Hard cards have been handed out to small businesses during pandemics marked by closures, labor shortages and other challenges. Axios as recently reported, as prices rise and labor and supply shortages soon subside, small businesses are navigating the water doubt.
Last MetLife and in the US House Small Business Index, 85% of small businesses said they were concerned about rising inflation. More than half (51%) believe that it will take at least six months for the small business environment to return to normal.
However, despite the challenges, the demand for new businesses has also increased. Over the past two years, entrepreneurship has gained momentum at an unprecedented level, bringing the highest growth in new business applications in history.
Therefore, the US House presented a set of five principles Small Business Rights Certificate calling on the elected to ensure that small businesses — new and old — can grow and thrive through challenges and uncertainty.
“It’s hard to put into words what it means to own a small business,” says Lori Tapani, owner and president of the Wyoming Machine in Stacy, Minnesota, “but the Small Business Rights Act does.” The Bill of Rights requires our elected officials to create an environment in which founders and small business owners have the freedom to:
Hire and manage staff
Establish business conditions
Protect yourself from trivial matters
Take advantage of their business and focus on their future
Be free from strict regulations
“Lack of clarity hurts my business”
The first principle requires that the government not burden other small businesses with the ability to implement its employment policies so as not to interfere with the ability to compete fairly for talent, using independent contractors and part-time employees.
Ronnie Slone, president of the Slone Group in New Orleans, Louisiana, says he needs to use independent contractors as a business consultant to continually change the mix of clients and work environments.
“Building a business offers the flexibility of the services and specialization I need to help my clients using other trusted consultants,” says Slon. “Unfortunately, the lack of clarity in state and federal law about what an employee is and what an independent contractor is is hurting my business.”
“Act as a deterrent to wage requirements”
For the Creature Comforts Veterinary Resort and Suites in Inman, South Carolina, the second principle of the Bill of Rights — that small businesses set the conditions for doing business — is crucial.
Small business owners should be free to manage the day-to-day operations of their business, including setting service terms and entering into contracts without unnecessary government intervention, according to the Rights Act.
Craig Lambert, president of Creature Comforts, is a clear example of government intervention that is not necessary in day-to-day operations as a minimum wage requirement.
“When the federal government sets a minimum wage rate, the requirement acts as a deterrent to the relationship between employers and employees. Promising a federal minimum wage limits my discussion with job seekers as a small business owner,” says Lambert.
Moreover, Lambert says, “higher wages, without recognizing the qualifications and talent required for specific jobs, result in an arbitrary rise in prices for consumers to cover the necessary wage demands.”
“We have so many stories”
According to the U.S. House of Representatives (ILR), America has the most expensive legal system in the world, and 79% of American voters consider the number of “frivolous” lawsuits to be a problem.
Frivolous, unnecessary, and costly litigation can be devastating for small business owners. The Rights Act makes it clear that a small business has the right to act without fear of for-profit litigation using the threat of extortion.
Heleena Sideris, co-owner of Park City Lodging, a property management and vacation rental company in Park City, Utah, has seen a fair share of unfair litigation.
“An owner left our management pool and his water heater broke down a month later and took us to court. In another case, we were sued by someone who wanted to buy a home in a complex we manage because their landlord would not accept a loan to buy a home … and the list goes on, ”says Sideris.
Recently, the ILR reported that as small businesses struggle to overcome the challenges posed by inflation and supply chains and labor shortages, they have an increasing opportunity. Addressing the United States Disability Act (ADA).
Law firms are targeting small businesses with ADA exploitation and ADA lawsuits. These lawsuits prioritize forcing small businesses to settle for millions of dollars — not to improve accessibility, as required by law.
According to Court NewsA San Francisco restaurant, Hon’s Wun-Tun House, was sued in March 2021 because the dining room tables were inaccessible to wheelchairs, even though they only offered takeaway food and were seated for service.
“The rules don’t make sense”
The fourth principle of the Rights Act states that small business owners should enjoy the return of the businesses they build and be free to determine the future of their business, including the ability to sell the business or leave it as an asset.
However, small businesses are often barred from doing what they want their business to do because of regulations.
“We would like to create a business owned by employees, but the regulations on the financial draw do not make sense. There are too many challenges to meet that, ”said Sideris of Park City Lodging.
Through the voices of the Small Business Rights Act and small business owners in America, the U.S. House of Representatives calls on elected officials to ensure that founders, entrepreneurs, and small business owners operate in an environment where they can make business decisions. .
Learn more and join in the conversation on social media to protect the basic rights of small business owners.
About the authors
Director, Communication and Strategy
Lindsay is the director of the communications and strategy team. He previously worked as a writer and editor for US News and World Report.