Franchise News
USA TODAY: Trump’s Executive Order to Limit Regulations: What it Means for Your Business
Executives weigh in on how limited regulations could affect small businesses.
President Donald Trump signed a four-page executive order, “Reducing Regulation and Controlling Regulatory Costs,” just 10 days after taking office, surrounded by small business owners. Two of the key changes outlined in the order include that any new regulations enacted by an agency must result in two regulations being eliminated, and that there will be a cap on costs of new regulations.
“If small businesses are focused on paperwork and licenses, if half their money’s spent satisfying government regulations, they won’t be in business long,” said Levi King, CEO and Co-Founder of Nav. “I support smart regulation, but eliminating bureaucratic rulemaking that stifles innovation and discourages new jobs and growth would be a welcome development. On the other hand, as we saw with the airport chaos this weekend, major policy changes require a thoughtful, measured approach.”
According to a NSBA survey, almost 40 percent of business owners who responded said that new regulations significantly impacted their ability to grow and expand their business.
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About the Author
Nick Powills
FollowNick Powills, CFE, founded No Limit Agency in 2008 and serves as Chief Brand Strategist for the Chicago-based firm. No Limit is a full-service communications agency that establishes and elevates brands by bridging Public Relations, Social Media, Marketing, Advertising, Digital, and a lot of creativity, to best strategize well-rounded and successful campaigns for 50+ global franchise brands. By presenting visionary ideas and building real relationships, No Limit is able to create effective media branding strategies to help companies grow. Nick currently leads a staff of writers, media strategists, designers, social media experts and digital producers in an office think-tank where brands are humanized for strong, compelling media stories. Prior to starting No Limit at the age of 27, Nick spent four years working at a franchise PR agency where he mastered the art of building rapport with media outlets and creating newsworthy pitches for earned media placements. He holds a Bachelor of Journalism from Drake University in Iowa.
