Entrepreneurship plays a critical role in our economic recovery. The recession that began just over two years ago continues to be all too real for 15 million unemployed Americans, a number that worsened a few months ago despite this incipient recovery. What do you think entrepreneurs need to build a stronger America? Add your comments and ideas below.














The two greatest gifts my father gave me were a Jesuit Education where I was taught how to think and a kick in the ass out the door at 19 years of age with $100 paper route money in my pocket and NO real prospects. I made it up as I went along. What fun!
I've dipped my toe in every industry category I can think of - Financial services, Information Services, Retail, Distribution, Accounting, Customer services, Medicine, Law and Manufacturing. I've been financially successful every time. Wow, what a ride!!! What great fun I've had. I'd rather do what I did than be king of the world. In a sense I was. To the young entrepreneurs who will pick up the gauntlet and carry on - create the future that everyone else will be dumbfounded by when it arrives.
Schumpeter describes the entrepreneur's as a Creative Destruccions, because our ideas destroys the obsolete companys and ideas of the world. We are the motor of society and the engine who moves any economy around the world.
I personally feel that entrepreneurship isn't expressed enough to young people, particularly around the age of middle school. I know that we were pretty much taught to do good in school, go to college and get a good job when we were growing up. I knew that people owned businesses, but it never really occurred to me that I could until just a few years ago (and I'm nearly 27). Fostering the entrepreneurial spirit from a younger age will help young people growing up to expand their horizons and contributions to the community and the economy.
I'm hoping that schools will start to teach a little more of this, and I'm personally working on plans to develop a non-profit to aid with this.
I also agree with Catherine from Springfield, OR. We do so much for other countries that we don't seem to do enough of right here at home. I know there are plenty of start-ups that could use a hand in the funding area, but with the way the banks are these days it's nearly impossible to get a loan. Why can't we have as much faith in our home-grown entrepreneurs as we do in entrepreneurs from other countries? Kiva is a wonderful program, but our entrepreneurs here at home deserve the same opportunities. It isn't easy to start a business here just because we're in the US. It can be quite difficult in fact, and our entrepreneurs deserve a little help as well.
Build slowly and carefully for the long term.
To do that, you would realize that business is deeply personal and balance the 3 "Ps" - people (stakeholders - team, investors, vendors and customers), profit, and the planet (regardless of your focus which could be evolutionary, economic or environmental).
Any business can operate that way...and there are some real surprises out there, i.e. The Container Store!
To generate new value we must be willing to forgo the old value in the structure which still stands highest. If this structure does not let us leave willingly to generate new value then we cannot let it stand. I not speaking about a revolution, i'm talking about the cold hard calculated nature of capitalism, for it is nothing new on this earth and shall remain until our days are done.
If we focus on education, I would love to test the opinion that entrepreneurship education/research misses the mark in part due to 1) its preoccupation with economic events (business start-up in particular) and 2) that entrepreneurs practice their unique set of traits and methods continually over the course of their lives.
My contention is that entrepreneurship is a process that deals more with how people act (or could act) in transitional stages of their lives and as such, is an intense, brief series of episodes over the life course.
If this observation is remotely accurate, then entrepreneurship education should be refocused to give students the entrepreneurial tools (critical thinking, opportunity recognition, idea feasibility testing, resource gathering, etc.) that they can adapt in accordance with the change demands exerted from all of their subsystems--not just in relation to economic and/or career choices.
Anyone else feel the same way?
As the Founder of a national women's organization of women entrepreneurs, its to our discretion to identify what innovative and creative concept will benefit in starting a business. Its all about the mindset of knowing how important it is to be build your wealth but help create jobs that will help strengthen our economy. We live in a country where "the world is our oyster". We can be what we want, start what we want, make the money we want. I challenge you all that are not and those that are entrepreneurs, take the pledge. I am an Entrepreneur Extraordinaire!
First we all must understand that our goal as a small business is to not to let the national chains take over the power control of the world.
We must grow together as a team and work on getting one rule in America changed, because the people spoke. Try to to get a 100 things changed at once, we have no chance. As an outside sales person for LED Action moving signs, I see business all over America that are in towns that are not small business friendly. In fact they are working to kill the small business by not letting them have signs letting the customers driving by their store have an action moving sign on their store or sign pole outside. National chains can run TV ads, it does not matter to them where the ads run, they have locations everywhere and money to spend on the ads, even if it only gets them a 2% return they are happy.
