It’s hard to start a business. It takes skill, capital, tolerance of risk, and just good old hard work. Layer the red tape on top of all the things a business owner must contend with in the marketplace these days and it’s not surprising that we are losing more businesses than we are creating as an economy.
Small business is only the heart and soul of this country. No big deal. It’s not like it’s hard to make a small business work even without entangling government red tape and expensive mandates from DC made by bureaucrats who don’t even know what a payroll is. It’s pretty easy.
The Obamacare open enrollment period is upon us again. But as the author of the attached article says, enrollment isn’t the biggest challenge for the program over the next 6 months. When April 15th comes a LOT of individuals are going to be paying penalties they don’t realize they are going to have to pay.
Some of the best cuisine for sale in America is actually cooked in homes, usually quietly. In Texas however at least a few food micro-entrepreneurs are now able to come out of the pantry.
The key here is that the feds get to flaunt the law but private (often smaller) companies get the hammer.
The Fed Agrees.
It is absolutely true that small business is the employment driver for this country and in many respects for the world.
A recent Brookings Institution study determined that the US is at its least entrepreneurial in decades. Companies are dying, and new companies are not coming online fast enough.
For as long as there has been an “American Dream” there have likely been people who insisted that it was dead. But it’s funny. No one really knows what the “American Dream” actually is.
The company has 17 trucks and 30 employees. 2 of the trucks apparently had a defective tire on them when inspected and the federal government cited the company and sent a letter demanding a “Plan of Corrective Action.” The letter was sent by regular mail, and was not received. Getting no response from the business owner the Feds shut down the company.