Check out this great article... When Reducing Barriers Leads to More Failed Businesses.

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."

Check out "The hottest spots across the country for starting a new business"

"Indianapolis made it onto the list... check us out!"  Larry

Where the Action Is
Across the country, new industry hubs are drawing entrepreneurs and investors - and offering start-ups support and safety in a turbulent economy

The Wall Street Journal
WSJ.com, August 22, 2011
By Emily Maltby

Location Matters.

It's a lesson that's all too easy to forget in a world driven by mobile devices, cloud computing and home offices. There are big benefits to setting up shop in the right spot - especially among lots of peers in the same field.

Just ask sports-gear makers in Ogden, Utah. Or health-care companies in Nashville. Or nanotechnology researchers in Albany, N.Y.

These cities, and others like them across the country, have become hubs for specific industries. Entrepreneurs are moving there and flourishing  in the teeth of a bleak economy. The cities, in turn, are nuturing the entrepreneurs by giving them access to funding, mentors and facilities.

All in all, these clusters can be ideal spots for an entrepreneur in the field. Being there means getting access to a much wider range of suppliers, customers, employees and industry experts. What's more, industry peers are often willing to support each other as they get off the ground, sharing recommendations about staffers, potential sales leads and attractive office space, or giving each other guidance and insight about the industry...

The article continues and gives a look at seven up and coming innovative centers. Indianapolis is listed first, as a Life Sciences center... read the full article to learn more. Click here.