Will everyone in America, just stand there and let the major chains and the Government make rules to help the national chains destroy the small business?
Wait until you are on the national chain black list and cannot get a JOB and small business are a thing of the past, then we will see where you stand.
Scott
We need to get people to focus on creating new value, not only on creating new jobs.
I'm not against corporations, but if we just focused on creative value, we would come out of the recession. We are so much on the grid, meaning, we derive all our value from ideas given to us in the
media by big corporations. If we dug up our lawns, planted fruit and nut trees, vegetables and herbs, we would be thinking in the right way. A people have to create value. I become a millionaire when I create enough value for the largest amount of people.
Being an entrepreneur has been the most rewarding decision that I have ever made. Don't get me wrong, everyday isn't peaches and cream. But, I get the opportunity to learn from not only my mistakes but through success literature, I learn from the mistakes of others that have come before me. The most important thing is to "stick to it and stick together". We can all learn and earn by working together through the various social networking platforms made available to us. Additionally, if entrepreneurs can develop their business as a "social enterprise" the positive results are shared within communities etc.
It's all about a passion!
A dream! And meeting a need!Then applying determination to see it done!
Tonight, I read all the posted comments on the site.
A number of steps need be taken to move to the solutions requested in many of the comments.
I challenge the editorial discretion noted above... let's rally this Entrepreneurial Community with a symbolic - yet necessary - first step:
In recognition of July 4th, I encourage each entrepreneur to thoughtfully ponder the importance of the Declaration of Independence's words and how those words apply to ourselves and the opportunity available to each of us every day.
I, like Bill Jacobs, have many good ideas that could generate economic activity and am not in a position to obtain a patent. There are several good reasons for this. First, a patent is only as good as my ability to legally enforce it. As the owner of a patent, I have to use my own resources to both identify and prosecute any patent infringement (and there are far more copycats out there than real inventors). In all other areas, there is government (police, FBI, etc.) enforcement but not in this area. Secondly, patent companies that advertise their services to the public are a blatant rip off. When I asked such a company how many client they had successfully promoted, the answer was one, out of the thousands who submitted proposals and paid the exorbitant fees. Thirdly, venture capitalists typically want total control of any entity, company or business created by an inventor for as little advance money as they can possibly get away with. We're talking 90% or more ownership demanded by the VC. The inventor gets to do all the work and the venture capitalist gets all the reward with minimal risk.
Fourth, the present trend is towards the creation of intellectual property patents. While that is all necessary and good in its own limited way, there has been less capital available for manufacturing, and the creation of physical goods as everybody chases the high-tech digital dreams. Low-tech ideas and solutions are not considered "sexy" or glamorous, so they receive less consideration by venture capitalists and other funding agencies (NCO's). Finally, there seems to be no smooth and easy access for an inventor to anyone or any agency willing to help such a would-be inventor to develop his/her ideas. "Swimming with the Sharks" doesn't do it for me (and the title kind of gives the game away!). I know many people with good ideas who went the patent route with very little success to show for it. I'm open to any suggestions as to what to do with my very good (and mostly low-tech) ideas.
we continue to be saved by brave people who risk ridicule and rejection but end up turning huge tides of public opinion in the direction of righteousness. We owe them
I must also add that its not all about America, all about usa, its all about the world, it all about the entire human family, seeing that we are all connected, what we do effects china, what Africa does effects France, what Russia does effects Iceland, we are all one. we are all tied into the earth and her supplies, we must stop segregating ourselves out of pride and see that its about joining hearts and hands with everyone. its also about personal responsibility - stop waiting for someone else to fix it (aka the government) you are your OWN government, your OWN president. YOU are the answers to your prayers - so roll up your sleeves and get to work. aloha! KD
We have created internet franchisees for all aspiring entrepreneurs, sole-proprietors, and all brick and mortar mom and pop shops looking to increase there revenue during store hours. its all about local business, local community, helping your own neighbors in whom most of us dont even know.
It starts in your community, change close to home. My business Earth Elements buys locally grown surplus and seconds from rural farmers. We preserve and add value those crops, by canning, simply processing and freezing, and baking. This provides a healthier food supply for our community, creates value for farm products that are usually considered waste, creates jobs and saves family farms. Together we are building a local economy, supporting and helping each other. It is time to think and act locally and build Community. Change starts small and grows. team work
I have been in startup mode for 6 years! Why? Because I quit my job with one large contract, and it wasn't enough to sustain all the costs I ran into. Plus I went into an unwise real estate investment with an entrepreneur friend - big mistake, but at least we can collect rent.
