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Subway Founder: Subway Would Not Exist If Started Today Due to Government Regulations
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President and founder of Subway Fred Deluca described some of the challenges payroll tax increases and Obamacare have presented small business franchisee owners Wednesday on CNBC.
Deluca said the number one issue facing Subway franchisee owners is how Obamacare will impact their expenses, noting any increase in costs will be passed along to the consumer through higher prices.
Additionally, when asked about the modern business climate for young entrepreneurs, the Subway founder stated “Subway would not exist” if he started it today due to onerous government regulations:
SIMON HOBBS: It’s 13 years since you wrote the book “Start Small, Finish Big” which was about grass roots entrepreneurship. Do you think the environment for those chasing the American dream by setting up their own business has gotten worse or better in those 13 years?
FRED DELUCA: It’s continuously gotten worse, because there’s more and more regulations. It’s tougher for people to get into business. Especially a small business. I tell you, if I started Subway today, Subway would not exist, because I had an easy time of it in the ’60s when I started. I just see a continuous increase in regulation.
- See more at: http://freebeacon.com/subway-founder-subway-would-not-exist-if-started-today-due-to-government-regulations/#sthash.YU4v7PnD.dpuf
Callmelennie
February 28th, 2013
Everyone get ready to do a Subway buycott
eternal cracker p
February 28th, 2013
It’s the big business that is in there lobbying for more regulations. It might cost them a portion of their business, but it ensures limited competition that ultimately drives profits. The addition of any regulation always starts somewhere, and it’s unlikely the government is pounding the pavement looking to be proactive on regulation creation since everything they do is in a reactive environment.
Unneutral
February 28th, 2013
The American dream has turned into a nightmare.
thirdtwin
February 28th, 2013
So how’s that lawsuit going where some idiot got all butt-hurt because their Footlong sub was only 11.98 inches long?
Billy Fuster
February 28th, 2013
I don’t ride the subway so it doesn’t affect me.
Mary Jane Anklestraps
February 28th, 2013
Thirdtwin,
Yup, some woman brought the lawsuit story up to the news complaining she only got a 10 incher.
I should be so lucky.
-what?
AvgDude
February 28th, 2013
The non-progtarded will infer from this statement that what would have been the great businesses of the next decade dying on the vine right now thanks to the progtarded scumbags who ruined this country with Obamacare.
cstoberman@aol.com
February 28th, 2013
regulations…wash hands, wear gloves, keep meats and cheeses at cold temperatures….obama care…. guy fixing sandwich stays home when sick instead of sneezing on the sandwiches? wont ever eat there or order papajohns pizza….