Starting a business isn’t cheap. Office space, advertising, licensing fees, and payroll are just a few of the basic startup costs for most entrepreneurs. In fact, a 2009 study from the Ewing Marion Kauffman Foundation found that the average cost of starting a business was around $30,000.
So, it’s not hard to imagine how new regulations and local ordinances can throw a wrench in a business’s ability to succeed. Complying with local ordinances is a cost most businesses are forced to undertake without exception. And yet, the governing bodies that pass these rules and regulations often do little to mitigate the cost of their ordinances on the local businesses that ultimately bear the full weight of overburdensome regulations.
New legislation will help businesses and local governments work together
Starting a business isn’t cheap. Office space, advertising, licensing fees, and payroll are just a few of the basic startup costs for most entrepreneurs. In fact, a 2009 study from the Ewing Marion Kauffman Foundation found that the average cost of starting a business was around $30,000.
So, it’s not hard to imagine how new regulations and local ordinances can throw a wrench in a business’s ability to succeed. Complying with local ordinances is a cost most businesses are forced to undertake without exception. And yet, the governing bodies that pass these rules and regulations often do little to mitigate the cost of their ordinances on the local businesses that ultimately bear the full weight of overburdensome regulations.