The point here, though, is that someone (Chuck) pointed out that we have to have more than complaints here. We need solutions. Anyone willing to tabulate all of the "issues" so that we can put them into a coherent white paper, what needs to be fixed in Entrepreneurship America? My problem is that I don't have enough to show to qualify for a loan that isn't secured against my home, which I won't do. There are so many costs small businesses bear, such as (at least in my state) having to pay a $100 annual fee just to have your business name remain on the business register, double Social Security payments, even if just for one employee. I did manage to get around the employee health insurance issue by establishing a collaborative business model. I provide a create integrated public relations/communication service, so I have assembled a team of independent entrepreneurs who come together on a project-team basis as required. I would love to hire employees, but the tax advantages offered right now aren't enough to offset the costs, not to mention the constant fear of making payroll every week.
At any rate, if someone wants to note the problems noted here, and any solutions suggested, I'd be happy to put it into a white paper format. That's one of the things I do as a writer.
some women are better ENTREPRNEURS THAN MEN TO ME THERE'S A BALNCE
Economy bail out to any one should be to senior citizens 65 an older to really get the money and the help spread fast into a right places, including the banks; fixing ahead a social problem developed by huge losses.
Hi, Good to have received the invitation to be part of this group. I have also pledged my support. I guess we can have a larger theme and support Entrepreneurs in general so that any economic activity in South America will trigger Fin Markets in North America and new opportunities there can impact India and growth in India can be huge opportunity for UK / US .. So, today we are in a real flat world. Thought will share this. Best Regards on your initiative. Sridhar, Entrepreneur
All of the old rules have changed. Ten years ago, in order to get clients, you just looked for them...called them up...made an appointment, etc. Now you can't get anyone on the phone...and if you do happen to talk to a business owner, they are not interested in any sales appointments. My IT business almost faltered because I was trying to make the old rules work.
Found Meetup.com and started networking, which saved my business. I now work through the NY Entrepreneurs Business Network to help other startups start up.
Granted, paper work, absurd laws, government and oil, pharma and food are blocking us -- but we can do business with each other if we know each other. We can do this while we are working to change our environment from one of suppression to one of freedom.
All you need is a dream to start a vision. Faith is what will keep you going through the volatile times. I wish everyone nothing but success.
In contemporary society, entrepreneurs are the only leaders pushing forth a new and visionary economic success. As the industrial age of our nation comes to a close through means of outsourcing to nations which can produce products and/or services for a lower cost, we must look to the information age which began in the 1980's and the transition to a new American workforce, planted heavily in service industries and intellectual property. For example, as Americans, we must realize that we cannot rely on manufacturing cheaper products, or providing services in which the international market can produce for a lower price; instead, we must pride ourselves on our ability to create new markets through an intellectual process. Because America has always been based on freedom and rewards those who take risks, we have created a culture envied and copied by other countries, from our movie stars, to our lifestyles, even to the horrible fast-food we have created. Ultimately, all the envy for our highly successful nation may fade without the consistent creation of new intellectual property, innovation, and business leadership in the form of entrepreneurship. In fact, if one were to look to the exact definition of economy, it states, "economy is made up of land, labor, capital, and entrepreneurship." A country may have land, a country may have labor, and a country may even have large sums of capital, but without entrepreneurship to tie all of the resources together, a country has no ability to lead, but simply an ability to follow.
I strongly believe our youth needs an outlet where they can learn about entrepreneurship. At the college I attend, most individuals don't understand that almost every type of career involves business and that learning about owning/operating a business can be a key success factor for achieving one's dreams. Additionally, mature entrepreneurs sometimes aren't aware of the professional guidance they can receive, such as counseling services provided through the Small Business Development Centers.
Would anyone be able to share information about grants for fostering entrepreneurship?
When does e-Mentor Corps start? How do people get involved?
As a long-time inventor & tinkerer, I use the following procedure to get an idea to market. First, write a DD (Document of Disclosure) for $10, follow that (within 2 years) with a PPA (Provisional Patent Application) for $100. Then you have one year to peddle your idea, with NDA (Non-Disclosure Agreements) and your "patent applied for" number for protection from being ripped off. Ideally, you can sell your idea to a big American company (with a team of lawyers to protect the idea) until it's manufactured and on the market.
Having a product on the market is the best protection, far better than a patent. This works for me.
