--- title: "Meaning & Key Takeaway of: I think the knowledge about how…" description: "\"I think the knowledge about how legislation really affects small businesses is extremely valuable. If you haven't run a small business, then you don't ..." image: "https://sms4smile.com/quotes/i/20a/kristi-noem-28270_bases_i-think-the-knowledge-about-how-legislat_2625375.jpg" --- # I think the knowledge about how legislation really affects… ![“I think the knowledge about how legislation really affects small businesses is extremely valuable. If you haven't run a small business, then you don't have this kind of knowledge about how a regulation passed or taxes increased affects your bottom line. If you recognize that every new regulation…” quote by Kristi Noem](https://sms4smile.com/quotes/i/20a/kristi-noem-28270_bases_i-think-the-knowledge-about-how-legislat_2625375.jpg) [Download](https://sms4smile.com/quotes/i/20a/kristi-noem-28270_bases_i-think-the-knowledge-about-how-legislat_2625375.jpg) [Open image](https://sms4smile.com/quotes/i/20a/kristi-noem-28270_bases_i-think-the-knowledge-about-how-legislat_2625375.jpg) > “I think the knowledge about how legislation really affects small businesses is extremely valuable. If you haven't run a small business, then you don't have this kind of knowledge about how a regulation passed or taxes increased affects your bottom line. If you recognize that every new regulation takes that much more time to comply with, requires that many more employees, then it really gives you that foundational basis to make those decisions.” [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Understanding regulatory impacts equips small businesses to navigate compliance costs and make informed decisions. **In simple terms:** Know regulations to protect business. Key Takeaway Leverage regulatory knowledge for strategic choices. Themes business policy strategy Mood analytical practical Type informative strategic When to use this quote - budget planning - expansion decisions - compliance training Key Concepts regulatory analysis risk management Questions to Reflect On - How do you stay updated on regulations? - What strategies mitigate compliance burdens? A Different Perspective Regulations are complex and may change unpredictably. ★ ★ ★ ★ ★ No ratings yet [Bases](https://sms4smile.com/quotes/about/bases/) [Bottom](https://sms4smile.com/quotes/about/bottom/) [Bottom line](https://sms4smile.com/quotes/about/bottom-line/) [Business](https://sms4smile.com/quotes/about/business/) [Decision](https://sms4smile.com/quotes/about/decision/) [Employee](https://sms4smile.com/quotes/about/employee/) [Giving](https://sms4smile.com/quotes/about/giving/) [Havens](https://sms4smile.com/quotes/about/havens/) [Ifs](https://sms4smile.com/quotes/about/ifs/) [Kind](https://sms4smile.com/quotes/about/kind/) [Knowledge Legislation](https://sms4smile.com/quotes/about/knowledge-legislation-2145678/) [Legislation](https://sms4smile.com/quotes/about/legislation/) [Legislation Really](https://sms4smile.com/quotes/about/legislation-really-2145679/) [Lines](https://sms4smile.com/quotes/about/lines/) [More time](https://sms4smile.com/quotes/about/more-time/) [Regulation](https://sms4smile.com/quotes/about/regulation/) [Regulation Takes](https://sms4smile.com/quotes/about/regulation-takes-2145680/) [Running](https://sms4smile.com/quotes/about/running/) [Small business](https://sms4smile.com/quotes/about/small-business/) [Small businesses](https://sms4smile.com/quotes/about/small-businesses/) [Taxes](https://sms4smile.com/quotes/about/taxes/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Valuable](https://sms4smile.com/quotes/about/valuable/) ## Related quotes > [When it comes to bullying small businesses, Donald Trump is the poster boy.](https://sms4smile.com/quotes/hillary-clinton/when-it-comes-to-bullying-small-businesses-donald-trump-is-the-poster/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [In America, small business is a big deal.](https://sms4smile.com/quotes/bob-beauprez/in-america-small-business-is-a-big-deal/) [Bob Beauprez](https://sms4smile.com/quotes/author/bob-beauprez/) > [The government's Small Business Administration reports that small businesses represent 99% of all employers in the U.S. and are responsible for generating well over…](https://sms4smile.com/quotes/ellen-tauscher/the-government-s-small-business-administration-reports-that-small/) [Ellen