Thursday, November 27, 2014
Top Entrepreneur News

Thu, 27 Nov 2014 17:00:00 -0600

Find out what VCs look for before investing in a new company.

Thu, 27 Nov 2014 15:00:00 -0600

You've probably never heard of Jen Ehresmann, but she is one of the highest-ranking women in the $18-billion turkey industry.

Thu, 27 Nov 2014 12:30:00 -0600

In 9 years, Vincent Lee took a small janitorial business and turned it into a franchise that provides services for huge companies including Nike and FedEx.

Wed, 26 Nov 2014 23:30:00 -0600

Economic and technology improvements have given professional services companies much to appreciate.

Wed, 26 Nov 2014 23:00:00 -0600

It sets the foundation for the customer relationship, establishes leadership and separates the business from the competition.

Wed, 26 Nov 2014 22:30:00 -0600

With Thanksgiving and the holiday shopping season quickly approaching, retailers and marketers must establish a game plan for arguably the two biggest shopping days of the year.

Wed, 26 Nov 2014 22:00:00 -0600

Cultivate creativity, enjoy leisure pastimes, forge relationships and achieve entrepreneurial success.

Wed, 26 Nov 2014 21:30:00 -0600

When budgets are tight, knowing your customers and employing some clever tactics will go a long way in creating disruptive marketing campaigns that work.

Wed, 26 Nov 2014 21:00:00 -0600

Done prudently, helping customers to buy now and pay later is a sound strategy for maximizing sales.

Wed, 26 Nov 2014 20:30:00 -0600

The reality each year on Cyber Monday is that billions are spent online during office hours. You're wise to watch for bandwidth traffic jams and security threats.

Wed, 26 Nov 2014 20:00:00 -0600

The largest retailers have an insatiable demand for promising merchandise. Persistence is key to finding your spot on their shelves.

Wed, 26 Nov 2014 19:45:00 -0600

Is your company an assemblage of the drowsy. Encourage members of your team to catch up on rest in these ways.

Wed, 26 Nov 2014 19:30:00 -0600

Are your productivity hacks really making you better? Many are myths that are actually holding you back.

Wed, 26 Nov 2014 19:15:00 -0600

Be prepared for the annual race to send packages to all corners by doing the proper advance legwork.

Wed, 26 Nov 2014 19:00:00 -0600

The audiences are there, but if you're making one of these errors, they won't acknowledge you.

Wed, 26 Nov 2014 18:45:00 -0600

Regardless of where you sell your goods or services primarily, a little advanced digital preparation can help you take advantage of "Windfall Weekend."

Wed, 26 Nov 2014 18:30:00 -0600

Compelling web copy is important in creating a hook to persuade people to buy, but it is better to create an experience for people coming to your site that totally transcends the transaction.

Wed, 26 Nov 2014 18:15:00 -0600

A large player starts to get wise to the ways of newcomers that are experimenting rapidly.

Wed, 26 Nov 2014 18:00:00 -0600

We asked our customer service experts about the companies they love and why.

Wed, 26 Nov 2014 17:52:00 -0600

The ridesharing company is reportedly raising new financing that would value it at $40 billion.

Wed, 26 Nov 2014 17:30:00 -0600

Read about the business leaders who dominated headlines in 2014 and set the stage for the year ahead -- for better or for worse.

Wed, 26 Nov 2014 17:15:00 -0600

Meetings fall apart thanks to sloppy agendas, un-articulated ground rules, and other structural mistakes. Here's how some of the world's top execs manage their meetings.

Wed, 26 Nov 2014 17:00:00 -0600

This time of year everyone is expressing gratitude but this sort of mentality needs to occur all year long.

Wed, 26 Nov 2014 16:45:00 -0600

Your distractions are keeping you from being alert, attentive and focused and can hamper your post-event follow up not to mention your day to day activities.

Wed, 26 Nov 2014 16:30:00 -0600

We came up with three hypothetical inventions that would make Thanksgiving more enjoyable.

Wed, 26 Nov 2014 16:19:00 -0600

The social platform now allows marketers to put coupons in users' feeds with Twitter Offers.

Wed, 26 Nov 2014 16:15:00 -0600

Entrepreneurs are trying to make the best of a bad situation.

Wed, 26 Nov 2014 16:00:00 -0600

Before you take your next step, let some experts help you get a better understanding of what the data shows now.

Wed, 26 Nov 2014 15:45:00 -0600

Any time you match sellers with buyers, you have to ensure both sides of the deal are growing proportionately.

Wed, 26 Nov 2014 15:40:00 -0600

This could be the acquisition Twitter's CFO accidentally tweeted about on Monday.

Thu, 27 Nov 2014 16:52:00 -0600

On this Thanksgiving, I woke up grateful for the opportunity to be an entrepreneur.  Here are a few lessons that I have learned a long the way -- hopefully, they can help others in some small way.      1.  Grateful entrepreneurs are happy entrepreneurs.  To be an entrepreneur, you have [...]

Thu, 27 Nov 2014 16:04:00 -0600

The average cost of a Thanksgiving meal for 10 this year is $49.41, up 37 cents from last year, according to the American Farm Bureau Federation. Their typical dinner doesn’t include mashed potatoes – an unforgivable oversight, in my view. Otherwise, however, it’s pretty substantial, with turkey, sweet potatoes, pumpkin [...]

Thu, 27 Nov 2014 15:45:00 -0600

It is that time of year again in the US when people are getting together to enjoy a turkey dinner and exhibit feats of strength…or is that Festivus? Never mind. At any rate, as people are slipping into their tryptophan induced comas in front of their TVs, the negative element [...]