I see why Bill Gates moved to Washington. This place has it "all" to offer new business but no one wants to do anything. It's been so "good" here, so long, people think the rest of the world has it this good. The Land of Enchantment gives it all, but it still operates some time in the indefinite future. This will change with the influx of another new culture, again !
Beaurocracy is the biggest challenge to entrepreneurs. They have to have true conviction in their hearts to be able to "burn" through red tape and all kinds of "no" responses to something that makes a difference. You need to find the right person who can give you that "yes", a person of true authority. Then, with the green light for you, the entrepreneur can blaze ahead and create opportunity.
I feel like there is an unspoken rule that the people who come up with an entrepreneurial idea are supposed to be the ones that implement the idea, and that prevents numerous small businesses from getting off the ground because different people have different talents and coming up with an idea doesn't translate into the funds and skills to make that idea a reality. Therefore, I think there needs to be a secure forum in which entrepreneurs specialization execution or inspiration or both can collaborate with each other to turn as many ideas into viable businesses as possible, with all contributors being fairly compensated for their contribution. Such a forum would need to be more complex than a string of comments such as this but probably would not be prohibitively complicated.
If such a forum already exists, or if someone creates said forum after reading this post, I would like to know about it.
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.
I agree with Chuck Johnson - I believe the founders of this incredible place created this area to unite people to do something productive - not just free form dumpt thoughts to complain or comment.
The only way we are going to build this stronger america is if we start stating ideas, offering ways to implement them, or establishing a voting system so we can vote on which ones we would all like to see happen - and then form small miniteams to start taking action to make them happen. This should be a productive place. It seems like it's not going anywhere. There needs more structure.
I am an entrepreneur who likes to make things happen. I liken Chuck Johnson is too - so let's see if we can switch this tone around a bit here - so potential new joiners stick around and rally behind us for the long run.
I also don't think this place was meant as an 'open solicitation to tell us about your business' forum. There are a zillion other forums and free places on the internet to do that.
So the person sharing about their olive oil business - it's a bit pushy and I didn't join this group to read about your business. Just state the suggestion and sans all the details of your business.
I joined so that I could make an impact and present ideas backed with a potential plan or forward action. It would be great to see all that happening on here. That's how my colleagues and I work anyway.
So let's sift through what has been presented so far and see if any of us want to move forward to take action on them - or flush the ideas out a bit more to see if they are feasible and viable to spend time on.
I have a few of my own - but mine as well start with what we have and take it from there. No point adding more to the list if what people have offered might get overlooked b/c it goes too far down the thread.
Not trying to be harsh here - but my time is valuable - and if I am going to dedicate time to this because I really believe in this -it's to do something - make an impact, create the change. Otherwise, I will just pursue my own missions and not participate on here - and be doing that anyway.
Being the owner of two successful startups that have been going for four years now, there is one issue that sets my hair on fire on a yearly basis; 1099's. The IRS requires that the forms be typed out using a manual typewriter. I do not personally know of a single person who still owns one. I am told, which I do not know the veracity of said statement, that the IRS checks employer versus employee 1099's by placing them on a light table... REALLY?!?
Why not set up form fillable PDF documents that can be uploaded to the IRS? These could be set up to be read into a database and then the verification set up through said database, automatically.
In my case I wasted a full day on this issue, once again, then had to send the information to my accountant in order to submit the forms, incurring a $90 charge.
If one were to multiply out the man hours wasted, not to mention fees incurred, at the hundreds of thousands of small business's nationwide on a yearly basis due to this requirement, it boggles the mind. This anachronistic and foolhardy practice that the government forces small business to perform on a yearly basis, when after all, they are just trying to do the right thing by hiring other self employed business people and reporting their recompense, is yet another example of how we, as the entrepreneurs who drive this economy, are not in any way catered to by a government stuck in the 20th century.
In a business environment in which every step of my workflow is done digitally, it is high time the IRS joined us in the 21st century!
So you want a solution? A direction. I feel the food industry is where to start...and the sooner the better...4 olive us.
If there is one place corporations do not belong it is in our food supply!!!!
Profits and cheaper food means sick people. Naturally grown food creates brilliance, brings enlightenment and the gift of health.
It has been a tool for a clear mind for more than 40 years.
I make organic olive oil here in California and am forming a food based community on 100 acres. Our culture could use some earth sense...like common sense. I am looking for an entrepreneur team wanting to run the business, live simply on the land and live life's bliss cooperatively.
99% of our olive oil is imported in this country. California olive oil is where California wine was 50 years ago...growing fast (thanks to the Spanish plantings) I need a team to make a noble vision manifest 4 olive us.
