Thursday, June 17, 2010

Incubate to Cut through Regulations

If I lived in Paraguay, I might wake up in the morning wanting to start a taxi company and have no more to do than grab a can of spray paint to write "Taxi" on my car, then, go right out and start picking up passengers.

Not so, here. In our regulated society, we must obtain licenses and insurance and bank loans before we can open our doors. It should be no secret to us that millions of people are not going into business simply because we make it too hard for them to do so.

Let's change that.

Let's incubate the would-be businessmen. Let's make it so they can operate off our licenses and off our insurances and with equipment they rent from us until they are up and running and know the processes and how to get all the licensing. They can only stay in our incubation centers for a while, then must move on to make room for the next person.

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