Dennis Prager’s genius system of making complex problems simple to understand just produced one of the most effective efforts when discussing small business’ regulatory burdens.
You know there’s a regulatory problem when a business is forced to destroy over $60,000 in packaging for Coconut Cookies because the ingredients “small print” inadvertently left off “coconut” from among the “allergy sensitive” ingredients.
Well, duh…who would purchase Coconut Cookies when they know they are allergic to coconut? How about two federal agencies with conflicting rules that say which way the door swings between the kitchen and customer areas? Whose rules do you follow and at what cost?
Listen and learn just how ridiculous our business environment has become and then think about how many more jobs could be provided if the regulatory costs and stupidity were reduced.