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 should have an organization like KIVA. They make micro-loans to entrepreneurs in third world countries which are paid back as the business is able, on your honor. There is a high success rate. Why can't we do that in this country? The loan amounts should be greater, since the cost of living here is considerably greater. But the principle is the same. Let's support our people at home, and see what they can do!
After 8 years of hard work, taking care of family responsibilities, I am ready for my dream...BYOB entrepreneur which is in my family blood:
However, the situation is so unique hopeless, daunting, killing... everybody is against my project: my daughters, wife, friends the hole world! I say here I am either I will die or win the the world I am going ahead..."Spartan don't ak where are the Romans THEY LOOK FOR THEM." I alone am responsible and all risks, hardship and calamities I challenge to come my way I will melt them!
Here is the beginiing and all can join sharing knowledge and experience is the fundamental strenght of our country we don't hide....
Every state can have this project: Green Bubble School field Trip Center create a field trip centre for every two or three counties there are thousnads of counties what traditionally schools have been doing is taking students to the same place for school field trip for the last 50 years...Give athem an opportunity to visit or experience a totally new opportunity and all will be benefitted take my word
Long live America and her entrepreur spirit here i come.
I am $19 000.00 in debt but ready to start my own world watch me! my fellow Americans! And this is just the small beginning! a first step!
GARY PANCHOLI CARY NC 3-24-2010
Asdrubal Sossa-Robles of Newport Beach, California stated that China does not have rules and it is easier to do business there than in the USA… he is wrong.
To suggest that China has no rules is ridicules. Actually their bureaucracy makes ours look good ..and their rules are harsh, for instance, the Chinese government has uncovered thousands cases involving the production or sale of sub-standard food products. China executed the former head of the State Food and Drug Administration, Zheng Xiaoyu, for the Melamine incident. Another senior official from the State Food and Drug Administration, Cao Wenzhuang, was given a suspended death sentence for taking bribes. Geng Jinping and Zhang Yujun were executed with a bullet to the back of the neck for manufacturing tainted milk. Firing squads are routinely used for dishonest entrepreneurs. Not only do they have rules but it seems their enforcement is a bit harsh.
A salmonella outbreak in the United States sickened 700 and killed 9 people. Stewart Parnell and the Peanut Corporation of America (PCA), the head of the FDA are all dam lucky this is not China.
Good Idea! Dee Miller of Hope, Idaho stated:
"entrepreneurs should unite and write their own legislation for Congress to submit as a bill" ... one of the most important thing she said was " ....submit what you require with specificity". So think about it? Can you convert your gripe into a productive solution?
What I would like to see in this blog site from entrepreneurs and inventors are gripes and problems stated in the form of a solutions that can be drafted into law. We need to make a difference and it needs to be soon, United we Stand.
Someone on another page who is an inventor wants the cost of Patent protection reduced. That is a great idea, that could kick start the economy and can easily be drafted into law.
The anarchists need to get off this site.
The only way out of this recession is through the growth of small business. They are the one's who create jobs in this country. I have been an entrepreneur for over 25 years and have the scars to prove it. The last 10 years I have been working with start ups and small business as a marketing consultant. Two years ago I came to the conclusion that were missing the boat big time in the way we help entrepreneurs succeed. We all know they need money. That is a given. But what a lot of them also need is engineering help, marketing help, management help and so on. Well today location is no longer a problem. Therefore a new medical device start up in Idaho could use the help of a medical device engineer in South Florida. The problem is they don't know each other. The facts are it's not what you know sometimes it's who you know. I hear it all time time from my clients. They ask me if I know someone in their business who could help them out. America is great at helping out other countries and people and that is great. We have a huge resource of people in this country who could help our entrepreneurs succeed including the 75 million baby boomers with over 30 years experience.
People helping people is what it's all about. When that happens you get back ten fold and all kinds of opportunities open up. It is my passion to help Grow America by connecting up experienced professionals who can help our entrepreneurs succeed.
As most of you that are reading this we were brought up with Pledging Elegance to the flag every morning in school. I don't know, if it still assists? For some of us it probably meant more than others. I was the last born into a family of 6 children. My family at emigrated from the beautiful Inlands of Azores, Portugal and I was born here in the States. When I was a youngster and my father would introduce me to someone, he would say this is my son Henry he is my youngest and he is an America Born and that meant something to him because he loved this country. Not, that it was more beautiful than his but because of it's ideas. Portugal at the time was ran with a dictator. So when I Pledged Elegance to the Flag it had allot of meaning. One Nation Under God with Freedom and Justice For All.
