By Scott Shane
The Journal of the American Enterprise Institute
Wednesday, May 09, 2012
While you get more business formation if you reduce the barriers to starting companies, you don't necessarily get more successful entrepreneurship.
To read this insightful article... and Mr. Shane's great take on the recent comments from Mitt Romney and the Obama reaction... click here.
"Romney's logic is sounder than the president's. Allowing entrepreneurs to keep more of the profits from running their own businesses provides an incentive to overcome obstacles, like a lack of capital. If you tax entrepreneurs heavily, you reduce their incentive to overcome these obstacles and make them more likely to close down their companies."
Showing posts with label entrepreneur success. Show all posts
Showing posts with label entrepreneur success. Show all posts
Friday, May 18, 2012
Friday, December 23, 2011
Check out "Top 10 Reasons Small Businesses Fail" from the New York Times
Top 10 Reasons Small Businesses Fail
By Jay Goltz
New York Times, You're The Boss
January 5, 2011
One of the least understood aspects of entrepreneurship is why small businesse fail, and there's a simple reason for the confusion" Most of hte evidence comes form the entrepreneur themselves.
I have had a close-up view of numerous business failures - including a few start-ups of my own. And from my observation, the reasons for failure cited by owners are frequently off point, which kind of makes sense when you think about it. If the owners really knew what they were doing wrong, they might have been able to fix the problem. Often, it's simply a matter of denial or of not knowing what you don't know.
To read the full article and see the top 10 reasons, which might surprise you... click here.
By Jay Goltz
New York Times, You're The Boss
January 5, 2011
One of the least understood aspects of entrepreneurship is why small businesse fail, and there's a simple reason for the confusion" Most of hte evidence comes form the entrepreneur themselves.
I have had a close-up view of numerous business failures - including a few start-ups of my own. And from my observation, the reasons for failure cited by owners are frequently off point, which kind of makes sense when you think about it. If the owners really knew what they were doing wrong, they might have been able to fix the problem. Often, it's simply a matter of denial or of not knowing what you don't know.
To read the full article and see the top 10 reasons, which might surprise you... click here.
Tuesday, November 30, 2010
Want to Buy a Franchise? The Requirements Went Up
Some chains demand more experience - and more cash - from buyers
By Emily Maltby
The Wall Street Journal - Small Business Online
November 15, 2010
For entrepreneurs, it's getting tougher to get in on some franchises these days.
With the economy in the dumps, an array of franchisers are raising their standards for prospective buyers. They're demanding candidates to bring much more cash to the table, as well as a stronger track record of experience in the industry. In some cases, they're even inspecting the buyers' current operations to see just how well they're run.
Tactics for Tough Times
"The margin for error in a down economy is less," says Darrell Johnson, chief executive of franchise research-and-consulting firm FRANdata in Arlington, VA. "In a good economy, when you are struggling and learning on the job there is more margin for error because the economy is helping you along."
To read the full article... click here.
By Emily Maltby
The Wall Street Journal - Small Business Online
November 15, 2010
For entrepreneurs, it's getting tougher to get in on some franchises these days.
With the economy in the dumps, an array of franchisers are raising their standards for prospective buyers. They're demanding candidates to bring much more cash to the table, as well as a stronger track record of experience in the industry. In some cases, they're even inspecting the buyers' current operations to see just how well they're run.
Tactics for Tough Times
"The margin for error in a down economy is less," says Darrell Johnson, chief executive of franchise research-and-consulting firm FRANdata in Arlington, VA. "In a good economy, when you are struggling and learning on the job there is more margin for error because the economy is helping you along."
To read the full article... click here.
Saturday, October 23, 2010
Check out... Top 10 ways government kills jobs in America
By: Arthur Brooks
OpEd Contributor
WashingtonExaminer.com
October 19, 2010
Our politicians all seem to agree on at least one thing: There will be no recovery unless America gets back to work.
But that's often where the agreement ends. Once you move on to discuss how to get America back to work, opinions begin to diverge.
In general, the worst thing for job creation is a poor entrepreneurial climate. Such a climate is brought on by the large fiscal debt, unpredictable health care costs, and a generally anti-business and pro-regulation approach by government.
