I have been doing a series of interviews on my blog which I call the "I'll Never Quit" Club. The interviews are of small business owners that have succeeded in business by vowing to never quit. I have been personally blown away by all the great stories I am getting from people all over the country.
msctaiyang
santa barbara
3/28/10
1:03 PM
Regarding setting up business in China, yes, they make it convenient for you to set up shop there, but as some business owners I know who have gone through the process have told me, after your business is set up and running, they quietly set up a copy cat business (after learning from you how you do it) and slowly put you out of business by undercutting your prices. So, you may want to look beyond the immediate cost reduction to the long term consequences when doing business with China - and protect yourself accordingly!
d'Eric Howse
Los Angeles
3/06/10
6:03 PM
We need tax free saving accounts like the ownership society bush was tring to sell. They have already in Canada, UK, Australia, and Argentina. Argentina started the trend after their economy crash just like ours. We should monitor their progress since they had a head start. This will empower us with the capital to start and grow a business with no credit.
Asdrubal Sossa-Robles
Newport Beach, California
2/16/10
11:02 AM
Do you know that US eliminate the use of paint containing lead since 1978? Well, but China is using paint containing lead right now and exporting goods(Toys, Furniture, Tools, Appliances, etc) to US, Why? Because China don't have rules.
Do you know that in the California State, for example, an Entrepreneur to starting a business want to get 19 Federal,State and City Permits, meanwhile in China not need nothing? US want to go to World Trade Organization with an intelligent proposal to fit equal rules to Trade with China.
We want to avoid the flood of goods of China. Some years ago I worked in an The Home Depot Store and I verified that 90 of each 100 items in stock for sale has been imported from China....How the small,medium of big American Companies can survive in this scenario?
Thompson
New York
2/02/10
11:02 PM
The best thing for entrepreneurs will be the collapse of the Big Monopolistic Coercion Machine: the state. The best thing we can do to hasten its overdue demise is to simply ignore it. Business owners, start producing and trading off the books and off the Record. Individuals and employees, offer to work and make more purchases OTR! The less the state consumes in its insane bureaucracy, the more we're left with - and the more in turn we can produce next month. The cure for this recession is not before our eyes but behind them.
Cynthia Adams
Fairbanks, Alaska
2/01/10
5:02 PM
I have been running a small business for over 20 years, and my biggest challenges have been providing decent pay and providing health care coverage for my employees. Last year (2009) our health insurance costs went up 50% (yes, FIFTY percent) per person because one of our employees has had heart problems. As a very small business (less then 10 employees), my choice was to pay this outrageous price (which I couldn't afford), drop health care coverage (which would mean the person having heart problems would basically be sent to the poor house), or compromise and pay half the costs and have my employees pay the other half. We went with option three. But, really? how horrible is it to put a small business in this position? We desperately need health care reform.
Piero Formica
Bologna and Dublin
1/26/10
4:01 AM
We argue in favour of an experimental laboratory approach as a way of accelerating the creation, incubation and testing of new venture ideas by establishing a micro-ecosystem of aspiring entrepreneurs and others in a business labs environment. The goal is to create a mini idea supercollider where a microscopic “Medici Effect” can be achieved where aspiring entrepreneurs with different ideas, experience and disciplines meet in a spirit of open innovation with the sum of the whole much greater than the sum of each of the individual parts. The creation of an ecosystem for idea creation and rapid testing using business simulation tools can accelerate the creation, mobilization and diffusion stages of the knowledge life cycle in a knowledge driven entrepreneurship venture while de-risking potential ventures before significant capital is applied.
Martin Curley and Piero Formica
Chris Reddin
Grand Junction, CO
1/25/10
8:01 PM
As a person who works with start-ups everyday though a thriving business incubation program, I am really pleased to see this focus on the most important part of economic recovery – entrepreneurship. Great data in this survey, but two more years of recession..ouch.
Dale B. Halling
Colorado Springs, Colorado
1/25/10
6:01 PM
Since 2000 we have passed a number of laws and regulations that are killing innovation in the US. The incredible innovation of the 90s was based on technology start-up companies built on intellectual capital, financial capital, and human capital. All three of the pillars have been under attack since 2000. Our patent laws have been weakened reducing the value of intellectual capital. Sarbanes Oxley has made it impossible to go public reducing financial capital for start-ups and the FASB rules on stock options have made it harder to attract human capital to start-ups.
Jonathan Nelson
Phoenix, AZ
1/24/10
11:01 AM
As the job creators, entrepreneurs really are the answer to digging us out of this difficult economic mess. Innovation is critical, but so are tax cuts for small businesses. If entrepreneurs aren't able to create more jobs, we're going to have to cut them, which will put our country in an even more compromising state. Locke's support is great but the government needs to get serious about making changes that will tangibly help America's small businesses.
