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
FeaturedNewsComments Off on Subway Founder: Subway Would Not Exist If Started Today Due to Government Regulations
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.
From its inception in 2012 until 2021, Vince was on the Board of Directors for the Foundation for New Hampshire Independence. For more on Vince, check out his personal blog, which is primarily about his travels:
The Foundation for New Hampshire Independence educates fellow citizens on the benefits of self-determination and nationhood for the 'Live Free or Die' state.
Follow and share us to expand our reach!
Subscribe to our newsletter for the latest events and opportunities to promote New Hampshire independence. We treat your information confidentially and we'll only send one or two emails per month.
Donations from supporters like you are what keep us going. As a 501(c)(3) educational organization, donations to the Foundation for New Hampshire Independence are tax-deductible. Please consider contributing so that we may expand our educational efforts.