Thu, 27 Nov 2014 14:05:00 -0600

Here are some quotes on thanks, thanksgiving, and gratitude to help get your Thanksgiving holiday off to a good start.

Thu, 27 Nov 2014 02:55:00 -0600

Every day, ordinary people act in extraordinary ways that make the world better. Here are the top 8 behaviors that inspire us to live better.

Thu, 27 Nov 2014 01:24:00 -0600

There have been a number of signs that the rush of sales on the iPad was slowing, but data from IDC today puts the retail success of Apple's tablet into an interesting position. The analyst's numbers suggest that total iPad sales in 2014 will be down by 12.7%, a drop that is at odds with the growth of the tablet market by 7.2%.

Wed, 26 Nov 2014 20:18:00 -0600

Black Friday is nearly upon us, and the time has arrived for Xbox One and PS4. The market still isn't flooded with must-have games that you can't play on last-gen, and Sony's last firmware update was sort of a mess, but we're finally at the point where both Sony and [...]

Tue, 25 Nov 2014 23:45:00 -0600

It is the week of Thanksgiving, with all its associated holiday cheer and family togetherness. It is also the week a Grand Jury decided white policeman Darren Wilson will not face criminal charges for the shooting death of unarmed black teen Michael Brown in Ferguson, Missouri.

Tue, 25 Nov 2014 13:10:00 -0600

Being uber-responsive to work communications might not be great for your health or your career, says a new study.

Mon, 24 Nov 2014 19:27:00 -0600

As college acceptance letters go out over the next few months to the millions of high school seniors applying to universities in the United States this year, it is important to note that nearly half of all engineering majors drop out or change majors before they graduate. Melody McCloskey, who founded [...]

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Where Less Tax Burden Flow - Chaldean Businesses Go
By David Najor :: Monday, December 22, 2008 :: 19318 Views :: Article Rating :: Business & Finance, Government & Society

California, USA – Chaldeans in California grow worrisome as the state’s debt skyrockets.  “They will tax the people to death in this state,” says Abrahim Bajoka, owner of an Arco Gas Station.  “Tax! Tax! Tax!  The more money they take from us the less we can grow, hire new people, or buy new products to sell.  This is basic business.  What is wrong with this state?”

Bajoka’s aggravation is not rare.  Taxpayer groups in the “Fruit & Nut” state are also fuming and vowing to go to court to initiate a referendum to halt nearly $10 billion in recent tax increases Democrats passed in a secret special session last Thursday. 

Lawmakers across the nation are shocked at the extraordinary parliamentary maneuver.   California Democrats circumvented a constitutional provision requiring a two-thirds vote in the state legislature to raise taxes by using their simple majority. “What they are telling small business owners is that we don’t want you in our state,” says Bajoka.  “The hard workers get taxed and the lazy get fed.  This is all wrong.”

So which are the best low-tax states welcoming new business leaders and encouraging economic growth?  Just follow the trail of Chaldeans….

Chaldeans are wisely picking the low tax states to expand their franchises or establish new businesses.  Lower taxes gives businesses more cash to spend exploring new business ideas, product lines, marketing, and research.  Kicking less money up to Uncle Sam also helps business owners better cope with changing estimations of expenses due to regulatory fuel and energy costs. 

Bajoka says that whatever taxes a business is required to pay will simply be passed to the customers by increasing the cost of products.  However, higher prices means less buying, which means less production and manufacturing or a slowing of the economy.  “Customers will buy less.  They can’t afford as much because government forces the prices to go up.  This is not the time to raise taxes.” 

Tax Foundation President Scott Hodge reported a study that shows Americans will spend more on taxes in 2008 than on food, clothing, and housing combined. The report went on to say that in 2008, Americans worked 74 days to pay their federal taxes and 39 days more to cover state and local levies.

Outside of leaving the country, the most one can do about Federal taxes is vote the right people into office.  But the state and local tax burden varies considerably by location. The most expensive state and local taxes are typically sales and excise taxes (14 days' pay), property taxes (12 days' pay), and income tax (10 days' pay).

U.S. News cranked recently sifted through more than 2,000 U.S. places to find locales that have relatively low taxes but also offer amenities important to small business owners like a reasonable cost of living and fine recreational and cultural choices. Many of the low-tax havens have no state sales tax, like Billings, Mont., or no state income tax, like Sioux Falls, S.D.

There's nothing like zero tax to make your business dollar go further. 

Chaldeans are well aware of one low-tax retirement gem, Stafford, Texas, a suburb of Houston.  The place has been booming with new businesses because of the suburb’s move to entirely eliminate its property tax in 1995. Texas is also one of seven states with no income tax. (The others are Alaska, Florida, Nevada, South Dakota, Washington, and Wyoming.) Stafford also has the lowest sales tax in the Houston area.

Chaldeans are also moving to Florida and Las Vegas.  The business-friendly tax structure of the states has kept the states doing amazingly well in comparison to states like Michigan, Illinois, and California are drowning.  Both Florida and Nevada have slashed government budgets instead of taking the short-term easy way out and tax residents and businesses. 

There is one state the our native desert dwellers have yet to invade.  The most tax-friendly state for businesses is Alaska. The geographically largest state in the union is the only one without any kind of income or sales tax and pays residents to live in their state.

Alaska residents with at least one year in the state receive annual Alaska Permanent Fund dividends. The state’s governor was able to secure an incredibly high payout for Alaskan residents of $3,269 in 2008, but even more typical dividends have been nothing to scoff at, ranging from $827 to $1,964 over the past two decades.

Who knows maybe Chaldeans will venture out into polar bear country?  Michigan Chaldeans won’t have much of a problem dealing with the frigid winds, snowy roads, and icy car doors - not as long as they keep the tea warm.