How Regulations can keep a Company Profitable

If you listen to the many lawmakers in Washington and in local areas, one would be forced to believe that regulations are the sole reason why the economy collapsed and why it is recovering so slowly.  One would be dead wrong.

Regulations can help businesses more than it can hurt it.  There are three major ways how regulations does just that but seldom are these heard because they just might not fit the image many would like for the public to see.  As many of us are very much aware, a falsehood/lie has to dressed up before being paraded around which often times draws our attention while the truth is always plain and clear to see but without the dressing is often ignored.

Regulations help businesses by requiring the best possible ingredients be used for any product made in America.  How that helps business is this forces business to use the best possible ingredients and thereby allowing them to claim that high quality mantle.  Americans do not mind paying a little more for a better quality product so if yours is of high quality then finding customers will never be a problem.

Regulations help businesses by requiring that a product being manufactured here in the States does no harm to those using it.  What this means to business is if a business adheres to these regulations, their customers will be very satisfied with their product, keep using it and recommend it to friends and family.  If a company chooses to circumvent these regulations for the sake of a larger profit, this will soon not be the case because customers will feel cheated and stop seeking that brand or item.  Business owners need to ask themselves, if a company avoiding the rules is really competition for that business that follows them.

Regulations help a business by demanding that they deliver on promises made to customers which goes along with the previous paragraph and raises any company’s customer service level because those who use their products feel appreciated.  Any business owner knows to capture and maintain a loyal following of customers; this relationship must be one of equality.  As long as your customers are happy they will continue to patronize your business.

Fearing regulations and doing all that you can to avoid them, clearly demonstrate to your customers and any potential customer that their welfare is not as important as your bottom line.  Customers are your bottom line and the more market share that you are able to acquire and keep, the larger your bottom line will be.