Tauscher](https://sms4smile.com/quotes/author/ellen-tauscher/) > [ I had to sign the paper to shut down the government. It's terrible… \[But\] what the shutdown showed many, many people is the importance… ](https://sms4smile.com/quotes/sylvia-mathews-burwell/i-had-to-sign-the-paper-to-shut-down-the-government-it-s-terrible-but/) [Sylvia Mathews Burwell](https://sms4smile.com/quotes/author/sylvia-mathews-burwell/) > [Small business in America is what fuels the American economy. We need more small business to assist us in creating a great nation and…](https://sms4smile.com/quotes/debbi-fields/small-business-in-america-is-what-fuels-the-american-economy-we-need/) [Debbi Fields](https://sms4smile.com/quotes/author/debbi-fields/) > [Let's stand up for taxpayers, let's stand up for consumers, and let's stand up for small businesses, which create most of the jobs in…](https://sms4smile.com/quotes/hillary-clinton/let-s-stand-up-for-taxpayers-let-s-stand-up-for-consumers-and-let-s/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [Small businesses are the lifeblood of our economy.](https://sms4smile.com/quotes/tom-vilsack/small-businesses-are-the-lifeblood-of-our-economy/) [Tom Vilsack](https://sms4smile.com/quotes/author/tom-vilsack/) > [And what most people don't understand is the bulk of business in this country is small business.](https://sms4smile.com/quotes/alphonso-jackson/and-what-most-people-don-t-understand-is-the-bulk-of-business-in-this/) [Alphonso Jackson](https://sms4smile.com/quotes/author/alphonso-jackson/) > [I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners…](https://sms4smile.com/quotes/paul-ryan/i-call-crony-capitalism-where-you-take-money-from-successful-small/) [Paul Ryan](https://sms4smile.com/quotes/author/paul-ryan/) > [ If you bring \[tax\] rates down, it makes it easier for small business to keep more of their capital and hire people. And for… ](https://sms4smile.com/quotes/mitt-romney/if-you-bring-tax-rates-down-it-makes-it-easier-for-small-business-to/) [Mitt Romney](https://sms4smile.com/quotes/author/mitt-romney/) > [As a member of the House Committee on Small Business and because of my own experience as a small business owner, I am appreciative…](https://sms4smile.com/quotes/melissa-bean/as-a-member-of-the-house-committee-on-small-business-and-because-of/) [Melissa Bean](https://sms4smile.com/quotes/author/melissa-bean/) > [Small business in America is booming. The job creator in America, small business, is absolutely moving ahead.](https://sms4smile.com/quotes/pete-domenici/small-business-in-america-is-booming-the-job-creator-in-america-small/) [Pete Domenici](https://sms4smile.com/quotes/author/pete-domenici/) > [In the U.S. Senate, in the short term we need to reduce the tax burden on hard working individuals, families, and small businesses.](https://sms4smile.com/quotes/joni-ernst/in-the-u-s-senate-in-the-short-term-we-need-to-reduce-the-tax-burden/) [Joni Ernst](https://sms4smile.com/quotes/author/joni-ernst/) > [“A small businesses ability to gain an edge for a profitable niche is not by just focusing on the dynamic market gap, but by…](https://sms4smile.com/quotes/wayne-chirisa/a-small-businesses-ability-to-gain-an-edge-for-a-profitable-niche-is/) [Wayne Chirisa](https://sms4smile.com/quotes/author/wayne-chirisa/) > [When you create more small businesses, you create small entrepreneurship. Out of that comes self-determination and employment.](https://sms4smile.com/quotes/jesse-jackson/when-you-create-more-small-businesses-you-create-small/) [Jesse Jackson](https://sms4smile.com/quotes/author/jesse-jackson/) ## More by Kristi Noem > [I think we need to have competitive tax rates in order to create jobs in this country. And I think it should be fair.](https://sms4smile.com/quotes/kristi-noem/i-think-we-need-to-have-competitive-tax-rates-in-order-to-create-jobs/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [We need to simplify our tax code. We need to make sure that it's not too cumbersome for people to be able to comply…](https://sms4smile.com/quotes/kristi-noem/we-need-to-simplify-our-tax-code-we-need-to-make-sure-that-it-s-not/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [And people talk about the stimulus package and the jobs that it was supposed to create, it certainly didn't have the intended effects