It’s absolutely what I was getting at. Love hearing insights like this. The regulatory burden for all businesses is increasingly prohibitive.

Go to Colombia, Paraguay or many other traditionally ‘backwards’ countries and all you need to do is pay the money upfront and if you’re motivated you could open a store next week. This I suspect was how it used to be in the West, very agile and entrepreneurial. That feels alien now. Opening a physical store/restaurant/hotel in Canada, Europe or U.S these days requires probably that you want to do it for the passion, not for a decent living or for the profit motive. Especially given the paperwork involved & setup costs involved.