Episode 56 - The Curse of Unproductive Work

Small business professionals, along with the rest of the 7 Billion people on the planet, only have 24 hours in a day to fit everything in. What's the real opportunity cost when owners and employees invest a lot of time in non-productive work, simply to comply with rules and regulations? Productivity drops, costs increase, profit shrinks.

In the last several years, there has been an alarming statistic that documents the number of small business starts in the United States is lower than the number of failures. This means that failed businesses are outpacing startups, which by itself can be explained in a number of ways.

The overarching concern is the amount of time that compliance, regulatory requirements and taxes steal from business operations, especially for new companies. What is the potential upside if we could creatively free up some of the lost time? What could the impact be on small business productivity and entrepreneurial success? In Episode 56, we drill down and ask that question... and discover some insightful answers.