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Various Legal Factors Threaten Entrepreneurial Spirit and Restrict U.S. Economic Growth
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(TEBO OPEN):
BURDENSOME REGULATIONS, OUTDATED LABOR LAWS, AND INTERNATIONAL TRADE
BARRIERS THREATEN ENTREPRENEURIAL SPIRIT, AND RESTRICT U-S ECONOMIC
GROWTH. THAT'S ACCORDING TO FEDEX CHAIRMAN, PRESIDENT,
AND C-E-O FRED SMITH--WHO SPOKE AT A GATHERING OF
SMALL-BUSINESS OWNERS IN WASHINGTON, D-C, ON THURSDAY [MAY 11TH]...
(SMITH):
"I THINK THE REAL GREATNESS OF AMERICA CAN BE SUMMED UP IN A
SINGLE QUESTION: WHY IS IT THAT SO MANY PEOPLE CHOOSE TO BE
ENTREPRENEURS? I THINK, BECAUSE IT OFFERS SOME UNIQUE
OPPORTUNITIES: THE CHANCE TO BE YOUR OWN BOSS; GREATER CONTROL OVER YOUR
TIME AND YOUR ACTIVITIES; THE SATISFACTION OF BUILDING AND DEALING WITH
A CUSTOMER BASE; AND REDUCING THE TIME THAT ONE HAS TO SPEND ON
BUREAUCRACY AND NON-PRODUCTIVE TASKS. AND, FINALLY, YOU HAVE THE
OPTION TO STAY SMALL--OR TO TRY TO GROW BIG. YOU HAVE 'CHOICES',
IN A WORD."
(TEBO CLOSE):
ACCORDING TO A FEDEX-COMMISSIONED STUDY OF 21-HUNDRED SMALL BUSINESSES,
ALMOST A QUARTER BELIEVE THAT DUTIES AND TAXES ARE A BARRIER TO THEIR
OPERATING GLOBALLY--AND ABOUT A FIFTH SAY THAT ACCESS TO LOGISTICAL
TOOLS AND RESOURCES IS ALSO A PROBLEM. I'M BOB TEBO.
