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Comments about ‘In our opinion: In an entrepreneurial economy, reward job-seekers willing to start businesses’

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Published: Saturday, April 19 2014 9:11 a.m. MDT

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marxist
Salt Lake City, UT

I understand that in Italy if a group of people are laid off, rather than take unemployment payments they can instead get business start up capital from the Italian government.

Also the EU appears to be far ahead of the United States in fostering small business creation.

aceroinox
Farmington, UT

Hear! Hear! I have several friends who, though skilled and experienced in their industries, have lost their jobs due to mergers, businesses failing, ObamaCare, etc., and who have been out of work for a year or more. They have families and financial obligations that make unemployment payments a necessity. Several have share with me their desire to launch their own business, and have the skills to do so, but the minute they begin that process their unemployment gets cut off, even though the income phase of most businesses is a ways down the road.

It seems it would be in the best interest of the state and our economy to give these erstwhile entrepreneurs a leg up by allowing them to continue to collect unemployment during the ramping up phase of self-employment, given a demonstrably viable business plan.

The Real Maverick
Orem, UT

Sounds like a good idea.

But the free speech from Big Corp would never allow it. They like things the way they are! CEO profits sky high, worker pay and benefits way low, and millions of desperate workers willing to do anything to choose from. It's a corporate/GOP dream come true. The end result of 3 decades of robber baron Reaganomics. Is the money trickling down yet?

airnaut
Everett, 00

That only works in the minds of a Liberal,

In the GOP mind,
Why should the Government go along with a plan to help those with no jobs start a small business,
when they can throw $Billions of dollars to huge Corporations who are already making $Billions of dollars and not creating ANY new jobs?

Hutterite
American Fork, UT

How about giving them, and their prospective employees, a health care system that has nothing to do with the employer/employee relationship and takes the entire burden off the employer?

Noodlekaboodle
Poplar Grove, UT

@Hutterie
You read my mind. If you aren't worried about leaving your family exposed to massive medical bills it would make it way easier to take a chance and start your own business. Not the ACA, but real single payer healthcare. We should try it, it's the future(or present for every other 1st world country on the planet but us......)

Mike Richards
South Jordan, Utah

Starting a small business requires so much more than just having a valuable skill. A small business owner has to understand bookkeeping. He has to know how to create and use a break-even-analysis spreadsheet. He has to be a salesman. He has to be a bill collector. He has to be a janitor. He has to know all the rules and regulations that government has put on him and his business.

I've owned three successful small businesses. In all of them, I was only able to spend 60% or less of my time using my specialized skills. The rest of the time was used to "run" the business.

A good friend once told me that thousands of people have asked him if their business idea was good. His only question to them is how they would market their service or product. If they had a viable marketing plan, no matter what the product or service, he told them that if they worked the plan, they would probably succeed.

You have to sell your service or product. Nobody is going to seek you out.

Mark B
Eureka, CA

If I'm in business already and doing just fine, thanks, then I'm not too crazy about the idea of government subsidies for my new cut-rate competitors. And since the Supreme Court says I can pay whatever I want to keep certain people in office who think my way, that's just what I'll do. If I ever need those laid-off guys, I'll let them know.

2 bits
Cottonwood Heights, UT

It will never fly. There is still about 50% of the nation that wants to PUNISH people for starting a business...

Cheesecake
Salt Lake City, UT

Keep in mind the 4.7% unemployment in 2007 was during an economic bubble. Or, put another way, it was artificially low. I think that's more maddening than comparing it to current numbers.

jsf
Centerville, UT

Her is a change that would assist the small business start ups. Currently a single individual who starts a business with little or no capital can earn about $10,000 and not pay income tax. The rub, at $400 of net income they have to pay self employment tax at 15%. This amount was $400 in 1957. Adjusted for inflation the current amount should be $3,363.60. Want to really help the young and low income start up? Change the threshold.

marxist
Salt Lake City, UT

Re: Mike Richards " In all of them, I was only able to spend 60% or less of my time using my specialized skills. The rest of the time was used to "run" the business. "

At least. In my two experiences at business. The first failed because I didn't expend enough effort in management. The second failed because I just couldn't compete with the big guys. I attracted business, just not enough to support a growing family.

It's a rough road for small business, but for many it may be the only way out in a system which needs less and less hired labor.

LDS Liberal
Farmington, UT

Big Business does not just need to compete - ala Ayn Ryand's utopia.

It's not a race, with clear lanes, refurees, and penalties for cheating.

It's a Free for all.
and Cheating, lying, back-biting and bribery goes on all the time.

If a huge corporation feels the least bit threatened by a growing sompetitor,
they will use everything in their business arsenal to squish and eliminate the competition.

