Key Trend To Watch: There seems to be a common thread to small business growth---wait and see. Many leaders report slow economic expansion means less hiring, more cutbacks, fewer new products. Hopefully, the presidential election in November with stimulate growth in the new year. Some economists are reporting signs of another recession in 2017.
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2016 will be time of opportunities.
LISTEN EVERY WEDNESDAY 8PM EASTERN TO SMALL BUSINESS DIGEST RADIO.
Legal Vultures Hurting Small Businesses
More laws affecting small businesses have been enacted in the past eight years than in all of the nation’s history.
Enacted for the common good, they often force extra costs and burdens on smaller entities.
Most anti-government pundits talk about federal laws, but often state and local laws are the most punishing to enterprises.
In the end, billions of dollars are consumed effecting changes in business locales and practices but not all of it helps or protects the general public.
Moreover, even the most conscientious unwitting small business leader can run afoul of laws that have unintended consequences.
Individuals and law firms have made a cottage industry of suing smaller establishments for offenses or practices once considered within legal boundaries. They range from not having proper access for handicap persons to making or selling common food additives proscribed by state legislation