I don't see it today and the little that is left is slipping away right a front of our eyes. I see allot of talk but no one ever gets close to the core of the real problems in our country. We are control by Fear (Hitlers best weapon of control) and Cooperate Monies. I believe if surveyed 90 percent of us that don't work for Big Pharm will say Pharmaceutical Commercial are ridiculous, we have doctors that go to school to learn what drugs to prescribe, why are they spending billions of they customer's dollars advertising to people that can't prescribe drugs to themselves. They do it to control the media, They are the main principles of all the major media in our country and in doing so they are in control of our country where not even the President of The United State listens very carefully when they talk, or we may have a Health Bill with their approval which is the biggest problem with our Health System. Now, if we really would to help our country lets start at he root of the problem and take our country back. We are boomers we were leaders and warriors but today we are talkers. By the way I had A.D.D.H.D. as a child and I am glad Big Pharm wasn't in control back then because I would of drugged.
Mr. Chuck Johnson,
Jibberish it is not but rather it is intelligence and intelligence
form's being. Being is what construct's reality and consequently -
the reality that you face is proportionately is intermixed with ---
your consciousness.
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.
It would be a great idea if the powers that be wake up and see that we can put America Back To Work. We can create jobs. We have a simple solution. Let the entrepreneurs do what they do best. Circulate the flow of money, and get the economy flowing again. We have the programs ready to go, How much longer do we have to wait to get the financial support that we need?
As a matter of primacy with the U.S. Economy, the people must acknowledge a paradigm shift as the world comes to evolve we the people need to revolve. The people also need to disseminate conscious being and scientific propensity, all in all this propensity mandates' the potential of humanity.
Must take the less and make it more, must transcend the subconscious to realize the potential and notice that ALL is most definitely not the physical.
It's very clear that our economy has reached a point where it cannot sustain itself without the support of venture capital and entrepreneurs to create new industry and innovation. The Build a Stronger American foundation however has overlooked some key elements to meeting this entrepreneurship goal. The focus should really be legislative - the ban on banks supplying venture capital needs to be removed. Here is an outline for an actionable approach to fixing our economy!
-Exempt newly issued stock from the ban on banks buying stock for their own account
-Authorize the Federal Reserve System to set up appropriate systems to enable commercial banks to provide venture capital without endangering bank solvency.
-Encourage liquidation of stock held by banks to comply with Sherman Anti-Trust act
-Find and implement appropriate ways to make it profitable and feasible for investment bankers to raise money for early stage companies. This could be modeled after the existing institutional venture capital industry.
-Find a way to allow investment bankers to raise money in stages like venture capitalists do.
-Find and implement several ways for investors of all incomes to invest in venture capital.
-Enable venture capital mutual funds.
-Create tax incentives for investments in venture capital funds and newly issued stock.
-Create greater tax incentives for early stage investments.
-Create ongoing tax incentives for investment in algae farming businesses and other businesses that will remove pollution from waterways and ecosystems.
-Create tax incentives for investing biodiesel.
-Create tax incentives for investment of neodymium mining. Neodymium is required for hybrid automobiles.
Please forgive me for being blunt but I have to say that this page does not seem to be attempting to solve anything! Just a bunch of individuals in discussions that aren't going anywhere! Just empty words. In order for a forum to be useful, it needs direction and goals. I am attempting to establish a MASTERMIND GROUP, as described in the classic book THINK AND GROW RICH, by Napoleon Hill.
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?
Entrepreneurship has been evidenced as the driver of the US economic growth from the start of the industrial revolution. It is hinged on our unique and sometimes complicated education system that supports expression of ideas that lead to innovation.
The failure of our society to recognize the decline in scientific minded graduates coupled with a growing trend in Washington to be bugged down by minutia instead of rationalizing and compromising to come up with policies to capitalize on the effects of globalization, we are adrift as a nation.
We as Americans are being handcuffed by policy more and more as the rest of the world frees up regulations to foster innovation. For the first time, the US is looking a some level of brain drain as more and more innovators leave for more fertile grounds.
The test will be whether we allow a few financial and a few industrial organizations to control our government and economy. We still have a chance to innovate ourselves to the top of the world but only time will tell. The key areas where we could excel are environmental, energy and aerospace.
However, as a very small business that depends on a vibrant economy, I am stuck with no source of financing other than my own and now friend in government, so i will keep plugging and hope for the best. Things have sure changed since the 1990's.
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