Reduce compliance costs for new and small businesses

Reduce compliance costs for new and small businesses

For a great number of people, there's nothing more exciting than starting and building a new business. But the cost of compliance to existing laws and the cost of support to help you in times of trouble is too high and puts a lot of people off starting their own business. We should look to change the laws relating to business operations so that small businesses can focus more on operation rather than compliance. Moving from working for a government department or large corporation and starting up on your own is a growing trend and fits in with the seemingly global trend of starting to rebel against the "big brother" sort of systems that are perceived to be driving the global economy for the benefit of a few. There is plenty of evidence to show the compliance costs to small businesses and the restrictions to growth that is associated.

Showing 12 reactions

How would you tag this suggestion?

Sign in with

Or sign in with email

    Please check your e-mail for a link to activate your account.
    • Chelsea Finnie
      tagged this with interesting 2016-12-03 23:07:56 +1300
    • Richard Wyles
      commented 2016-11-26 11:06:56 +1300
      I’ve started businesses in several countries and believe me NZ is fantastic in this regard – the bureaucratic hurdles that David is concerned about simply aren’t there IMO. Of course improvements can always be made but this is a great country to start businesses from a redtape perspective, perhaps not so easy from a raising capital perspective
    • Richard Wyles
      tagged this with dislike 2016-11-26 11:06:56 +1300
    • David ten Have
      tagged this with dislike 2016-11-26 05:08:21 +1300
    • Graeme Kiyoto-Ward
      commented 2016-11-25 21:38:29 +1300
      To make this an electable platform it would need to be specific about which compliance requirement would be targeted. Food hygiene and employee safety are there for specific purposes and have benefits for staff and customers. It would be valuable to compile a list so the electorate would know where the focus was.
    • Graeme Kiyoto-Ward
      tagged this with interesting 2016-11-25 21:38:29 +1300
    • Graeme Kiyoto-Ward
      tagged this with important 2016-11-25 21:38:28 +1300
    • David Christensen
      commented 2016-11-25 15:19:18 +1300
      Agreed Philip. But I’m also thinking about what could be done by simplifying regulations so that small businesses did not have to suffer the overhead of compliance. Employee management, Health & Safety, Food Hygiene…. These are all important areas which small businesses need to address, but the cost of bureaucracy is horrible. For example the Employment Act applies equally to small and large businesses but it is so convoluted that no small business owner can completely understand it – hence we need to employ legal advisors if we have a problem. McDonalds is covered by the same act, but they have an in-house legal team to deal with the same sort of issues. Small business owners are disadvantaged by regulations that have been developed for large businesses.
    • rowan miller
      tagged this with important 2016-11-25 15:18:42 +1300
    • Philip Wilkinson
      commented 2016-11-25 15:01:20 +1300
      100% agreement! why should I pay for an update to MYOB because the government has changed the tax tables…

      http://www.top.org.nz/phil/level_environmental_playing_fields
    • Philip Wilkinson
      tagged this with essential 2016-11-25 15:01:20 +1300
    • David Christensen
      published this page in Suggestions 2016-11-25 14:47:41 +1300