If you had the opportunity to start a small business

Like any relatively new situation there is money to be made by those who view the situation as an opportunity. I'm certain opportunities still exist for those who choose to find them.

I think there is still huge money to be made in energy and in healthcare informations/Electronic Medical Records to name a few.

Most start ups fail because they are under capitalized. Given current uncertainties with regards to cost of regulatory compliance, it is difficult to forecast the capital requirements for a new business. I would be very cautious trying to start a business with significant capital requirements. Fortunately, I am a CPA, and my business depends on my personal services rather than capital investments.

I'm mostly curious what the prevalent attitude is to taking that risk in the current environment.

A few things:

1- The world still turns

2- My joy is not determined by who's in power - I pray for wisdom for all authorities

3- My wife is Hispanic and we're gonna suck the shite out of whatever dollas Benbama can set aside for us...


(j/k on 3)

I started my current business in 2010. I had a business prior to that but it was a victim of the changing economy.

Our current business is doing very well. Highly recommended.

quote:

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Would I benefit from starting a business in her name while I do the work?

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Some cities require a certain % of work to go to small minority or women held businesses. It's not a major plus, but it doesn't hurt. There is absolutly no benefit if you are a white male on the application.

There are tax breaks, and also certain business loan programs that are set aside for women owned businesses.