I read that somebody in NY had to wait 1 or 2 years to get all permits to open a grocery store and incurred significant costs up front in the 10’s of thousands of dollars, now how are those people trying to pursue their dreams to pay for all of that up front?

I think the US doesn’t want to have business of any kind, to open something there you must be a financial genius and Congress is hellbent in transforming the internet in something similar to what happens in meatspace in other worlds a desert since I doubt the government will try the credit crazy angle again anytime soon.

Just Google “Starting a business in the US horror stories”, is just alarming how things are out of control.

Most people like to open business in Asia this days because it is simple with rules that don’t require a PhD or an army of lawyers to understand, everybody knows what they need to do to comply and the barriers are low, very low.

Which part of Asia are you refering to? Because here in China, starting up a business is a nightmare of bureaucratic process with rules that are ever-changing and subject to the changing moods of individual government goofs.
Definitely not easy, simple or cheap.

Try Hong Kong, Taiwan, South Korea, Indonesia, Vietnam, Japan, China/India, Philipines. In that order from easiest to harder.

Also China and Japan has one quirk in common, they actively make it harder for non natives to do business, with the exception of the special zone of Hong Kong.

WTF? This article has nothing to do with piracy.

There. My comment should get you a few more hits on this post. You’re welcome.

No, Mike, just no.

If the only reason we want to allow them in is an idea well I can guarantee that an American has the same business idea. The only issue is that maybe the foreign businessperson has capital ready to spend. There are always was for people to immigrate to the US. What we need more and better ways for American startups to find capital.

For instance, I work for a company that was founded by an Indian gentleman and although he has 15 people working for him in the US, he has 75 working for him in India and he moved his family back to India and sends all of his profits back to India. He came here on a student VISA to get a Masters and then decided to stay here to work for a company until he saw an opportunity to start a company. He spends half of the year in India and half here. So I guess you could say that he’s a boon for his US employees is it a big enough of a boon to legislate special VISAs just for startups?

It’s like foreign student VISAs. More than half of the PhD students in the US are foreign-born. And the excuse that I have always heard universities use to justify that is that if we teach these foreign students the American way that they will go back to their countries and spread goodwill for America. However, most of them never go back. They decided that they like it here and don’t leave. So the universities have screwed over American citizens with credentials that were just as good or better than a foreign student just because they were Americans.

As long as the startup/founder VISA was written that the foreign citizen has to deposit a substantial sum in an American bank and that the company was to be audited for it’s first 3 to 5 years to ensure they were actually trying to build a legitimate business then I would be for it. But if it was written to just allow more people to come into the US willy nilly then I would be opposed to it 100%.

Don’t frivolous lawsuits hurt small businesses far more than government regulations and taxes?

Yes, the dirty word, and process. If there was some true patent reform, or better yet elimination, there would be a whole lot of startups. The keys to working in a no patent environment are 1)be first to market 2)have a full understanding of and actively listening to your market 3)competing on all three of the price/quality/service variables, by being better in at least 2 out of 3 of those. Yes someone will copy you, but the big companies today do not know how to do service, especially customer service.

http://www.allamericanblogger.com/19777/starting-a-business-in-san-francisco-is-a-red-tape-nightmare/

Found the horror story about NY.

Quote:

It’s like foreign student VISAs. More than half of the PhD students in the US are foreign-born. And the excuse that I have always heard universities use to justify that is that if we teach these foreign students the American way that they will go back to their countries and spread goodwill for America.

Than you heard it wrong mate, because the excuse was always to let those students become American entrepreneurs, to create new markets, those are the people who create markets and as Dr. Michio Kaku put it America has a secret weapon.

Dr. Michio Kaku America Has A Secret Weapon

90% of PhD US candidates are foreign born, there are no Americans to take their places and the reason is very simple in a global world where you are trying to attract only the best those are not Americans, there are 7 billion people in the world and if you can do simple math you would know that there are no way that statistically there would be more Americans genius than the rest of the world.

The American government and the American science collective don’t want those people to go back to their homes, although many do, the interest is that they get educated and create something here.

Besides if you don’t allow immigration the US would be in the position of Japan that will have almost half their population being old people putting tremendous strain on the younger generation that don’t want to get married or have kids in numbers enough to even maintain the number of people in the country and facing population contraction which again is bad for the economy, since America has a growth rate that is almost organic in nature, the population growth in America is something between 0.5%~5% due mostly because of immigration and economy growth doesn’t go higher than 5%, you see there the correlation between population increase and market expansion in the US?
Would you be surprise to know that although the US population grew a lot since the 70’s the US manufacturing capabilities stayed the same? in practical terms this means the US actually shrunk and has been doing so for the last 50 years with some micro-golden-ages which are mostly fueled by internal consumption of goods that is why the government love credit and is so reliant on it and can’t stop it, they need to keep giving credit to others so consumption occurs or the economy is going down the toilet, the US exports are a laugh and people only do business with the US and put up with it because they consume something otherwise you would see other countries dumping the US and flipping it and that would be bad, because prices would rise, inflation would become a problem and it is starting to show that it is already becoming a problem in the 70’s and 80’s things usually stayed with the same price for a long time, that time now is shorter than it was before, now imagine a US that is not growing and is a country of old people all sucking up medicare resources without new blood to pay for it all or consuming, that is why nobody in congress will ever pass immigration laws that curtail the growth of American population.

I’m sure he’s all for a capital gains tax, considering his income’s primarily passive. I’m not sure where the anti-capital gains people think they can cover a 43% tax cut to the top 5% if it were eliminated.