{"id":8570,"date":"2016-08-23T11:04:33","date_gmt":"2016-08-23T18:04:33","guid":{"rendered":"https:\/\/therealdaily.com\/?p=8570"},"modified":"2016-08-23T11:04:33","modified_gmt":"2016-08-23T18:04:33","slug":"hit-2016s-wave-new-regulations-complying-failing","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/real-estate-brokers\/hit-2016s-wave-new-regulations-complying-failing\/","title":{"rendered":"Being hit with 2016’s wave of new regulations – are you complying, or failing?"},"content":{"rendered":"

This year, between changes in the Affordable Care Act, in overtime rules, and in local minimum wage laws, small businesses (ahem, real estate brokerages<\/em>) are being hit by a \u201ctriple whammy\u201d of new regulations that some find confusing and challenging. <\/p>\n

Manta, the online directory that publishes a Semi-Annual Wellness Index to gauge how America\u2019s small businesses are faring, made a point this year to survey small businesses about how they are handling this new sweep of regulations.<\/p>\n

Read also: A force for good: HUD streamlines rent regulations<\/a><\/strong><\/div>\n

\"bar\"<\/p>\n

Figuring it out<\/h2>\n

\u201c2016 has already brought major changes at the federal and state levels, and more changes are on the horizon,\u201d says Manta CEO John Swanciger.<\/p>\n

\u201cEntrepreneurs are trying to figure out how to remain profitable amidst the growing costs of compliance.\u201d<\/p><\/blockquote>\n

Some businesses find new regulations incredibly challenging, while others seem to be getting along swimmingly despite the new rules. On the state level, when asked how hard it was to comply with new regulations, 46.6 percent of businesses reported that it was \u201cneutral,\u201d while another 17.5 percent said it was \u201ceasy\u201d or \u201cvery easy\u201d to comply.<\/p>\n

Struggle without support<\/h2>\n

On the other hand, 35.9 percent reported that they found it \u201cdifficult\u201d or \u201cvery difficult\u201d to understand and adhere to regulations, with 41% of small business owners across all industries saying that regulations had a negative impact on their business.<\/p>\n

Perhaps this is because small business owners don\u2019t get enough warning or support to implement changes. More than half of small business owners said they\u2019d like more warning before regulations take effect, and the majority of those surveyed also said that their local government provides only \u201cfair\u201d or even \u201cpoor\u201d support.<\/p>\n

Where to find help<\/h2>\n

It\u2019s up to small business owners to make sure that they understand all the new regulations, and that new and existing employees understand how to comply. Manta advises reaching out to your local Small Business Administration office to get the word from the horse\u2019s mouth. Chambers of Commerce and online or local industry organizations can also be helpful. Amongst those surveyed, 27 percent also said that they ask for help from professional advisors to understand new regulations.<\/p>\n

Regulations can be a real headache, so stay flexible, and stay on top of it.<\/p><\/blockquote>\n

\u201cThose who can be resourceful and stay nimble in the process will better position themselves for success,\u201d says Swanciger.<\/p>\n

#Compliance<\/h3>\n","protected":false},"excerpt":{"rendered":"

(BROKERAGE NEWS) The Affordable Care Act, overtime rules, local minimum wage laws – small businesses are being hit with new regulations. <\/p>\n","protected":false},"author":337314,"featured_media":7559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[94],"tags":[1157,1156,1154,1155],"class_list":["post-8570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-brokers","tag-employer","tag-laws","tag-regulations","tag-small-business"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2016\/04\/stress-sad-mental-health.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/8570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/337314"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=8570"}],"version-history":[{"count":6,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/8570\/revisions"}],"predecessor-version":[{"id":8584,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/8570\/revisions\/8584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/7559"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=8570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=8570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=8570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}