US ranks behind Rwanda, Belarus, Azerbaijan in creating new business - World Bank

[Tsing Tao]

Pathetic.

http://www.foxnews.com/politics/201...reating-new-business-world/?intcmp=latestnews

A new study by the World Bank and the International Finance Corp. found that the U.S. ranks well behind countries like Rwanda, Belarus and Azerbaijan in terms of how easy it is for an entrepreneur to start a new business. The U.S. did narrowly beat Uzbekistan, though.

The rankings were included in the organizations' joint study "Doing Business 2014: Understanding Regulations for Small- and Medium-Sized Businesses." The annual report, released in October, ranks the relative ease of creating a new business in 189 countries, looking at such measures as the number of procedures required, the time spent complying with them and the cost of doing so, among other factors.

The report found that New Zealand is the easiest place in the world to create a new business. Starting one there requires "one procedure, half a day, (and) less than 1 percent of income per capita and no paid-in minimum capital," the study noted. New Zealand was followed by Canada, Singapore, Australia and Hong Kong in the top five.

By contrast, the U.S. requires, on average, six procedures, takes five days and requires 1.5 percent of the company's income per capita.

 

[LEAPup]

Sets my ass on fire! Just look back where we used to be; a country where small businesses were the backbone of America. After political whores got their sick ways, opening a small business today is, step one: grab ankles.

 

[badnewsbear]

That's because those third world shit holes don't have competition in the marketplace, so there is little barrier to entry.

 

[PiggyBank]

That's because those third world shit holes don't have competition in the marketplace, so there is little barrier to entry.

"The report found that New Zealand is the easiest place in the world to create a new business... followed by Canada, Singapore, Australia and Hong Kong in the top five." shitholes eh?

you have no clue wtf you're saying. it's the lack of competition that raises the barrier to entry.. why do u think monopolies are restricted in the US you genius?

 

[Tsing Tao]

That's because those third world shit holes don't have competition in the marketplace, so there is little barrier to entry.

Dude, I see today is your first day posting in the P+R section. You've obviously chosen the left side - which is a good choice for you. Spelling, logic, facts and intelligence requirements for that side are quite low - you'll fit in fine. Just remember - never read the articles, make up most of your "facts", and tell everyone you're an expert on stuff that you have never experienced before. Lie a lot, and label everyone racist.

Best of luck.

 

[LEAPup]

Dude, I see today is your first day posting in the P+R section. You've obviously chosen the left side - which is a good choice for you. Spelling, logic, facts and intelligence requirements for that side are quite low - you'll fit in fine. Just remember - never read the articles, make up most of your "facts", and tell everyone you're an expert on stuff that you have never experienced before. Lie a lot, and label everyone racist.

Best of luck.

That's great advice! He can, for example, say he sailed into an Orlando port, then partied on the Orlando beach. He can live in a camper, but tell everyone here how big his iq is, but can't spell, or use proper grammar, as well as sporting a firehouse, and a ladies man, yet posts at 4:00 am on a Saturday night. Yep, he's going to have to start lying, and using pure delusion if he wants to run with the 4-5 other lunatic libs here.

 

[bigarrow]

Pathetic.

http://www.foxnews.com/politics/201...reating-new-business-world/?intcmp=latestnews

A new study by the World Bank and the International Finance Corp. found that the U.S. ranks well behind countries like Rwanda, Belarus and Azerbaijan in terms of how easy it is for an entrepreneur to start a new business. The U.S. did narrowly beat Uzbekistan, though.

The rankings were included in the organizations' joint study "Doing Business 2014: Understanding Regulations for Small- and Medium-Sized Businesses." The annual report, released in October, ranks the relative ease of creating a new business in 189 countries, looking at such measures as the number of procedures required, the time spent complying with them and the cost of doing so, among other factors.

The report found that New Zealand is the easiest place in the world to create a new business. Starting one there requires "one procedure, half a day, (and) less than 1 percent of income per capita and no paid-in minimum capital," the study noted. New Zealand was followed by Canada, Singapore, Australia and Hong Kong in the top five.

By contrast, the U.S. requires, on average, six procedures, takes five days and requires 1.5 percent of the company's income per capita.

I don't know what the studies were looking at but I can tell you from running a small business most all of the regulations to start a business are from city and state level with almost non from the federal level. And if we're going to think about this, if an extra 4 or 5 days getting a business set up discourages someone from starting a business they probably wouldn't make it anyway. When I did some work in AZ a few years ago it took several trips setting things up, testing and state licensing and meeting insurance requirements. As a small businessman I'd rather work in places with some rules and regulations than where there aren't any. Weeds out the weak and undercapitalized and fly by night contractors.
When I travel to new areas to work it's like setting up a new business and it's not that big a deal if a person really wants it. Takes some money and time and experience helps. But the opportunity is out there for those that want it, no excuses.

 

[JamesL]

Dude, I see today is your first day posting in the P+R section. You've obviously chosen the left side - which is a good choice for you. Spelling, logic, facts and intelligence requirements for that side are quite low - you'll fit in fine. Just remember - never read the articles, make up most of your "facts", and tell everyone you're an expert on stuff that you have never experienced before. Lie a lot, and label everyone racist.

Best of luck.

It's a new sock-puppet. Still trying to figure out who it is but can't pin it down yet. The writing style is real familiar but hard to check with the site's new limited search function.

 

[Clubber Lang]

It's a new sock-puppet. Still trying to figure out who it is but can't pin it down yet. The writing style is real familiar but hard to check with the site's new limited search function.

Writes like stock777, thinks like a drooling imbecile (Ricter? Optional? A paid troll?)

 

[Tsing Tao]

I don't know what the studies were looking at but I can tell you from running a small business most all of the regulations to start a business are from city and state level with almost non from the federal level. And if we're going to think about this, if an extra 4 or 5 days getting a business set up discourages someone from starting a business they probably wouldn't make it anyway. When I did some work in AZ a few years ago it took several trips setting things up, testing and state licensing and meeting insurance requirements. As a small businessman I'd rather work in places with some rules and regulations than where there aren't any. Weeds out the weak and undercapitalized and fly by night contractors.
When I travel to new areas to work it's like setting up a new business and it's not that big a deal if a person really wants it. Takes some money and time and experience helps. But the opportunity is out there for those that want it, no excuses.

Again, you miss the point. The point of the study is that America has sunk below many 3rd world countries in setting up a business. Your anecdotal information regarding how people who "truly want it" can get it with relatively little fuss (in your opinion) or whether it weeds out poor businesses may, in fact, be true.

Your comments regarding the town and state level certainly ARE true. Unfortunately, the study isn't applied to each state specifically (that would be something to see) but the US as an average.