The trouble with regulations

I recently watched Max Borders’ video on regulation (watch it at http://www.youtube.com/watch?v=_gIGpzoZxuA). I completely agree with Mr. Borders’ stance. I was a small business owner who provided computer repair services in Las Vegas. It was almost mind numbing to start up and maintain this business. I had to register (and pay fees) with the State, with the county and with the city. I was operating this business out of my house, so I also had to get permission from the fire department. I was trying to do work with some larger corporations and every few years they would come out with new requirements for me to follow in order to do business with them. These business licenses and regulations, as well as corporate requirements, cost me thousands of dollars a year before I could even start making money. It was discouraging and, at times, caused me to not want to grow my business. I did hire a few employees when my business grew, but there were regulations (with their own compliance costs) to deal with for having people work for me. Ultimately, I decided it was not worth the cost of compliance and regulations of having employees and stopped hiring them. When employees stopped working for me I did not replace them and I got to the point of having no employees. I eventually sold this business and am now working for someone else, instead of myself.

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