Entrepreneurs need easy access to experts and knowledge. But how? Face-to_face networking still rules. There are hundreds of business, technology and life science networking opportunities that happen everyday. The problem is entrepreneurs do not know where to find the events that matter. What is needed is a national database of of business, technology and life science events so that people can start connecting. ...more »
StartupVisa is a way for people currently in the US to start a business here without having to leave the country - or for new immigrants to move here to start their company. http://www.startupvisa.com/
Work with the existing SBA assets to create simple, easy-to-follow online blueprints for startups, oriented around the business area. In particular, blueprints written and designed by successful entrepreneurs would be valuable. Right now the SBA-type guides are generic (e.g. "write a business plan", "choose a location", etc.), and yet a wealth of business area-specific statistics and guidance lies within the references ...more »
Problem: It is difficult for small businesses in LMI (Low and Moderate Income) and HubZone areas to hire recent college graduates. It is difficult for the recent graduates to afford to work for these businesses, particularly given high student loan payments. Solution: Provide loan forgiveness for recent graduates who go to work for a small business in an LMI or HubZone area. Benefit: Reduces loan burden for recent ...more »
Simplify tax reporting. As a business owner, between state and national taxes, we file over fives different returns for a single business. You have to be a tax expert or hire outside experts just to file taxes in the right way. The barrier is very high for new enterprises with this complexity.
Reform partnership and LLC laws to encourage start-ups and collaboration across state lines. With so many new technologies making virtual collaboration so easy, ours, and many other start-ups work from across the country. Yet the forms, fees, and confusion, related to working in multiple states has made it a huge burden for us. We shouldn't have to pay an LLC fee every year to each state we have people in, especially ...more »
Problem: Early-stage startups lack cash to compensate advisors or employees. These startups frequently compensate with stock in-lieu of salary. As a C Corporation, it is difficult to avoid triggering a taxable event when compensating with stock. This is particularly problematic when the stock is an illiquid asset. Solution: Defer taxes on all stock-in-lieu-of salary transactions (whether gift or granting of options) ...more »
Prohibit the payment of Payroll taxes for one year for start-ups that employ 3 or less employees and have an annual income of $100,000 or less.
How about reducing the Federal Tax of 34%? I'm being taxed as two people, Employer and Employee, how fair is that?
Entrepreneur's who are trying to start and scale companies need more low cost yet knowledgable resources available that are easily accessible, written in an easily understandable manner and sorted so that it makes sense and the answers are easily found. I deal with thriving entrerpeneur's everyday that simply don't know WHERE to start. Or more networking opportunities online in an Entrepreneur's helping Entrepreneur's ...more »
Bring the concept of Babson's entrepreneurship dorm, ETower, into the real world. Entrepreneurial cities need to allow entrepreneurs to live in incubators. Zoning laws typically only allow artists to live where they work. Launching out of an apartment is not as effective as launching out of an incubator, but it's an added expense. Young entrepreneurs, frequently fresh out of college with flexible living requirements, ...more »
What would have really helped me get started is making the federal regulations easier to digest. As a soap maker, I had to bounce all over the web to try to cobble together which regulations apply to me - not only on the federal level, but at the state and local level as well. If there was a site that matched your business to a list of all the regulations that apply, I would be in heaven.