new employee?
The truth is that the paperwork burden on small businesses has multiplied in recent years. Many small business owners are so swamped with paperwork that they barely have time to conduct their actual businesses.
For example, the U.S. Food and Drug Administration is projecting that the food service industry will have to spend an additional 14 million hours every single year just to comply with a new federal regulation that mandates that all vending machine operators and chain restaurants must label all products that they sell with a calorie count in a location visible to the consumer.
14 million hours just to comply with one ridiculous regulation? Yes, that is how bizarre things have gotten in America in 2010.
#3 Fees And Fines
Many small business creators in America are absolutely horrified to learn of the fees and fines that they must pay before they can ever even open their doors. Much of the time it is revenue-starved local governments that are the biggest culprits...
Read more:
http://theeconomiccollapseblog.com/archives/start-a-business-in-the-united-states-are-you-kidding-me
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