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"America half as entrepreneurial as it was in 1978"
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HeartOfDixie Offline
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"America half as entrepreneurial as it was in 1978"
This is a striking article.

America going forward

So what does it all mean?
11-11-2014 01:54 PM
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firmbizzle Offline
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RE: "America half as entrepreneurial as it was in 1978"
It's next to impossible to have an idea, get it to market, own it and profit from it before a mega multi-national corporation either buys it or brings it to market first.
11-11-2014 02:15 PM
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DrTorch Offline
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RE: "America half as entrepreneurial as it was in 1978"
(11-11-2014 02:15 PM)firmbizzle Wrote:  It's next to impossible to have an idea, get it to market, own it and profit from it before a mega multi-national corporation either buys it or brings it to market first.

Classic fail. Good imitation of mach though.
11-11-2014 03:25 PM
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Niner National Offline
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RE: "America half as entrepreneurial as it was in 1978"
(11-11-2014 02:15 PM)firmbizzle Wrote:  It's next to impossible to have an idea, get it to market, own it and profit from it before a mega multi-national corporation either buys it or brings it to market first.

Barriers to entry in some markets are far harder than they used to be, but there are also more avenues to be creative than there used to be.

Becoming the next major brick and mortar retailer is going to be almost impossible today, but tech has opened so many doors that were not only closed before, but didn't exist in 1978.

You're right that many inventions don't make it to market before a major corp buys it, but ultimately, that is up to the inventor. If they want to sell their ideas so they can either retire or move onto other projects, that is their right. I don't hold that against them.
11-11-2014 04:04 PM
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HeartOfDixie Offline
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RE: "America half as entrepreneurial as it was in 1978"
Regulations are the vehicle by which big business keeps the little guys out. That is something that a lot of people don't seem to understand in today's political climate.

There is a happy medium but right now our regulatory situation is very pro big business.

More to the point of this article, the little guys no long have the money to even begin to enter into the arena. When that happens our entire system concentrates at the top.

We need turnover; we need little guys wiping out big companies. We need to "mulch" up our job market, our money market, and our capital markets.

I think this article did a good job of explaining the root problem today which largely transcends our political conversation.
11-11-2014 04:38 PM
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Hambone10 Online
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Post: #6
RE: "America half as entrepreneurial as it was in 1978"
The ability of large corporations to 'roll up' mom and pop operations is in part a direct result of our tax policy. Buffet made much of his fortune simply by buying companies that were discounted at a 39% individual tax rate and moving them to his corporation taxed at 15%. That's a huge improvement in ROI just with that, much less any volume advantages he had.

We need to be encouraging the middle class and even the poor to become 'owners' rather than workers. To be investors/savers rather than consumers.

Simplest way would be a flat tax with a prebate. A lower income person who was expected to spend all 25,000 of his earnings... at a 25% flat tax would be given a $6250 pre-bate (new net income of $31,250). If he spent only 24,000 of his income, he'd be given $250 in 'free' money. That's a 25% return on that one 'investment'... PLUS the rate of return on any actual investment. He would fairly quickly cease to be poor just by deferring a few purchases... maybe getting a roommate rather than live alone or take a bus rather than buy a car or keep that old tube TV or do Netflix rather than Cable.
(This post was last modified: 11-11-2014 05:14 PM by Hambone10.)
11-11-2014 05:12 PM
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firmbizzle Offline
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RE: "America half as entrepreneurial as it was in 1978"
(11-11-2014 03:25 PM)DrTorch Wrote:  
(11-11-2014 02:15 PM)firmbizzle Wrote:  It's next to impossible to have an idea, get it to market, own it and profit from it before a mega multi-national corporation either buys it or brings it to market first.

Classic fail. Good imitation of mach though.

[Image: troll-away.jpg]
11-11-2014 05:47 PM
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Fitbud Offline
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Post: #8
RE: "America half as entrepreneurial as it was in 1978"
Thankfully the new GOP will take us back to 1978. Lol

Posted from my mobile device using the CSNbbs App
11-11-2014 07:19 PM
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JMUDunk Offline
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RE: "America half as entrepreneurial as it was in 1978"
(11-11-2014 07:19 PM)Fitbud Wrote:  Thankfully the new GOP will take us back to 1978. Lol

Posted from my mobile device using the CSNbbs App

Well actually, if history is any indication 03-lmfao zerO has already done a pretty fair job of precisely that. Lowest labor part rate since then, crap economy like then, worst peacetime recovery following a recession, unemployment rate approaching then etc.

