Best (least regulated) country for entrepreneurship?

Discussion in 'Economics' started by bookish, Apr 7, 2017.

  1. Zzzz1

    Zzzz1

    Yes absolutely, did you forget to be honest and mention you roam most those third-world country in pursuit of your sex addiction? In that regards those countries bode very well for sex tourists like you are (in multiple threads and posts you admitted to be one, so I am not making this up). Your story about starting business in Myanmar is laughable. Like what? A KTV bar? Stripper club? Sure, but this may only suit those who throw ethics and moral values overboard. For the rest of us those countries are a shit place to do business in unless you are connected to someone at the top or the mob. Otherwise the second you set up shop you will get a friendly visit from the "neighborhood police" to pay your protection money. If it is not brick-and-mortar then you will be kindly asked to hand over an undisclosed amount of money in an envelope under the table in order to not having to wait for your business licence for 10 years but only 3 months. You always seem to pull some new folklore out of your std infested ......

     
    #21     Apr 7, 2017
  2. luisHK

    luisHK

    Yes, I opened up a brothel in Yangon bringing underage western girls from overseas to get gang banged by junta members.
    Paid well and went OK for a while but had to close it and leave the country in a hurry after your daughter infected a bunch of the local police.
    I expected better from your upstanding family Voly, one don't know who to trust anymore.
     
    #22     Apr 7, 2017
    Rationalize and bookish like this.
  3. zdreg

    zdreg

    under the handle volpunter you use to have something worthwhile to say about trading. now your mind having been addled by debilitating disease places your posts in the nonsense category. don't feel too bad, it happens.
     
    #23     Apr 7, 2017
  4. Sig

    Sig

    I've started two successful companies in the U.S. so I feel I have some standing to comment on this question. Without meaning any disrespect to you, it's clear that you have not. The reason it's clear is because I worry about hundreds of things about my business, and spend time on hundreds of things and I can honestly tell you I haven't spent a single second worrying about my business being confiscated and about 2 minutes worrying about posters, which is the time it took me to print and post them. What I do worry about is finding high quality employees, with the right mix of education, creativity, and productivity to grow my business. In any industry I'd ever want to be part of that exists predominantly in the developed world. I worry about infrastructure that allows me to deliver my product, in my case I need my customers and I to have solid, reliable internet, others may need physical infrastructure. I've traveled a lot, and even in developed but not quite first world places (i.e. the more developed countries in Central and S America) they're just not there yet on either. I worry about they counterparty risk of my key suppliers and customers, because they all have to deliver per the contracts we all signed or else it all falls apart. That rule of law seems to be what you want to escape, and believe me the law is far more likely to enable and help your business than hit you for a fine. I worry about having access to venture funding if I need it, something that's very accessible for most well planned and executed companies here in the U.S., and completely absent in the kind of places you describe, for reasons described above among others. I want to live in a place I want to live in with my family, where it's safe everywhere, not just on our compound, we can go to a world class concert or play when we want, eat at world class restaurants, enjoy the outdoors...I spend 40 hours a week at work and 128 not at work. I'm not about to sacrifice the 128 hours just to avoid having to track down what posters I need to display!
    These are just a few examples, I'll sum it up to say that I average fewer than a couple minutes a week worrying or spending effort on the things you seem so afraid of, less than 1% of my time. Of the problems an entrepreneur faces, this is so far down on the list as to be irrelevant. On the flip side, the problems I'd face if I lived in a place where these regulations you are so anxious to escape didn't exist would probably be so great I couldn't even start my business.
    If you want to become an entrepreneur I applaud you. Come up with a good product or service, built it, do some sales, get some customers, find good people to work with you....those are the key things you need to worry about when you're building a business not this nonsense about regulations.
    To be frank you sound like you've been listening to too many right wing talk shows populated by talking heads who've never started a business or run one, who are sure regulations are killing 'Murica. I work with and am friends with a large number of actual entrepreneurs and we talk about our businesses and the challenges we face all the time. I have literally never, not once, heard the concerns you listed as a real issue an entrepreneur faced. So if you really want to be an entrepreneur and you're not just trolling (which frankly it sounds like you are), then become an entrepreneur. Get out of your armchair, turn off the AM talk radio, get your hands dirty and build something. You may find you'll have so much fun you forget to be bitter about all those "job killing regulations" that exist mostly in the collective imagination of a bunch of people who've never actually built anything.
    I'm more than happy to help you if you really are interested in this, really have an idea you'd like to implement, and really do have a regulatory challenge you're concerned about. Post it here or IM me.
     