that…](https://sms4smile.com/quotes/kristi-noem/and-people-talk-about-the-stimulus-package-and-the-jobs-that-it-was/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [We didn't come here to become Washington, we came here to change Washington.](https://sms4smile.com/quotes/kristi-noem/we-didn-t-come-here-to-become-washington-we-came-here-to-change/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [We have to get government out of the job of picking winners and losers. That's what they've been doing the last year and a…](https://sms4smile.com/quotes/kristi-noem/we-have-to-get-government-out-of-the-job-of-picking-winners-and/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [When you look at February's (2011) deficit spending alone, and the fact that it was larger than what our total deficit spending was in…](https://sms4smile.com/quotes/kristi-noem/when-you-look-at-february-s-2011-deficit-spending-alone-and-the-fact/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [So when I look at spending more dollars, I look at the fact, do I really want my kids and your kids and everybody…](https://sms4smile.com/quotes/kristi-noem/so-when-i-look-at-spending-more-dollars-i-look-at-the-fact-do-i/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [Now make no mistake, I think we need a strong dose of fiscal conservatism in Washington, D.C.](https://sms4smile.com/quotes/kristi-noem/now-make-no-mistake-i-think-we-need-a-strong-dose-of-fiscal/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [I'd rather have a real South Dakotan who has lived in this state and made her living here instead of someone with a fancy…](https://sms4smile.com/quotes/kristi-noem/i-d-rather-have-a-real-south-dakotan-who-has-lived-in-this-state-and/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [I think everyday people on the street who have never been affiliated with the tea party movement are alarmed with the spending and the…](https://sms4smile.com/quotes/kristi-noem/i-think-everyday-people-on-the-street-who-have-never-been-affiliated/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [We've got very large freshman class, it's historic in its size, so there's people that are extremely diverse in their backgrounds and their viewpoints.…](https://sms4smile.com/quotes/kristi-noem/we-ve-got-very-large-freshman-class-it-s-historic-in-its-size-so/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [I am honored that my freshman class colleagues have put their trust in me to represent our historic class at the leadership table. The…](https://sms4smile.com/quotes/kristi-noem/i-am-honored-that-my-freshman-class-colleagues-have-put-their-trust/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [Every one says: 'Listen, I'd love to reinvest. I'd love to hire people. But I have no idea what this healthcare bill is going…](https://sms4smile.com/quotes/kristi-noem/every-one-says-listen-i-d-love-to-reinvest-i-d-love-to-hire-people/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [I think labels have been used alot during this election process to divide people, and at this point in time we really need people…](https://sms4smile.com/quotes/kristi-noem/i-think-labels-have-been-used-alot-during-this-election-process-to/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) > [So, a lot of my supporters back home are members of the Tea Party.](https://sms4smile.com/quotes/kristi-noem/so-a-lot-of-my-supporters-back-home-are-members-of-the-tea-party/) [Kristi Noem](https://sms4smile.com/quotes/author/kristi-noem/) [Explore all 19 Kristi Noem quotes ](https://sms4smile.com/quotes/author/kristi-noem/) ## More Bases quotes > [Self-respect and a clear conscience are powerful components of integrity and are the basis for enriching your relationships with others.](https://sms4smile.com/quotes/denis-waitley/self-respect-and-a-clear-conscience-are-powerful-components-of/) [Denis Waitley](https://sms4smile.com/quotes/author/denis-waitley/) > [If my campaign is not in the debate, we will not be talking about how we really fix this problem of endless and expanding…](https://sms4smile.com/quotes/jill-stein/if-my-campaign-is-not-in-the-debate-we-will-not-be-talking-about-how/) [Jill Stein](https://sms4smile.com/quotes/author/jill-stein/) > [I don't want to go into space because of war. I think we would if it was triggered. If China said they want