'So the main problem I have with regulation is that the problem it attempts to solve (i.e. corruption in big business) is practically non-existent in small business, and yet regulation affects small / medium business the most. It just doesn't make any sense.'
Could not agree more.
I am a big fan of small and medium size businesses, they create more than big business.
I remember reading that a big plus of small and medium business is the salary's of the directors/owners is considerably less in proportion to that of greedy big business execs because they have a real interest in re-investing, growing the business and actually have contact with their staff and hense they treat them better. Where as there is a huge management myth in big business where people hero worship the likes of Bob Diamond and massively overpay him and other execs and they ignore the lower echelons.
Could not agree more.
I am a big fan of small and medium size businesses, they create more than big business.
I remember reading that a big plus of small and medium business is the salary's of the directors/owners is considerably less in proportion to that of greedy big business execs because they have a real interest in re-investing, growing the business and actually have contact with their staff and hense they treat them better. Where as there is a huge management myth in big business where people hero worship the likes of Bob Diamond and massively overpay him and other execs and they ignore the lower echelons.