Geetha Jayaraman
Hillsborough, NJ
1/21/10
10:01 PM
Being a small snack food manufacturing company based in this country, I find that there is no support for manufacturing here. Recommendations are for us to outsource it to other countries. Are there any programs to support manufacturing businesses and are there any financing options other than the regular SBA, and conventional loans?
I have been doing a series of interviews on my blog which I call the "I'll Never Quit" Club. The interviews are of small business owners that have succeeded in business by vowing to never quit. I have been personally blown away by all the great stories I am getting from people all over the country.
Regarding setting up business in China, yes, they make it convenient for you to set up shop there, but as some business owners I know who have gone through the process have told me, after your business is set up and running, they quietly set up a copy cat business (after learning from you how you do it) and slowly put you out of business by undercutting your prices. So, you may want to look beyond the immediate cost reduction to the long term consequences when doing business with China - and protect yourself accordingly!
We need tax free saving accounts like the ownership society bush was tring to sell. They have already in Canada, UK, Australia, and Argentina. Argentina started the trend after their economy crash just like ours. We should monitor their progress since they had a head start. This will empower us with the capital to start and grow a business with no credit.
Do you know that US eliminate the use of paint containing lead since 1978? Well, but China is using paint containing lead right now and exporting goods(Toys, Furniture, Tools, Appliances, etc) to US, Why? Because China don't have rules.
Do you know that in the California State, for example, an Entrepreneur to starting a business want to get 19 Federal,State and City Permits, meanwhile in China not need nothing? US want to go to World Trade Organization with an intelligent proposal to fit equal rules to Trade with China.
We want to avoid the flood of goods of China. Some years ago I worked in an The Home Depot Store and I verified that 90 of each 100 items in stock for sale has been imported from China....How the small,medium of big American Companies can survive in this scenario?
The best thing for entrepreneurs will be the collapse of the Big Monopolistic Coercion Machine: the state. The best thing we can do to hasten its overdue demise is to simply ignore it. Business owners, start producing and trading off the books and off the Record. Individuals and employees, offer to work and make more purchases OTR! The less the state consumes in its insane bureaucracy, the more we're left with - and the more in turn we can produce next month. The cure for this recession is not before our eyes but behind them.
I have been running a small business for over 20 years, and my biggest challenges have been providing decent pay and providing health care coverage for my employees. Last year (2009) our health insurance costs went up 50% (yes, FIFTY percent) per person because one of our employees has had heart problems. As a very small business (less then 10 employees), my choice was to pay this outrageous price (which I couldn't afford), drop health care coverage (which would mean the person having heart problems would basically be sent to the poor house), or compromise and pay half the costs and have my employees pay the other half. We went with option three. But, really? how horrible is it to put a small business in this position? We desperately need health care reform.
We argue in favour of an experimental laboratory approach as a way of accelerating the creation, incubation and testing of new venture ideas by establishing a micro-ecosystem of aspiring entrepreneurs and others in a business labs environment. The goal is to create a mini idea supercollider where a microscopic “Medici Effect” can be achieved where aspiring entrepreneurs with different ideas, experience and disciplines meet in a spirit of open innovation with the sum of the whole much greater than the sum of each of the individual parts. The creation of an ecosystem for idea creation and rapid testing using business simulation tools can accelerate the creation, mobilization and diffusion stages of the knowledge life cycle in a knowledge driven entrepreneurship venture while de-risking potential ventures before significant capital is applied.
Martin Curley and Piero Formica
As a person who works with start-ups everyday though a thriving business incubation program, I am really pleased to see this focus on the most important part of economic recovery – entrepreneurship. Great data in this survey, but two more years of recession..ouch.
Since 2000 we have passed a number of laws and regulations that are killing innovation in the US. The incredible innovation of the 90s was based on technology start-up companies built on intellectual capital, financial capital, and human capital. All three of the pillars have been under attack since 2000. Our patent laws have been weakened reducing the value of intellectual capital. Sarbanes Oxley has made it impossible to go public reducing financial capital for start-ups and the FASB rules on stock options have made it harder to attract human capital to start-ups.
As the job creators, entrepreneurs really are the answer to digging us out of this difficult economic mess. Innovation is critical, but so are tax cuts for small businesses. If entrepreneurs aren't able to create more jobs, we're going to have to cut them, which will put our country in an even more compromising state. Locke's support is great but the government needs to get serious about making changes that will tangibly help America's small businesses.
Being a small snack food manufacturing company based in this country, I find that there is no support for manufacturing here. Recommendations are for us to outsource it to other countries. Are there any programs to support manufacturing businesses and are there any financing options other than the regular SBA, and conventional loans?
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