In the run-up to the midterm elections, all of us should be thinking about "climate change" - and the best ways to create jobs in our nation. We'll hear lots of talk about recovery and stimulus, about fairness and equity, the future and change.
As we listen to the rhetoric, remember the reality. These are the Top job killers in America.
To read the full article at the Washington Examiner... click here.
OpEd Contributor
WashingtonExaminer.com
October 19, 2010
Our politicians all seem to agree on at least one thing: There will be no recovery unless America gets back to work.
But that's often where the agreement ends. Once you move on to discuss how to get America back to work, opinions begin to diverge.
In general, the worst thing for job creation is a poor entrepreneurial climate. Such a climate is brought on by the large fiscal debt, unpredictable health care costs, and a generally anti-business and pro-regulation approach by government.
In the run-up to the midterm elections, all of us should be thinking about "climate change" - and the best ways to create jobs in our nation. We'll hear lots of talk about recovery and stimulus, about fairness and equity, the future and change.
As we listen to the rhetoric, remember the reality. These are the Top job killers in America.
- Uncertainty and business
- Uncertainty and the consumer
- High corporate taxes
- Unhealthy health insurance costs
- The threat of unionization
- Inability to hire and fire
- Trade restrictions
- Credit
- Increasing unemployment insurance
- Encouraging frivolous lawsuits
To read the full article at the Washington Examiner... click here.
Wednesday, July 28, 2010
Check out... The Art (and Journey) of Raising Funds
The Art (and Journey) of Raising Funds
By ROSALIND RESNICK
For an entrepreneurial start-up, landing that first check from an investor is a milestone.
What many start-ups don't realize is that the seed capital they raise – often from friends and family – is just the first step in a fundraising journey that can drag on for months or even years.
My client, John White, is more than two years into the process of securing $14 million in funding for his company, Joy Berry Enterprises Inc., which plans to republish the works of popular children's author Joy Berry across multiple media platforms. In June 2008, he and partner John Bellaud won their first $600,000 from angels to jumpstart the company—and expected smooth sailing from that point on...
to read the full article... click here.
By ROSALIND RESNICK
For an entrepreneurial start-up, landing that first check from an investor is a milestone.
What many start-ups don't realize is that the seed capital they raise – often from friends and family – is just the first step in a fundraising journey that can drag on for months or even years.
My client, John White, is more than two years into the process of securing $14 million in funding for his company, Joy Berry Enterprises Inc., which plans to republish the works of popular children's author Joy Berry across multiple media platforms. In June 2008, he and partner John Bellaud won their first $600,000 from angels to jumpstart the company—and expected smooth sailing from that point on...
to read the full article... click here.
Friday, April 23, 2010
Small Business Owners Still Doubtful about Economic Turnaround
Blog By JULIA L. ROGERS, AOL SMALL BUSINESS
Small businesses aren't quite buying the reality of economic recovery yet, reveals a survey conducted by the National Federation of Independent Business (NFIB) in March. Most have continued to be tight-budgeted, stalling hiring and expansion in the sector.
Entrepreneurs in small companies across industries are still frustrated as they watch larger companies get low-interest credit and enjoy rejuvenated businesses. Unfortunately, their pessimism and failure to take advantage of all benefits offered to them is seriously affecting the strength and speed of the recovery. Because of sour attitudes among those in the small business community, economic experts believe that President Barack Obama has his work cut out for him as he attempts to move forward with fresh policies to help smaller companies add jobs and expand. Reuters reports that issues related to employment and job opportunities are critical in this congressional election year and could make or break results...
To read the full article... click here.
Small businesses aren't quite buying the reality of economic recovery yet, reveals a survey conducted by the National Federation of Independent Business (NFIB) in March. Most have continued to be tight-budgeted, stalling hiring and expansion in the sector.
Entrepreneurs in small companies across industries are still frustrated as they watch larger companies get low-interest credit and enjoy rejuvenated businesses. Unfortunately, their pessimism and failure to take advantage of all benefits offered to them is seriously affecting the strength and speed of the recovery. Because of sour attitudes among those in the small business community, economic experts believe that President Barack Obama has his work cut out for him as he attempts to move forward with fresh policies to help smaller companies add jobs and expand. Reuters reports that issues related to employment and job opportunities are critical in this congressional election year and could make or break results...
To read the full article... click here.
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