Home | Subway Founder: Subway Would Not Exist If Started Today Due to Government Regulations
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.
Vince adds diverse experience to the Foundation with a background in broadcasting, accounting, and telecommunications. He loves living in the freest state in America, New Hampshire. With a “Live Free or Die” attitude and a strong independent streak, Vince feels right at home among his fellow N.H. citizens. He was raised to respect others and to work hard to achieve his goals, and thus takes pride in saying he has “the best parents, ever.” When Vince isn’t working on the Foundation, he enjoys hiking, reading, and relaxing with a great New England micro brew.
The goal of the Foundation for New Hampshire Independence is to educate citizens on the benefits of the 'Live Free or Die' state peacefully declaring its independence and separating from the federal government of the United States.
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