Only real difference is we don't have the double digit interest rates and mortgage rates. Yet the general "Malaise" still has it's grip, just like old times!
11-11-2014 07:52 PM
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DrTorch Offline
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RE: "America half as entrepreneurial as it was in 1978"
(11-11-2014 05:47 PM)firmbizzle Wrote:  
(11-11-2014 03:25 PM)DrTorch Wrote:  
(11-11-2014 02:15 PM)firmbizzle Wrote:  It's next to impossible to have an idea, get it to market, own it and profit from it before a mega multi-national corporation either buys it or brings it to market first.

Classic fail. Good imitation of mach though.

[Image: troll-away.jpg]

Now your doing your timmy imitation.

Amazing how you contribute nothing to this board, yet still persist in insulting those who do.
11-12-2014 08:34 AM
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firmbizzle Offline
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RE: "America half as entrepreneurial as it was in 1978"
(11-12-2014 08:34 AM)DrTorch Wrote:  
(11-11-2014 05:47 PM)firmbizzle Wrote:  
(11-11-2014 03:25 PM)DrTorch Wrote:  
(11-11-2014 02:15 PM)firmbizzle Wrote:  It's next to impossible to have an idea, get it to market, own it and profit from it before a mega multi-national corporation either buys it or brings it to market first.

Classic fail. Good imitation of mach though.

[Image: troll-away.jpg]

Now your doing your timmy imitation.

Amazing how you contribute nothing to this board, yet still persist in insulting those who do.

What have you contributed to this thread? I'll wait....
11-12-2014 11:44 AM
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Centdukesfan Offline
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RE: "America half as entrepreneurial as it was in 1978"
was just in san francisco touring a number of startups, all of which have access to sufficient capital and are doing some incredible things that will change the world. I find this article hard to believe.
11-12-2014 03:20 PM
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DrTorch Offline
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RE: "America half as entrepreneurial as it was in 1978"
(11-12-2014 03:20 PM)Centdukesfan Wrote:  was just in san francisco touring a number of startups, all of which have access to sufficient capital and are doing some incredible things that will change the world. I find this article hard to believe.

There are just a few of those areas scattered around some major cities: SF/Palo Alto, Austin, Atlanta, DC, NYC, Bos.

To a lesser extent: Sea, Chi, MSP, Phx, Nashville, Columbus (shrinking fast here)

That's different from the days when Detroit had 100 car start ups, and you saw a variety of start ups in Mil, Cle, Phi, Pit, StL, Buffalo, Wichita, Cincy in addition to most of the cities mentioned above, PLUS you'd find entrepreneurs in places like Muncie, Beloit, Richmond, Dayton, Peoria...these are the pieces missing today.
11-12-2014 03:40 PM
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Owl 69/70/75 Online
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Post: #14
RE: "America half as entrepreneurial as it was in 1978"
(11-12-2014 03:20 PM)Centdukesfan Wrote:  was just in san francisco touring a number of startups, all of which have access to sufficient capital and are doing some incredible things that will change the world. I find this article hard to believe.

You are describing one area of the country. The article is describing statistical trends throughout the country as a whole. There is no reason why both cannot be true, nor any reason that either should suggest that the other is not true.
11-12-2014 04:35 PM
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JMUDunk Offline
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RE: "America half as entrepreneurial as it was in 1978"
(11-12-2014 03:20 PM)Centdukesfan Wrote:  was just in san francisco touring a number of startups, all of which have access to sufficient capital and are doing some incredible things that will change the world. I find this article hard to believe.

Welllll, while admirable, that's not really where the "entrepreneurial spirit" is found. Those are probably more the exception than the rule. more frequently we're talking about the dry cleaner folks. The family owned Italian restaurant, the neighborhood bar or hardware store.

I wouldn't be surprised in the least to find out that fewer and fewer people are hanging out their own shingle and trying to create a little something of their own. Many view it instead as "easier" to just go get a job. I knew many many people that were ALL deep in the home building, sub contracting, mortgage writing, mortgage services and all up and down that food chain. All of them, literally almost overnight, folded up shop half a decade ago. One of them is back doing what he did, all the rest have moved on to medical sales for Co. X, running someone else's office or whatever else. Not a one has taken the plunge individually again, couldn't or wouldn't risk that again due to their circumstance, a "steady paycheck" was more important now. Some of these guys had multiple offices, Fl and Long Island, for one and employed around 120 people. Simply *poof*, closed up shop.

A LOT of burned fingers out there.
11-12-2014 06:49 PM
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HeartOfDixie Offline
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RE: "America half as entrepreneurial as it was in 1978"
This is a very bad trend for the future of our country.

Small business cannot go by the wayside, which this suggests it is.

The small businesses we need are local businesses that pay well and fulfill a first order economic need. Every small town and community across America needs these.
11-12-2014 06:53 PM
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