Micropreneur

How to succeed as a Micropreneur

  • Written by Super User
  • Category: Demo content
  • Hits: 1735

A micropreneur or microbusiness is one that operates on a very small scale, or one with no more than five employees. When you are starting out, you are pretty much everything for the company (CEO to CJO - Chief Janitorial Officer). You have to buy your own stationery, printer cartridges, SD Cards (for the Security Cameras), manage your website, make coffee, spruce up the meeting room, attend to calls... I can go on. The seed capital (your savings) runs out faster than a speeding bullet with a thousand things screaming for your attention and you feel like you are juggling many balls in the air. Prioritize, prioritize, prioritize you tell yourself. As things slip, there is a feeling that you are unable to keep up. But do not despair! You have to address the following four items no matter what business you are in (Health Care to Personal Care, Wall Street to Main Street)...

Item

Description

Useful Tools
These set of tools will make you appear bigger and smarter!
REIT
27 eCommerce blog sites and what they excel in.
SEO
Drive more traffic to your site using these techniques...
Media
How to use Social Media to promote your products...

In the limited time you have in a day, you have to be able to ensure that you are able to keep your site updated with new content as often as you can, blog about it on social media, have back end setup to handle the traffic your posts on Social media are going to generate, sell your product to your customers, follow up with existing customers on new offerings.... let me take a breath here!

As you start getting traction, you will find an Angel investor or Venture Capitalist (if you can make them believe in your vision) or you will bootstrap your way to grow your business. There are also other viable alternatives such as Micro financing that can help you to grow. There is no fixed formula here - you choose the method that you are most comfortable with.

Tax Inversion

Tax inversion and how it affects us

  • Written by Super User
  • Category: Demo content
  • Hits: 2272

Tax inversion can be defined as re-incorporating a company overseas in order to reduce the tax burden on income earned abroad. USA today captured all the different ways US based companies try and reduce their tax burden in this article. Yevgeniy Feyman in Forbes argues that like water finding a lower level, companies will do what they feel is best for their shareholders. The following picture explains how corporate taxes fare in the US in the group of OECD (Organization for Economic Cooperation and Development) countries. The explanation of OECD Weighted average and average is available in this article.

How US compares with other OECD countries

Does Congress/ Senate have the political will to draft a more attractive tax legislation that will put US on par with other OECD countries? Not in a mid-term election year. So what can the government do to make people aware of this? I have a simple suggestion - Make all US companies mention the country of incorporation in all its releases and advertisements. Let the people decide if they like to buy the company's products or not. Something along the lines

Inc. in United States

But the long term solution is not so easy to arrive at. Many OECD countries have switched away from worldwide taxation (US still does) and addressing this is one way forward. It is important to remember that Tax inversion only affects profits earned outside of US. One of the biggest expense items in a company's operation is its payroll. Many experts have weighed in that US continues to attract top talent from the whole world and therefore companies will invest in the US for staying on the cutting edge and hence Tax Inversion does not make a difference in the long run. They go on to argue that thanks to outsourcing and globalization, every possible task that can be outsourced has already been done and then some. While reforming Corporate Taxes, US Govt. should also encourage giving tax breaks to companies for creating jobs in the US. These are in place as a temporary measure but should be made permanent.

UK raises its security threat level

  • Written by Super User
  • Category: Demo content
  • Hits: 988

Britain has just announced that there is imminent danger of an ISIS sponsored attack on either England or the Western hemisphere. Gauging by the events that have been unfolding, let us try and list what factors influenced this decision by UK.

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