    #24     Apr 7, 2017
    dealmaker and Zzzz1 like this.
  5. luisHK

    luisHK

    Long post from Sig, but seen from Europe at least, US seem to be doing something right businesswise, SMEs in similar sectors seem to grow much bigger in the US, and salaries for graduates are also sensibly higher.
    And obviously many large US companies manage to get a leading position in the world markets
    Labour law is much more easy going as well, which must help quite a bit, I'm not sure about other regulations, various european countries have different regulations, which are more or less helpful/hampering for the business community.
    Seen from Asia, and particulary from China, the size of US enterprises is not that impressive, but than that particular country is on a different scale and point in its development.
     
    #25     Apr 7, 2017
  6. Sig

    Sig

    A lot of that is due to market size. I run into that almost every time I look at expanding internationally. Let's say I started my company in the UK, since they nominally also speak English. I've got the population of CA and TX to market to, where as with basically the same effort in the U.S. I've got 250M more people to target. Even the EU isn't a block from the perspective of marketing, setting up local offices, customer service.... While regulations in the EU are a pain, again if I spent more than 5% of my time on that there I'd be surprised. I'd submit that if your company is going to fail because of EU (or U.S. or any other western country) regulation than you've got a crappy company to begin with and that's why it's failing.
     
    #26     Apr 7, 2017
  7. luisHK

    luisHK

    Yet of course OP is sensible worrying about confiscation and being bankrupted by a frivolous lawsuit. The first part is valid the world over but the second much more so in the US.

    About confiscation there is an amazing thread opened yesterday about the issue on this forum, based on the link below. There are also issues on much bigger sums :

    https://www.forbes.com/sites/robert...campaign=yahootix&partner=yahootix&yptr=yahoo

    Btw Hong Kong has come 1st or second in the list of most business friendly countries in the world for about a decade, yet it is also the country in Asia with most bank accounts frozen, and from very far last i saw stats.
     
    Last edited: Apr 7, 2017
    #27     Apr 7, 2017
    bookish likes this.
  8. luisHK

    luisHK

    I read already your post twice and can't quite figure out the logical link between the first and the second part of the post (not implying the second part is wrong).
    But quite agree about "a lot to do about market size", and Europe having lots of languages and national preferences makes trading there i'm pretty sure quite different than trading within a similarly sized US market (I have experience across european countries, but very little in the US ). I haven't found it dificult to make a living in Europe but the scale was usually smaller than what i witnessed from Asian and US companies.
    Reading False Economy from Alan Beattie, and he mentions one of the things bewildering current economists is the economy actually not beeing more globalized, with most of the trade still occuring within a single or between geographically close markets.
     
    #28     Apr 7, 2017
  9. luisHK

    luisHK

    Btw, 1 to 5% seems to be very low for the time spent worrying about regulations, especially if you include taxes in regulations.
    But when considering taxes can eat up over 50% of one's profits in Europe, time spent minimising those can provide a very good return on investment.
     
    #29     Apr 7, 2017
  10. Sig

    Sig

    No, that includes taxes. At least in the US you don't pay taxes unless you have a profit. If you don't even know what type of company you want to start like the OP you're putting the cart well before the horse if future taxes are what you spend your time on. Building a profitable company is hard enough, prove you can do that then worry about taxes. That said even if you're very profitable if you're spending more than 5% of your time worrying/working on taxes you've got your priorities screwed up IMHO, unless your startup is a CPA firm. At the entrepreneur stage it's much more profitable and far easier to put your effort into I increasing your profit by 10% then into saving 10% on taxes, that's for mature companies.
     
    #30     Apr 7, 2017