Gov. Regulation, rules you have to follow just overwhelm the business

Over the last few years it's been the social network - that's coming to an end...
1246_ 7/25/12 - We're talking with what we would call a very successful serial entrepreneur, David Jiilk, Founder and CEO of Standing Cloud a Boulder based company. We have a series of questions we regularly put to entrepreneurs, like what is the greatest challenge faced today? Dave says, “For entrepreneurs generally, if you take it more broadly than the IT industry or the software industry, the usual problems are applied to most business, right? So, the economy is certainly not in a state where people are spending freely. When times are good, of course, people spend easily and they're willing to take chances. That's more important, they're willing to take chances and spend the money. That gives very new businesses and innovators the ability to get started with those early adopters. Today those early adopters might be more sensitive to spending. And, something I see all the time, the increase in regulations and taxes and other expenses definitely get in the way. Almost more, the regulation than direct costs. The various rules you have to follow just overwhelm the business that should be paying attention to building valuable products and services for their customers - and finding customers. So, that kind of gets to being a big distraction. You know the legal system is kind of a mess, the patent system. But, the answer I really want to give for the IT and Software industries, no surprise, is - hiring great talent is the biggest challenge.” Dave talks about the opportunities we have today, "Over the last few years it's been social network type things. That's probably coming to an end.." Listen now...
Related Links: Standing Cloud || Foundry Group || TechStars || FeldThoughts || Entrepreneur Channel || Keywords: Dave Jilk, Standing Cloud, Infrastructure-as-a-Service, IssA, Amazon, Customer Relation Management, Cloud, Early Adopters, Regulations, Taxes, Wireless Frequency Spectrum, Wave Technology > bytes=5845475
LISTEN TO: Dave Jilk, CEO/Founder, Standing Cloud

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