to…](https://sms4smile.com/quotes/neil-degrasse-tyson/i-don-t-want-to-go-into-space-because-of-war-i-think-we-would-if-it/) [Neil deGrasse Tyson](https://sms4smile.com/quotes/author/neil-degrasse-tyson/) > [The United States cannot and should not discriminate on the basis of religion. The free exercise of religion is at the very heart of…](https://sms4smile.com/quotes/mike-pence/the-united-states-cannot-and-should-not-discriminate-on-the-basis-of/) [Mike Pence](https://sms4smile.com/quotes/author/mike-pence/) > [According to the best research, less than 3% of Americans have written goals, and less than 1% review and rewrite their goals on a daily basis.](https://sms4smile.com/quotes/brian-tracy/according-to-the-best-research-less-than-3-of-americans-have-written/) [Brian Tracy](https://sms4smile.com/quotes/author/brian-tracy/) > [When the Lord Jesus Christ became my surety . . . He went to Calvary's cross, and all my guilt was charged against Him.…](https://sms4smile.com/quotes/henry-allen-ironside/when-the-lord-jesus-christ-became-my-surety-he-went-to-calvary-s/) [Henry Allen Ironside](https://sms4smile.com/quotes/author/henry-allen-ironside/) > [I'm in a business where there's complete anarchy. You can't control it - you can only react to it. The control that people traditionally…](https://sms4smile.com/quotes/martin-sorrell/i-m-in-a-business-where-there-s-complete-anarchy-you-can-t-control-it/) [Martin Sorrell](https://sms4smile.com/quotes/author/martin-sorrell/) > [This tendency to avoid problems and the emotional suffering inherent in them is the primary basis of all human mental illness](https://sms4smile.com/quotes/charles-r-swindoll/this-tendency-to-avoid-problems-and-the-emotional-suffering-inherent/) [Charles R. Swindoll](https://sms4smile.com/quotes/author/charles-r-swindoll/) > [There are dangers in consensus: it could be an attempt to satisfy people holding no particular views about anything. ... No great party can…](https://sms4smile.com/quotes/margaret-thatcher/there-are-dangers-in-consensus-it-could-be-an-attempt-to-satisfy/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) > [There's no way to have a peace agreement unless the mediator or negotiator looks at both sides from an equal basis.](https://sms4smile.com/quotes/jimmy-carter/there-s-no-way-to-have-a-peace-agreement-unless-the-mediator-or/) [Jimmy Carter](https://sms4smile.com/quotes/author/jimmy-carter/) > [Coercion is the basis of every law in the universe,--human or divine. A law is not law without coercion behind it.](https://sms4smile.com/quotes/james-a-garfield/coercion-is-the-basis-of-every-law-in-the-universe-human-or-divine-a/) [James A. Garfield](https://sms4smile.com/quotes/author/james-a-garfield/) > [Each Act of Parliament intended to address harassment and discrimination has faced objections on the basis of 'you'll never be able to prove...' and…](https://sms4smile.com/quotes/tim-field/each-act-of-parliament-intended-to-address-harassment-and/) [Tim Field](https://sms4smile.com/quotes/author/tim-field/) > [If you want good behavior, don't pay on a commission basis. Our judges aren't paid so much a case. We keep them pretty well…](https://sms4smile.com/quotes/charlie-munger/if-you-want-good-behavior-don-t-pay-on-a-commission-basis-our-judges/) [Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/) > [My favorite thing about being a mom is just what a better person it makes you on a daily basis,](https://sms4smile.com/quotes/drew-barrymore/my-favorite-thing-about-being-a-mom-is-just-what-a-better-person-it/) [Drew Barrymore](https://sms4smile.com/quotes/author/drew-barrymore/) > [We have committed ourselves to pursue joint policies, but then national governments say, "We aren't bound by that." That is a dramatic situation, because…](https://sms4smile.com/quotes/martin-schulz/we-have-committed-ourselves-to-pursue-joint-policies-but-then/) [Martin Schulz](https://sms4smile.com/quotes/author/martin-schulz/) [Browse all 2,701 Bases quotes ](https://sms4smile.com/quotes/about/bases/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "I think the knowledge about how legislation really affects small businesses is extremely valuable. If you haven't run a small business, then you don't have this kind of knowledge about how a regulation passed or taxes increased affects your bottom line. 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