We’re not number one:
A new study by the World Bank and the International Finance Corp. found that the U.S. ranks well behind countries like Rwanda, Belarus and Azerbaijan in terms of how easy it is for an entrepreneur to start a new business. The U.S. did narrowly beat Uzbekistan, though.
So we have that going for us.
Depends on the state. Start a business in California or New York and expect huge paperwork filings. In Texas, you can get up and running in a few days.
I know a guy who has been trying to get a new business up and running in Southern California for years now. He’s spent over $100,000, and has still gotten nowhere. Here’s the kicker: the particular city he is working with WANTS the business to get up and running. They’re even offering him a $1 lease on the land to encourage it… but even with the strong support of the city, they still can’t/won’t waive a whole pile of ridiculous regulations, fees, and requirements. This particular man has actually worked in one of the central Asian republics named in this story (I want to keep vague to protect his identity) and actually opened a number of factories there… and he said to the people from the city that it was easier to do it over there than over here. So this story and comparison isn’t just for shock value. This guy can state from experience that it’s actually true.
I would not start anything in Rwanda or Belarus. Azerbaijan maybe.
dn-guy: “People who want to start a business should move to Rwanda, genocide suits their ideology.”
Wodun,
You should be rushing to Rwanda to start a business. Genocide matches your ideology.
I can never tell if you’re a horrible person or just enjoy playing one on the Internet. I hope it’s the latter.
This time he is joking but that is only because I beat him to the punch.
The report found that New Zealand is the easiest place in the world to create a new business. Starting one there requires “one procedure, half a day, (and) less than 1 percent of income per capita and no paid-in minimum capital,” the study noted.
As an addition to a discussion in an earlier thread: Suck eggs Bart!
The government needs to paperwork, so they can take credit when they claim “you didn’t build that”.
And it may get even harder in Il Dufe’s closing years of power:
http://neoneocon.com/2014/01/27/obama-you-aint-seen-nothing-yet/#comments
Scary reading to those of us who value liberty, although sort of a wet-dream for Baghdad Jim and dn-guy.