Wow. Pretty cynical take on American politics. :) Not saying that you're entirely wrong, but every industry has regulatory burdens to deal with. Real estate has their own challenges, including predatory lending laws, etc.
I'm not saying to avoid it because of regulatory burden, but because of unknown regulatory burdens.
You can plan for known regulatory burdens. For instance, in the automotive industry, just add millions of dollars worth of safety testing to your R&D budget. If the business plan still works, run with it, and calculate odds. In the defense industry, make sure you hire lots of lobbyists.
It's the unknown unknowns, not the known unknowns that will kill you.
Comments
Wow. Pretty cynical take on American politics. :) Not saying that you're entirely wrong, but every industry has regulatory burdens to deal with. Real estate has their own challenges, including predatory lending laws, etc.
I'm not saying to avoid it because of regulatory burden, but because of unknown regulatory burdens.
You can plan for known regulatory burdens. For instance, in the automotive industry, just add millions of dollars worth of safety testing to your R&D budget. If the business plan still works, run with it, and calculate odds. In the defense industry, make sure you hire lots of lobbyists.
It's the unknown unknowns, not the known unknowns that will kill you.