Mish has an excellent essay covering the economy we have now, and in part says,
"... and be rewarded for them..." Now that is another problem not addresses, but I do. We live in an economic system that is stacked against the small business person. I know this very well. But when in history has that not been true? That "stacked against" is in the form of rules and regulations on how people are to be rewarded.
Now some people deal with this by fighting or cheating "the system" and I won't judge them. I will says there is far more money and fun in understanding the system, and "work it" to your advantages. How rewards are distributed are a result of deliberate rules and regulations. All rules and regulation have winners and losers. They are designed for you to lose. But they are in writing, they are patterns and practices, and it is easy enough, once you are so inclined, to study and realize your own "loophole." Loopholes open and shut only with great effort, so you can expect your own, personal loophole to remain.
When dealing with the system, think Jobs, not Madoff.
Let me give you an example. 99% of the taxes paid on imported wine can be recovered back from the government if you re-export as much. Not the same wine (the original rules) but merely "red-for-red" or "white-for-white." So bring in the finest French, taxed on the East Coast to distribute, and then export rot-gut from USA West Coast to China, get your taxes paid back, and sell fine in essence tax-exempt fine French wine in USA against small businesses who try to import and sell fine French wine AND pay the import taxes. Advantage big business.
Further, small USA fine wineries are trying to compete against net-untaxed French fine wines, when the taxes were designed to "level-the-playing field."
This is an outrage, since one has to be big to get the advantage (which is the point) and small fine wine importers don't have the buying power (or subsidized markets overseas) to unload USA plonk into say China. But dem's da rules.
Fine wine imported East Coast at hefty tax....
USA plonk to China (wine in one bag weighs too much to fill a container, so only 3/4 filled.)
Net result, no taxes for you! And you can go get tipsy as you crush small business!
As I said, dem's da rules, but there is a loophole here through which a small business can drive a truck. usually these emerge based on one more element, some change that offers an opportunity big for a small business, but too small for a big business.
But to spot the opportunity you must
1. Be in the business...
2. Know the rules, even the unfair ones (especially the unfair ones) ...
3. Get creative...
Again, Jobs, not Madoff.
I've got two options for those desiring to start up or expand into small business international trade. I've got a live session in Los Angeles coming up Saturday May 3, if you are in the area, or an online course for everyone else on planet earth.
Feel free to forward this by email to three of your friends.
To achieve progress, someone needs to come up with new ideas and new ways of thinking, and be rewarded for them.As far as I know, I am the only person teaching and writing on business start up that gives an organic, actual, effective process for coming up with those new ideas (products) and ways of thinking (services.) This part of my seminars is very well received.
"... and be rewarded for them..." Now that is another problem not addresses, but I do. We live in an economic system that is stacked against the small business person. I know this very well. But when in history has that not been true? That "stacked against" is in the form of rules and regulations on how people are to be rewarded.
Now some people deal with this by fighting or cheating "the system" and I won't judge them. I will says there is far more money and fun in understanding the system, and "work it" to your advantages. How rewards are distributed are a result of deliberate rules and regulations. All rules and regulation have winners and losers. They are designed for you to lose. But they are in writing, they are patterns and practices, and it is easy enough, once you are so inclined, to study and realize your own "loophole." Loopholes open and shut only with great effort, so you can expect your own, personal loophole to remain.
When dealing with the system, think Jobs, not Madoff.
Let me give you an example. 99% of the taxes paid on imported wine can be recovered back from the government if you re-export as much. Not the same wine (the original rules) but merely "red-for-red" or "white-for-white." So bring in the finest French, taxed on the East Coast to distribute, and then export rot-gut from USA West Coast to China, get your taxes paid back, and sell fine in essence tax-exempt fine French wine in USA against small businesses who try to import and sell fine French wine AND pay the import taxes. Advantage big business.
Further, small USA fine wineries are trying to compete against net-untaxed French fine wines, when the taxes were designed to "level-the-playing field."
This is an outrage, since one has to be big to get the advantage (which is the point) and small fine wine importers don't have the buying power (or subsidized markets overseas) to unload USA plonk into say China. But dem's da rules.
Fine wine imported East Coast at hefty tax....
| http://www.wein-shop.at/index.php?option=com_content&task=view&id=15&Itemid=51&lang=english |
Net result, no taxes for you! And you can go get tipsy as you crush small business!
| http://drinkster.blogspot.com/2011_02_01_archive.html |
But to spot the opportunity you must
1. Be in the business...
2. Know the rules, even the unfair ones (especially the unfair ones) ...
3. Get creative...
Again, Jobs, not Madoff.
I've got two options for those desiring to start up or expand into small business international trade. I've got a live session in Los Angeles coming up Saturday May 3, if you are in the area, or an online course for everyone else on planet earth.
Feel free to forward this by email to three of your friends.
1 comments:
“Make the enemy live up to its own book of rules.”
Saul Alinsky
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