Frivelous law suits,
Corporate espianoge,
False media reports or mis-information,
anything to discourage or COST the up and coming,
or
once the value is doomed,
they will drive the final stake through it heart by simply buying them out at artifically deflated prices and then deep sixing th whole business.

I've seen some of the most the world's most innovative ideas torpedoed because a bigger guy with a inferior product had more more to financiall cripple them to them to just give up.

lost in DC
West Jordan, UT

Why start a business when Obamacare will tax you to death or blow your expenses sky high?

When you will be forced to participate in activities that violate your conscience?

When you will be accused of oppressing everyone and mooching off society if you succeed and more and more taxes are demanded of you because you are not “paying your fair share”?

No, there has never been an environment more hostile to small businesses than the one BO has created.

No wonder new business starts have declined every year since 2011.

2 bits
Cottonwood Heights, UT

LDSLiberal,
I hope people who constantly refer to "Ayn Ryand's utopia", have actually read the book.

If you're talking about Atlas Shrugged... I'm reading it now (since it comes up so often). And she's obviously not describing a "eutopia". She's describing a FICTIONAL dirty, disgusting, fallen, failed world (at least as far as I have read).

I haven't made it to the end (and don't know if I will make it)... maybe at the end it turns into a Eutopia... but so far she's positively NOT describing what she considers to be a "Eutopia".

===

Remember... it's science fiction...

Wikipedia says...
"The book explores a dystopian, increasingly socialist, post-economic collapse United States where many of society's most prominent and successful industrialists begin to disappear, abandoning their empires in response to aggressive new regulations".

Last time I checked... "DYStopia" is NOT "Eutopia".

#1. She's not describing her Eutopia or dream world... she's describing her NIGHTMARE world. An imaginary dark America (after Socialism and overregulation took it's toll).

#2. She's not describing Capitalism.. she's describing a fictional America that took a socialist turn back in the 1800s.

patriot
Cedar Hills, UT

Well now wait a minute here - I recall hearing something to effect "you didn't build that business - the government did". In other words, you have no right to deserve any reward what-so-ever ...according to Barack and his progressive Socialist friends after all it was the government that made it all possible so actually you should award the government by paying more business taxes ...right??

Mark B
Eureka, CA

If lost was accurate, there wouldn't be any businesses left at all, let alone new ones. Methinks he doth protest too much.

UtahBlueDevil
Durham, NC

Patriot.... give it a rest. We can once again publish a list of now very successful companies that were gotten off the ground via government grants, contracts, or funding. This is a huge red herring argument. Next time you fly, thank the government for funding the company that built that plane.

Whats missing here from the discussion is capital. Mike Richards brings up some great points. Having a great idea or product is not enough. It is why the trades are rank the highest if business failures, because they think being good at what you do is enough.

But you also need capital, at reasonable rates. And for many, access to that capital is still not there, particularly if you are already under financial stress from being out of work. Starting a small business is a great idea... but you need money to make money, and many don't have it. We need creative was to extend credit or funding to these that are willing to take a chance.

lost in DC
West Jordan, UT

MarkB

“if lost was accurate…”

You infer I am incorrect to say there are new taxes with Obamacare? Or business owners will have higher expenses because they will have to provide insurance?

I’m not, there are.

I am incorrect to say religious business owners are not being forced out of business or do things contrary to their beliefs?

I’m not, they are – ask the owners of Hobby Lobby or a certain florist, wedding photographer, or baker.

I am incorrect to say liberals scream that successful people are not accused of not paying enough taxes? I’m not; they are – liberals LOVE to demand higher taxes from the successful

I am incorrect to indicate we have the most tepid recovery in modern history, all under BO’s misadministration?

I’m not, we do.

No, nothing in my post was incorrect or inaccurate.

UtahBlueDevil
Durham, NC

lost in DC - we need to clarify something you say here... "I am incorrect to indicate we have the most tepid recovery in modern history, all under BO’s misadministration?"

What are you considering modern history? The US through both conservative and and liberal administration had a long run of overall expansion. But since 1945 we have had 12 recessions. Average time between these recessions has been about 4 years.

Right now we are in our fourth year of positive GDP growth. We are just now passing the average time that we historically fall back into recession. So by now more than half the time, the US has already fallen back into another recession. Seeing how more than half the time the economy has done worse, it sort of makes your statement a little hard to support..... maybe even inaccurate.

Dates of US recessions since WW II - 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, and 2007- with several of these being multi year recessions. Our strongest period was during the combined Reagan and Clinton administrations with just one recession between them.

Data doesn't have tainted glasses..... just those interpreting it do.

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