Eliminate penalties associated with estimated tax payments. Many small businesses cannot predict how much annual income will be or when in the year it will be paid, yet the tax code forces one to assume a steady income stream. Consequently, the only prudent choice is to overestimate, which ties up funds that the business could use productively. This is especially true for independent business consultants.
I suggest you... The Challenges: New startups fail due to lack of physical resources, lack of financial resources, and lack of knowledge/training/education. The Opportunities: 1.) Maker Fairs and "Hackerspaces", TechShop for example, are growing in popularity and people pay to attend them. 2.) A large infrastructure of Vo-Tech and community colleges exist across this country. 3.) A student loan system is already in place.... more »
Small and medium sized enterprises (SMEs) currently face federal and state securities regulations that not only make it difficult to raise money, but in fact often outright interfere with that objective. That is why one of the most popular ideas presented on this website concerns "crowd funding", the most commonly raised issue at the Roundtable I attended in Palo Alto. The need for a crowd funding like solution is symptomatic... more »
Encourage all Business Incubator organizations, such as www.nbia.org, that receive federal dollars from the EDA, SBA, DOC, & NIST to join with startupamerica and the SBA to establish one web site that links all national resources that are established for new business & job creation initiatives into a collaborative and unified national resource for innovation, entrepreneurship, business development, and job creation in... more »