Usually when it comes to some kind of business venture there can often be a lot of different types of funding that you can take advantage of depending on your industry and category. For example, if you operate a school there could be funds that reward you for enrolling students to study a specific field. Well, it was kind of interesting to hear how some people try and create their own category of operations in an effort to avoid tax and regulations of specific industries.
For example, there was a business that apparently ran a supermarket where in order to get one going they would have to operate under specific guidelines such as being a part of a universal union. They wanted to avoid this for cost reasons. So what they did was they started their own union. The way they did this was that they argued they weren’t a supermarket by definition since people were defining it as a place that just sells groceries for example. They sold everything from electronics to computers as well and so they were in a category of their own. With that they were able to avoid the more expensive union route and with that they were able to make their prices cheaper which of course ate up the competition in many ways.
People often say to succeed you need to stand out in a unique way. I guess in this situation businesses are getting creative to find every way possible to avoid paying industry standard fees. Kind of reminds me of a story where Pringles was deemed as not a potato chip and therefore they didn’t have to abide by the same regulations as other potato chip companies.
