Tag Archives: Entrepreneurship

Legal Marijuana Faces Another Federal Hurdle: Taxes

Posted on by

“Even as more states embrace legal marijuana, shops say they are being forced to pay crippling federal income taxes because of a decades-old law.  The tax rule, an obscure provision referred to as 280E, catches many marijuana entrepreneurs by surprise, often in the form of an audit notice from the I.R.S. [..] This year, Allgreens, a marijuana shop in Colorado, successfully challenged an I.R.S. policy that imposed about $30,000 in penalties for paying its payroll taxes in cash — common in an industry in which businesses rely on armed guards and cash-stuffed safes because they cannot get bank accounts.”

http://www.nytimes.com/2015/05/10/us/politics/legal-marijuana-faces-another-federal-hurdle-taxes.html?_r=0

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Chinese woman pays for new BMW with mountain of one-yuan notes

Posted on by

“A woman stunned staff at a car showroom by making a part payment for a new BMW 730Li using 100,000 yuan (HK$126,700) in one-yuan banknotes.  The unnamed buyer, who owns a food retail business, paid the rest of the cost of her one-million-yuan car with her bank card.  She said people often paid her at work using small denomination notes.  As she was often busy she had decided to keep the banknotes until she was able to spend them all at once when buying a car. Li Moran, general manager of the car dealers, said the purchase had been the first time he and his staff had counted so much cash.”

http://www.scmp.com/news/china/society/article/1772697/chinese-woman-stuns-dealership-heavyweight-payment-new-car

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Billion-dollar startups everywhere — but no billion-dollar entrepreneurs

Posted on by

“To build a $1 billion company, you need to already have a $100 million company; and to build a $100 million company, you need to already have a $10 million company; and to have a $10 million company, you need to build something people want. So focus on building the $10 million company first, then when you’re there, think about the $100 million one. Only when you’ve built that $100 million one should you think about how to build the $1 billion company. And I’m not talking funding-based valuations, I’m talking revenue-based valuations, which is even more fun.  Oh, and don’t listen to people who say you shouldn’t worry about dilution. You should, a lot. Just do the math.”

http://venturebeat.com/2015/05/13/billion-dollar-startups-everywhere-but-no-billion-dollar-entrepreneurs-yet/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

These free market services show just how inefficient your government is

Posted on by

“The private postal services that charge a premium to mail postcards for tourists in Venice are not the only examples of businesses helping to ease the pain of such bureaucracy taxes.  In war-torn Detroit, for instance, private police services have cropped up to help homeowners protect their property.  Detroit residents with something to protect can now band together and hire their own police service for the neighborhood, with the companies using that money to provide free services to poorer neighborhoods.  And in the even more bureaucratic France, surprisingly good private train companies have popped up to take people not just within France but to Germany, Austria, and elsewhere.”

http://nomadcapitalist.com/2015/05/11/free-market-inefficient-government/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Despite Recession In Europe, Entrepreneurial Ecosystems Developing

Posted on by

“European entrepreneurs are less confident about their country as a place for startups than those in America, Canada or Brazil, but regardless, entrepreneurial ecosystems are developing across Europe.  Greece seems to be adopting to a rapid entrepreneurial culture that counts incubators, funds, tech hubs and accelerator programs, as well as successful startups such as Taxibeat, which has raised $6.7 million in three rounds or Workable, which raised $7.5 million in three rounds from Greylock Partners and other investors. Looking elsewhere in Europe, Dublin is a booming tech hub, also praised as the Silicon Prairie. Another example is in my country, Cyprus.”

http://techcrunch.com/2015/05/05/despite-a-creeping-recession-in-europe-entrepreneurial-ecosystems-are-developing/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

The Latin American startup movement gaining momentum

Posted on by

“An incubator is usually the physical space where entrepreneurs deposit the eggs of their ideas, and keep them warm until they are ready to ‘hatch.’  Many coworking spaces also function as incubators. Reports that there are over 141 coworking spaces in Latin America.  Brazil leads the coworking trend with 95 spaces and counting.  Once the business concept is ready to see daylight, the founder can enroll in an accelerator program.  In 2014, Fundacity issued a report on the accelerators of Latin America.  They noted that the total investment in the Latin American region was US$35,381,944 in 872 startups by 53 accelerators.”

http://nomadcapitalist.com/2015/05/06/latin-american-startup-movement-gaining-momentum-030/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Estonia’s 1st electronic residency card issued to UK journalist

Posted on by

“Estonia has become of the first country in the world to launch an electronic residency program, hoping that the innovative approach will persuade foreigners to invest and start businesses in the Baltic state.  The first virtual residency card was issued Monday to British journalist Edward Lucas, a senior editor at The Economist magazine, on Monday.  The card with an embedded microchip will allow Lucas to conduct business activity in Estonia while staying abroad. The e-residency program kicked off after the Estonian Development Fund and the former CEO of Skype, Sten Tamkivi, organized a contest for the best idea to bring foreign businesses to Estonia.”

http://rt.com/news/210775-estonia-electronic-residency-card/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Hershey, Cuba

Posted on by

hornberger1

“Hershey, Cuba, was founded by Milton Hershey, the American chocolate tycoon who founded Hershey, Pennsylvania. Hershey invested his own money to found this town around 30 miles east of Havana.  The town revolved around a sugar mill, ‘once among the world’s most advanced,’ according to the Post. Everything in the town was first-class. ‘Neatly laid residential streets,’ houses with clapboard siding, and ‘some of the only screened-in porches anywhere in Cuba.’ Also a company hotel and ‘big, stately flagstone homes, where the American supervisors lived.’ There was also the Hershey Social Club and a golf course.”

http://fff.org/2015/05/06/hershey-cuba/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Shopping tools help patients find cash prices for medical procedures

Posted on by

“With rising out-of-pocket expenses, patients are increasingly demanding information about price and quality that historically has been unavailable.  Entrepreneurs, states and employers now offer such tools. San Francisco-based Pokitdok (pokitdok.com), co-founded by CEO Lisa Maki in 2011, operates in 44 markets, including Los Angeles. You can search the 50 most shopped medical procedures among 40,000 providers who have submitted their cash price.  New York-based Clear Health Costs (clearhealthcosts.com) queries individual healthcare providers in eight markets, including Los Angeles, for a cash price on up to 35 common medical procedures.”

http://www.latimes.com/business/la-fi-healthcare-watch-20150420-story.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Dentist Attacked for Charging Too Little For Teeth Cleaning

Posted on by

“When is it illegal for a licensed dentist in Arkansas to clean teeth? When he also happens to be a licensed orthodontist.  In 2013, Dr. Ben Burris ran afoul of Arkansas’ law when he started offering low-cost teeth cleanings.  Within weeks, Ben was told by the Arkansas State Board of Dental Examiners that he was breaking the law and that his license would be revoked if he continued offering the cleanings.  Arkansas prohibits licensed dental specialists like orthodontists from doing work outside of their specialty even though they are qualified to practice general dentistry. Faced with the threat of seeing his practice ruined and his 100+ employees out of work, Ben suspended the program.”

http://fee.org/anythingpeaceful/detail/its-illegal-to-charge-too-little-for-teeth-cleaning

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet