Small Business Owner & Government Regulation

I am a small business owner who provides business consulting services to other business owners.

I don't see many small business owners who use business models or operating systems where efficient methods to perform said tasks do not already exist (in compliance with government regulations).

• If I am an excavation company there are tools and equipment to dig safely while protecting equipment, employees and the environment.

• If I am a coal mining operation, there are tools and equipment to mine safely while protecting equipment, employees and the environment.

• If I am an electrician, there are tools and equipment to install, upgrade or maintain electrical systems safely while protecting equipment, employees and the environment.

• If I am a grocery store owner, there are there are tools and equipment to operate a convenience store safely while protecting product, equipment, shoppers and employees.

Historically regulations are enacted as a result of major economic harm caused to our countries gross national production by a private industry activity (meaning GDP dollars are being wasted causing harm rather than doing work).

This might be employee safety, environmental safety, food safety and other major segments of our economy.

Small business operations benefit from government regulations.

If we went without environmental health and safety regulations the cost to do business would surely be greater. The cost to insure business operations would clearly be more expensive. And there would likely be more business owners in bankruptcy due to the inability to properly manage the operational risk of their company.

Regulations help business owners to know the most dangerous operations of their chosen career and provides a road-map to successfully navigate the dangers inherent in their businesses. Regulations also reduce the cost of illness, injury and law suits which would result from a lack thereof.

Government regulations, thank you for helping new small business owners successfully navigate their business most dangerous operations allowing them to succeed and grow to hire their fellow citizens.

Think about it in a different way: A tort, in common law jurisdictions, is a wrong that involves a breach of a civil duty (other than a contractual duty) owed to someone else.

A person who suffers a tortious injury is entitled to receive "damages", usually monetary compensation, from the person or people responsible — or liable — for those injuries.

WIKIPEDIA REFERENCE MATERIAL TO UNDERSTAND THE SUPPORTING FACTS

Tort law defines what is a legal injury and whether a person may be held liable for an injury they have caused.

Legal injuries are not limited to physical injuries. This may include emotional, economic, or reputational injuries as well as violations of privacy, property, or constitutional rights.

Tort cases comprise topics such as auto accidents, false imprisonment, defamation, product liability (for defective consumer products), copyright infringement, and environmental pollution (toxic torts), among many others.

Again I say small business operations benefit from government regulations.

The cost to insure business operations would clearly be more expensive.

Law suits from people claiming fraud, misrepresentation, breach of contract would be greater.

And there would likely be more business owners in bankruptcy due to the inability to properly manage the operational risk of their company.