I'm looking to start a business in a sector and have recently been trying out the competitors' products. Upon further diligence, it seems that NONE of the competitors have been following industry licensing or safety regulations. Here I am faced with 2 options:
Report their asses at the peak of business to disrupt as much as possible when I hit the scene. Face cost of regulation and willingly face higher expenses.
Don't report, do what they do, ignore regulations. High margins but someone else might might pull option #1 on the industry.
Anyone been in a similar situation? How did you resolve it?
Start two companies. One provides this good or service, the other provides legal and compliance advisory services. Snitch on everyone if/when it fails.
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