Business is confusing. I remember starting my first business and attempting to comply with the maze of laws and regulations that could have stopped me in my tracks before even starting. I spent weeks attempting to work through these problems only to find out that, at my size of business, most of the regulations didn’t apply. Those several weeks cost me time and money — and although my business venture turned out all right, I had to clear out my bank account several times and those weeks of cushion could have been useful.
With larger-scale businesses, the time frame is extended and knowledge needed is even greater (and therefore often more costly). And when we start talking about cutting-edge businesses like ride-sharing startups, cryptocurrency, blockchain, or marijuana, it turns out that some of the barriers to entry almost can’t be overcome because of confusing, unclear, and even contradictory regulations.
