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Sharing fixed costs eases the pain of regulations on small business

  • July 2011
  • Number of views: 3437
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Bill Gray
Control Concepts, Inc.

The thought of dealing with government regulations always gives me the cold sweats! As a business owner, I have never had a fun experience meeting with a regulator. From the local building inspector checking my office’s toilet seats, to a Federal employee telling me I will need to pay a $25,000 fine because I failed to send in the proper 401k form; not my idea of a good time.

I’m sure I’m preaching to the choir. We could probably all add to the “Greatest Hits of Bureaucratic Horror Stories.” Don’t get me wrong. Regulations have their place. But are we overly regulated? And how do small businesses best cope with the regulations?

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